Airdrop
distribution
Systematic distribution of free tokens to encourage adoption and interest in a cryptocurrency asset.
All Time High | ATH
finance, trading, concept
Highest price an asset has been traded.
Altcoin
concept, coin
Any crypto coin or token that is not the leader of it's asset type.
Altseason
trading
The stage of the market where money flows into altcoins rather than bitcoin, or from bitcoin to altcoins.
AMM
trading, dex
A sort of decentralized trading platform which use smart contracts and algorithms to determine the price.
Annual Percentage Yield | APY
finance, trading
The rate of return expected over the course of a year, taking into account compound interest.
Arbitrage
strategy, trading
Simultaneous buying and selling the same asset across competing markets for profit.
ASIC
mining
Specialized, highly efficient, mining hardware.
Asset
fundamentals
Any resource with economic value which is expected to bring future value.
Bagholder
trading
Everyone holding onto crypto assets.
BCC
meme, ponzi
Bitconneeeeeeeeeect!
Bearish
investing
When the market trend is negative and prices are dropping over a prolonged period.
Bit
unit
1/1,000,000 of a bitcoin, or 100 satoshis.
Bitcoin | BTC
coin, btc
Bitcoin (BTC) is the primary peer to peer electronic ledger. It is the blockchain with the most security and hashpower.
Bitcoin Cash | BCH
coin, bch
Peer to peer electronic cash system.
Block
mining, blockchain, security
A set of transactions confirmed on the blockchain. Each block builds upon the block before it.
Block Height
blockchain
Number of blocks between the target and genesis blocks. Each confirmation increases the block height by 1.
Block Reward
mining, distribution
Coins awarded to a miner for discovering a block solution.
Blockchain
concept, blockchain
Peer-to-peer, distributed ledger comprised of a continuous chain of blocks, where each block builds upon the block before it.
Bullish
investing
When market sentiment is positive and the price is in an upward trend.
Burn
concept
Destruction of a crypto asset, either on purpose or by mistake.
Buy High Sell Low
strategy, meme
Buy an asset at a high value, sell it at a low value. Very common strategy.
Buy Low Sell High
strategy, meme
Buy an asset at a low value, sell it at a high value. Very rare strategy.
Buy The Dip | BTD
strategy, meme
An accumulation strategy of buying a coin after a sudden price decrease.
Canonical Transaction Ordering | CTOR
bch, scaling
Ordering the transactions within a block by their transaction ID; allows for faster lookup and mining optimizations.
CashFusion
privacy, bch
Privacy protocol on Bitcoin Cash which makes coins untraceable.
CashShuffle
privacy, bch
Privacy protocol on Bitcoin Cash which makes coins untraceable by shuffling coins into uniform denominations
Circulating Supply
blockchain
Total number of coins/tokens in circulation.
Confirmations
security, blockchain
Number of blocks confirmed since the transaction was confirmed.
Consensus
security
Agreement among the majority of nodes as to which block or blockchain to follow.
Dead Cat Bounce
trading
A slight price recovery during a falling market.
Death Spiral
attack
The slow death of a blockchain from a sudden decrease of hash power.
Decentralized Application | DApp
feature
A decentralized application executed across a blockchain network.
Decentralized Exchange | DEX
trading, exchange
A decentralized exchange where users trade digital assets directly, without going through a third party.
DeFi
fundamentals, concept
DeFi is an exciting new space of decentralized finance. Usually trustless and non-custodial.
Difficulty
mining, security
Expected hash power to mine a block. Regularly adjusted to hit the target difficulty and block time.
Dollar Cost Averaging | DCA
strategy, investing
An accumulation strategy to buy an asset over a period of time.
Double Spend
scam, security
Spending the same coins in multiple competing blocks to defraud a payment.
Dump
trading, strategy
Selling off of one's position in a crypto asset.
Dust
concept
An amount of a crypto asset which is below the minimum miner fee.
ERC-20 Token
eth, token
A token on the Ethereum network which follows the ERC20 standard.
ERC-721 Token
eth, token
A non-fungible token on the Ethereum blockchain, often used for collectibles.
Ethash
mining, eth
A hashing algorithm created for and by Ethereum (ETH).
Ethereum | ETH
coin, eth
Ethereum (ETH) is the leading distributed application network, focused on making smart/programmable money.
Ethereum Virtual Machine | EVM
eth
The Ethereum Virtual Machine is the runtime environment which Ethereum (ETH) smart contracts execute within.
Exchange
trading, exchange
A business which facilitates cryptocurrency trading. Some deal with only crypto-crypto pairings while others support crypto-fiat pairings as well.
Faucet
distribution
Method of distributing small amounts of free coins to a large amount of users.
Fiat
finance, shitcoin
Currencies which have been declared to be legal tender, backed by governments.
Flippening
event
When a crypto asset surpasses Bitcoin (BTC) in market cap and hash power, becoming the most valuable crypto asset.
FOMO | Fear Of Missing Out
trading, slang
Fear Of Missing Out. The fear that an opportunity will pass by without you.
Fork
mining, event
The process of a blockchain splitting into 2 blockchains.
FUD
trading, slang, attack
Spreading negative sentiment towards the future of a coin, sometimes with reason, sometimes without.
ICO
distribution
Distribution method to purchase coins before they are built in order to fund development of new projects, hopefully.
IEO
distribution
Distribution method to purchase coins before they launched, facilitated by an exchange.
Instamine
distribution, mining
A large portion of the maximum supply being mined during the launch of the cryptocurrency, leading to unfair distribution.
Lambo
meme
Everyone in crypto has one, or two.
Lightning Network
btc, scaling
Second layer network on Bitcoin (BTC) which enables fast, cheap, and anonymous transactions.
Limit order
trading
A buy or a sell order executed at a set price threshold.
Liquidity
finance, trading
How much of a crypto asset can be bought or sold without effecting the market price.
Locktime
technical
Transaction which spendable after a given time or blockheight is reached.
Majority Attack | 51% attack
attack
Reversing or preventing transactions by controlling the majority of a network's hash rate.
Market Cap
finance, trading
Circulating Supply × Current Price.
Market Order
trading
A buy or a sell order which is executed immediately at current market prices.
Masternode
security, distribution
Masternodes are special nodes which can vote and get some of the mining rewards on certain blockchains.
Maximalist
concept
Person or entity who maximizes their holdings of a singular specific cryptocurrency asset.
Maximum Supply
finance, trading
Upper limit for the amount of a coin/token which can exist.
Mempool
mining, blockchain
The holding area in a node for all pending transactions on the network which have not yet been included within a confirmed block.
Mining
distribution, security
Process by which new coins or tokens are minted into the system.
Mining Pool
mining
Miners pooling their hash power together in order to gain more consistent rewards.
Minting Baton
slp, token
Special token used to create (mint) more of a token.
Mnemonic
security, wallet
A string of words which can be used to derive a private key. Usually 12 or 24 words long.
Mooning 🌕
meme
When a crypto asset exponentially increases in value, aggressively.
Multi Signature
security, wallet
Wallet which requires signatures from multiple private keys to access the funds.
OP_RETURN
technical
Opcode which marks output as invalid and writes data to the chain. Useful for building onchain protocols to extend bitcoin.
Opcode
technical
Operation of the bitcoin script language, enabling complex transactions.
Orphan
mining
A block which no longer has a valid path to the tip of the blockchain.
Premining
distribution, mining
The mining of a certain number of coins prior to the cryptocurrency being made available to the public.
Privacy Coins
security, wallet, basics
A set of coins with a focus on private and anonymous transactions.
Private Key
security, wallet, basics
Account on the blockchain. A cryptographic key used to derive public keys and sign transactions.
Proof of Stake | PoS
mining, blockchain
Method of mining using ones stake in the cryptocurrency to create new coins and validate transactions.
Proof of Work | PoW
mining, blockchain
Method of mining using computing power to generate verify transactions.
Public Key
security, wallet, basics
A unique public identifier, used for receiving crypto payments or assets.
Pump and Dump
trading, strategy
Scheme to artificially increase the price of an asset then dump it on unsuspecting investors.
Satoshi Nakamoto
myth, person
Mythological creator of Bitcoin.
Satoshis | Sats
unit
Smallest fraction of a bitcoin; 1/100,000,000th of a bitcoin.
Schnorr Signatures
bch, scaling
Digital signature algorithm which can decrease transaction size, improve privacy, and fix malleability issues.
SegWit
scaling, btc
Separates the transaction into two segments - transaction and witness data -, which fixes transaction malleability, and enables more transactions per block.
SHA-256
mining, btc, bch
Most widely used hashing algorithm for cryptocurrencies, used by both Bitcoin Cash (BCH) and Bitcoin (BTC).
Shill
person
Person who attempts to convince others of the superiority of the coin they hold.
Shitcoin
meme, shitcoin
Every coin you don't hold.
Simple Ledger Protocol
bch, token
A protocol for tokens on the Bitcoin Cash (BCH) blockchain. Very simple and cheap to use.
Simplified Payment Verification | SPV
security, scaling
Method to verify transactions on the blockchain with minimal data. Allows wallets to function verify their balances themselves, and not rely on centralized servers.
Stop Limit Order
trading
A buy or sell market order triggered at a set price threshold. Stop Limit sell orders are also known as a "Stop Loss" orders.
Testnet
development
An identical copy of a blockchain using worthless coins/tokens for the purpose of development and testing.
Token
basics, blockchain
Tokens are programmable digital assets which live on a blockchain.
Total Supply
blockchain
Total number of a coin/token available.
Transaction | Tx
concept, basics
An entry in the blockchain ledger which describes the exchange of an asset from one address to another.
Transaction Fee | Miner Fee
mining, security
Payment to miners as a reward for including a transaction in a block.
Transactions Per Second | TPS
concept, scaling
The number of transactions a blockchain is able to support per second, on average, over a period if time.
Two Factor Authentication | 2FA
security
An additional layer of security, often requiring a physical phone or other physical security device.
* All terms and definitions may change as the Cryptionary improves
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