Glossary of Terminology and Abbreviations

1.SocialFi: Social Finance

The integration of financial tools and blockchain technologies with social networking platforms, enabling secure communication, wallet based anonymity, and monetized interactions.

2.DApps: Decentralized Applications

Applications that run on a blockchain or peer to peer network, rather than centralized servers, offering transparency, security, and user control.

3.E2EE: End-to-End Encryption

A method of securing communication where only the communicating users can read the messages, with encryption applied at both ends of the conversation.

4.Ethereum Virtual Machine (EVM)

A computing environment within the Ethereum blockchain that enables developers to build and deploy decentralized applications.

5.Multichain

The capability to interact with multiple blockchains, allowing for the storage and transfer of assets across different blockchain ecosystems.

6.Non-Custodial Wallet

A type of crypto wallet where users have full control over their private keys, ensuring that only they can access and manage their funds.

7.On-and-Off Ramp

Mechanisms for converting between fiat currency and cryptocurrency, enabling users to enter and exit the crypto ecosystem with ease.

8.Sponsors

Other projects or companies that collaborate with WOW EARN to advertise their products or services through our platform, leveraging engagement-driven campaigns for increased visibility and user interaction.​