Double spending

Double spending is a potential issue in digital currencies, including cryptocurrencies, where the same digital asset is spent more than once. It arises due to the digital nature of these assets, making it theoretically possible for someone to create multiple copies of the same asset and spend them simultaneously. However, cryptocurrencies employ various mechanisms, such […]

More Definitions…

Non-fungible token (NFT)

A non-fungible token (NFT) is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, such as artwork, collectibles, or virtual real estate. Unlike cryptocurrencies, which are fungible and can be exchanged on a...

Yield farming

Yield farming, also known as liquidity mining, is a practice in decentralized finance (DeFi) where users can earn rewards by providing liquidity to liquidity pools or participating in specific DeFi protocols. Users can lend, stake, or lock their cryptocurrencies in...

Liquidity mining

Liquidity mining is a process in decentralized finance (DeFi) where users can earn additional tokens by providing liquidity to decentralized exchanges or liquidity pools. By depositing their cryptocurrencies into these pools, users contribute to the liquidity of the...