Blockchain is a decentralized digital ledger that records transactions in a secure and transparent manner.
A DAO is a type of organization that is built on a blockchain network and operates using smart contracts. It is designed to be decentralized, meaning that it is not controlled by a single entity or organization.
DeFi is a financial system that operates on blockchain technology. It allows users to access financial services such as lending, borrowing, trading, and investing without the need for traditional financial intermediaries.
Decentralization refers to the process of distributing power and authority away from a central point or entity. In the context of technology, decentralization often involves the use of distributed ledger technology.
Non-fungible tokens, or NFTs, are a type of digital asset that have been gaining popularity in recent years. An NFT is a unique digital asset that represents ownership of a specific piece of content, such as an image, video, or music file.