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

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Glossary

Terms10 shown

ASIC-resistantRefers to a cryptocurrency design property that limits the efficiency advantage of specialized ASIC hardware through protocols and mining algorithms.
Agentic WalletA component in Binance Wallet’s Agentic Hub that enables agents to interact with tokens and decentralized finance protocols.
DeFiA decentralized financial system that conducts activities such as lending and swapping through blockchain protocols.
DeFi tokensAssets related to decentralized finance applications, which can be used on lending platforms, decentralized exchanges, or yield protocols.
Layer 2 SolutionRefers to scaling protocols built on top of existing blockchains that improve scalability through mechanisms such as state channels, sidechains, or rollups.
Messaging protocolsTransmitting data and instructions between different blockchains, enabling an application on one chain to trigger operations on another chain.
Token StandardA set of rules, protocols, and specifications governing how digital tokens operate and interact on a specific blockchain.
RestakingEigenLayer participants lock ETH, a way to provide security for multiple services or protocols.
ComposabilityThe characteristic that enables developers to compose and build new applications on top of existing DeFi applications and protocols.
Liquidity poolA pool of funds formed from assets deposited by users and used by protocols such as automated market makers to facilitate transactions.

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Definition

Layer 2 Solution

Refers to scaling protocols built on top of existing blockchains that improve scalability through mechanisms such as state channels, sidechains, or rollups.

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