Glossary

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Crypto Glossary

A B C D E F G H I J K L

A

AirdropA crypto airdrop is a distribution of free tokens or coins to a specific group of individuals in the cryptocurrency space.

AlgorithmAn algorithm In the context of cryptocurrency is a predefined set of step-by-step instructions or rules designed to execute specific tasks or solve particular problems

B

Bid PriceThe bid price is the maximum price that a buyer is willing to pay for a particular digital asset or cryptocurrency at a given moment.

BlockchainBlockchain serves as a distributed and decentralized digital ledger, securely documenting transactions across a network of computers, creating an unalterable and transparent chain of blocks.

C

Cold StorageCold storage is a security practice of keeping private keys or crypto wallet information in an offline environment, enhancing protection against online threats like hacking or malware.

CryptocurrencyCryptocurrency is a virtual currency that utilizes cryptography for security and operates on decentralized networks, typically based on blockchain technology.

D

DecryptionDecryption is the process of converting encrypted data back into its original and understandable form, using a specific key.

DEXDEX, or Decentralized Exchange, is a type of cryptocurrency exchange that operates without a central authority or intermediary.

E

ETFETF is an Exchange Traded Fund, which is a type of investment fund that is traded on stock exchanges and can include stocks, bonds, cryptocurrencies, and other assets.

ExchangeA crypto exchange is a digital platform that allows you to buy and sell various cryptocurrencies.

F

FiatFiat is a type of currency issued by a government that is not backed by a physical commodity.

FuturesFutures in crypto are standardized financial contracts that obligate parties to buy or sell an asset at a predetermined date in the future and an agreed-upon price.

G

Golden CrossThe Golden Cross is a bullish technical pattern in crypto trading when a short-term moving average crosses a long-term moving average.

GovernanceGovernance refers to the decision-making processes and structures that guide the development and evolution of blockchain or other crypto projects.

H

Hard CapA hard cap is the maximum amount of a specific cryptocurrency that will ever be issued.

HashA hash is an output by a hash function that takes data and produces a string of characters, which is typically a sequence of numbers and letters.

I

ICOAn Initial Coin Offering (ICO) is a fundraising method used by emerging crypto projects that involves issuing and selling of new cryptocurrencies to investors to raise capital for development and implementation.

InteroperabilityInteroperability is the ability of different blockchain networks and their associated applications to seamlessly communicate, share data, and operate cohesively.

J

JOMOJOMO (Joy of Missing Out) is the satisfaction experienced by individuals who choose not to participate in crypto market activities, avoiding the associated stress and potential losses.

K

KeyloggerA keylogger is malicious software or hardware designed to record keystrokes on a user's computer, enabling attackers to capture sensitive information such as passwords, private keys, and other confidential data.

KYCKYC, or Know Your Customer, is the verification process implemented by exchanges and other platforms to collect and verify customer information.

L

Limit OrderA limit order is a specific type of trading order where a trader sets a predetermined price at which they are willing to buy or sell an asset.