Cryptocurrency gas fees, often associated with blockchain networks that use a Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanism, refer to the transaction fees required to perform operations or execute smart contracts on the network. Gas fees are a crucial aspect of these blockchain systems, as they serve multiple purposes:

What is Gas Fee

In the context of Web3 and blockchain technology, a "bridge" generally refers to a mechanism that facilitates interoperability or the transfer of assets and data between different blockchain networks or between blockchain and traditional systems. The term is often used to describe solutions that bridge the gap between separate and sometimes incompatible ecosystems.

What is a Bridge

In the context of cryptocurrency, a "swap" typically refers to the exchange or trade of one cryptocurrency for another. This exchange can happen on cryptocurrency exchanges or decentralized platforms. There are different types of swaps, and the term may be used in various contexts:

What is a Swap

Bitcoin operates on a decentralized peer-to-peer network and utilizes blockchain technology to facilitate transactions. Here is a simplified explanation of how Bitcoin works:

How does Bitcoin Work

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates without a central authority, allowing users to trade directly with each other on a peer-to-peer basis. Unlike traditional centralized exchanges, which rely on an intermediary to facilitate and settle trades, DEXs use smart contracts and blockchain technology to automate and secure the trading process.

What is a Decentralised Exchange

The Bitcoin halving is an event that occurs approximately every four years, specifically every 210,000 blocks. During the halving, the reward that Bitcoin miners receive for confirming and adding new blocks to the blockchain is reduced by half. 

What is the Bitcoin Halving

Proof of Work (PoW) is a consensus mechanism used in many blockchain networks, including the pioneering cryptocurrency Bitcoin. It is a protocol designed to secure and validate transactions on a blockchain by requiring participants to perform a certain amount of computational work.