Address: An address is similar to a traditional bank account. It is a unique destination through which crypto users can send and receive digital currencies. It usually consists of alphanumeric keys.
Algorithms: A set of rules embedded into a computer software to enable it to perform specific functions.
All Time High (ATH): The highest price ever attained by a cryptocurrency
All Time Low (ATL): The lowest price ever attained by a cryptocurrency
Alphanumeric: This consists of both alphabets and numbers.
Altcoin: Any crypto that is not Bitcoin. These are other coins that were created after bitcoin with the aim of offering better features.
Airdrop: The distribution of a cryptocurrency or token to a community, with the aim of increasing the popularity of the coin or token. It is mainly used as a marketing scheme and usually requires users to complete a task like downloading an app or referring friends.
Anti-Money Laundering (AML): A set of international laws set to prevent and punish money laundering crimes through fiat currencies and cryptocurrencies.
Arbitrage: Taking advantage of price differences of the same currency, security, or commodity in two or more markets. For example, crypto prices on African exchanges can be different from US exchanges. An arbitrage trader would buy in one market and sell in the other for a profit.
Ashdraked: The total loss of a trader’s investment or capital resulting often from shorting of bitcoin.
ASIC: This stands for “Application Specific Integrated Circuit”, which is designed for a specific purpose like mining.
Ask Price – The lowest price in which a seller is willing to accept for the sale of an asset.
Atomic Swap: A direct exchange of one type of cryptocurrency for another on a different blockchain or off-chain, without centralized exchange as an intermediary.
Automated Market Maker (AMM): I t is an automated system that manages and provides liquidity to validators in a liquid pool.
Bag: A crypto slang used to refer to large quantities of cryptocurrencies in a trader’s portfolio
Bagholder: A crypto slang used to refer to an investor who continuously holds large quantities of cryptocurrencies regardless of their performance or price changes.
Bear: A person who expects the market to decline.
Bear Trap: A trick played by crypto traders to manipulate the price of an asset so that it seems there is a price decline in order to make more profit.
BearWhale: A person who holds a large quantity of cryptocurrencies and uses that power to drive down the price of cryptocurrencies to make more profit.
Bid-Ask Spread: This refers to the difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept for the sale of that asset.
BIP (Bitcoin Improvement Proposals): A design document for introducing new features to Bitcoin
Bitcoin: Bitcoin is the world's first peer to peer decentralized digital currency created in 2009 by an unknown person or group of persons known as Satoshi Nakamoto, it's also called a cryptocurrency for its use of cryptography to secure the network and make transactions pseudonymous, with bitcoin you don’t need to go through a bank, clearinghouse or third party of any kind use money.
Bitcoin Cash: Bitcoin Cash is a cryptocurrency forked from Bitcoin. Bitcoin Cash offers a larger block size, which allows miners to process more transactions per block.
Bitcoin ATM: Similar to the idea of a tradition ATM, but you can withdraw Bitcoin. Usually, Bitcoin ATMs have high fees for their convenience.
Bits: A subunit of one Bitcoin. 1,000,000 bits make up one Bitcoin.
Block: T his is a single digital record created within a blockchain. Each block is a continuation of the previous block, carrying all the transactions earlier recorded, and when linked together these become a chain of blocks filled with information, blockchain.
Blockchain: This is a string of ongoing digital records created within a distributed network. Each block is a continuation of the previous block, carrying all the transactions earlier recorded, and when linked together these become a chain of blocks filled with information, blockchain.
Block explorer: A n online tool used to view transactions that have taken place on the blockchain. It provides detailed information on blocks, addresses, and transactions.
Block Reward: When a bitcoin miner finds a block he receives newly minted bitcoins known as the block reward. The reward is halved every four years and is responsible for controlling bitcoin’s supply. BTFD (Buy the F**king Dip): An unsavoury slang used to convince people to buy a cryptocurrency when it dips.
Bubble: A bubble is when the price of an asset, such as housing, stocks, gold, or cryptocurrencies become over-inflated. Prices rise quickly over a short period. It's a bubble when investors bid up the price beyond any real sustainable value.
Bug: A n error, flaw or fault in a software program that prevents it from functioning accurately.
Bug bounty: A reward for finding an issue or vulnerability in a program's code. Crypto companies offer these rewards to help find exploits in their protocols, exchanges, and wallets.
Bug Exploit: An attack that allows bugs to take control of a system through its vulnerabilities.
Bull: A person who believes the market will increase. This person would be “bullish” about the market.
Bull Trap: T his occurs when a declining asset seems to increase in price only to decline once more.
Burn: The process of making a coin or token unusable, essentially taking it out of circulation.
Byzantine Fault Tolerance (BFT): A feature on a computer program that allows it to reach consensus even when some of its components are down.
Candlesticks: A graph type that shows the change in price over time. Each candle shows the opening price, closing price, high, and low. This graph is also called as “candles”.
Cap: An abbreviation for market capitalization.
Capital: Reference to the amount of funds an individual wishes to invest in an asset or financial scheme.
Cash: A physical form of a currency, such as banknotes or coins.
Central ledger: A ledger used in centralized entities to keep record of financial transactions.
Centralized: An organization that only has a small number of nodes in one place. This organization is likely to hold a majority of its coin or token.
Centralized Exchange (CEX): A crypto exchange run in a centralized manner.
Chain split: Another term for fork.
Cipher: An algorithm that encrypts and decrypts information.
Circulating supply: This refers to the total amount of cryptocurrencies that can be traded or stored.
Cloud Mining: Cryptocurrency mining which occurs with processing power loaned from companies.
Coin: Refers to a single unit of a cryptocurrency.
Cold Storage: Cold storage is an offline wallet provided for storing cryptocurrencies. With cold storage, the digital wallet is stored on a platform that is not connected to the internet, thereby, protecting the wallet from unauthorized access, cyber hacks, and other vulnerabilities that a system connected to the internet is susceptible to.
Cold Wallet: A cryptocurrency wallet linked to a cold storage.
Collateralized Stablecoin: A stablecoin pegged to collateral in a reserve.
Confirmation: This is a process carried out by miners to verify transactions on a cryptocurrency’s network to certify that a transaction is valid. This prevents double spending & can take some minutes to be completed.
Confirmed: A transaction that has been confirmed or verified and is permanently added to the blockchain network.
Consensus: Consensus is achieved when active nodes agree on decisions that relate to the blockchain, which includes verification of blocks.
Consensus Mechanism: C onsensus mechanism is a technology embedded in the blockchain that facilitates fair agreement or consensus between active nodes.
Crowdfunding: A fundraiser undertaken between several persons to fund a crypto project.
Crypto Asset: An asset that undertakes crypto related technologies in its operations.
Cryptocurrency: A digital or virtual currency that uses cryptography to secure and verify financial transactions.
Cryptography: This is an encryption technique used to secure data in transmission, data in storage, and user authentication that allows only those for whom it is intended to read, interpret or process to access. This is what cryptocurrency is built with and gets its name from.
Cryptojacking: T he act of using another person’s computer to mine cryptocurrencies without their permission.
Cryptology: T he study of cryptography which includes encrypting and deciphering information.
Currency: A valuable asset used as a medium of exchange.
Custodial: The storage of private keys to an exchange or wallet are being held by a third-party service provider.
Cypherpunk: A movement that promotes the adoption of cryptocurrencies and crypto related projects.
DAO: S tands for “Decentralized Autonomous Organisation”, a system developed and governed by a set of rules to automate decision making and facilitate cryptocurrency transactions.
Dark Web: A section of the internet that exists on the darknet and can only be accessed with special software and authorizations.
Dash: D ash (formerly called Darkcoin) is a fast payment cryptocurrency that was built using a copy of the Bitcoin source code in 2014, however, some significant improvements have been made to it that makes it’s major holders vote on network governance & use.
Date of Launch: R efers to the time frame in which ICO tokens are launched and put up for sale.
Day Trading: Buying and selling assets within a 24 hour benchmark to maximise profit.
Decentralized: This is a form of organized system that has no central point of control or authority, the whole system exists and functions from individual parts that follow a set of rules mutually agreed upon.
Decentralized Applications(dApps): An application that runs on a decentralized network, this negates a single point of failure.
Decentralized Autonomous Initial Coin Offerings (DAICO):A n initiative that comprises the benefits of DAO and ICO, which allows a form of governance in the ICO process.
Decentralized Exchange(DEX): A peer-to-peer crypto exchange in which no intermediary is involved.
Decentralized Finance (DeFi) – A financial ecosystem that provides alternatives to traditional or centralized banking systems. It provides services such as banking, insurance, and loans among others.
Decentralized Identifier (DID) – An ID issued by an autonomous decentralized entity as proof of ownership.
Decryption: The process of transforming encoded data back to a readable form.
Deflation: A decline in the general price and value of assets in an economy.
Delegated Proof of Stake (dPOS): A hybrid alternative to Proof of Stake and Proof of Work.
Difficulty: limiter that cryptocurrencies use to keep the average times between blocks constant as the hashing power of the network changes.
Digital Commodity: An asset that exists virtually and can only be transferred electronically.
Digital Currency: Is digital or electronic money, that is exclusively online. Digital currency is not bound by borders and allows for instant transactions.
Digital Identity: I nformation that identifies a person or entity on the internet.
Digital Signature: Appears as a code on the internet and it is used to confirm authenticity of information transmitted electronically.
Directed Acyclic Graph (DAG): A method of restructuring data that is used as a consensus tool in cryptocurrencies.
Distributed Ledger: Digital data which is stored in nodes that are spread out across a network.
Diversification: A risk management strategy that involves spreading capital across various investment schemes.
Dolphin: A person with a moderate quantity of cryptocurrencies.
Dominance: Is a measure of Bitcoin’s marketing capitalization compared to the rest of the combined market capitalization of all other cryptos.
Double Spending: A situation in which an individual tries to manipulate a crypto transaction in order to spend the same cryptocurrency twice.
Dump: To sell off your cryptocurrency or when the marketing drops.
Dumping: Occurs when a significant market percentage sells-off cryptocurrencies within a short time frame.
DYOR: A n acronym for “Do Your Own Research”
ECO: A token or coin earned by taking actions that contribute to energy conservation or sustainable energy. It can also be bought at a price.
Email Spoofing: The act of disguising as another person or entity in an email with the aim of scamming a person.
Encryption: A process through which information is made into codes.
ERC-20: A token standard for the Ethereum blockchain, used for implementing tokens. ERC-20 has rules defining interactions between tokens, transfer between address and data access.
Escrow: A financial set up in which an intermediary holds funds while a transaction is being concluded between a seller and buyer.
E-signature: An electronic signature or symbol used as an alternative to a physical signature.
Ether: The transactional token that enables transactions on the Ethereum network.
Ethereum: E thereum is an open-source, global, decentralized platform for money and new kinds of applications. Its cryptocurrency is used by applications built on Ethereum as platform fees to keep the applications running.
Ethereum Improvement proposal (EIP): A document that describes the standard for making modifications to the Ethereum network.
Ethereum Virtual Machine (EVM): A blockchain powered software that allows developers to build smart contracts or decentralized apps on the Ethereum network.
Exchange: T his is also known as trading exchange or trading platform where buyers & sellers of a particular commodity, asset or currency meet to transact business. For cryptocurrencies, this is where people buy or sell crypto coins for other crypto coins or fiat.
Exchange Traded Fund (ETF): A security setup that tracks assets, bonds, and stocks which can also be traded like an asset.
Faucet: A reward system initiated on a website or app that rewards users for completing certain tasks. It is an initiative used to attract participants after the creation of an altcoin.
Fiat: T his is a currency belonging to a particular nation-state or group of nation-states that has no intrinsic value but is established as money by the government to be used for the payment of goods & services. Its acceptance by the public gives it value
Fiat-pegged Cryptocurrency: It refers to a stablecoin that is pegged or backed up by a government issued currency or fiat currency such as dollars, pounds, naira among others.
FIFO: Stands for “First In, First out”, an inventory system used for calculating your taxes.
Fish: Refers to an individual with little or almost insignificant amount of cryptocurrencies whose actions to sell or buy may not reflect in any major price fluctuations unlike the dolphins or whales.
Flash Loans: A type of loan that requires no collateral, one of the initiatives of DeFi, decentralized finance.
Flipping: Flipping is a strategy that involves buying real estate assets with the aim of reselling in a short time frame to make the most profit. It may also be employed in ICO offerings, in which investors purchase tokens before they go public and sell it at an increased price immediately sales begin.
Fork: T his is when there is a split in a blockchain into two possible paths due to a protocol change.
FOMO: Stands for "fear of missing out".
FUD: Stands for "Fear, Uncertainty and Doubt."
FUDster: A person who spreads FUD with the hope of bringing down the value of a cryptocurrency to make the most profit.
Full Node: A node that downloads a blockchain full history and checks blocks against Bitcoin’s consensus rules.
Fundamental Analysis (FA): A trading strategy that involves studying the intrinsic value of a cryptocurrency and its historical statistics to maximise profits.
Fungible: A coin or token that can be replaced by an identical coin or token is known as fungible
Gains: This centres on the increase in value or price of a crypto asset.
Gas: A unit used to measure the computational effort of processing a transaction or smart contract in the Ethereum network. It “fuels” the Ethereum network.
Gas Price: T he maximum amount a user is willing to pay for a transaction on the Ethereum Network.
Genesis Block: The first block of data that is processed and validated from a new blockchain, also called block 0 or block 1.
Governance Token: A token provided to participants on the network that provides them the power to vote on governance. It can be given as a reward incentive for completing some tasks or can be bought at a price.
Group Mining: Group mining is when a group of miners combine their mining power to increase their chances of validating a block.
Gwei: T he denomination used to determine the cost of gas on an Ethereum Network, such as a gas price of 10,000 Gwei.
Hacking: The process of using a computer to forcefully gain access to another system.
Halving: A situation in which the total reward a miner should receive per block is halved.
Hard Cap: Refers to the total maximum supply of a crypto asset.
Hard Fork: A cryptocurrency splits in two, creating a new blockchain that follows a different protocol. Bitcoin Cash is a hard fork of Bitcoin.
Hardware Wallet: C ryptocurrencies are often stored on a virtual wallet. A hardware wallet allows you to store crypto on a physical medium such as a USB stick.
Hash: An algorithm that maps data of arbitrary size to a bit string of a fixed size and is a one-way function. It can't be read without a cipher.
HODL: Stands for “Hold on for Dear life.” It suggests holding your cryptocurrencies for an extended period of time without the pressure of price changes.
Hot Wallet: A crypto wallet connected to the internet to facilitate hot storage of cryptocurrencies.
Hot Storage: Storing private keys online, which offer quick access to cryptocurrencies. This also comes with a higher risk.
Immutable: A feature of an asset that marks it as difficult to change or modify.
Impermanent Loss: A temporary loss that involves a trader losing some capital because of volatility in a trading pair.
Inflation: A decrease in the buying power of money and an increase in prices.
Initial Bounty Offering (IBO): A financial scheme in which participants contribute their skills to a project rather than funds.
Initial Coin Offering (ICO): Sell tokens with the intention of crowdfunding a project.
Initial Exchange Offering: A crowdfunding scheme through which crypto start-ups generate funds through listing on an exchange.
Initial Token Offering (ITO): I t focuses on offering tokens which have its intrinsic value in the form of software or energy which are then offered on sale as a means of crowdfunding a project.
Intermediary: Refers to a middleman or a go-to-person in a transaction between two other parties, a seller and buyer.
Invest: S etting aside money in a financial scheme or project with the aim of making profit.
JOMO: Stands for ‘joy of missing out’.
KYC: “Know your customer”, the obligation of the financial company to verify the identity of the customer.
Ledger: T his is a (digital) record book of all transactions on a cryptocurrency network, also known as the blockchain. The records are updated in real-time & show a history of all transactions from the day of inception to present making verification of data easy.
Leverage: R efers to funds loaned from crypto exchanges to increase a trader’s trading power.
Lightning Network: Layer two payment protocols on top of the blockchain. Its goal is to solve Bitcoin scalability issues by enabling faster, scalable transactions between and across nodes.
Light Node: Light nodes refer to downloaded wallets connected to a full node to help in the validation of transactions on a blockchain.
Liquidity: An indication of how easily cryptocurrency can be bought and sold.
Liquidity Pools: T hese are created to provide consistent liquidity in a market by enabling the trade of trading pairs on a decentralized exchange.
Liquidity Provider: This refers to active participants on a decentralized exchange platform that provide funds to fund a liquidity pool.
Long/ Long Position: A trading strategy in which you purchase cryptocurrencies with the expectation that the value would increase so you can sell for a higher profit in future.
Mainnet: A blockchain that is running on its own technology and protocol.
Margin Call: A notification from an exchange which loaned leverage informing a trader that their position is running at a loss. The trader may be asked to either provide more collateral or the account would be closed and liquidated.
Margin Trading: It refers to a trading strategy that helps increase a trader's trading capital by taking a loan from an exchange.
Market: A gathering of people in an area, either physical or virtual, where trades and similar transactions are completed.
Market Capitalization: T his is calculated by multiplying the total amount of coins of a cryptocurrency in circulation and its price. It is also used to rank cryptocurrencies.
Market signal: R efers to an indication or information passed across passively or intentionally among traders in a given market.
Marlin Protocol: High-performance network infrastructure for modern decentralized networks.
Max supply: T he total amount of coins of a cryptocurrency that would exist in a lifetime.
MetaMask: A cryptocurrency wallet that allows you to interact on the Ethereum Network and participate in DeFi projects.
Microtransaction: Tiny payments that are made in exchange for digital products or services. An example would be purchasing something in a video game, which could be in-game currency or upgrades.
Mining: Using GPU power to solve PoW equations that add blocks to the blockchain and verify transactions.
Miner Fee: A lso called transaction fees, users of a cryptocurrency who send out coins on the cryptocurrency blockchain/network pay small amounts of their coins to miners whose work is to verify the authenticity of transactions on the network and are paid according to the size of value being sent.
Mining Contract: A mining initiative in which the hashing power of a mining hardware is loaned out for a certain amount of time. It may also be referred to as cloud mining.
Mining Reward (Block Reward): T he reward received from contributing your computation power to process transactions.
Mining Pool: Grouping together computational power to gain an advantage in finding the next block on the blockchain.
Mining Rig: A computer used for mining. It is usually composed use multiple GPUs to get the highest hash rate.
Mnemonic Phrase: A phrase or list of words used to access and recover cryptocurrency assets.
Mnemonics: A learning technique or memory aid that helps to aid retention and retrieval of information.
Mobile Wallet: A virtual wallet that operates on a mobile device, stores payment information and can be used to complete transactions.
Money Laundering: A n evasive strategy employed by criminals to hide their funds from the government.
Moon: A crypto slang used to describe continuous upward price movement of a cryptocurrency.
Multi Signature: More than one key is required to authorize a transaction, that way if a single key is compromised one or more keys are still required to approve the transaction.
Network: All active nodes of a blockchain at any time.
Newb/Newbie: D escribes an individual who is new to a particular industry or just started participating in an activity. Such an individual may also be referred to as a beginner or novice.
No-coiner: A person who has strong convictions that cryptocurrencies would fail and holds no cryptocurrencies.
Node: I t refers to a device or system connected to a network.
Non-custodial: The users directly hold their private keys to their wallets.
Non-Fungible Token (NFT): R efers to tokens that cannot be duplicated or replicated.
Noobs: An individual who is new and doesn’t have much experience in an industry.
Offline Storage: Storing cryptocurrency on a device that is not connected to the internet.
Online Storage: T he storage of cryptocurrencies in a device or wallet that is connected to the internet.
Open Source: The open-source model is a decentralized software development style in which the source code is available to the general public for use, audit & modification from its original design free of charge.
Over the Counter (OTC): Over the counter trading is an activity done directly between two parties without using a regular exchange.
Pair: T he trade or exchange of one cryptocurrency for another.
Paper wallet: A paper wallet is an offline mechanism for storing cryptocurrency. The process involves printing the private keys and Bitcoin addresses onto paper. Whatever can happen to cash can happen to a paper wallet so safekeeping is advised.
Password Manager: A software application or tool that helps you manage passwords for different applications and software.
Peer to Peer(P2P): An interaction between decentralized parties in a distributed network.
Peg: A fixed price or exchange rate between two assets.
Phishing: A fraudulent cybercrime in which an attacker disguises as a trusted entity to steal your information through emails, SMS, social media platforms.
Ponzi scheme: A fraudulent investment scheme in which the investments of an individual is used to pay existing investors.
Portfolio: A collection of cryptocurrencies held by an individual or a fund.
Private Key: A code generated from the encryption process, which can be paired with the public key to decrypt information.
Priority: The speed at which your transaction will be included in a block. The higher the priority the faster the transfer.
Proof-of-Authority: A consensus algorithm that uses identity as a stake in validating transactions and running the blockchain network.
Proof of Stake(PoS): A blockchain consensus mechanism in which the creator of the next block is chosen by various variables.
Proof of Work(PoW): A blockchain consensus mechanism that involves solving computational intensive equations to validate transactions and create new blocks.
Protocol: A rule set that defines interactions on a network.
Public Address: A cryptographic hash of a public key, this address allows you to receive cryptocurrency.
Pseudonymous: A false name used to identify a person.
Public Blockchain: A blockchain network that can be accessed by anyone from a computer system.
Public Key: A cryptographic system that uses pairs of keys: the public key which can be circulated widely and private key which is only known by the owner.
Public Ledger: A ledger in which anyone can access or view every transaction ever made on the blockchain network.
Pump and Dump (P&D) Scheme: A fraudulent scheme that involves the artificial inflation of the price of a cryptocurrency, which the intention of selling the once low priced currency at a higher amount.
Pyramid Scheme: A fraudulent scheme that undertakes a hierarchical structure and pays the top tier members with funds from new members.
QR Code: A label that shows information encoded into a graphical black and white patter. Ofter used to share wallet address.
Rank: The position a crypto asset holds by value of its market capitalization.
Regulation: A set of rules implemented by an authority or government that guides an activity.
Rekt: A crypto slang for “wrecked” that represents a bad trade.
Relative Strength Index (RSI): A trading tool that is used to measure the price movement of a crypto asset to determine the strength of its market.
Ring Signature: A signature in a cryptographic set up, which a set of participants that have access to unique keys can create. It is used to obscure the identities of participants in a transaction.
ROI: “ Return on Investment”, the ratio between the net profit and cost of investing.
Satoshi: A satoshi is the smallest unit of a bitcoin. It is equal to one hundred millionth of a bitcoin, or .00000001 BTC. A satoshi are to Bitcoin what cents are to the dollar.
Satoshi Nakamoto: A n individual or group of individuals that are responsible for creating Bitcoin. The identity of Satoshi Nakamoto has never been confirmed.
Scalability Limitation: R efers to the limitation of a blockchain that limits the speed of its transactions and the quantity of transactions it can process in a time frame.
Scalability Solution: A proposed solution with the aim of solving the scalability limitations of a blockchain network.
Scam: A cryptocurrency that is known to be deceptive or fraudulent.
Scammer: A person who participates in a fraudulent scheme to steal people’s funds or crypto assets.
Security Token: A digital token that validates or authenticates a person’s identity by storing their personal information.
Security Token Offering: A public offering in which digitized security tokens are offered on sale to the public.
Seed: A list of random words which store all the information needed to recover a Bitcoin wallet.
Segregated Witness (SegWit): A Bitcoin Improvement Proposal (BIP) that is geared towards solving bitcoin scalability problems.
Shilling: P romoting a cryptocurrency.
Short: A trading technique in which a trader sells an asset with the expectation that it would decline in price so he can make a purchase when it drops and sell for a higher price later.
Signal: A n indicator that informs traders on whether they should buy or sell an asset.
Smart Contract: A software protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and supposedly irreversible.
Shitcoin: The term crypto traders give to some coins which they perceive to be of little or no value.
Soft Fork: A software upgrade, similar to updating an app on a mobile device that occurs on the blockchain. It renders previous transactions invalid and miners may have to upgrade their software to continue the mining process.
Software Wallet: A computer program that allows you access to your cryptocurrencies and helps to secure its transactions.
Spyware: A software that infiltrates your system to steal sensitive information.
Stablecoin: A stablecoin is a type of cryptocurrency that has a fixed price with the intention of offering stability to those who want little to no volatility while dealing with cryptocurrencies. They are often backed by a reserve asset like the USD or gold.
Stake: A n amount of crypto funds set aside as collateral
Store of Value: A feature of an asset that allows it to be stored, exchanged and retrieved.
Symbol: A distinct mark or character used to identify an item, function, or activity.
Technical Analysis: A trading method or strategy that allows a trader to forecast the price movement of an asset by studying the past market trends.
Testnet: T he testnet is an alternative blockchain, to be used for testing software upgrades & improvement protocols to work out errors & bugs before being moved to the main blockchain.
Think Long Term (TLT): An investment mindset that convinces you to store an asset for an extended time frame (months or years) to maximise profit.
Time Lock: A lso referred to as Locktime, a feature that determines the time frame in which a transaction should be processed.
Timestamp: A timestamp is a sequence of characters or encoded information identifying when a certain event occurred, usually giving date and time of day. Entries in decentralized ledgers are timestamped.
Token: Created it for its utility of providing access to a larger crypto economic system. They are made so the software can be developed around them.
Tokenize: T he process of giving digital value to real assets for the purpose of offering ownership.
Token Swap: Refers to the direct exchange of a token for another. It could also refer to the migration of a token to another blockchain.
TOR: An open source decentralized software that anonymizes a user’s web activities such that it is difficult to track.
Total supply: T he total amount of cryptocurrencies in existence with exceptions of cryptocurrencies that have been burned.
Trading Tournament: A trading campaign employed by crypto exchanges to encourage traders to trade more to earn a reward.
Trading Volume: The amount of cryptocurrencies traded within 24 hours
Transaction (TX): The exchange of an asset
Transaction ID (TXID): E very cryptocurrency transaction comes with a transaction ID the same way every bank transaction comes with a transaction ID. This ID is a unique string of letters & numbers that makes a transaction trackable on the blockchain of the cryptocurrency.
Transaction Fee: Also called miners’ fees, users of a cryptocurrency who send out coins on the cryptocurrency blockchain/network pay small amounts of their coins to miners whose work is to verify the authenticity of transactions on the network and are paid according to the size of value being sent.
Trustless: This is a system of distributing trust among different actors in a system via an economic game that incentivizes participants in the system to cooperate with the rules defined by the protocol. The Bitcoin blockchain is an example.
Two Factor Authentications (2FA): A digital security measure that necessitates a user to provide two proofs of identity before they can access a website or application.
Unbanked: Refers to a group of people that do not have access to banking service or choose not to because of certain limitations.
Underbanked: A grouping of people who have limited access to banking services.
Unconfirmed: This is when a transaction hasn’t been verified on the blockchain by miners.
Unpermissioned Ledger: A digital record-keeping software that anyone can download, run and add entries into it according to the preset rules to achieve consensus without license or restriction from a central source.
UTC Time: Referred to as "Coordinated Universal Time," which is the standard through which time in the world is regulated.
Utility Token: A token purchased with the expectation that it would offer the buyers certain privileges to consumer products.
Validator: A participant who takes part in the validation of blocks on the Proof-of-Stake Consensus Algorithms.
Vaporware: A product that is announced to the public, but is never actually created.
Venture Capital: A form of private equity provided to fund start-ups with potential of growth.
Virgin Bitcoin: R efers to bitcoins that have never been spent.
Vitalik Buterin: Co-founder of Ethereum, the second largest cryptocurrency.
Volatility: The degree of variation in trading prices over a period of time, measured by using the standard deviation of returns.
Volume: The amount of cryptocurrency that has been traded over a period of time, the supply and demand play a role in determining this.
Wallet: A software system that stores a user’s information, transaction details and funds.
Wash Trade: A market manipulation strategy that involves purchasing and selling assets through different identities to create false activity in the market.
Weak Hands: A trader who has the tendency to sell an asset at slightest inclination of a price decline.
Website: A set of web pages with related contents under a domain name registered to an individual or entity.
Wei: The smallest denomination of Ethereum. 1 Eth = 1,000,000,000,000,000,000 Wei
Whale: A n investor who has a large amount of crypto, enough to manipulate the market.
When Lambo: A crypto slang referring to a time frame in which crypto traders would get rich enough to purchase a Lamborghini. It is often used along with the phrase “When Moon” suggesting a time in which cryptocurrencies would explode in value.
Whitelist: A list of participants who indicate interest in participating in an Initial Coin Offering (ICO).
Whitepaper: A document prepared for investors that outlines the vision, cryptocurrency use, cryptoeconomic design, technical information, and a roadmap.
Xylyl: A univalent radical.
YTD: Y ear to Date.
Yield Farming: Yield farming involves the practice of staking or lending your crypto funds to generate profit.
Zero Confirmation Transaction: A nother name for an unconfirmed transaction.