Enrich your dictionary with important cryptocurrency terms.
The extended buying and selling of assets in order to make a profit within intraday changes in their price. Day traders also try to take advantage of short-term price fluctuations between highly liquid assets. 'Day trading' is generally considered a riskier investment than long-term strategies.
Decentralization is associated with cryptocurrencies. It's a system or platform that is not dependent on central authority. Due to the absence of central authority, no one has control over such a system. Decentralized systems are more resistant to attacks because they're not run from one place, but on hundreds or thousands of servers. A decentralized network cannot be easily "shut down" by a government or other authority for example.
Apps running on decentralized technology, mostly using smart contracts, which operate autonomously without the need for central authority. Decentralized apps are abbreviated DApp and usually use the blockchain Ethereum, Solana, or Cardano.
An organization whose building is based on smart contracts. Together they form an autonomous system without central authority. The coin holders of such a DAO decide the development of a particular decentralized autonomous organization.
DeFi - short for 'decentralized finance'; the system by which financial products are available in the public decentralized blockchain network. Therefore, they can be used by anyone and are performed without the input of third parties - such as banks, the government, or other financial institutions.