Crypto Glossary For Frequently Used Terms
The distribution of digital assets to the public, either by virtue of holding a certain token or having an active wallet address on a certain blockchain.
All-Time High (ATH)
The highest price of a cryptocurrency in a quote currency, such as a dollar, ETH or BNB
An allotment of tokens or equity, that may be set aside for investors, team, group, organization ,the allotment can be earned
These are other cryptocurrencies that are not Bitcoin. Cryptocurrencies alternative to Bitcoin
Selling and buying of assets over different markets in order to take advantage of differing prices on the same asset.
Smart Contract technology enabling exchanges of one cryptocurrency for another without using centralized intermediaries such as exchanges
A negative trend where prices are going down
Is a token standard on the Binance Chain that extends ERC-20, the most common Ethereum token stand. Its a blueprint for tokens that defines how they can be spent, who can spend them and other rules for their usage
Bitcoin market capitalization versus the sum of the market capitalization of all cryptocurrencies.
A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronological
The approximate number of coins or tokens that are publicly available and circulating in the market.
Decentralized Application (DApp)
Applications that run on a P2P network of computers rather than one central computer. Software can run on the internet without being controlled by a single entity
Decentralized Autonomous Organization(DAO)
A system of hard-coded rules that define which actions a decentralized org
Decentralized Exchange (DEX)
An exchange which does not require users to deposit funds to start trading, thus it does not hold the funds of the user. Instead ,users trade directly from their own wallets.
Decentralised Finance (DeFi)
The ecosystem comprised of decentralized financial applications developed on top of the blockchain network.
A technical standard used to issue and implement tokens on the Ethereum blockchain proposed in November 2015 by Fabian Vogelsteller.
Fear Of Missing Out(FOMO)
A standardized version of forward contracts that are used as a legal agreement to buy and sell an asset in the future at an agreed upon price and date.
The pricing mechanism employed on the Ethereum blockchain to calculate the cost of smart contracts operations and transaction fees.
The maximum price a cryptocurrency user is willing to pay as a fee when sending a transaction
Initial Coin Offering (ICO)
A fundraising method in which new projects will sell their cryptocurrency to investors
Know Your Customer(KYC)
A standard procedure in the finance industry whuich allows companies to identify their customers an comply with KYC AML laws.
Return on Investment (ROI)
A measure used in order to assess the efficiency of an investment.
A cryptocurrency that is designed to maintain a stable value, rather than experiencing significant price changes
Number of coins or tokens that currently exist and are either in circulation or locked
Used to send and receive cryptocurrencies. Different types include software wallets, hardware wallets and paper wallets