A digital currency created by a central bank that is loosely inspired by Bitcoin and other crypto assets CBDC stands for central bank digital currency. Loosely inspired by Bitcoin and other crypto ass...
Tag: Blockchain Glossary
Yield farming | Blockchain Glossary| OKX Academy
Attempting to maximize returns generated from the use of decentralized finance protocols Yield farming is a strategy DeFi protocol users leverage to attempt to generate maximum returns when interactin...
Trading | Blockchain Glossary| OKX Academy
The buying and selling of assets in the pursuit of profit In its simplest form, a trader will buy an asset with the hope to later sell it at a higher price. The difference between the two prices is th...
What are NFTs? Establishing provenance in the information age | Blockchain Glossary| OKX Academy
A beginner-friendly introduction to the NFT phenomena, explaining what they are and why they matter Nonfungible tokens, or NFTs, are tokens representing some digital asset that reside on a blockchain...
What is a Bitcoin ATM? | Blockchain Glossary| OKX Academy
A beginner-friendly explainer about Bitcoin ATMs, including how they work, how to find them, and their advantages and disadvantages A Bitcoin ATM is a general term for a machine that enables users to ...