News

Crypto Glossary: Some lists of Crypto glossary you may need

Some lists of Crypto glossary you may need.

Decentralized API (dAPI)

API services that are intrinsically interoperable with blockchain technology are known as decentralized application programming interfaces (dAPIs). This is an invention of the API3 protocol.

51% Attack

If more than half the computer power or mining hash rate on a network is run by a single person or a single group of people, then a 51% attack is in operation.

Address

A place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers.

Airdrop

A marketing campaign that distributes a specific cryptocurrency or token to an audience.

Altcoin

As Bitcoin is the first cryptocurrency that captured the world’s imagination, all other coins were subsequently termed “altcoins,” as in “alternative coins.”

Angel Investor

A person who financially backs a new business venture or startup.

Bag

Crypto slang for a large quantity of a specific cryptocurrency. Alternatively (but less frequently) used to refer to the contents of an individual’s crypto portfolio.

Bear
Someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.”
Bear Trap
The attempted manipulation of a specific cryptocurrency’s price, based on the coordinated activity of a group of traders.
BEP-2 (Binance Chain Tokenization Standard)
A technical standard for tokens on Binance Chain.
BEP-20
BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20.
Bear
Someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.”
Bear Trap
The attempted manipulation of a specific cryptocurrency’s price, based on the coordinated activity of a group of traders.
BEP-2 (Binance Chain Tokenization Standard)
A technical standard for tokens on Binance Chain.
BEP-20
BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20.
Bitcoin ATM (BTM)
An automated teller machine (ATM or cashpoint) that allows the user to buy and sell Bitcoin.
Block Explorer
An application enabling a user to view details of blocks on a given blockchain. Also known as a blockchain browser.
Bounty
A cryptocurrency bounty is a reward users receive for performing tasks assigned by a given blockchain or project.
Bull
A person that is optimistic and confident that market prices will increase, this person is also known to be “bullish” about the market or price.
Bull Trap
A bull trap occurs when a steadily declining asset appears to reverse and go upward, but soon resumes its downward trend.
Burn/Burned
Cryptocurrency tokens or coins are considered “burned” when they have been purposely and permanently removed from circulation.
Buy The (F*******) Dip (BTD/BTFD)
An enthusiastic exclamation by supporters of a cryptocurrency to buy while prices are at a low point.
Correction
A correction is a pullback of an asset’s price of at least 10% to adjust for over-valuation.
Custody
Custody is a financial institution’s legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss.
Decentralized Exchange (DEX)
A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary.
Delisting
The process of removing an asset/stock/cryptocurrency from a trading exchange is called delisting.
Digital Dollar
The term “digital dollar” refers to a possible digital currency issued by the US central bank (CBDC).
Dip
A dip is when markets experience a short or protracted downturn.
Dump
A sudden sell-off of digital assets.
DYOR
The acronym of Do Your Own Research — encouraging investors to complete due diligence into a project before investing.
ERC-20
Tokens designed and used solely on the Ethereum platform.
Ether
The form of payment used in the operation of the distribution application platform, Ethereum.
Gas
A term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price.
Gwei
The denomination used in defining the cost of gas in transactions involving Ether.
Initial Dex Offering (IDO)
An initial dex offering (IDX) is an alternative to an initial coin offering (ICO).
Initial Exchange Offering
A type of crowdfunding where crypto start-ups generate capital by listing through an exchange.
Initial Farm Offering (IFO)
Initial Farm Offering (IFO) helps DeFi projects raise capital through the farming feature offered by decentralized exchanges.
Initial Game Offering (IGO)
Initial game offerings (IGOs) provide individuals with an opportunity to invest in gaming projects at an early stage that have the potential to offer huge returns after their launch.
Initial Public Offering (IPO)
An initial public offering (IPO) is the process of a company offering shares for purchase on the stock market for the first time.
Initial Token Offering (ITO)
ITOs are similar to initial coin offerings — but have more of a focus on offering tokens with intrinsic utility in the form of software or usage in an ecosystem.
Limit Order
A limit order is a type of order to purchase or sell a security at a specified price or a better one.
Limit Order/Limit Buy/Limit Sell
Tools that enable traders to automatically buy or sell cryptocurrencies on a trading platform when a certain price target is reached.
 
Liquid Market
A liquid market features a large number of buyers and sellers. It is a platform where all the trades are executed with ease and at a low cost.
Liquidation
Liquidation refers to the conversion of an asset or cryptocurrency for fiat or its equivalents.
Liquidity
How easily a cryptocurrency can be bought and sold without impacting the overall market price.
Mining Pool
An arrangement where a number of miners pool their resources to increase their chances of finding the next block.
Mining Reward
The income that miners receive after finding and validating a block.
Paper Wallet
A physical document containing your private key or seed phrase.
Phishing
When a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate.
Presale
The sale of a cryptocurrency, ahead of it going public, to specific investors.
Price Impact
The difference between market price and estimated price due to trade size.
Private Key/Secret Key
A piece of code generated in asymmetric-key encryption process, paired with a public key, to be used in decrypting information hashed with the public key.
Public Key
A public key refers to a series of alphanumeric characters used to encrypt plain text messages into ciphertext.
Pump and Dump (P&D) Scheme
A form of fraud involving the artificial inflation of the price of a cryptocurrency with false and misleading positive statements.
Ransomware
Ransomware is a type of malware used by hackers to steal or encrypt their victims’ files to extort them for a ransom in exchange for file decryption or restoration.
REKT
A shorthand slang for “wrecked,” describing a bad loss in a trade.
ROI
Short for “Return on Investment,” the ratio between the net profit and cost of investing.
Rug Pull
A rug pull is a type of scam where developers abandon a project and take their investors’ money.
Satoshi (SATS)
The smallest unit of bitcoin with a value of 0.00000001 BTC.
Seed Phrase
A single starting point when deriving keys for a deterministic wallet.
Shilling
The act of enthusiastically promoting a cryptocurrency or ICO project.
Shitcoin
A coin with no obvious potential value or usage.
Slippage
Slippage happens when traders have to settle for a different price than what they initially requested due to a price movement.
Smart Contract
A smart contract is a computer protocol intended to facilitate, verify or enforce a contract on the blockchain without third parties.
Stablecoin
A cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency.
Staking
Participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards.
Stop-Loss Order
A stop-loss order in trading allows investors to determine the lowest price at which they are willing to sell an asset and trigger an automatic sell order when and if this price is reached.
Total Supply
The total amount of coins in existence right now, minus any coins that have been verifiably burned. *see Circulating Supply and Max Supply.
Volatility
A statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index.
Whale
A term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market.
When Lambo
A phrase referring to when cryptocurrency holders will become rich enough to afford the purchase of a Lamborghini.
When Moon
A phrase used to ask when the price of cryptocurrencies will explode.
Whitepaper
A document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.

Join the discussion

  1. Pingback: Learn cryptos: Understand cryptocurrency white papers quickly - Trending Crypto News

Leave a Reply

Your email address will not be published.

back to top