Crypto Terminology

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1HR in Bitcoin and Crypto Trading

1HR in crypto trading refers to one hour of cryptocurrency trading data collected in real-time and presented as a candlestick. It is one of the most used time frames opted for by cryptocurrency traders who use technical analysis to generate signals.

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Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) is an international financial institution owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".

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Bitcoiner in Crypto

A Bitcoiner is a person who holds and advances the ideas of Bitcoin. In simple terms, a Bitcoiner believes BTC will change the world and is on the forefront in education, investment, and even trading of the digital asset.

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BitPay

BitPay is a software company headquartered in Atlanta, U.S. They specialize crypto payment processing, supporting a variety of coins like Bitcoin, ETH, XRP, and LTC.

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Block Reward in Crypto

In the world of cryptocurrency, miners or validators are rewarded tokens for confirming or validating transactions on the blockchain. In the case of Bitcoin, the lucky miner (typically, a mining pool) gets 6.25 BTC for confirming a batch of BTC…

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Blockchain 3.0

Blockchain 3.0 is a new advancement in blockchain technology, allowing for better efficiency, interoperability, scalability, sustainability, security, and more.

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Buy Wall in Crypto Trading

A buy wall forms as a result of a single huge buy order or the composition of multiple large buy orders placed at the same price in the order book of a crypto pair. 

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Cloud Mining in Cryptocurrency

Cloud mining is a way of mining cryptocurrencies such as Bitcoin using rented cloud computing power. In this arrangement, users don’t have to install or operate gear to mine crypto assets, saving them valuable maintenance time or dealing with regularly…

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Coin in Cryptocurrency and Blockchain

Cryptocurrencies or coins are digital assets produced and managed through public and decentralized ledgers. These ledgers can be a blockchain like Bitcoin and Ethereum or a blockless network like IOTA.

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Consensus in Blockchain

consensus refers to the agreement between the distributed database, the recorded data, and users’ experience in exchanging and storing value in the form of cryptocurrency.

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Consortium Blockchain

A consortium blockchain is a permissioned ledger where information can only be shared with a small group of members. A few select nodes also govern the federated ledger.

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Core Wallet for Bitcoin and Cryptocurrencies

A core wallet is a type of cryptocurrency wallet that holds all the records of a ledger. Like other crypto and Bitcoin wallets, a core wallet allows users to receive, store, and send the ledger's cryptocurrency, allowing users to interact freely with the network.

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Cryptography in Crypto and Blockchain Security 

Cryptography is the science of how data or information is converted to a secret format to be transmitted securely between two parties. The process of converting the data into this format is called encryption. It ensures that the recipient, who has the keys to accessing the information, is the only one that can decrypt the data. 

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DAICO in Crypto and Blockchain

A Decentralized Autonomous Initial Coin Offerings (DAICO) is a crypto funding implementation first forwarded by Vitalik Buterin of Ethereum, whose objective is to raise funds for potential startups, distribute the project's tokens, all while keeping investors' funds secure in a trustless environment while concurrently offering protection against fraud.

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Distributed Network

Distributed network systems spread out computer programming, software, or data across multiple computers, which communicate and depend on each other to sustain the network. The distributed network architecture creates a control system while distributing the load. 

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Enterprise Ethereum Alliance (EEA)

The Ethereum Enterprise Alliance (EEA) is a creators' collective aimed at collaboratively bringing unique ideas that make the smart contracting network a better platform, serving diverse users.

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Ethereum Layer-2 Solution: Raiden Network

The Raiden Network is a layer-2 scaling solution for Ethereum that adopts the same principles as Bitcoin's Lightning Network. The Offchain scaling solution is designed to enable fast, low-fee, and immediate payments using Ethereum's ERC-20 tokens. 

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FUD in Cryptocurrency Trading

The acronym "FUD" is popularly used in crypto, standing for "Fear, Uncertainty, and Doubt". FUD is synonymous with fake news or news that has been blown out of proportion to drive a particular agenda, harming a digital asset's valuation.

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Geo-tagged NFT

Geotagged NFTs combine 3D representations of art street work such as graffiti with geographical data representing its physical location.

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Gwei

GWei is a unit of measurement for Ether (ETH), the native coin of Ethereum. One GWei is equal to 1,000,000,000 Wei, or 0.000000001 ETH.

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Hard Cap in Cryptocurrency

Hard Cap is the is the maximum amount of funds that a crypto startup can raise through a crowdfunding event such as an Initial Coin Offering (ICO) or Initial DEX Offering (IDO).

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Impermanent Loss in DeFi

In automated market maker (AMM) systems, impermanent loss is the loss that a market maker incurs when the price of the asset they are providing liquidity for moves against them. This loss is temporary and will be reversed as soon as the price of the asset moves back in the market maker's favor.

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JOMO in Trading

oy of Missing Out, or JOMO, is a term used to describe the feeling of contentment and satisfaction that comes from not being involved in the stressful and often frenzied world of cryptocurrency trading.

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Liquidity Provider in DeFi

A Liquidity provider is an investor or crypto holder who deliberately stakes their assets on DeFi platforms, mostly DEX, to earn passive income through transaction fees. 

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Mineable Coin in Cryptocurrency

Cryptocurrency mining is a novel concept in monetary terms. Crypto mining is a technique by which new coins or tokens are added into circulation without relying on a centralized printer like fiat currencies.

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Mining Difficulty

Mining difficulty is a metric to show how "hard" or time-consuming it is for a mining pool, miner, or operator to solve a cryptographic puzzle—that is mine, confirming that the content of a block is valid within a pre-programmed period. Often, mining difficulty is associated with computing power. The more difficult it is to mine—or solve a cryptographic puzzle—the more computing power it requires for the mining pool or node operator to dispense.

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Mt. Gox Bitcoin Exchange

Mt. Gox was a Bitcoin exchange based in Tokyo, Japan. It was launched in 2010, and by 2013 it was handling over 70 percent of all BTC transactions worldwide.

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Overbought in Trading

Overbought is a trading term that describes a situation where a particular crypto asset increases in value on account of disproportionately higher purchase activity.

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Pair in Bitcoin and Crypto Trading

A pair in cryptocurrency trading are two assets that can be exchanged for each other in an exchange, allowing users to compare spot prices between different cryptocurrencies. A trader will always consider a pair before changing one coin for another, making profits, or taking advantage of arbitrage opportunities.

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Peer-to-Peer (P2P)

In cryptocurrency circles, peer-to-peer (P2P) interaction means transaction activity between members of a cryptocurrency network relating as equals.

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Proof-of-Burn (PoB) in blockchain

Proof-of-Burn (POB) is a type of consensus algorithm that is used in some cryptocurrencies. In this system, miners show "proof of work" by burning (or destroying) some of their coins.

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Quorum in Crypto Governance

In crypto governance, quorum refers to the minimum number of approved members of an organization or company who must be present for a meeting to take place or a motion passed.  From a governance standpoint, quorum members can make binding…

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Scrypt Crypto Mining Algorithm

Scrypt is a password-based essential derivation function and a proof-of-work consensus hash function used for mining certain cryptocurrencies. It is another secure alternative to SHA-256 used by Bitcoin and has been widely adopted by leading blockchains, mainly Litecoin. The algorithm allows miners to contribute work for a chance to confirm a block of transactions and receive rewards.

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Seed Phrase in Crypto Wallets

A seed phrase, also known as a mnemonic phrase or a mnemonic seed, is a sequence of words used to store a cryptographic key. They are typically used in hardware and software wallets.

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Settlement Layer in Blockchain

The settlement layer is the second layer in a crypto network’s architecture built on top of the data or transfer layer therefore providing a higher degree of functionality and flexibility.

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Volatility in Cryptocurrency

Volatility is a measure of how much the price of an asset fluctuates over time. In the cryptocurrency markets, it refers to how much the price of a coin or token can change in a short period of time.

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What is Tor?

Tor is a popular web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information. Today, it is synonymous with the dark web, illicit activity, and free internet activists seeking to escape surveillance. 

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When Lambo

When Lambo" is a term used in the Bitcoin and cryptocurrency communities to refer to the point at which someone becomes financially successful enough to buy a Lamborghini sports car.

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Who is Craig Wright?

Craig Wright is an Australian computer scientist and businessman who has been claimed to be the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

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Who is Hal Finney: A Revered Bitcoin Supporter

Hal Finney was a Bitcoin supporter, a revered cryptographer and cypherpunk, and a gifted computer scientist. He was the first person to run the Bitcoin software in 2009, setting a firm base for the network and helping it "stand up". On his first encounter with the Bitcoin software, he is famously quoted as saying it presented a very promising idea.

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