CryptoLingo

2FA

Two–Factor Authentication (2FA) is a security measure that requires users to provide two separate forms of identification, typically a password and a unique code sent to a mobile device, to access an account or system.

51% ATTACK

A 51% attack occurs when a single entity or group gains control of more than half the total computational power on a blockchain network, enabling them to manipulate transactions, double-spend coins, and potentially compromise the network’s security and integrity.

ALTCOINS

Cryptocurrencies other than Bitcoin are considered altcoins.

AMMs

Automated Market Makers. These are decentralized exchange protocols that use algorithmic pricing mechanisms and liquidity pools to facilitate token swaps without the need for traditional order books, enabling efficient and decentralized trading.

ARBITRAGE

(In the context of flash loans) This refers to the practice of exploiting price differences for the same asset across different decentralized finance (DeFi) platforms. Traders use flash loans to borrow large sums of assets without collateral, execute trades to capitalize on price differentials, and then repay the loan within a single transaction. This rapid and risk-free borrowing allows traders to profit from market inefficiencies without the need for upfront capital.

ATH

All-Time High – The highest value a cryptocurrency or NFT has reached since its inception.

ATL

All-Time Low – The lowest value a cryptocurrency or NFT has reached since its inception.

BAG

Slang to indicate a larger holding of a certain cryptocurrency.

BAG HOLDER

Someone who holds a larger holding of a certain cryptocurrency despite the value being affected, albeit positive or negative.

BEARISH

‘Being’ bearish means having negative expectations about a certain thing. This can be about crypto or NFTs but also about the regular stock market. It means that you expect the value to go down.

BEAR MARKET

Market conditions in which the circumstances and outlook are negative. The market is going in a downward trend and there is little to no trust. For many, it is arguably a good accumulation period as the prices are low.

BITCOIN

Bitcoin, created in 2009 by Satoshi Nakamoto, is the first and most popular cryptocurrency, functioning on a decentralized network. Transactions are recorded on a public ledger, the blockchain, through mining. Its total supply is capped at 21 million coins, promoting scarcity and potential value growth. Bitcoin is recognized as a store of value, a medium of exchange, and a hedge against market volatility. More about Bitcoin.

BNB

BNB is the native token of Binance and their BNB Chain ecosystem, which includes BNB Smart Chain (BSC) and BNB Beacon Chain

BRIDGING FUNDS

Bridging means ‘to bridge’ over your cryptocurrency from one Network to another. For example, I can bridge Ethereum on the Ethereum network to Ethereum on the Polygon Network (albeit Wrapped Ether, it is Ether).

BSC

BSC stands for Binance Smart Chain or BNB Smart Chain. It is a fast and cheap blockchain to use and developed by Binance.

BTFD

Buy The F*@#ing Dip. A strategy for when a coin has crashed in value and you expect it to recover over time.

BULLISH

‘Being’ bullish means having positive expectations about a certain thing. This can be about crypto or NFTs but also about the regular stock market. It means that you expect the value to go up.

BULL MARKET

Market conditions in which the circumstances and outlook are positive. The market is going in an upward trend and there is a lot of trust. For many, it is arguably a good sell-off period as the prices are high and you are able to take profits.

CANDLESTICKS

Candlesticks are a certain visual technique to show 4 information points in one type of graph. You can see the opening price, closing price, high, and low of the stock/cryptocurrency you are analyzing.

CEFI

Centralized Finance. The traditional financial system where intermediaries like banks and brokerage firms facilitate transactions and manage assets, relying on centralized entities rather than decentralized blockchain networks..

CEX

Centralized Exchange. A digital platform that facilitates the buying, selling, and trading of cryptocurrencies. It operates with a centralized authority managing the exchange, providing users with high liquidity, user-friendly interfaces, and customer support, but also requiring users to trust the platform with their funds.

CLONE SCAM

A clone scam involves fraudulent projects mimicking the branding, features, or identity of reputable and established projects to deceive investors into participating, leading to potential financial losses.

COIN

A digital currency that natively operates on its own blockchain. Distinct from a token, which is built on an existing blockchain.

COINGECKO

A popular cryptocurrency data platform providing comprehensive information, including prices, market capitalization, and trading volumes, for various digital assets.

COINMARKETCAP

A popular cryptocurrency data platform providing comprehensive information, including prices, market capitalization, and trading volumes, for various digital assets.

COLLATERALIZED LOANS

Collateralized loans in CeFi involve borrowers providing assets as collateral to secure loans, allowing them to access liquidity while mitigating lender risk.

COLLATERAL SWAPPING

(In the context of flash loans) To perform complex financial maneuvers by leveraging different assets as collateral. Traders can borrow assets with no collateral, swap them for other assets on decentralized exchanges, participate in liquidity pools or yield farming strategies, and then return the borrowed funds—all within the same transaction. By creatively managing collateral, traders can maximize returns and mitigate risks in decentralized finance activities.

CROSS-CHAIN

Cross-chain refers to the ability of assets or data to move between different blockchain networks seamlessly. To move my ETH from the Binance Smart Chain to Ethereum, I need to make a Cross-chain transaction.

CryptoNote

CryptoNote is a cutting-edge protocol for cryptocurrencies, tackling Bitcoin’s traceability issues. It also introduces a novel approach to the proof-of-work function, enhancing privacy and security.

CRYPTO-CURRENCY

Cryptocurrency is a digital or virtual form of currency secured by cryptography and decentralized ledger technology, enabling secure and transparent transactions either peer-to-peer, through an exchange, or other intermediaries.

DAO

DAO stands for Decentralized Autonomous Organization. This is a community-driven entity governed by smart contracts, enabling decentralized decision-making and resource management.

DAPPS

A dApp, or decentralized application, flips the script on traditional applications by engaging directly with the blockchain instead of central company servers. This transformative approach empowers users to establish agreements and transactions without the need for intermediaries or third parties.

DCA

An investment strategy where an investor buys a fixed dollar amount of a particular investment regularly, regardless of its fluctuating price, aiming to reduce the impact of market volatility over time.

DEFI

Decentralized Finance. An app or tool that operates without a centralized authority. These apps or tools often offer services such as investing, exchanging, or lending crypto assets.

DEFLATION

Deflation is a general decline in prices for goods and services in an economy, often associated with a contraction in the supply of money and credit in the economy.

DEX

A Decentralized Exchange, is a digital marketplace that operates without a central authority, enabling peer-to-peer cryptocurrency trading while maintaining user control over their funds.

DLT

Distributed Ledger Technology, a fancy description of Blockchain.

DUMP

To sell off large quantities of cryptocurrencies. To dump your holdings.

DYOR

Do Your Own Research. It’s an often repeated term in many places and holds a lot of value. When you do your research, you come to better investment decisions. It is better to spend time and save money than to save time and lose money. More about DYOR.

ERC

ERC stands for Ethereum Request for Comment, and it refers to a set of standards or guidelines for the Ethereum blockchain.

ERC-20

The most well-known and widely used standard for fungible assets on the Ethereum blockchain. ERC-20 defines a set of rules for creating tokens that are interchangeable with each other.

ERC-223

A backward-compatible improvement to ERC-20, ERC-223 aims to prevent the accidental loss of tokens during transactions to contracts that are not designed to handle them.

ERC-621

An extension of ERC-20, ERC-621 introduces the capability to increase or decrease the total supply of tokens after deployment.

ERC-721

Known for non-fungible tokens (NFTs), ERC-721 sets the standard for unique tokens, where each token has distinct properties and cannot be exchanged on a one-to-one basis.

ERC-777

An improved version of ERC-20, ERC-777 introduces advanced features such as sending tokens to contracts with a single transaction and better control over token movements.

ERC-827

This standard extends ERC-20 to include approved operators that can spend tokens on behalf of token holders.

ERC-1155

A multi-token standard that can represent both fungible and non-fungible assets within the same contract. It offers more flexibility and efficiency for managing various types of tokens.

ERC-1400

A standard for security tokens on the Ethereum blockchain, providing a framework for tokenizing assets while complying with regulatory requirements.

ESCROW

a financial arrangement where a third party temporarily holds and regulates the payment of funds required for two parties involved in a given transaction.

ETHEREUM

Ethereum operates as a blockchain utilizing its native cryptocurrency, Ether (ETH). It facilitates the development of decentralized applications, expanding its utility beyond mining to encompass decentralized financial services, gaming platforms, and other decentralized applications. More about Ethereum.

ENS

Ethereum Name Service. A decentralized domain name system built on the Ethereum blockchain, allowing users to replace complex Ethereum addresses with human-readable names.

EVM

The Ethereum Virtual Machine is a piece of software that executes smart contracts and computes the state of the Ethereum network after each new block is added to the chain. The EVM sits on top of Ethereum’s hardware and node network layer.

EXCHANGE

An exchange is a platform or marketplace where assets such as cryptocurrencies, stocks, or commodities are bought, sold, or traded between parties, facilitating price discovery and liquidity provision.

FIAT

No not the car maker. Fiat in the financial world refers to our traditional valuta such as USD or EUR.

FOMO

Fear Of Missing Out. This is a very common term when you are in the bull market and assets are skyrocketing. You want to buy more in case it goes even higher because you are afraid that it will get even higher and otherwise would miss out. This is a very good way (sarcasm) to lose a lot of money.

FUD

Fear, Uncertainty, and Doubt. This term is often used by people who are dealing with people who are pessimistic about certain cryptocurrencies or NFT projects and are vocal about this.

GAS

Gas is used to express the transaction fees on the blockchains. No matter if you speak about Ethereum, Polygon, or other blockchain, in general, gas is the fee required to make sure your transaction will happen. Gas is used to burn a % of the token (depending on the blockchain), and a % goes to the miners if the consensus is as such. This helps to keep the Blockchain safe.

GAS LIMIT

The maximum fee you are willing to pay for your transaction. It is always wise to double-check your Gas Limit to prevent overspending.

GENESIS BLOCK

The first ever block minted on the Blockchain is called the Genesis Block. It is also known as Block 0 or Block 1. Every (new) blockchain will have a Genesis Block.

GOLDEN CROSS

Golden Cross is considered a bullish pattern where the shorter-term moving average (an indicator) crosses the longer-term moving average (another indicator):

GOVERNANCE

The mechanisms of how decisions are made and actions are taken within a decentralized network or organization, often involving token holders who participate in voting and decision-making protocols to shape the future of the platform.

GWEI

GWEI is used to indicate a small denomination of crypto, generally speaking on the Ethereum blockchain. Gas fees are indicated in GWEI depending on how congested the network is. A busy network results often in higher fees.

HACKER

An individual with malicious intent. A hacker as advanced understanding of networks and computers, in which they can leverage weak points to access your funds. Cybersecurity experts can also be called hackers, but often are referred to as Ethical Hacker.

HALVING

The term halving is related to Bitcoin. Bitcoin works on a proof-of-work consensus, which will reward miners for their ‘proof’ generation (mining). Every block mined rewards Bitcoin as an incentive. Halving refers to this reward being halved every so many years.

HARD FORK

A hard fork is when the blockchain splits into two separate paths because of a change in protocol, making previous transactions invalid on one of the paths and continuing on the other.

HASH

A hash is a fixed-size string generated by a hash function, used to uniquely identify data. It’s a one-way process, making it virtually impossible to reverse-engineer the original data from the hash.

HODL

Hold On for Dear Life. A way to describe you are not planning on selling any of your portfolio of a specific coin or NFT. Example: “I will HODL Bitcoin”.

HONEY POT

A honeypot scam is a deceitful strategy where a project or smart contract lures investors by promising high returns, only to trap and exploit them by withholding funds or causing substantial losses.

HYPE

Hype in crypto is the exaggerated enthusiasm and attention surrounding certain assets or developments, often characterized by speculative fervor and heightened market activity. You experience this in the Bull Market. We have witnessed various hypes, the feeling is indescribable when the market just goes up and up. But don’t get fooled, take profits along the route!

ICO

Initial Coin Offering. A fundraising method where a project issues and sells its own tokens to investors to fund the development and launch of a new blockchain or decentralized application.

IDO

Initial DEX Offering. An IDO is a decentralized fundraising method conducted on a decentralized exchange (DEX), allowing investors to purchase tokens directly through the exchange, often using liquidity pools or other decentralized mechanisms.

IEO

Initial Exchange Offering. An IEO is a fundraising method facilitated by a centralized cryptocurrency exchange, where the exchange acts as an intermediary between the project and investors, conducting the token sale on its platform.

IMPERTINENT LOSS

Impermanent loss refers to the temporary decrease in value experienced by liquidity providers in decentralized exchanges due to fluctuations in the prices of the assets they have provided. For example, you provide liquidity for an Ethereum (ETH) and Bitcoin (BTC) pair on a decentralized exchange. If the price of Ethereum increases relative to Bitcoin after you provide liquidity, you may end up with more Bitcoin but less Ethereum compared to when you initially provided liquidity.

INDEX

The term index applies to regular stock exchanges as well as in the crypto industry. It is a financial instrument to track the value of an asset or multiple assets.

INFLATION

Inflation is reflected by a general increase in the prices of goods and services in an economy, resulting is less buying power for the consumers. In the financial world, inflation is an important marker.

IOT

Internet Of Things. A network of interconnected physical devices that communicate and exchange data with each other over the internet

IPO

Initial Public Offering. An IPO is a traditional fundraising method for companies, where shares of the company are sold to the public for the first time, providing investors with an opportunity to buy ownership stakes in the company.

JAGER

The smallest denomination of Binance Coin (BNB) is called Jager.

JAVASCRIPT

JavaScript is a versatile programming language commonly used for web development to create interactive and dynamic content on websites or interaction with Blockchains.

JOMO

Joy Of Missing Out. The opposite of FOMO. You are glad you didn’t buy in and are not suffering the crash which often occurs after a steep increase.

KEY PAIRS

A key pair is the combination of a public and private key. When you will create a crypto wallet, a pair of keys will be generated. The private key is the most important one and should be backed up safely and not shared with anyone, whilst the public key can be given out to anyone who wants to send you funds.

KIMCHI PREMIUM

The Kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin. It reflects market inefficiencies and potential arbitrage opportunities that can result from capital controls and regulatory differences. This is impacting South Korean traders negatively.

KYC

Know Your Customer. A law that crypto exchanges need to follow to identify their customers. Often ruled as an anti-fraud mechanism. In general, don’t throw around your identity documents, and make 100% sure you want to engage in the activities on the platforms requiring KYC.

LAYER 0

Understanding Layer 0 provides insights into the foundational elements that shape the overall characteristics and behavior of a blockchain. It is at this layer that the essential choices and configurations are made, laying the groundwork for the subsequent layers and contributing to the success and sustainability of the blockchain ecosystem.

LAYER 1

Layer 1 in blockchain focuses on the specific implementation of a blockchain network’s core features, such as its protocol, smart contracts, and consensus mechanism. It is where the unique characteristics of a blockchain system are defined, shaping its capabilities and determining how it functions as a decentralized and secure digital ledger.

LAYER 2

Layer 2 in blockchain is dedicated to improving the scalability and efficiency of blockchain networks by implementing solutions that operate on top of Layer 1. These solutions enable faster and more cost-effective transactions, making blockchain technology more practical for a wide range of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more.

LAYER 3

Layer 3 serves as a pivotal layer for specialization and interoperability, building upon the foundations laid by Layer 1 and Layer 2. By catering to specific application needs and facilitating seamless communication across diverse blockchain networks, Layer 3 charts the course for a scalable and interconnected future for decentralized technologies.

LIGHTNING NETWORK

A layer on the Bitcoin Blockchain. This layer is designed to scale the Bitcoin network. This way, many more transactions can be processed inside a block which makes the network faster and cheaper to use.

LIQUIDITY

Liquidity indicates how well you can convert an asset into cash or another asset without significantly affecting its price. High liquidity indicates that there is a large volume of trading activity. This means that transactions can be completed rapidly and at stable prices. Low liquidity means that buying or selling the asset might be more difficult and could cause greater price fluctuations.

LIQUIDITY PROVIDER

Entities or individuals that supply the necessary funds to facilitate the buying and selling of assets in a market, ensuring that transactions can occur smoothly and efficiently.

MAINNET

The mainnet is to the primary blockchain network where actual transactions and operations occur, representing the live and fully functional ecosystem of a cryptocurrency or decentralized application.

MAXIMUM SUPPLY

The maximum supply refers to the total number of coins or tokens that will ever be created for a particular cryptocurrency, establishing an upper limit on its circulating supply and influencing factors such as scarcity and inflation resistance.

METAMASK

One of the more frequently used EVM (Hot) Wallets.

MINING

Mining is the process of validating and recording transactions on a blockchain by solving complex cryptographic puzzles, thereby earning rewards in the form of cryptocurrency.

MOON

MOON in crypto jargon refers to a significant increase in the price of a cryptocurrency, often used to express optimism about its value skyrocketing. There are also crypto tokens called MOON, but in this case we refer to price optimism.

MULTISIG

Multi-signature is a security feature in cryptocurrencies that requires multiple private keys to authorize a transaction, enhancing security and mitigating risks of unauthorized access.

NFA

Not Financial Advice. This is a disclaimer indicating that the information provided should not be considered as professional financial investment guidance.

NFT

Non-Fungible Token. You can see this as a digital ownership of a collection. Because it is on the blockchain, it is unique, limited, and similar to cryptocurrency. More about NFTs.

NGMI

Not Going to Make It. It is internet slang often used in online crypto communities to express skepticism or doubt about the success of a particular project or investment.

NODE

A computer or device that participates in a blockchain network by maintaining a copy of the blockchain ledger and facilitating transaction validation.

NONCE

A number used in the mining process of proof-of-work cryptocurrencies, added to each block to create a hash below a target difficulty level.

OFF-CHAIN

Transactions or activities that occur outside of the blockchain network, often for scalability or privacy reasons, before being settled on-chain.

ON-CHAIN

Transactions or activities that are recorded directly on a blockchain, ensuring transparency, immutability, and security.

ON-CHAIN GOVERNANCE

A decentralized decision-making process conducted directly on a blockchain to manage protocol upgrades, funding, and other governance matters. Polkadot is strong with this for example.

OPEN SOURCE

Software or projects whose source code is made freely available for anyone to view, modify, and distribute, fostering collaboration and transparency within the development community.

OPENSEA

OpenSea is a leading NFT marketplace where users can buy, sell, and trade digital assets, including art, collectibles, and virtual real estate, on the Ethereum blockchain.

PAIR

A pair refers to a combination of two related assets, securities, currencies, or financial instruments that are traded together, often reflecting their relative value or performance against each other.

PARACHAIN

Parachains in Polkadot are independent blockchains that connect to the relay chain, allowing for interoperability and scalability within the network.

PEER-TO-PEER

A decentralized network architecture where participants interact directly with each other without the need for intermediaries, often used in cryptocurrency transactions.

PHISHING

Phishing is a fraudulent attempt to obtain sensitive information such as usernames, passwords, and credit card details by disguising as a trustworthy entity or impersonation of someone else, in electronic communication.

PLASMACHAIN

Plasma chains are a scaling solution for Ethereum that operates as a separate blockchain but is connected to the Ethereum mainnet, enabling faster and cheaper transactions while maintaining security through periodic validation on the Ethereum network.

PLOTTING

Plotting is the process in Proof of Capacity (PoC) where miners precompute and store large sets of cryptographic data, called plots, on their hard drives to be used for validating blocks.

PRIVATE KEY

A cryptographic key known only to the owner, used to sign transactions and control access to cryptocurrency holdings.

PROOF-OF-STAKE

A consensus mechanism in blockchain networks where validators are chosen to create and validate new blocks based on the amount of cryptocurrency they hold and are willing to “stake” as collateral. We have only highlighted the most common consensus mechanisms, on this page you will find all the consensus mechanisms.

PROOF-OF-WORK

A consensus mechanism in blockchain networks where miners compete to solve complex mathematical puzzles to validate and add new blocks to the blockchain, requiring significant computational power. We have only highlighted the most common consensus mechanisms, on this page you will find all the consensus mechanisms.

PUBLIC KEY

A cryptographic key derived from the private key, used to receive cryptocurrency transactions and verify digital signatures.

PUMP

The buying of large quantities of cryptocurrencies. This will increase (pump up) the price.

QR-CODE

A two-dimensional barcode that stores information, often used in cryptocurrency transactions to encode wallet addresses and other data for easy scanning. Example:

QUINTILLION

Some tokens have enormous market caps that you have to learn new numbers. A quintillion is represented as 1,000,000,000,000,000,000. How many zeros are in a quintillion? 18 zeros makes a quintillion.

QUANTUM COMPUTING

A field of computing that leverages the principles of quantum mechanics to perform calculations exponentially faster than classical computers, posing potential risks to traditional cryptographic algorithms used in cryptocurrencies.

REKT

REKT refers to a slang term used to describe significant losses or failure, often associated with poor investment decisions or market volatility.

ROI

ROI = ((Final Value - Initial Investment) / Initial Investment) x 100

Return On Investment. The calculation is as above 👆.
For example, if you have invested $ 100 and you take out a total of $ 142, it means $ 42 profit. The ROI is then:
( ( 142 – 100 ) / 100 ) * 100 = 42%

ROLL-UPS

Layer 2 roll-ups are like turbochargers for your layer 1 blockchain. They handle smaller tasks off the main stage, speeding up transactions and reducing fees, giving your blockchain an extra boost for a smoother and more efficient experience.

RPC

Remote Procedure Call, allows users to interact with blockchain networks, such as Ethereum, by sending requests for specific actions like querying data or executing transactions, often used with wallets like MetaMask for custom network access.

RUG PULL

A rug pull refers to a deceptive and sudden maneuver by the project developer(s) or liquidity provider(s), causing a significant and intentional decline in the value of a token or coin, resulting in financial losses for the most unsuspecting investors.

SATOSHI

A Satoshi is the smallest unit of Bitcoin, representing one hundred millionth of a single Bitcoin (0.00000001 BTC).

SATOSHI NAKAMOTO

The pseudonym of the creator(s) behind Bitcoin, their true identity still remains a mystery today despite several attempts to solve this ongoing riddle.

SCAM

Scams are deceptive schemes or fraudulent activities aimed at tricking investors into sending funds or providing sensitive information under false pretenses, often resulting in financial loss or theft.

SCALABILITY

Scalability refers to a blockchain’s ability to handle increasing transaction volume without compromising its performance or efficiency.

SCAM COIN

Developers create these coins with the narrative of get rich quick, while all their intention is to dump the token once they have achieved their Scam goal.

SECURE ELEMENT

A special hardware chip that runs applications. For example Cold wallet providers use this to enhance the security of the hardware, while keeping the interaction with the blockchain relatively user friendly.

SEED PHRASE

Your (secret) seed phrase is your main password to gain full control of your wallet. If you lose it, you also lose access yourself. Therefore, it is important to properly back up your seed phrase. Don’t share it with anyone, period.

SELF-CUSTODY

Self-custody refers to the practice of individuals directly managing and securing their own cryptocurrency assets without relying on third-party custodians or exchanges.

SEMANTIC WEB

The semantic web is using blockchain technology and smart contracts to create a more intelligent and efficient internet where data is structured and interconnected, allowing for automated transactions and enhanced security.

SIDECHAINS

Sidechains are independent blockchains that run in parallel to the main blockchain, enabling faster and more scalable transactions while still being interoperable with the main chain.

SHARDING

Sharding involves partitioning the network into smaller groups called shards to increase transaction throughput and scalability. Each shard can process its own transactions independently, enhancing the overall efficiency of the network.

SHILLING

Promoting a cryptocurrency or project for personal gain without disclosing vested interests.

SLASHING

Slashing is a penalty mechanism in Proof of Stake (PoS) systems that confiscates a portion of a validator’s staked assets if they engage in malicious behavior or fail to perform their duties correctly, ensuring network integrity and security.

STAKING

Staking involves actively participating in a blockchain network by locking up cryptocurrency to support network operations and validate transactions, earning rewards in return.

STATE CHANNEL

State channels are off-chain protocols that allow parties to conduct multiple transactions privately and instantaneously, with final settlement recorded on the underlying blockchain.

SWAPPING

Exchanging one cryptocurrency for another, typically facilitated by decentralized or centralized exchanges.

SYBIL

A type of attack where a malicious actor creates multiple fake identities or nodes to gain undue influence or disrupt the operations of a network.

TANK

No, not the association you have with the army vehicles. Tank in Crypto Lingo means that a particular crypto suffers a strong negative financial performance.

TESTNET

A testnet is a parallel blockchain network used for testing and experimentation purposes, allowing developers to trial new features and functionalities without risking real assets or disrupting the mainnet.

TOKEN

A token represents a tradable digital asset or utility, typically built on a blockchain platform (e.g. Ethereum /Polygon), and can serve various purposes such as access to services, holding value, voting rights, or representing ownership.

TOKENOMICS

Crypto tokenomics refers to the economics and mechanics governing the creation, distribution, and value of a cryptocurrency token within a blockchain ecosystem.

TOTAL SUPPLY

The maximum amount of a cryptocurrency that will ever exist. The total supply of Bitcoin is 21 Million. Another word for this is Maximum Supply. There is also total circulating supply, which refers to the minted tokens in circulation. A maximum supply can be higher than the circulating supply, but never the other way around.

TXN

Transactions. TX hash means transaction hash.

UNREALIZED PROFIT OR LOSS

Unrealized profit and loss refers to the potential gains or losses on an investment that have not yet been realized through selling the asset, remaining speculative until the position is closed.

UNREGULATED

No centralized authority or governing intuition is involved with the instance that would be unregulated.

USE CASE

A use case refers to the specific application or purpose for which a cryptocurrency, blockchain technology, or related project is designed and utilized within the digital ecosystem.

UTILITY TOKEN

A utility token represents digital assets that grant access to specific products, services, or functionalities within a blockchain ecosystem, distinguishing it from other types like security tokens.

VALIDATOR

Node in a blockchain network responsible for verifying and validating transactions.

VIRUS

Malicious software designed to disrupt, damage, or gain unauthorized access to computer systems.

VOLATILITY

Measure of how much the price of a cryptocurrency fluctuates over time.

WALLET

Software or hardware used to store, send, and receive cryptocurrencies. More about wallets.

WAGMI

We’re All Gonna Make It. It shows the optimism of people with certain coin investment about their potential profits in crypto.

WASH TRADE

Wash trades are artificial transactions where the same entity buys and sells an asset to create the illusion of trading activity, often to manipulate market prices or volume metrics.

WATCH LIST

1. List of cryptocurrency addresses or transactions under surveillance for suspicious activity. 2. List of cryptocurrencies you are tracking on platforms such as Coinmarketcap or Coingecko.

WEB1

Early stage of the World Wide Web characterized by static web pages and limited interactivity. WEB1 Explained.

WEB2

Current stage of the internet marked by dynamic content, user-generated data, and social media. WEB2 Explained.

WEB3

(Future) vision of the internet focused on decentralization, privacy, and user control enabled by blockchain technology. WEB3 Explained.

WHALE

Individual or entity that holds a large amount of cryptocurrency.

WHITELIST

List of approved participants eligible to participate in an initial coin offering (ICO) or token sale.

WHITEPAPER

Project developers release a whitepaper, a comprehensive document that outlines the technical details, objectives, and mechanisms of a particular blockchain or token project, serving as a foundational guide for potential investors and participants.

WRAPPING

Converting a native cryptocurrency into a token on another blockchain allows it to be used in decentralized applications and smart contracts within that ecosystem while maintaining its value and properties.

XBT

Alternative abbreviation for Bitcoin, derived from the currency code BTC.

XRP

Cryptocurrency associated with the Ripple payment protocol, designed for fast and low-cost cross-border transactions.

YIELD FARMING

Strategy where investors lock up funds in decentralized finance (DeFi) protocols to earn rewards.

YIELD SENSITIVITY

Measure of how sensitive the value of an investment is to changes in its yield. Important to understand for Yield Farming.

YTD

Year to Date. Indicator of the performance of an investment from the beginning of the current year.

ZERO CONFIRMATION

A transaction which has been recorded on the Blockchain, but not yet verified by its consensus mechanism.

ZERO-KNOWLEDGE PROOFS

Zero-knowledge proofs are cryptographic protocols that allow one party to prove the validity of a statement without revealing any information beyond the statement’s truthfulness.

ZK-ROLLUP

ZK-Rollup is a layer 2 scaling solution for Ethereum that aggregates multiple transactions into a single proof, leveraging zero-knowledge proofs to enhance scalability and reduce transaction costs.