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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms14 shown

ApeChainA Layer 3 blockchain network built on Arbitrum and powered by ApeCoin, designed to reduce transaction costs for participants in the Ape ecosystem.
ApeCoin (APE)The governance and utility token of the Ape ecosystem, used to support governance decisions and transactions within related products.
BNB ChainA decentralized blockchain ecosystem for the Web3 economy, infrastructure, and services.
ERC-20A widely used token standard on the Ethereum network that specifies implementation rules for token contracts and supports ecosystem application integration.
Inter-Blockchain Communication (IBC)A dedicated messaging protocol used by the Cosmos ecosystem that enables independent blockchains to exchange assets without relying on a single centralized operator.
TokenA digital unit of value recorded on a blockchain that can represent an asset, utility, or access right within a particular ecosystem.
Utility tokensTokens typically used to access a specific service or serve as a medium of exchange within an ecosystem.
stETHA tokenized representation of staked ETH in the Lido ecosystem, covering the initial staked amount and the corresponding staking rewards.
TokenomicsA framework for analyzing token supply, issuance, distribution, utility, and governance rules, and how these factors shape supply-and-demand dynamics within an ecosystem.
Ethereum Virtual Machine (EVM)The computational core of the Ethereum ecosystem: a Turing-complete programmable machine that decodes bytecode and executes smart contracts.
Decentralized Finance (DeFi)An ecosystem comprising decentralized financial applications built on blockchain networks.
Mutant Ape Yacht Club (MAYC)A digital collectible series launched by Yuga Labs in 2021 containing 20,000 NFTs, extending the BAYC ecosystem.
Total Value Locked (TVL)The total value of all assets deposited in a DeFi protocol or an entire blockchain ecosystem, usually measured in US dollars.
Lightning networkA Layer 2 solution in the Bitcoin ecosystem that uses state channels to process multiple transactions off-chain, typically recording only channel openings and closures on the Bitcoin blockchain.

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Definition

Mutant Ape Yacht Club (MAYC)

A digital collectible series launched by Yuga Labs in 2021 containing 20,000 NFTs, extending the BAYC ecosystem.

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