✍️ Crypto Slang Terms #6: Your Guide to the Cryptoverse 🔥 BSCStation Crypto Slang Terms is back with another 5 common blockchain words to help improve your knowledge in the innovation industry! 🙌 Let's check out today’s words ▶ Crowdsale The process of selling crypto coins or tokens through crowdfunding, usually done before a new blockchain-based project launches its token/coin on the market so investors can take part in early bonuses and incentives. 👉 Example: 🔵BlueSale Finance’s IDO on 🔶BSCStation ▶ Cryptocurrency A form of digital asset that uses cryptography as its main security measure to control the creation of additional units and verify transactions on its decentralized network. 👉 Example: 🔸BNB, 🔹ETH, 🔶BSCS ▶ Dead coin A project that was launched with the intention of being used as a digital currency but failed. 👉 Example: Bitconnect (BCC) ▶ Digital Asset Digital asset is the catch-all term for assets that exist digitally. The term covers a wide variety of assets, including cryptocurrencies, utility tokens, security tokens, digital stocks, and digital collectables. All cryptocurrencies are digital assets, while not all digital assets are cryptocurrencies. 👉 Example: 💰BTC, 🖼NFT ▶ Digital Signature A digital signature in cryptocurrency is the process of using a private key to digitally sign a transaction. Through public-key cryptography (PKC), a digital signature authenticates the sender and recipient of a transaction. It allows anyone with the sender’s public key to verify the digital signature or the authenticity of the message, transaction, or data. 💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms! ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube