Glossary
A
Account
Cryptocurrency payments accounts exist solely as digital records in an online database describing specific transactions, rather than being physical money transported and exchanged in the real world
Accounting Token
Accounting tokens are tokenized credit or debit records (IOU/UOM), just like any other accounting system that uses accounting software.
Address
Address refers to a unique virtual address that is assigned to a wallet to receive and send digital currencies.
Aeternity Blockchain
Aeternity is a blockchain-based distributed computing and digital-asset platform. The AE coin is a unit of account to pay for platform operations.
B
Bag Holder
A common definition of a bag holder is an investor who never sells any of their holdings, regardless of the value of those holdings.
Bear Market
A bear market is a downward state of a market in which more than a 20% decline is witnessed.
Bear Trap
Talking about the bear trap, this technical pattern shows an upward trend incorrectly in the market’s downward trend.
Bid Price
A bid price is the value buyers offer for an asset, such as a commodity, security, or cryptocurrency.
Bitcoin ATM (BTM)
As taken from the term ATM – the automatic teller machine, Bitcoin ATMs operate using the same concepts as any other fiat automated teller machine
Bitcoin Dominance (BTCD)
By definition, the BTCD is defined as the ratio between the market capitalization of Bitcoin and the rest of the cryptocurrency markets.
Blockchain 3.0
Blockchain 3.0 is the next blockchain development stage after Blockchain 2.0. It aims to resolve existing issues in the blockchain industry to facilitate mainstream adoption.
Blockchain Transmission Protocol (BTP)
Blockchain Transmission Protocol (BTP) - a technology that enables compatibility between diverse blockchains by allowing data exchange and value transfer.
Byzantine Fault Tolerance (BFT)
Byzantine Fault Tolerance (BFT) is a trait of decentralized, permissionless systems which are capable of successfully identifying and rejecting dishonest information.
C
C++
C++ is a multi-purpose programming language widely in use for more than 3 decades now.
Candlesticks
Candlesticks chart is a graphical representation of data that provides a clear understanding to predict the future movement of prices on the market.
Central Bank
A central bank is a national financial institution that controls the minting of its respected currency and supervises all the banks operating in the country.
Central Bank Digital Currency (CBDC)
Central Bank Digital Currencies (CBDCs) are the currencies that a central bank issues giving them the status of legal tender.
Centralized Exchange (CEX)
A centralized exchange (CEX) is a crypto trading platform that is owned and operated by a third party.
Cryptology
Cryptology is the scientific study of cryptography and cryptanalysis, including the study of their techniques.
D
Decentralized Applications (DApps)
A decentralized application (DApp), is a distributed, open-source application, which runs on a blockchain network.
Decentralized Autonomous Organization (DAO)
As blockchain technology is being adopted at a large scale, a unique type of firm or institution has gained a lot of fame within the community.
Decentralized Exchange (DEX)
A decentralized crypto exchange is a blockchain-based app that coordinates large-scale trading of crypto assets between users.
Digital Asset Ecosystem
A digital asset ecosystem is known as a concept that explains everything related to the crypto sector.
E
E-Signature
An e-signature (or electronic signature) refers to any electronic spot (symbol, sound, sign, etc.) that is utilized in a physical-signature palace to sign a contract or document.
Enterprise Blockchain
An enterprise blockchain is a type of blockchain, which is used by businesses that want to streamline their processes at scale.
ERC-20
ERC stands for "Ethereum Request for comment" and the ERC-20 token is in use since 2015.
Exit Scam
An exit scam in the crypto sector is said to have happened when scammers profit from early investors in a crypto project by pulling out of a project.
F
Faucet
Crypto faucets are designed as websites, applications, or otherwise that distribute incremental amounts of crypto assets as a reward when you complete a task.
First-Mover Advantage
In an industry, first movers are all the time trailed by challengers that endeavor to leverage the success of the first mover and have a share in the market.
Flash Loan Attack
Flash loan attacks are DeFi (Decentralized Finance) exploits where the attack takes place on a smart contract that is structured to stand by the delivery of flash loans, to drain off the assets kept in any specific pool.
Fork (Blockchain)
A fork is an event on the blockchain that copies the original software and adds the desired changes to it, the new blockchain splits into two branches, forming a fork-like diversion from the main blockchain
G
GameFi
GameFi is a portmanteau of the terms gaming, NFT and decentralized financé (DeFi).
Gems
A Gem is a term used to describe a coin or token that hasn't been discovered yet and has a low market cap with immense potential.
GitHub
GitHub is known as the biggest website for code hosting across the globe. It acts as a go-to facility for developers, enabling them to share code sequences that are accessible to the consumer base of GitHub.
H
Hardware Wallet
Hardware wallet stores your private keys in a secure, physical device. It is considered the safest option to store your crypto assets personally
Hyperledger Foundation
The Hyperledger Foundation is an open-source initiative that aims to help developers construct distributed ledgers on the blockchain.
I
Impermanent Loss
An impermanent loss in crypto is a net difference between the value of two cryptocurrency assets in a liquidity pool-based automated market maker.
Infinite Mint Attack
An infinite mint attack occurs when a malicious entity hacks a protocol and begins minting an excessive number of tokens.
Initial Coin Offering (ICO)
ICO, an abridged form of Initial Coin Offering, denotes a type of crowd sale or crowdfunding with the utilization of crypto as a source of enhancing the collection of capital for the firms in their early phase.
J
Java
Java is a programming language that is object-oriented, class-based, and meets general purposes along with being structured to have minimal implementation dependencies.
Javascript
JavaScript (JS) refers to a programming language to be chiefly utilized in the development of web-based applications.
K
Keylogger
A Keylogger denotes a spying instrument that hackers frequently use for recording keystrokes made on the behalf of the consumers.
Know Your Customer (KYC)
“Know Your Customer" (KYC) is a set of requirements that Cryptocurrency exchanges and trading platforms request to verify the identity of their customers.
L
Layer 2
Layer 2 is a term used in blockchain circles when talking about solutions that help to scale an app by processing transactions off the main blockchain network, called the mainnet or Layer 1.
Lightning Network
The Lightning Network is a layer 2 scaling solution designed for the Bitcoin mainnet.
Liquidity
The term liquidity means how easy and fast conversion of cryptocurrency to fiat currency is, and whether it can be done without affecting the value of the asset.
M
Memecoin
A memecoin, also known as a meme coin or a meme cryptocurrency, is a cryptocurrency that begins life as a joke.
Mining Pool
In the crypto world, a mining pool refers to a group created by cryptocurrency miners, who combine their computational power to improve their chances of successfully mining crypto.
N
Nominators
Nominators refer to one of the chief two actors participating in a network of blockchains that utilizes the NPoS (nominated proof-of-stake) consensus algorithm while the other takes into account validators.
Non-Fungible Token
A Non-Fungible Token (NFT) is a token that can not be exchanged for one another.
O
P
Paper Wallet
A paper wallet is a non-custodial offline (cold storage) wallet for bitcoin (BTC) and other cryptocurrencies.
Parachain
Parachains are heterogeneous blockchains that are connected to Polkadot and Kusama and thus achieve their scalability and interoperability
Proof-Of-Stake (PoS)
Proof-of-stake is a Cryptocurrency consensus mechanism that eliminates the need for the electricity sucking gear called Proof-of-work.
Proof-Of-Work (PoW)
Proof of work is a blockchain consensus mechanism used to validate transactions and create new blocks on a blockchain.
S
Seed (Recovery) Phrase
A recovery phrase (also known as seed phrase) in brief, is the string of 12 to 24 words specifically assigned to your Cryptocurrency wallet address to get access to it.
Smart Contract
A smart contract, at its core, is a program that is stored on a blockchain, which runs when predetermined conditions are met.
Stablecoin
Stablecoins are known as cryptocurrencies that have a static value and are normally pegged to a fiat currency (such as the U.S. dollar)
Staking
Staking in crypto is the process of using a given cryptocurrency to verify a transaction.
T
Testnet
A testnet is a network built for developers in a blockchain project to serve as a testing ground for new ideas without disrupting the core network.
Tokenomics
Tokenomics is the short form of the broader term ‘token economics’ that the cryptocurrency proponents use to point toward how the monetary policy will be followed by the token with simultaneous progress in the project with time.
Trading
Trading is known as an act of making speculations about the movements of the crypto price through an account of CFD trading, or selling and purchasing the original coins through an exchange.
U
Unbanked
The word unbanked refers to the people who cannot avail of the fundamental banking services and products, with a majority of them belonging to the lower strata of the society, and hence, prohibited by conventional financial organizations due to diverse reasons.
Unregulated
Unregulated is something that is not administered by any centralized entity or a controlling organization.
W
Web 3.0
Web 3.0 is the latest type of internet service in which advanced artificial intelligence, as well as machine-based learning, is used to interlink web-based applications and develop an additionally autonomous web.
WebSocket
WebSocket Permits two-way interaction between a consumer (e.g., through a web browser) as well as a WebSocket server (including HTTP). This type of connection usually remains open.
