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Web3 > Misc > Flashcards

Misc Flashcards

1
Q

LP

A

Liquidity provider

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2
Q

Bitgame.com

A

Sports betting website with crypto

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3
Q

fungible tokens

A

are a set of tokens which have all identical properties. You can imagine it like a US Dollar bill. Every dollar bill is worth the same and can be used for exactly the same purpose.

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4
Q

fungible tokens were first introduced and made popular when?

A

by the Ethereum ERC-20 token standard for fungible tokens

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5
Q

BSC stands for

A

Binance Smart Chain

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6
Q

DLT

A

Distributed ledger technology.a DLT is a decentralized database managed by multiple participants

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7
Q

Blockchain vs DLT

A

blockchain is a type of DLT

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Web3 (18 decks)

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