Cryptionary

114 crypto terms to know

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Airdrop

A strategic distribution of complimentary tokens to stimulate interest and engagement in a cryptocurrency asset.

All Time High

ATH

The peak historical price of a traded asset.

finance, trading, concept

Altcoin

A cryptocurrency that serves as an alternative to the dominant coin in its category.

Altseason

A market phase characterized by a surge in altcoin investments.

AMM

Automated Market Maker

A decentralized trading platform that uses smart contracts and algorithms to determine asset prices.

trading, dex

Annual Percentage Yield

APY

The projected annual return, factoring in compound interest.

finance, trading

Arbitrage

The practice of profiting from price discrepancies of the same asset across different markets.

ASIC

Application Specific Integrated Circuit

Specialized hardware designed for efficient cryptocurrency mining.

mining

Asset

A resource with economic value expected to provide future benefit.

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Bitcoin

BTC

Bitcoin (BTC) is the first and most secure peer-to-peer electronic cash system, underpinned by blockchain technology.

cryptocurrency, btc

Bitcoin Cash

BCH

A cryptocurrency designed for peer-to-peer electronic cash transactions.

cryptocurrency

Bitconnect

A cryptocurrency associated with a notorious Ponzi scheme.

Block

A collection of transactions confirmed on the blockchain, each block building upon the previous one.

Block Height

The number of blocks preceding a particular block in a blockchain.

Block Reward

The reward given to a miner for validating a new block on the blockchain.

Blockchain

A decentralized, peer-to-peer ledger system composed of a continuous chain of blocks.

Bullish

A term used to describe positive market sentiment, characterized by rising prices and investor confidence.

Burn

The intentional or unintentional destruction of a cryptocurrency, resulting in a decrease in supply.

Buy High Sell Low

A counterproductive investment strategy of buying an asset at a high price and selling it at a low price.

Buy Low Sell High

An investment strategy of purchasing an asset at a low price and selling it at a high price.

Buy The Dip

BTD

An investment strategy of purchasing an asset after a significant price decrease.

strategy, meme

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Canonical Transaction Ordering

CTOR

A rule in Bitcoin Cash that orders transactions within a block by their transaction ID, enabling faster lookup and mining optimizations.

bch, scaling

CashFusion

A privacy-enhancing protocol on Bitcoin Cash that obfuscates transaction trails to enhance user privacy.

CashShuffle

A privacy protocol on Bitcoin Cash that enhances user privacy by shuffling coins into uniform denominations.

Circulating Supply

The total number of coins or tokens that are actively available in the market.

Confirmations

The number of blocks added to the blockchain since a transaction was included.

Consensus

The process used by blockchain networks to agree on the state of the distributed ledger.

Cryptocurrency Exchange

A platform that facilitates the buying, selling, and trading of cryptocurrencies. Exchanges can support crypto-to-crypto or crypto-to-fiat transactions.

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Dead Cat Bounce

A temporary recovery in prices during a prolonged bear market.

Death Spiral

A potential scenario where a blockchain's functionality grinds to a halt due to a sudden decrease in hash power.

Decentralized Application

DApp

A decentralized application (DApp) is a software application that runs on a distributed computing system, most commonly a blockchain.

blockchain, software

Decentralized Exchange

DEX

A decentralized exchange (DEX) is a platform that allows users to trade digital assets directly with each other, without the need for an intermediary, such as a brokerage or bank.

trading, exchange, blockchain

DeFi

DeFi, or Decentralized Finance, is a revolutionary sector in the blockchain industry that uses smart contracts to create permissionless financial services that are open to everyone and operate without intermediaries.

Diamond Hands

A term used in the investing community to describe an investor's strong will to hold onto their investments, even in the face of significant price drops or volatility.

Dollar Cost Averaging

DCA

A systematic investment strategy that involves buying a fixed dollar amount of an asset at regular intervals, regardless of its price.

strategy, investing

Double Spend

A fraudulent technique where the same digital currency is spent more than once, exploiting the digital nature of cryptocurrency transactions.

Dump

A trading term referring to the rapid selling off of a cryptocurrency or other asset, often causing its price to drop.

Dust

A minuscule amount of a crypto asset that is less than the minimum transaction fee.

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ERC-20 Token

A standard for tokens on the Ethereum blockchain, defining a common list of rules for all Ethereum tokens to follow.

ERC-721 Token

A standard for non-fungible tokens (NFTs) on the Ethereum blockchain, often used for unique digital assets and collectibles.

Ethash

Ethash is Ethereum's Proof-of-Work (PoW) hashing algorithm, designed to be ASIC-resistant and memory-intensive.

Ethereum

ETH

Ethereum (ETH) is a decentralized, open-source blockchain network featuring smart contract functionality.

coin, blockchain, platform, smart contract

Ethereum Virtual Machine

EVM

The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on the Ethereum blockchain.

eth, platform, smart contract

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Faucet

A faucet is a method of distributing small amounts of free cryptocurrencies to users, often as a promotional strategy.

Fiat Currency

Fiat currency is a type of currency that is declared as legal tender by a government, and it is not backed by a physical commodity like gold or silver.

Flippening

The Flippening refers to the hypothetical future event when a cryptocurrency surpasses Bitcoin in market capitalization, becoming the most valuable cryptocurrency.

FOMO

Fear Of Missing Out

Fear Of Missing Out (FOMO) is an emotional response in trading, driving individuals to invest due to the fear of missing out on potential profits.

trading, slang

Fork

A fork is a divergence in a blockchain that results in two or more separate paths, often due to changes in consensus rules or protocol updates.

FUD

Fear, Uncertainty, and Doubt

FUD, or Fear, Uncertainty, and Doubt, refers to the spread of negative, misleading, or false information to harm the reputation of a cryptocurrency or project.

trading, slang, attack

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Genesis Block

The Genesis Block, also known as Block 0, is the first block of a blockchain, marking the inception of a new cryptocurrency.

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Halving

Halving is a pre-scheduled event in a blockchain where the reward for mining new blocks is halved, decreasing the rate at which new tokens are generated.

Hash rate

Hash rate refers to the computational power used in mining and validating transactions on a blockchain network.

Hodl

Hodl, a misspelling of 'hold', is a slang term in the crypto community for holding onto a cryptocurrency rather than selling or trading it.

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ICO

An ICO, or Initial Coin Offering, is a fundraising mechanism in which new projects sell their underlying tokens in exchange for bitcoin and ether.

IEO

An IEO, or Initial Exchange Offering, is a fundraising event where a cryptocurrency exchange facilitates the sale of tokens for a new project.

Instamine

Instamine refers to a large portion of a cryptocurrency's maximum supply being mined shortly after its launch, potentially leading to unfair distribution.

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JOMO

Joy Of Missing Out

JOMO, or Joy Of Missing Out, refers to the satisfaction derived from not participating in a potentially risky investment, even if it proves successful for others.

trading, slang

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Know Your Customer

KYC

KYC, or Know Your Customer, is a regulatory requirement for businesses to verify the identity of their customers, aimed at preventing illegal activities.

regulation, security

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Lambo

A term in crypto culture referring to the aspiration of wealth and luxury.

Lightning Network

A second layer solution on Bitcoin's blockchain enabling fast, low-cost transactions.

Limit Order

A trading instruction to buy or sell an asset at a specified price or better.

Liquidity

The ease with which a crypto asset can be bought or sold without affecting the market price.

Locktime

A parameter in a transaction that specifies when it can be added to the blockchain.

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Majority Attack

51% attack

A potential attack on a blockchain network where a single entity gains control of the majority of the network's hash rate.

attack

Market Cap

The total value of all circulating units of a particular cryptocurrency.

Market Order

A type of order to buy or sell a security at the best available price in the current market.

Masternode

Masternodes are powerful servers on a blockchain network that perform special tasks, have voting rights, and receive a share of the mining rewards.

Maximalist

An individual or entity who strongly believes in the superiority of a specific cryptocurrency and primarily invests in it.

Maximum Supply

The predetermined total number of a cryptocurrency that will ever exist.

Mempool

A temporary storage space in a node for pending transactions that have not yet been included in a confirmed block.

Mining

The process by which new coins or tokens are minted and transactions are confirmed on a blockchain.

Mining Difficulty

The measure of how difficult it is to find a new block for a blockchain. It is regularly adjusted to maintain the target block time.

Mining Pool

A collective of miners who pool their computational resources to mine blocks more consistently and share the rewards proportionally.

Minting Baton

A unique token that grants the ability to create more of a specific SLP token.

Mnemonic

A sequence of words used to generate and recover a private key, typically 12 or 24 words long.

Mooning 🌕

A term used when a crypto asset experiences a rapid and significant increase in value.

Multi Signature

A type of digital wallet that requires signatures from multiple private keys to authorize transactions.

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Node

A device that participates in a blockchain network, with roles varying from transaction validation to block creation.

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OP_RETURN

An opcode in Bitcoin's scripting language that allows data to be written onto the blockchain, while marking the output as unspendable.

Opcode

A fundamental element of Bitcoin's scripting language that enables complex transactions.

Orphan Block

A valid block which is not included in the current longest blockchain and thus does not contribute to the consensus protocol.

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Premining

The act of mining a portion of cryptocurrency coins before the blockchain is publicly launched.

Privacy Coins

Cryptocurrencies that prioritize secure, private, and anonymous transactions.

Private Key

A cryptographic key used to sign blockchain transactions and derive public keys.

Proof of Stake

PoS

A consensus algorithm where one's stake in the cryptocurrency is used to validate transactions and create new blocks.

mining, blockchain

Proof of Work

PoW

A consensus algorithm where computing power is used to solve complex problems, verify transactions, and create new blocks.

mining, blockchain

Public Key

A cryptographic identifier, used for receiving blockchain transactions.

Pump and Dump

A manipulative scheme to inflate the price of an asset and then sell it to unsuspecting investors.

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Rekt

A slang term derived from 'wrecked', used to describe a significant loss in a cryptocurrency's value in a short period.

Replace By Fee

RBF

A Bitcoin feature that allows unconfirmed transactions in the mempool to be replaced with another transaction that includes a higher mining fee.

btc

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Satoshi Nakamoto

Pseudonymous creator of Bitcoin.

Satoshis

Sats

The smallest unit of Bitcoin, equivalent to one hundred millionth of a Bitcoin.

unit, bitcoin

Schnorr Signatures

A digital signature algorithm that optimizes transaction size, enhances privacy, and resolves malleability issues.

SegWit

A protocol upgrade that separates transaction data into two segments, mitigating transaction malleability and increasing block capacity.

SHA-256

A cryptographic hash function used extensively in cryptocurrencies like Bitcoin (BTC) and Bitcoin Cash (BCH).

Shill

A person or action promoting a specific cryptocurrency, often for personal gain.

Shitcoin

A derogatory term for a cryptocurrency considered worthless or doomed to fail.

Simplified Payment Verification

SPV

A method that allows Bitcoin wallets to verify transactions with minimal data, reducing reliance on centralized servers.

security, scaling

Stop Limit Order

A type of order that combines the features of stop order and limit order. It becomes active once a certain price is reached, known as the stop price.

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Testnet

A parallel network to the main blockchain, used for testing and development purposes, where the coins have no real-world value.

Token

Tokens are programmable digital assets residing on a blockchain, often representing a variety of tangible and intangible assets.

Total Supply

The total quantity of a specific coin or token that is currently in existence, including those circulating in the public market and those locked or reserved.

Trading Volume

The total quantity of an asset traded within a specified timeframe.

Transaction

A record of asset exchange between addresses, stored on the blockchain ledger.

concept, basics

Transaction Fee

Miner Fee

A fee paid to miners as an incentive to include a transaction in a block.

mining, security

Transactions Per Second

TPS

The measure of a blockchain's scalability, indicating the number of transactions it can process per second.

concept, scaling

Two Factor Authentication

2FA

A security measure requiring two types of identification for account access.

security

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UTXO

Unspent Transaction Output

UTXOs represent the current balance of a Bitcoin address and are used as inputs for transactions.