✍️ Crypto Slang Terms #8: Your Guide to the Cryptoverse 📕 🔥 Get ready to enhance your knowledge in the innovative blockchain industry with BSCStation's Crypto Slang Terms! Today we bring you another five common blockchain words to level up your understanding! ▶ Etherscan: A web tool that lets you explore transactions, wallets, and other aspects of Ethereum's blockchain. It also provides various charts to visualize said data as well as a list for those who want to track specific activity on the network. 👉 Etherscan website:

etherscan.io

▶ Exchange: Platforms that allow users to buy, sell, or trade cryptocurrencies for other digital currencies or traditional currencies like US dollars or euros. Cryptocurrency exchanges are a vital part of the crypto ecosystem, providing users with access to crypto funds. ✍️ Example: 🔸Binance, 📈Bybit, 🟢Kucoin ▶ Fear and greed index: A technical indicator that measures market sentiment based on the prices of seven different assets. 👉 Check the index at CoinStats, alternative ▶ Fiat currency: A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). ✍️ Example: Great British Pound (GBP), United States Dollar (USD) ▶ FOMO: Fear Of Missing Out; the acronym that was coined to describe a phenomenon when investors buy or sell an asset based on others' actions, causing them to miss out on more profitable opportunities. 💪 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