How do developers come up with the terminologies we see in the cryptocurrency and blockchain space?

It is not the developers but marketers of projects who come up with terminology and assign meaning.

Very often the coined term is not completely true, or misleading, or plain false.

Some examples:

- ‘oracle’ - does not predict future but gives current price quotes
- ‘smart contract’ - does not self run but is just a collection of functions run by outside Dapp
- NFT - is a just a label attached to an item, for ex. digital art
- DeFi - the financing is not used in real world but for trading and swapping on a specific blockchain

Project home               Q&A home

    Send us an email        Instagram - Decentralized Web        Twitter - Decentralized Web        Telegram - Decentralized Web        Tik-tok - Decentralized Web

Go To Top               Become a User - start getting rewards