Crypto Wiki
Bid Price
The bid price in cryptocurrency trading refers to the highest price a buyer is willing to pay for a specific digital asset, such as Bitcoin or Ethereum.
Beta Release
A Beta Release is an early version of software or an application that is made available to a select group of users for testing before its official release.
BEP-20
BEP-20 is the token standard used on the Binance Smart Chain (BSC), and it functions similarly to Ethereum's ERC-20 token standard, which allows for the creation of fungible tokens.
BEP-2
BEP-2 is the token standard for issuing and implementing tokens on the Binance Chain, the original blockchain developed by Binance.
Beacon Chain
The Beacon Chain is a key component of Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.
Bank Run
A bank run occurs when many customers withdraw their funds simultaneously due to fears that the institution (whether it’s a bank or a crypto exchange) is about to become insolvent.
Baking
In the context of the Tezos blockchain, baking refers to the process of validating transactions and securing the network.
Bait and Switch Scam
A bait and switch scam in the crypto space involves luring investors with a seemingly good offer or opportunity, only to switch the terms or conditions after the investor has committed.
Ask Me Anything (AMA)
An "Ask Me Anything" (AMA) is an interactive event where individuals or teams, often from a crypto project, answer questions from the community in real-time.
Ask Price
The ask price is the lowest price a seller is willing to accept for a cryptocurrency or asset at a given time.
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