Here is a look at some of the most commonly used list of cryptocurrency glossary:
It represents date for the past 24 hours
It talks about data for the past 7 days
This term is used if more than 50% of the mining hash rate or computer power available on the entire network is managed by a single person or a single entity. In other words it means that the entity or the individual has total control of the network. This can have a negative impact on the cryptocurrency and they could take over mining operations. They or the individual can also stop or even change transactions and indulge in double-spending of coins.
This is a place where one can send and receive cryptocurrencies. It could be in the form of numbers and letters. These addresses are often share publicly. It is done in the form of QR Code or text and those who want to send cryptocurrency can make use of it.
This is basically a marketing campaign that is about distributing specific token or cryptocurrency to a specific audience. This is generally done by the person who creates the cryptocurrency. This is done for building popularity and encouraging use of the specific token or coins. These campaigns are run with the help of mechanics and could include receipt of tokens or coins for sharing news, downloading an app or referring to friends.
These are set or rules or processes that are followed for calculations, or whenever there is a need to solve some problems. These are of course done by computers but human intervention is also there to ensure that the steps are followed algorithmically. It is akin to following a recipe making or doing a math.
As the phrase indicates, all-time-high is the highest point the cryptocurrency has seen in terms of price and also market capitalization. This is exact opposite of all time low.
Since bitcoin was the first cryptocurrency, all other cryptocurrencies that came into being were referred to as alcoins or alternative coins.
This is basically a political philosophy and perhaps a school of thought. This believes in favoring removal of centralized states and replacing them with self-ownership, free markets and private property. Those who supported Bitcoin when it was first launched believed in the theory of anarcho-capitalism. They firmly believed that this would give control and power back to the masses.
These are basically a set of laws that have been enacted internationally. The main purpose is to stop criminal individuals and organizations from laundering money using cryptocurrencies as a tool and converting it into real cash.
When we talk about API or application programming interface we are referring to a set of protocols, routines, and tools. These are used for building various software applications. These applications show the users as to how various software components should react and what type of data should be used and what actions should one take.
It is a situation when a buyer loses all money shorting bitcoin. This term was coined based on the real life story of a Romanian trader. He continued with the process of shorting bitcoin especially when it went up from $300 to $500. He did so because he made big money previously and believed that he could make up the losses suffered by shorting. However, this did not work out and he lost everything. Hence, Ashdrake is used to remind traders about the right strategy.
This is basically a deceptive practice. Here the sponsor is hidden or masked. It is made to look that the marketing message has arrived and there is support for the community which perhaps it is not.
Through this arrangement people directly exchange one type of cryptocurrency in exchange for another using a different blockchain. Off-chain is also used where there is no need for centralized exchange or intermediary.
Attestation ledger is basically an account book. It is designed to give evidence for each and every individual transaction. It comes in handy when there is a need for attestation about a financial transaction having taken place or when there is a need for proving the authenticity of certain products and transactions.
A bagholder is a person who has bags or large quantities of cryptocurrency. They are the ones who are talked about a lot when the prices of cryptocurrencies are declining.
It refers to a person is who is not upbeat about market prices and believes that it will decline. He is somebody who is not bullish rather bearish about the price of the market.
This is a document that takes into account the technical design and provides information to the entire Bitcoin Community. It details new features or features that are still being proposed. It also talks about environments and processes that could impact the Bitcoin protocol. The BIP author usually is the person responsible for getting feedback and gaining consensus for the various suggested improvements. He or she also notes opinions that are dissenting in nature.
This is a business license that is given to various cryptocurrency companies in New York. It is managed and monitored by the NYSDFS or New York State Department of Financial Services.
This is basically a sub-unit of one bit coin. It would be pertinent to understand that there are 1,000,000 bits that make up one bitcoin.
Block is a collection of transactions or a container that occur over each time period on a blockchain.
When we refer to a blockchain we talk about an append-only, and refer to continuously growing list of records. These are linked and are also secured using the best of cryptography techniques.
This is basically an online tool that is used to view various transactions that take place in a blockchain. It also gives other details such as transaction growth, network hash and also other useful and pertinent information.
These are automated trading software solutions. They help in executing trade orders rapidly and use various preset algorithms as far as buying and selling rules are concerned.
This is basically a case of trial and error method. In this method the automated software is capable of generating a trying out a large number of permutations and combinations so that it becomes possible to crack a code or key.
This is about a situation where market drives prices much above their value. This is then followed by a rapid and steep drop in prices as and when the market corrects.
Bull is a person who is optimistic and upbeat that market prices will increase. His is somebody who is known to be bullish about the market or price.
This is a situation where a limit of price has been placed for buying a reasonably large quantity of cryptocurrencies. This is often used by traders for the purpose of creating an impression in the market that keeps the cryptocurrencies from slipping below a certain value. This is because demand in such a situation will most likely be bigger than supply.
Burned cryptocurrencies are those that have become permanently unusable and unspendable.
This is a unique problem that is specific only to cryptocurrencies. This happens when consensus from each and every member of a party cannot be verified or cannot be believed. This often happens in a battlefield when all the generals have to come out with a unanimous and totally accepted strategy. However, there could be situations where the generals might vote falsely and also deliver false votes. In a cryptocurrency environment this could lead to network failure.
This is a graphing technique that is used to represent changes in price over a period of time. Each candle comes with 4 different points of information and these include closing price, opening price high and low.
All bitcoin transactions are made from outputs and inputs and there is something called unspent transaction output. When bitcoins are send, it can be sent only as a whole output and the unspent ones are send back as change.
This is the best possible approximation of number of coins that keep circulating in the market and also those that are in the hands of the public.
This is referred to a process called remote processed power mining and they are done using the resources from countries like Iceland. Here electricity is abundant and it is also cheap. We need to understand the mining of coins requires lot of power and therefore cost of power is an important consideration.
When we refer to coin we are talking about a cryptocurrency that can be operated independently.
This was designed first when Bitcoin was first introduced. This is basically a transaction that is compulsorily included in a block. The output of the same decides where it has to be sent. When you use a bitcoin system, you have a coinbase that comes with a 100 byte size input. In such a situation, the messages can be made a part of it or it can be used also as an extra nonce.
This refers to a medium of exchange that is done digitally. It is done using strong cryptography. This helps in securing each and every financial transaction and also helps in controlling and also controls the making of additional units. It also is useful for verifying the transfer of assets.
He or she basically is an activist who teaches and talks about the adoption of large scale and very strong solutions that are cryptographic in nature. They also talk about technologies that are privacy-enhancing so that it could lead to used for political as well and social progress.
This is a term that is used whenever ICOs put their tokens up for sale.
Decentralized is a term that refers to the system property where actors and nodes work in tandem and in a distributed fashion so that they are able to achieve the global goal.
This is a process where data that has become unreadable is transformed back through and restored to its unencrypted form.
Derivative is a contract that gets it value out of the performance of the underlying asset, interest rate or index
This is an intangible asset that gets transferred electronically and it comes with a certain value attached to it.
This is also referred to as digital money and some also called it as electronic money or even as electronic currency. It is a special type of currency and it available only in the digital form. It permits borderless transfer of ownership and also allows transactions to happen almost instantaneously.
Digital code is generated using key encryption technology. It is attached to a document that is electronically transmitted so that the contents can be verified and the sender’s identity can also be established.
This is basically an agreement that is collective in nature where various computers belonging to the network take part. This enables each one of them to work in a decentralized manner because there is no central authority behind it.
This is a contractual agreement, where a third party is the recipient and distributor of money or even documents on behalf of the transacting parties. The disbursements will however, be dependent on condition that has been agreed by the various transacting parties. This can be automated making use of smart contracts using blockchain technology.
This is a form of digital payment system that is used for distribution application platform known by the name Ethereum. This is done for the purpose incentivizing machines and helping them to execute the operations that are required.
These are also referred to as cryptocurrency exchanges and many also call it as digital currency exchanges. They are businesses that permit customers to engage in trading of cryptocurrencies in exchange of fiat money or other forms of cryptocurrencies.
This is basically a legal tender currency that is backed by central governments such as Federal Reserve. The banking system also backs Fiats. It could be in the form of physical cash or it also could be represented electronically as is the case with bank credit.
This is basically a minnow, who has small amounts of cryptocurrencies. These owners are regularly under the threat of whales who are the ones who move the market down and up.
This is basically the acronym for “fear of missing out”. In the context of investing, it refers to a feeling of apprehension because of the fear of missing out on an investment that could be profitable and then crying later over spilt milk.
They are nodes that help to download the entire history of the blockchain so that the rules can be observed and enforced by the various stakeholders.
This is a contact which forms part of a standard legal agreement. It is a futures contract to sell or buy a specific commodity or asset at a price that is predetermined for execution at a later time in the future. They are not the same as forward contracts and it is possible to customize each trade and the same can be conducted over the counter rather than being traded on an exchange.
This is a token or coin that is issued and something that represents the value of gold. It could be one coin being equal to one gram of gold and so on. The gold is stored safely and can be used for trading with other coin holders.
Hard Cap is the maximum amount that can be raised by an ICO. Once this figure is reached, no more funds would be required to be collected.
This is basically a protocol change that helps to validate all the previous transactions that have become invalid. It also invalidates all transactions that might have been previously validated. This requires the users to upgrade their nodes to the latest version as far as the software is concerned. In a hard fork, single cryptocurrency is permanently split into two and this result in the creation of one blockchain. This follows the old protocol. The other one that follows belongs to the newest protocol. There are many examples and these include Bitcoin Cash, Bitcoin, Ethereum Classic or Ethereum.
Hidden cap refers to the unspecified limit as far as the amount of money that a team decides to elect from investors in its ICO or Initial Coin Offering. The main objective of hidden cap is to ensure that give a level playing field where smaller investors can put in their money. It prevents the large investors from having an accurate understanding of the total cap and in the process being in a position to adjust the overall result.
This is basically an umbrella project of open source blockchains and also other tools that are related to blockchains. This was started first by Linux Foundation in the year 2015 with the objective of supporting collaborative development of distributed ledgers that work on blockchain technology.
This is a type of crowdsale, or crowdfunding that makes use of cryptocurrencies. This is used as a means to bring in capital for companies that are in the early-stage. However, it has had its own share of problems because of market manipulation and other types of scams.
This is similar to ICOs but the focus is more on the offering of tokens that come with a proven or unproven utility. This is in the form of usage of software in an ecosystem.
This is a limited-time process through which new cryptocurrencies are made known to the public. These are then distributed to those who are ready to invest time and skill and convert them into rewards in these new cryptocurrencies. These could include marketing and doing translation. This is slightly different from ICO or Initial Coin Offering. In an ICO coins can be bought. However, IBO is a more complex task and requires more mental effort and commitment as far as the receivers are concerned.
This is basically a time period that comes shortly after launch. This happens when a significant portion of total mineable coins have to be mined within a pre-determined time period. These are then quickly and perhaps even unevenly distributed to the investors.
This is the opposite of FOMO and is the acronym for the term Joy of Missing Out. These are perhaps the ones that are applicable to no-coiners. They are very open when they declare their happiness because they are not into the game of cryptocurrencies. This happens when the prices are declining or when a scam ICO has come to the fore.
We all know that KYC stands as the acronym for Know Your Customer. This process is about the financial institution’s obligation or a project’s obligation to ensure that the identity of a customer is established and is in line with global laws that are in place to prevent money-laundering and other such illegal economic activities.
This is a record of all financial transactions, which once recorded, cannot be changed. New transactions can only be appended.
This is basically a long that is offered by broker and it is available on an exchange. It happens during margin trading and helps in increasing the availability of funds during trading sessions.
These are orders placed by traders for the purpose of buying or selling a cryptocurrency as and when a certain price has been reached. This contrasts well with market orders that make a cryptocurrency to be sold at the best available prices.
This term is used to define the ease with which a cryptocurrency can be bought or sold without causing too much impact to the overall market price.
This is a situation where you purchase cryptocurrencies with the hope that you will sell it at a higher price with a profit margin later.
This is basically a place, arena or area and it could be offline or online. This is a place where commercial dealings are conducted. These are generally referred to as crypto market and it refers to cumulative cryptocurrencies and various projects that operate within the industry.
This is nothing but the total capitalization of the price of cryptocurrency. It is a way by which the cryptocurrencies are ranked in relation to the size of the cryptocurrencies.
This refers to the sale or purchase of a cryptocurrency on an exchange based on the best available price. The market orders get filled when buyers and sellers are ready to trade and take risks. This contrasts with limit orders where the cryptocurrencies are sold only at a specified price.
This is common practice where traders use borrowed fund, mostly from brokers, for the purpose of trading a cryptocurrency. The cryptocurrencies that are used for borrowing money forms the collateral for the loan as far as the broker is concerned. It should be done carefully and with caution. New and inexperienced players could be made to suffer big losses if the market moves the opposite way than what they may have predicted.
This is a business model where each and every small payment can be made by exchanging it for common digital goods and services. These could be compared to pages in an ebook or the various items in a game.
There are a few cryptocurrencies where there is a system by which miners can earn rewards. This is by way of newly created cryptocurrencies for the creation of blocks. This is done by their contribution of hash power. Cryptocurrencies that have the ability to general new cryptos using a process of confirmation are said to be mineable options.
They are entities that contribute to a blockchain by being a part of process of mining. They could professional miners or could also be organizations that have large-scale operations. They also could be hobbyists that set up mining rigs whether it is at home or in the office.
This is a process where blocks get added to an existing blockchain after the necessary verifications are done. It also is a process by which new bitcoins or even some altcoins are created.
This basically is a setup where many miners put their effort together and their computing power is used. This is done to take advantage of economies of scale and competitiveness so that the next block on a blockchain is found out. The rewards are split according to various agreements and it depends on the mining pool. This also is referred to as Group Mining.
These are rewards that originate from effort by various resources being put to use. These results in processing of transactions and the mining rewards are usually in the form of transaction fees or getting newly minted coins.
This is a computer that is used for mining. It could be a dedicated hardware system just for the purpose of mining. It also could be a computer that comes with spare capacity and which can also be used for other tasks. In such hardware configurations, mining is done only part time.
Also known as seed phrase or mnemonic phrase, these are a list of words that are use in sequence. It is done for the purpose of accessing or restoring the cryptocurrency assets. It should be kept confidential and secret from others. This is the standard in almost all HD wallets.
There could a continuous northward movement in cryptocurrency prices. These are often used in communities and find out as to when a cryptocurrency will move towards such a zone.
This refers to various nodes in operating a blockchain at any given point in time.
Whenever a transaction is hashed by miners, an arbitrary number to be used just once is generated. This is what is referred to nonce.
This is a currency that is not only minted on blockchain ledger but is also used on the blockchain ledger and these include examples like bitcoin.
This is the process of storing cryptocurrencies in various systems or devices that are connected to the internet. Online storage has its own advantages but also comes with the risk of pilferage and theft.
This refers to the opening price of a cryptocurrency during a time period. It could be during the start of the day and the price at which cryptocurrency closes at a time period and it could be at the end of the day. However, these terms may be more relevant in financial markets because there are fixed hours during which trading occurs.
It is a software solution that is released under a license. The holder of the copyright allows the user the rights to change, study and distribute the software to all and one for any purpose whatsoever. It is more of a philosophy where participants believe in open and free share of information for the cause of a greater good.
This is a contract where the buyer has the right but is not obligated to buy or sell an instrument or asset at a specified price. However, this could vary from continents. For example in American the buy option is available only before t
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