DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.
DYOR stands for "Do Your Own Research." It is a phrase commonly used in the cryptocurrency community as a reminder to individuals to conduct their own research and analysis before investing in a particular cryptocurrency or project. It is important for investors to understand the technology behind a project, its team members, its partnerships, and its overall potential before investing. DYOR helps investors to make informed decisions and to avoid being swayed by hype or FOMO (fear of missing out).
Cold storage refers to storing cryptocurrency on a place where the private key cannot be accessed via the internet. This can be done on a hardware wallet, paper wallet or software wallet in an offline environment.
An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange for a small task, such as subscribing to a newsletter, sending a tweet or inviting other people via a personal affiliate link.
Proof of work is a system used to confirm transactions and produce new blocks in a blockchain network. It requires miners to perform a certain amount of computational work before they can add a new block to the chain. This helps ensure the security and integrity of the blockchain, as it makes it difficult for any single entity to manipulate the network.
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