In the cryptocurrency market, the phrase "all-time-high" (ATH) is used to denote the highest price level that a specific cryptocurrency has ever experienced.
All-time-low (ATL) refers to the lowest historical price or value of a financial asset, including stocks and cryptocurrencies. It is the point at which the asset has traded for a specific amount of time or over an extended period of time at its least costly level.
Any cryptocurrency that is not Bitcoin is referred to as an "altcoin." It alludes to alternate coins that were produced using the same fundamentals as Bitcoin but frequently provide distinct features or technologies. The term "altcoin" refers to a wide variety of cryptocurrencies, including Bitcoin and its equivalents such as Ethereum, Litecoin, Ripple, and many others.
Arbitrage refers to taking advantage of price disparities across several platforms or exchanges as a trading method employed in the financial markets, including cryptocurrency marketplaces.
ASIC stands for Application-Specific Integrated Circuit. ASIC, as used in the context of mining cryptocurrencies, refers to specialized hardware components created to carry out a particular mining algorithm.
The term "bagholder" is often used colloquially in the context of investing to refer to an individual or investor who is holding a significant amount of a particular asset (such as stocks or cryptocurrencies) that has significantly decreased in value and is unlikely to recover.
A bear market is marked by falling asset prices and pessimism among investors. It is frequently linked to a deteriorating economy, growing unemployment, and unfavorable attitudes. Investors sell their assets during a bad market to protect themselves from future losses due to fear and uncertainty. As selling pressure persists, prices continue to decline, escalating the unfavorable mood.
One of the biggest cryptocurrency exchanges in the world, Binance offers customers a platform to buy, sell, and trade a variety of digital assets. It was established in 2017 by Changpeng Zhao (often referred to as "CZ") and has swiftly become well-known in the cryptocurrency industry.
Bitcoin, often referred to as "digital gold," is the first decentralized cryptocurrency created by a person or group of people known as Satoshi Nakamoto. It operates on a peer-to-peer network without the need for intermediaries like banks.
Blockchain networks employ block height to indicate block order. The chain's height increases by one with each successive block. Block height determines the order of blockchain transactions.
The block reward is the mechanism through which new bitcoins are created and put into circulation in the context of Bitcoin, the most well-known cryptocurrency.
Blockchain is a decentralized, distributed digital ledger technology that makes it possible to securely and openly record and share data among many parties.
Organizations or projects reward individuals who find and report security flaws, bugs, or other defects in their software or systems. Bounty program participants, known as "bug bounty hunters," receive cryptocurrencies or cash for improving platform security.
Brokers let traders and investors buy and sell financial assets, including stocks, cryptocurrencies, and commodities. Brokers enter markets and execute trades for clients, charging fees or commissions.
A bull market is characterized by rising asset prices and investor optimism. In a bull market, there is increased buying activity due to general economic or asset class confidence. Investors anticipate greater gains as prices rise, creating a positive feedback loop.
In cryptocurrency and tokens, burning is permanently removing a specified amount of tokens from circulation. The cryptocurrency or token becomes scarcer as a result. Burning can reduce inflation, improve token value, or align network incentives.
Distributed systems, including blockchain networks, may function successfully and attain consensus even with malicious or malfunctioning nodes. Even when some nodes act unexpectedly or maliciously, it keeps the network running and agreeing on the system state.
Cardano is a cryptocurrency project and decentralized blockchain platform. It was developed to offer a more scalable, sustainable, and secure platform for the creation of decentralized apps (DApps) and smart contracts.
Coinbase is One of the biggest and most well-known cryptocurrency exchanges in the world. It was established in 2012 and offers a simple platform for buying, selling, and storing different cryptocurrencies.
In the context of cryptocurrencies, "cold storage" refers to a technique for protecting digital assets against online threats and hacking attempts by keeping them offline and away from the internet. This strategy often entails employing paper or hardware wallets, offering a safer option to putting money on exchanges or internet wallets that are vulnerable to hacker assaults. In order to reduce the danger of theft and unauthorized access, cold storage is used for retaining cryptocurrencies for an extended period of time.
In the context of blockchain and cryptocurrencies, consensus refers to the process of coming to an understanding among network members regarding the legitimacy of transactions and the current state of the distributed ledger. The integrity and security of the blockchain depend on this agreement.
Cross-chain refers to the interoperability between several blockchain networks that enables the seamless exchange of assets and data between them in the context of blockchain and cryptocurrencies. Users can now use assets from one blockchain on another blockchain directly, eliminating the need for middlemen.
Crowdfunding is a technique for raising money for a project, company, or cause by receiving little contributions from lots of people, usually through internet platforms. It makes it possible for business owners, artists, or nonprofit organizations to obtain cash without having to rely on conventional funding sources like banks or investors.
A cryptocurrency exchange, or crypto exchange, is a digital marketplace where users may buy, sell, and trade different cryptocurrencies. It serves as a middleman, enabling exchanges between buyers and sellers and offering a secure setting in which to do so.
The practice of validating and adding new transactions to a blockchain while safeguarding the network using processing power is known as crypto mining, also known as cryptocurrency mining. When a tough mathematical puzzle is solved, miners use specialized computer hardware to add a new block to the blockchain and reward the first person to do so with freshly created cryptocurrency coins and transaction fees.
A digital tool called a crypto wallet, also known as a cryptocurrency wallet, enables users to transfer, receive, and store different cryptocurrencies securely. It includes private keys that permit access to the user's blockchain funds.
Cryptocurrency is a term used to describe a digital or virtual form of money that uses cryptography to safeguard transactions and regulate the generation of new units. It functions on decentralized networks, frequently built on blockchain technology, allowing peer-to-peer transactions without the use of middlemen like banks. Bitcoin, Ethereum, and Litecoin are a few well-known examples.
The study and application of methods for secure communication and data protection in the presence of adversaries is known as cryptography. It entails using mathematical algorithms and encryption techniques to jumble data into a form that is incomprehensible to unauthorized users.
Danksharding represents the crucial path towards achieving true scalability for Ethereum, necessitating several essential protocol upgrades to be implemented. Proto-Danksharding serves as an intermediate milestone on this journey, with the shared objective of optimizing Layer 2 transactions to ensure cost-effectiveness for users.
On the Ethereum blockchain, Decentraland is a virtual reality platform that lets users create, own, and sell digital goods and experiences. Users can explore and engage with a variety of virtual places and properties in this decentralized metaverse.
A system or network that lacks a centralized authority and distributes decision-making and control across numerous users or nodes is referred to as decentralized. A decentralized system is more resistant to censorship, single points of failure, and manipulation because no one organization has exclusive control over it.
Decentralised Autonomous Organizations (DAOs) are blockchain-based organizations that function independently and without a central authority through predefined smart contracts. They provide for open and democratic decision-making processes because they are guided by participant consensus.
A decentralized exchange (DEX) runs without a central hub or middleman. Peer-to-peer transactions enable consumers to trade bitcoins right from their digital wallets. DEXs leverage blockchain and smart contracts to enable safe and transparent trading, allowing consumers more control over their assets and lowering the possibility of hacking or centralized control.
A financial ecosystem known as "decentralized finance" (DeFi) is one that runs without the use of middlemen like banks or other conventional financial institutions and is based on blockchain technology. Decentralized financial infrastructure (DeFi) systems use decentralized applications (DApps) and smart contracts to offer a range of financial services, such as lending, borrowing, trading, and yield farming.
The term "digital identity" describes how an individual or entity's distinctive traits, traits, and credentials are represented electronically in the digital sphere. Personal data, biometric information, and other identifiers that authenticate and validate a user's online presence and actions are all included in it.
A data structure called a Directed Acyclic Graph (DAG) is used in blockchain technology and computer science to organize and represent information without cycles or loops. It is a graph in which no pathways lead back to the beginning point and where edges have a distinct direction.
A decentralized network's distributed ledger is a database that is updated and synchronized across numerous nodes or computers. Without the requirement for a centralized authority, it enables participants to securely and transparently record, preserve, and amend transactions or data. Blockchain systems are based on distributed ledger technology, which offers an unchangeable and impenetrable record of all network activity.
When a digital currency is used fraudulently more than once before the transaction has been verified on a blockchain, it is referred to as double spending. In decentralized digital currencies like Bitcoin, where transactions must be verified by the network in order to avoid duplication, it is a serious issue.
A harmful practice known as a "dusting attack" involves sending a tiny quantity of cryptocurrency to a number of different addresses in order to deanonymize and trace user transactions. In order to learn more about users' behaviors, the attacker wants to connect these dust transactions to real identities or larger addresses.
Encryption transforms plaintext or readable data into ciphertext using cryptographic techniques. This makes sure that the original data is rendered incomprehensible and protected from unauthorized access while being sent or stored. The procedure can be reversed and the original data can be retrieved only by authorized persons who have the corresponding decryption key.
A technological standard or set of guidelines called ERC-20 is used on the Ethereum blockchain to make it easier to create and use fungible tokens. It outlines the fundamental interfaces and functionalities necessary for tokens to work with the Ethereum network, enabling seamless interoperability between various decentralized applications (DApps) and wallets.
On the Ethereum blockchain, a technical standard known as ERC-721 establishes the guidelines for producing and administering non-fungible tokens (NFTs). ERC-721 tokens are different and indivisible, unlike ERC-20 tokens, and they stand for discrete assets with unique features and ownership.
Escrow is a term used to describe a financial arrangement in which a dependable third party keeps and manages money or other assets on behalf of two parties involved in a transaction. To provide security and lower risks for both parties, the monies are held in escrow until particular criteria or requirements are satisfied.
The Ethereum blockchain's native coin, Ether (ETH), is used to power transactions and smart contracts on the system. It serves as a financial incentive for miners to verify transactions by being used to pay for computational services and transaction fees.
Developers can create and implement smart contracts and decentralized applications (DApps) on the open-source, decentralized Ethereum network. Participants in the decentralized computer network that runs it validate and log transactions on the blockchain.
The Ethereum Name Service (ENS) is a decentralized domain name system on the Ethereum blockchain that allows users to associate human-readable names with complex Ethereum addresses, simplifying the process of sending and receiving cryptocurrencies and interacting with smart contracts.
Ethereum Virtual Machine (EVM) is a crucial element of the Ethereum blockchain network. Smart contracts, which are self-executing programs written in Solidity or other programming languages supported by Ethereum, are executed in this virtual runtime environment.
A popular blockchain explorer and analytics application created exclusively for the Ethereum blockchain is called Etherscan. On the Ethereum network, it enables users to look up, view, and validate transactions, smart contracts, and addresses.
Any government-issued currency that is not backed by a tangible good like gold or silver is referred to as fiat currency. Instead, money derives its worth from the people who use it, their faith in it, the support of the government, and its status as legal cash.
Flash loans are a particular kind of decentralized finance (DeFi) loan that lets users borrow money from a lending protocol without the requirement for collateral, as long as the borrowed money is paid back in the same transaction.
FOMO is an acronym that stands for "Fear of Missing Out.
In the world of blockchain technology and cryptocurrencies, a fork is the division of the primary blockchain into two distinct branches.
FUD is an acronym that stands for "Fear, Uncertainty, Doubt." Spreading false or untruthful information about a certain subject or investment is a method used to frighten away potential users or investors.
A full node is a computer or other device that maintains an accurate and complete copy of the whole blockchain in the context of blockchain networks.
Digital assets with equal value and fungibility are referred to as fungible tokens. In other words, each unit of a fungible token is interchangeable with every other unit of the same token and is not distinct from them.
Game-Fi, an abbreviation for "Game Finance," is a blockchain-based concept that blends aspects of decentralized finance (DeFi) with gaming. It entails combining in-game assets, virtual economies, and non-fungible tokens (NFTs) with financial protocols.
A petrol price is a transaction cost in blockchain networks that users pay to execute smart contracts or perform network functions. It is represented in a cryptocurrency such as Ether by the computational resources required to perform the transaction.
The maximum amount of computing labor or operations allowed for a transaction on a blockchain network is referred to as the gas limit. It is measured in units of gas and serves as a safeguard against infinite loops or excessive resource consumption.
The Genesis Block is the initial block in the ledger of a blockchain network. It is designed to help the blockchain get started and contains no references to prior blocks.
A governance token is a cryptocurrency token that entitles holders to vote in a decentralized network or platform's decision-making process. Changes to the network's protocols, features, and policies can be proposed and voted on by token holders.
The technique of validating and adding new blocks to a blockchain using graphics processing units (GPUs) is known as GPU mining. Miners utilize GPUs to solve complicated mathematical puzzles and compete to be the first to find a valid block.
In the context of Bitcoin, halving refers to a pre-programmed event in which the block reward provided to miners for validating transactions is cut by half. This practice is repeated at regular intervals, often every four years, and is intended to manage inflation while progressively reducing the issuance of new coins.
In the context of fundraising and token sales, a hard cap refers to the greatest amount of money that a project or corporation hopes to raise. It denotes the maximum amount of money that the project is ready to accept during an initial coin offering (ICO) or token sale.
A hard fork is a severe and irreversible divergence in the protocol of a blockchain network that renders previously valid blocks or transactions invalid. It happens when the network's rules are modified or changed, resulting in a split from the previous blockchain.
A hash is a fixed-size alphanumeric string produced by a hash function, which accepts any size of input data and produces a unique, deterministic result. This cryptographic technique maintains data integrity and is frequently used to validate files, passwords, and digital signatures.
The computing power or processing speed of a blockchain network or cryptocurrency mining operation is referred to as hash rate. It quantifies the amount of cryptographic hashes computed per second by a miner or network.
HODL is a bitcoin community term derived from a misspelling of "hold." It is the practice of keeping one's bitcoin assets for an extended period of time, regardless of market swings or short-term price volatility.
A hot wallet is a cryptocurrency wallet that is actively utilized for frequent transactions and is connected to the internet. It enables customers to rapidly and easily access their funds for trading, spending, or other uses.
A hybrid blockchain is one that includes elements from both public and private blockchains. It supports both open and permissioned participation, giving you more flexibility and control over data visibility and access.
Hyperledger is a Linux Foundation open-source collaborative initiative that intends to promote cross-industry blockchain technologies. It offers a modular framework and tools for developing enterprise-grade, permissioned blockchain applications for a wide range of industries.
Immutable data or information cannot be changed, interfered with, or destroyed once it is stored in a blockchain or other decentralized ledger systems. Once data is added to a block and validated by network consensus, it is fixed and immutable.
An Initial Coin Offering (ICO) is a way of generating cash utilized by cryptocurrency entrepreneurs. During an ICO, a company sells its own digital tokens or coins in exchange for established cryptocurrencies such as Bitcoin or Ethereum, as well as fiat currency.
An Initial Exchange Offering (IEO) is a fundraising event held directly on cryptocurrency exchanges by cryptocurrency projects. During an IEO, the exchange serves as a facilitator, hosting the token sale on its platform and performing due diligence on investors' behalf.
The capacity of multiple blockchain networks or systems to communicate, interact, and share data seamlessly is referred to as interoperability. It allows for the transfer of assets and information across different blockchain platforms, enabling collaboration and synergy across diverse decentralized applications and networks.
The InterPlanetary File System (IPFS) is a peer-to-peer distributed file system that aims to make the internet more resilient and decentralized. It enables users to store and exchange files in a distributed manner, accessing data via content-based addressing rather than traditional location-based URLs.
JOMO stands for "Joy of Missing Out." It is the sensation of contentment and enjoyment that results from disconnecting or refraining from social engagements, events, or online distractions.
JSON-RPC (JavaScript Object Notation - Remote Procedure Call) is a lightweight, language-independent RPC protocol. It allows clients to request services or perform operations on a server across a network by using JSON as the message data format.
The process of generating one or more cryptographic keys from a single master key or passphrase is known as key derivation. It uses mathematical algorithms, such as key stretching and key expansion, to generate unique and safe keys for various purposes or users.
A key pair is made up of two cryptographic keys, one public and one private, that are used in asymmetric encryption systems. The public key is freely disseminated and used to encrypt data or verify digital signatures, whereas the private key is kept hidden and used to decrypt data or create digital signatures.
Kraken is a well-known bitcoin exchange platform that was created in 2011. It enables users to purchase, sell, and trade bitcoins using various fiat currencies.
KYC is an abbreviation for "Know Your Customer." Businesses and financial institutions use it to verify and collect information about their clients' identities and financial activity.
The Ledger Nano is a compact hardware wallet that synchronizes with a smartphone or computer. This sophisticated device serves as a fortified vault for safeguarding one's cryptocurrency holdings. Its primary functions encompass secure storage and efficient trading of various cryptocurrencies, all facilitated through the intuitive Ledger Live app.
A Ledger wallet is a hardware wallet designed and manufactured by the Ledger company. These hardware wallets support multiple cryptocurrencies and are utilized for securely storing offline private keys. Their hardware wallets include Ledger Stax, Ledger Nano X and Ledger Nano S.
The Lightning Network is a solution designed to address the scalability challenges of the Bitcoin blockchain. At its core, it is a payment channel network operating at the layer-two level on the blockchain. The Lightning Network was introduced by Joseph Poon and Thaddeus Dryja in a paper published in January 2016.
In business, economics, or investment, market liquidity refers to a characteristic of a market in which an individual or company can swiftly buy or sell an asset without significantly impacting the asset's value.
A liquidity pool is a collection of cryptocurrency locked in a smart contract, enabling quicker transactions. Liquidity pools benefit yield farming and blockchain games. They incentivize liquidity providers (LPs) who receive rewards called liquidity provider tokens (LPTs) proportional to the contribution made by LPs, usable in various ways within the DeFi network.
Litecoin (LTC) is a digital currency engineered to facilitate swift, secure, and cost-effective transactions through the utilization of blockchain technology. It initially drew inspiration from the Bitcoin (BTC) protocol and distinguishes itself through variations in its hashing algorithm, maximum supply, block processing times, and other key parameters.
In finance, having a long position in a financial instrument signifies ownership of a positive quantity of that instrument, with an anticipation of its value appreciation over time. This conviction stems from the anticipation of favorable market conditions, economic developments, or fundamental strengths associated with the asset.
Mainnet is the term used in blockchain technology to refer to the production or live network of a cryptocurrency or blockchain platform.
Market capitalization, often referred to as market cap, is a financial metric used to assess the total value of a cryptocurrency.
Mempool (short for "memory pool") is a component found in the blockchain serving as a temporary storage area for pending transactions awaiting validation and inclusion in the next block of the blockchain.
Merkle Tree is a computer science term found in cryptocurrencies like Ethereum. It condenses large datasets into a single hash called the Merkle root. This root is included in a block's header, enabling easy verification of transaction authenticity.
MetaMask is a cryptocurrency wallet and browser extension that allows users to manage their digital assets and interact with decentralized applications (DApps) on the Ethereum blockchain.
The consensus method employed by the majority of blockchain networks, including Bitcoin, is known as the "Nakamoto consensus." In order to authenticate and concur on the order of transactions in a secure and trustless manner, it depends on a decentralized network of nodes (computers) cooperating.
Node refers to a fundamental component within a computer network or blockchain system. Nodes play important roles validating transactions, maintaining a copy of the blockchain ledger, and participating in network consensus.
Non-fungible tokens are a type of cryptocurrency token that represent unique, indivisible digital assets. Unlike cryptocurrencies like Bitcoin (BTC) or Ether (ETH), NFTs are not interchangeable on a one-to-one basis.
Transactions or data that occur outside the main blockchain network and act as solutions designed to alleviate some of the limitations of on-chain transactions, affecting scalability and high fees.
Actions or data that are directly recorded and processed on the main blockchain network. When a transaction or smart contract execution occurs "on-chain," it means that the information is permanently and immutably stored on the blockchain ledger. On-chain actions are transparent, secure, and decentralized, and they contribute to the overall transparency and trustworthiness of blockchain networks.
A software or project development approach that makes the source code of a program or project publicly available for inspection, use, modification, and distribution.
Blockchain oracles are important in connecting blockchain networks with external data sources. They offer a bridge between the on-chain and off-chain worlds of blockchain technology and serve as third-party services that retrieve, verify, and authenticate external data. With this bridge smart contracts can utilize real-world data outside the blockchain network.
A type of financial market where trading occurs directly between parties, typically outside of a centralized exchange. In OTC markets, participants buy and sell financial instruments, such as stocks, bonds, currencies, or derivatives, directly with each other, often through brokers or dealers.
Paper wallets were a popular method to store cryptocurrency offline. These paper wallets consisted of a piece of paper with QR codes representing the private and public keys.
Peer-to-peer (P2P) refers to a decentralized communication and computing model in which participants in a network, often referred to as "peers," interact directly with one another without the need for a centralized intermediary.
A privacy coin is a type of cryptocurrency designed with a focus to enhance the privacy and anonymity of its users' transactions.
Proof-of-Stake (PoS) is a blockchain consensus mechanism in which validators are chosen to create new blocks and secure the network based on the amount of cryptocurrency they "stake" or lock up as collateral.
Blockchain networks use the PoW consensus technique to verify transactions and secure the network. PoW was first presented as a key component of the Bitcoin blockchain by its creator, Satoshi Nakamoto.
Rekt" is internet slang derived from "wrecked." It's commonly used in the cryptocurrency and online gaming communities to describe a situation where someone has suffered significant losses or setbacks, often in trading or gaming. Being "rekt" implies a humorous or exaggerated way of expressing failure or defeat.
Return On Investment is a financial metric used to evaluate the profitability of an investment. It is calculated by dividing the net gain or profit from an investment by the initial cost or investment amount, expressed as a percentage.
Ripple, now known as Ripple XRP, is a blockchain-based payment protocol and cryptocurrency created by Ripple Labs. It facilitates fast and low-cost cross-border transactions for financial institutions, using XRP as a bridge currency.
Robinhood is a popular commission-free online brokerage and trading platform that offers stock, cryptocurrency, and options trading. It gained popularity for democratizing financial markets and making trading accessible to a broader audience.
Satoshi is the mysterious individual or group behind Bitcoin's creation, introducing the groundbreaking cryptocurrency concept in 2008 via a whitepaper.
The SEC is a US regulatory agency tasked with overseeing and enforcing securities laws. It plays a pivotal role in regulating financial markets, including cryptocurrencies and blockchain-related activities.
A smart contract is a self-executing contract that automates agreements and transactions using predefined code on blockchain platforms like Ethereum. They enable trustless, decentralized interactions, executing when specific conditions are met.
Social-Fi represents the convergence of social media and decentralized finance (DeFi), aiming to integrate social interactions, content creation, and financial services on blockchain platforms. Social-Fi projects explore novel ways to blend these elements, redefining the relationship between social media and financial ecosystems.
Solana is a blockchain platform known for its high transaction throughput and scalability. It supports decentralized applications (dApps) and DeFi projects, utilizing innovative technologies like Proof of History (PoH) for consensus and speed.
Solidity is a high-level programming language for creating smart contracts on Ethereum and other compatible blockchain platforms. It empowers developers to build decentralized applications and programmable tokens while utilizing blockchain's capabilities.
A stablecoin is a cryptocurrency designed to maintain a stable value, typically pegged to a reserve asset like the US dollar.
Staking involves locking up cryptocurrency assets in a blockchain network to support its operations and earn rewards. Stakers help secure the network, typically in Proof of Stake (PoS) systems, and receive incentives for their contributions.
Tether (USDT) is a stablecoin that intends to keep its value stable by tying its price to a certain reserve asset, frequently the US dollar (USD).
Users can develop, own, and make money off of their gaming experiences and assets using the blockchain-based virtual environment and game platform known as The Sandbox. Users can create, customize, and exchange virtual goods and experiences within the platform's metaverse by using non-fungible tokens (NFTs) and blockchain technology.
Tokenomics is a portmanteau of "token" and "economics" and refers to the study of the economic aspects and principles governing the behavior and dynamics of cryptocurrencies or tokens within a blockchain ecosystem.
The entire amount of assets, such as stocks or cryptocurrencies, traded on a given market or exchange over a specific time period is referred to as trading volume. Trading volume is often expressed in terms of the number of units traded or the total value of assets traded.
The cost of executing and verifying a transaction on a blockchain network is known as a transaction fee. Users frequently have to pay miners or validators a fee in order for them to prioritize and add their transactions to the blockchain.
The word "trustless" describes a feature of blockchain and decentralized systems where users can communicate and conduct transactions without having to believe in a centralized authority or middleman. To guarantee the legitimacy and security of transactions, it uses smart contracts, consensus procedures, and cryptographic techniques.
Built on the Ethereum blockchain, Uniswap is a decentralized cryptocurrency exchange (DEX). Users can exchange a variety of Ethereum-based tokens directly from their wallets without the aid of a middleman or order book thanks to this automated market maker (AMM) that works in this manner.
A cryptocurrency called a utility token is primarily made to allow users access to and use of a particular blockchain network or decentralized application (dApp). Utility tokens do not represent ownership in an underlying asset or business, in contrast to security tokens.
A validator is a participant in a blockchain network who validates and verifies transactions and blocks using a consensus algorithm, often Proof of Stake (PoS) or Delegated Proof of Stake (DPoS).
A digital representation of value utilized as a means of trade within a particular virtual or digital ecosystem is known as virtual money. These currencies often only exist in digital form and are decentralized.
Volatility is the degree to which the price or value of a financial item, like a stock or cryptocurrency, changes or fluctuates over time. Low volatility signifies relatively consistent and predictable price swings, whereas high volatility suggests considerable and swift changes in the asset's price.
A wallet is a software or hardware device that lets users store, control, and communicate with their digital assets in the context of cryptocurrencies. Users can access and manage their cryptocurrency holdings, execute transactions, and keep track of balances thanks to the securely stored private keys.
A trader or corporation participates in wash trading, a dishonest activity in financial markets, including cryptocurrency exchanges, where they buy and sell the same commodity to inflate transaction volume and price movements.
The third generation of the internet, also known as Web3, has a focus on decentralized and blockchain-based technology. In order to provide consumers with more control over their data and online interactions, it strives to establish a more user-centric, open, and trustless internet.
The Decentralized Finance (DeFi) approach, known as "yield farming," involves cryptocurrency investors providing liquidity to decentralized platforms in exchange for incentives or interest.
A yield token denotes ownership of a share of the yield produced by a platform or DeFi protocol that generates yield. These coins are frequently given as rewards or incentives to liquidity providers.
Zcash, a privacy-focused cryptocurrency, employs zero-knowledge proofs (also known as zk-SNARKs) to support private and anonymous transactions.
A zero-knowledge proof is a cryptographic technique that enables one person (the prover) to convince another party (the verifier) that they are aware of a secret or truth without disclosing the real secret or any other information.
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