Glossary

  • Fiat money/ fiat currency - Fiat money is government-issued currency that is not backed by a physical commodity

  • DAO - Decentralized Autonomous Organization - open-source blockchain protocol governed by a set of rules, created by its elected members, that automatically execute certain actions without the need for intermediaries. A DAO helps to keep a network safe and optimized without the need for manual intermediation by its members.

  • NGMI - Not going to make it

  • Bridging - sending polygon from etherium https://bridge.umbria.network/

  • Shill - Promoting another crypto project

  • FUD - Fear uncertainty doubt

  • DeFi - Finansielle værktøjer pĂĄ en blockchain

    • Valuta veksling

    • Pantebrev

  • Swap - Bytte tokens

  • Liquidity pool - crypto lager

  • Layer one - Laver sit eget netværk. Layer two lægger sig op ad et andet netværk

  • FUD - Fear uncertainity doubts

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