Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Investment

A Glossary of Common Crypto Terms

admin by admin
August 3, 2022
in Investment


Advertising Disclosure
This article/post contains references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services

If you’re new to the crypto world, you may be feeling a little overwhelmed. Don’t worry, you’re not alone!

Cryptocurrency is a complex topic with its own unique vocabulary. In this article, we will define some of the most common crypto terms so that you can join the conversation!

The Most Common Crypto Terms & Definitions

Airdrop: crypto slang for a free distribution of coins or tokens.

Altcoin: any crypto coin other than Bitcoin.

Bear market: a period of time in which crypto prices are falling.

Bitcoin: the first and most well-known cryptocurrency, created in 2009.

Blockchain: a digital ledger of all crypto transactions.

Bull market: a period of time in which crypto prices are rising.

Centralized exchange: a type of crypto exchange where trade orders are processed by a company or organization.

Cryptocurrency: a digital or virtual currency that uses cryptography to secure its transactions.

Cryptojacking: the unauthorized use of someone else’s computer to mine crypto.

Crypto lending: the practice of lending crypto to earn interest income.

Crypto wallet: a digital or physical storage device for cryptocurrency.

dApp: a decentralized application that runs on a blockchain.

Decentralized exchange: a type of crypto exchange where orders are processed directly between users, without the need for an intermediary.

Decentralized finance (DeFi): financial applications, often built on Ethereum, that are running on the decentralized web.

Distributed ledger: a digital database that is shared across a network of computers.

Ethereum: a blockchain platform that runs smart contracts.

Ether: the native crypto token of the Ethereum network.

Exchange: a platform where users can buy and sell cryptocurrency.

Fiat currency: traditional government-issued currency, such as the US dollar.

Governance token: crypto tokens that give holders voting rights on a blockchain protocol.

HODL: crypto slang for holding onto your coins or tokens for a long-term investment.

Initial Coin Offering (ICO): a fundraising event in which a coin becomes available to purchase for the first time

Know Your Customer/Anti-Money Laundering (KYC/AML): the process of verifying the identity of a customer and preventing money laundering.

Liquidity: the ability of an asset to be bought or sold quickly and easily.

Market cap: the total value of all coins or tokens in circulation.

Mining: the process of verifying and adding crypto transactions to the blockchain.

Mooning: crypto slang for a sharp increase in price.

Private key: a secret piece of code that allows crypto holders to access their funds.

Public key: a piece of code that allows crypto holders to receive funds.

Security token: crypto token that represent an investment in a company or project.

Smart contract: a self-executing contract written in code that lives on a blockchain.

Stablecoin: a crypto coin that is pegged to a fiat currency or asset to minimize price volatility.

Staking: crypto slang for holding crypto in a wallet to support the network.

Synthetic crypto: crypto tokens that are backed by real-world assets.

Token: a unit of value on a crypto platform, such as Ethereum.

Trading pairs: the two cryptocurrencies or tokens that are being traded on an exchange.

Utility token: crypto tokens that give users access to a product or service.

Pump and dump: crypto slang for artificially inflating the price of an asset followed by selling it.

Non-fungible token (NFT): a crypto token that represents a unique, indivisible asset.

Wrapped crypto: crypto tokens that are backed by another cryptocurrency.

Whales: large crypto investors who can influence the market.

Whitelist: a list of people who are allowed to participate in a token sale.

51% attack: a type of crypto hacking in which an attacker controls more than 50% of the network.

Final Thoughts

Hopefully this article has helped you feel more confident about exploring the world of crypto for yourself. Remember, there is no such thing as a stupid question – so don’t be afraid to ask!

Ready to start investing in crypto? Read these guides first >>>

Readers: what crypto terms do you hear most often? What’s another definition we should add to the list?



Source link

Previous Post

Investment Benefits: Reasons & Importance of Investments | Chapter 3

Next Post

MicroStrategy stock MSTR hits 3-month high after CEO’s exit

Next Post

MicroStrategy stock MSTR hits 3-month high after CEO's exit

Recommended

Passive Management: The Baseline for Defined Contribution Plan Sponsors?

July 22, 2022

Is Blockchain Just a Transition Technology?

July 22, 2022

Don't miss it

Banking

FinovateFall 2022 Sneak Peek: Ocrolus

August 11, 2022
Digital Payment

ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge – Bitcoin News

August 11, 2022
Banking

Can payments be innovative and secure?

August 11, 2022
Banking

Linqto Breaks into DeFi with Trustline Acquisition

August 11, 2022
Digital Payment

Basilisk (BSX) starts trading on Kraken today – deposit now

August 11, 2022
News

Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M

August 11, 2022

© 2022 Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.