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328 terms
A
18 terms

Account Model

A ledger design where balances are tracked by accounts rather than discrete outputs.

technology
fundamentals

Address

A public identifier used to receive cryptocurrency on a blockchain network.

wallet
fundamentals

Air-gapped Wallet

A wallet kept on a device that has never been connected to the internet.

wallet
security

Airdrop

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

distribution
marketing
tokenomics

Algorithmic Stablecoin

A stablecoin that targets a peg using algorithmic supply rules rather than full collateralization.

stablecoin
tokenomics

All Time High (ATH)

The peak historical price of a traded asset.

finance
trading
concept

All Time Low (ATL)

The lowest historical price of a traded asset.

finance
trading
concept

Altcoin

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

concept
coin

Altseason

A market phase characterized by a surge in altcoin investments.

trading

AMM (Automated Market Maker)

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

trading
dex

Annual Percentage Rate (APR)

The yearly interest rate without accounting for compound interest.

finance
trading

Annual Percentage Yield

The projected annual return, factoring in compound interest.

finance
trading

Anti-Money Laundering

Laws and processes that aim to prevent illicit funds from being disguised as legitimate.

regulation
compliance

Ape

Slang for entering a trade or project quickly with high conviction and limited due diligence.

slang
trading

Arbitrage

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

strategy
trading

ASIC

Specialized hardware designed for efficient cryptocurrency mining.

mining

Asset

A resource with economic value expected to provide future benefit.

fundamentals

Atomic Swap

A trustless exchange of assets across chains using time-locked contracts.

technology
trading
B
25 terms

Backup

A redundant copy of critical wallet data (seeds, descriptors, keys) stored to recover funds if a device is lost.

wallet
security

Bagholder

An investor holding onto depreciating assets.

trading

Batching

Combining many payments into a single transaction to reduce fees and chain load.

wallet
efficiency

Bear Market

A prolonged period of declining prices and negative sentiment.

investing

Bearish

A market condition characterized by falling prices and pessimistic sentiment.

investing

Bech32

An address encoding format with error-detection used by Bitcoin and others.

technology
wallet

Bid-Ask Spread

The difference between the highest bid and lowest ask price for an asset.

trading

BIP39 Passphrase

An optional secret added to a BIP39 seed that creates a different wallet; losing it means losing access.

security
wallet

Bit

A sub-unit of Bitcoin, equivalent to 100 satoshis.

unit

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

Bitcoin Improvement Proposal (BIP)

A design document proposing changes or standards for Bitcoin.

governance
technology

Block

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

mining
blockchain
security

Block Explorer

A website or tool for viewing blockchain data like transactions, addresses, and blocks.

tools
fundamentals

Block Height

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

blockchain

Block Reward

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

mining
distribution

Blockchain

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

concept
blockchain
technology

Bridge

Infrastructure that enables moving assets or messages across blockchains.

technology
defi

Bug Bounty

A program offering rewards to security researchers who responsibly disclose vulnerabilities.

security
development

Bull Market

A prolonged period of rising prices and optimistic sentiment.

investing

Bullish

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

investing
market sentiment

Burn

The intentional or unintentional destruction of cryptocurrency tokens, permanently removing them from circulation to affect supply.

concept
strategy

Buy High Sell Low

A counterproductive investment strategy of buying an asset at a high price and selling it at a low price, often driven by emotional decision-making.

strategy
meme

Buy Low Sell High

An investment strategy of purchasing an asset at a low price and selling it at a high price to maximize profit in markets.

strategy
meme

Buy The Dip (BTD)

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

strategy
meme
C
24 terms

Canonical Transaction Ordering

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

bch
scaling

CashAddr

The native address format for Bitcoin Cash (BCH), using a human-readable prefix and Base32 encoding with strong error detection.

wallet
technology
bch

CashFusion

A privacy-enhancing protocol on Bitcoin Cash that obfuscates transaction trails to enhance user privacy without requiring trusted setup.

privacy
bch

CashShuffle

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

privacy
bch

CashTokens

A native token and covenant capability on Bitcoin Cash enabling fungible and non-fungible tokens without smart-contract gas.

bch
token
technology

Centralized Exchange (CEX)

A custodial platform that matches orders and holds user funds.

exchange
custody

Chain Reorganization

A network event where the active chain tip switches to a different branch with more accumulated work.

blockchain
security

Chain Split

A permanent divergence into two or more incompatible blockchain histories.

blockchain
governance

Checksum

A small piece of data derived from a message to detect errors in transmission or entry.

technology
wallet

CheckTemplateVerify

A proposed Bitcoin opcode that would enable simple covenants by committing to a template of future transactions.

proposal
script

Circulating Supply

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

blockchain
cryptocurrency

Coin Age

The time since a UTXO was created; used in analysis, privacy, and some staking systems.

fundamentals
analytics

Coin Control

Manual selection of specific UTXOs when creating a transaction.

wallet
privacy

Coin Selection

The algorithm a wallet uses to choose which UTXOs to spend, impacting fees, privacy, and change.

wallet
fee
privacy

CoinJoin

A privacy technique that combines multiple users’ inputs and outputs in a single transaction.

privacy
technology

Cold Storage

Keeping private keys offline to reduce risk of remote compromise.

security
wallet

Collateral

Assets pledged to secure a loan or position.

finance
defi

Composability

The ability for applications and protocols to permissionlessly build on and integrate with each other.

technology
defi

Confirmations

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

security
blockchain

Consensus

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

security
blockchain

Covenant

A script technique that restricts how coins can be spent in the future, enforcing policies at the UTXO level.

script
security
bch

CPFP

A fee-bumping technique where a new transaction spends an unconfirmed output and pays a high fee to incentivize miners to include both.

mempool
fee
transaction

Cryptocurrency Exchange

A platform that facilitates the buying, selling, and trading of cryptocurrencies. Exchanges can support crypto-to-crypto or crypto-to-fiat transactions and serve as crucial infrastructure in the digital asset ecosystem.

trading
exchange
platform

Custodial Wallet

A wallet where a third party controls the private keys on your behalf.

wallet
security
D
21 terms

DAO (Decentralized Autonomous Organization)

A DAO is an on-chain governance structure where rules are encoded in smart contracts and decisions are made collectively by token holders or members.

governance
organization
defi

Dead Cat Bounce

A temporary recovery in prices during a prolonged bear market.

trading
financial markets

Death Spiral

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

blockchain
mining
attack

Decentralization

The distribution of power and control across many participants, reducing single points of failure or authority.

concept
blockchain

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

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.

blockchain
finance
concept

Delegated Proof of Stake (DPoS)

A consensus mechanism where token holders vote for a limited set of delegates who produce blocks on behalf of the network.

consensus
blockchain

Depeg

When a pegged asset (like a stablecoin) deviates significantly from its target price (e.g., $1).

market
risk

Derivation Path

The structured path notation (e.g., m/44'/0'/0'/0/0) used to derive keys and addresses from a hierarchical deterministic (HD) wallet seed.

wallet
security

Deterministic Wallet

A wallet that derives all keys and addresses from a single seed phrase, enabling easy backup and recovery.

wallet
security

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.

meme
strategy
investing

Difficulty Adjustment Algorithm (DAA)

The consensus rule that periodically recalibrates mining difficulty so average block time stays near the target despite hash rate changes.

mining
consensus
blockchain

Distributed Ledger

A database replicated across many nodes where participants share a synchronized, append-only record of transactions or state.

concept
blockchain

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
risk management

Double Spend

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

scam
security
blockchain
+1

Dump

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

trading
strategy
market manipulation
+1

Dust

A minuscule amount of a crypto asset that is less than the minimum transaction fee, rendering it economically impractical to transfer.

concept
blockchain
cryptocurrency
+1

Dust Limit

The minimum output value a node or miner relays because smaller outputs cost more to spend than they are worth.

policy
fee

Dusting Attack

A privacy attack where tiny amounts of coins (dust) are sent to many addresses to try to link them when spent.

security
privacy

DYOR (Do Your Own Research)

A reminder to independently verify information and evaluate risks before investing or using a crypto project.

culture
risk management
E
15 terms

Emission Schedule

The predefined timeline and rate at which new coins are minted or released into circulation.

economics
mining

Entropy

The measure of randomness used to generate secure seeds, keys, and nonces in cryptographic systems.

cryptography
security

ERC-20 Token

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

eth
token
standard

ERC-721 Token

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

eth
token
standard
+1

Escrow

A trust arrangement where a neutral party holds funds until agreed conditions are met; in crypto, often implemented with multi-signature or time-locked contracts.

finance
security

Ethash

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

mining
eth
algorithm

Ethereum (ETH)

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

coin
blockchain
platform
+1

Ethereum Improvement Proposal (EIP)

The standard process for proposing and specifying changes or standards for the Ethereum ecosystem.

eth
standard

Ethereum Virtual Machine (EVM)

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

eth
platform
smart contract

Exchange Token

A token issued by an exchange to provide fee discounts, rewards, or governance rights within that platform's ecosystem.

token
exchange

Exit Liquidity

Traders who buy near the top, enabling earlier holders to sell; colloquially, the late buyers who become the sellers’ liquidity.

trading
slang

Extended Private Key (xprv)

A master private key in HD wallets that can derive all child private keys; extremely sensitive.

wallet
hd-wallet

Extended Public Key (xpub)

A master public key in HD wallets used to derive many child public keys/addresses without exposing private keys.

wallet
hd-wallet

Extended Public Key (YPub) (ypub)

A versioned extended public key format used by some wallets to indicate a specific script type (e.g., P2WPKH-in-P2SH).

wallet
hd-wallet

Externally Owned Account (EOA)

An Ethereum account controlled by a private key (as opposed to a contract account), used to send transactions and hold ETH/tokens.

eth
account
F
17 terms

Fair Launch

A token or project distribution with no insider allocations, private sales, or pre-mines—everyone can participate equally from the start.

token
distribution

Faucet

A faucet is a method of distributing small amounts of free cryptocurrencies to users, often as a promotional strategy or educational tool to introduce new users to blockchain technology.

distribution
crypto
promotion

Fee

The amount paid to include a transaction in a block; incentivizes miners/validators and helps prevent spam.

blockchain
economics

Fee Market

The competitive market for limited block space where users bid fees for inclusion; determines transaction prioritization and costs.

blockchain
economics

Fee Rate

A fee expressed per unit of transaction size (e.g., satoshis per vbyte) used to prioritize inclusion in blocks.

blockchain
economics

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.

finance
currency

Finality

The point at which a transaction is considered irreversible and economically infeasible to revert.

consensus
blockchain

Flash Loan

An uncollateralized on-chain loan that must be borrowed and repaid within a single transaction, enabled by composable DeFi.

defi
lending

Flippening

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

event
crypto
market

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
psychology

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.

blockchain
event

Front-Running

Executing a trade or transaction in anticipation of a known pending order to gain advantage; in crypto, often via observing the public mempool.

trading
attack

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

Full Node

Software that fully validates blocks and transactions, enforcing consensus rules independently.

node
blockchain

Funding Rate

A periodic payment exchanged between longs and shorts on perpetual futures to keep contract prices anchored to spot.

trading
derivatives

Fungible Token

A token where each unit is interchangeable with any other unit of the same type, like currency.

token
standard

Futures

A derivatives contract to buy or sell an asset at a predetermined price at a future date; in crypto, perpetual futures (no expiry) are most common.

trading
derivatives
G
7 terms
H
9 terms

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.

mining
event

Hard cap

A hard cap is the maximum number of coins or tokens that will ever be issued by a cryptocurrency, enforced by protocol rules.

economics
tokenomics

Hardware wallet

A hardware wallet is a dedicated physical device that securely stores private keys and signs transactions offline to protect against malware and remote attacks.

wallet
security

Hash

A hash is a fixed-size output produced by a one-way function that maps any input to a seemingly random value, used for integrity, addressing, and proof-of-work.

cryptography
security

Hash rate

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

mining
security

Hashed Time-Locked Contract (HTLC)

An HTLC is a contract that escrows funds with a hashlock and a timelock, enabling trust-minimized atomic payments across channels or chains.

smart-contract
payment-channel
security

Hodl

Hodl, a misspelling of 'hold', is a slang term in the crypto community for holding onto a cryptocurrency long-term regardless of price volatility, reflecting conviction in its future value.

meme
strategy

Hot wallet

A hot wallet is a software wallet connected to the internet, offering convenience for frequent transactions but higher exposure to malware and phishing.

wallet
security

Hyperinflation

Hyperinflation is an extremely rapid price increase in an economy, typically defined as >50% monthly inflation, caused by runaway money supply growth and loss of currency trust.

economics
macroeconomics
I
9 terms

ICO

An ICO, or Initial Coin Offering, is a fundraising mechanism in which new projects sell their underlying tokens in exchange for established cryptocurrencies like Bitcoin, Bitcoin Cash, or Ethereum.

fundraising
event

IEO

An IEO, or Initial Exchange Offering, is a fundraising event where a cryptocurrency exchange facilitates the sale of tokens for a new project, providing additional security and credibility compared to traditional ICOs.

fundraising
event

Immutability

Immutability is the property of a blockchain where confirmed data cannot be altered without redoing the underlying consensus work, preserving historical integrity.

blockchain
security

Impermanent loss

Impermanent loss is the loss LPs experience when providing liquidity to AMMs compared to holding assets, due to price divergence from the deposit ratio.

defi
markets

Indexer

An indexer parses blockchain data and serves structured queries for apps, enabling fast lookups beyond what a raw full node provides.

infrastructure
data

Inflation

Inflation is the sustained increase in the general price level, often caused by money supply growth outpacing real output, reducing purchasing power.

economics
macroeconomics

Instamine

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

distribution
mining

Interoperability

Interoperability is the ability of blockchain networks and applications to exchange data and value across systems, enabling cross-chain use cases.

infrastructure
protocol

IPFS

IPFS is a peer-to-peer network for storing and sharing files using content-addressing, where data is retrieved by its hash rather than a location.

infrastructure
protocol
J
6 terms
K
6 terms
L
11 terms

Lambo

A term in crypto culture referring to the aspiration of wealth and luxury, symbolized by owning a Lamborghini.

meme
slang
culture

Layer-1

Layer-1 refers to the base blockchain layer that provides consensus, data availability, and settlement for transactions and smart contracts.

blockchain
architecture

Layer-2

Layer-2 solutions build on top of Layer-1 to increase throughput and reduce costs, settling results back to the base chain.

scaling
architecture

Leverage

Leverage uses borrowed funds to increase position size, amplifying both gains and losses.

markets
derivatives

Lightning Network

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

btc
scaling

Limit Order

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

trading

Liquidation

Liquidation is the forced closure of a leveraged position when collateral is insufficient to cover losses, protecting the exchange or lenders.

markets
derivatives

Liquidity

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

finance
trading

Liquidity mining

Liquidity mining is the distribution of tokens to users who provide liquidity to pools or protocols, bootstrapping depth and usage.

defi
incentives

Liquidity pool

A liquidity pool is a smart contract that holds token reserves to enable automated market making (AMM) without order books.

defi
markets

Locktime

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

technical
blockchain
M
23 terms

Mainnet

Mainnet is the live, production blockchain where real-value transactions occur, as opposed to test networks.

blockchain
environment

Majority Attack

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

attack
security

Maker-taker fees

Maker-taker fees differentiate between adding liquidity (maker) and removing liquidity (taker), with different fee schedules and rebates.

markets
trading

Market Cap

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

finance
trading

Market maker

A market maker quotes buy and sell prices to provide liquidity, earning the spread and/or incentives.

markets
trading

Market Order

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

trading

Masternode

Specialized servers on a blockchain network that perform advanced functions, require significant coin collateral, and receive rewards for their services.

network
security
distribution

Maximalist

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

concept
ideology

Maximum Supply

The predetermined total number of a cryptocurrency that will ever exist, enforced by the protocol's rules.

economics
tokenomics

Mempool

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

mining
blockchain

Mempool Pinning

A tactic that makes an unconfirmed transaction difficult to replace or fee-bump, delaying confirmation.

mempool
security

Merkle tree

A Merkle tree is a binary tree of hashes that enables efficient verification of large data sets, used in blockchains for transaction inclusion proofs.

cryptography
data-structure

MEV (Maximal Extractable Value)

MEV is the value that block producers or transaction sequencers can extract by reordering, inserting, or censoring transactions.

defi
markets

Microtransaction

A microtransaction is a very small-value payment enabled by low fees and fast confirmations, useful for tipping, content, and IoT.

payments
usability

Miner

A miner is a participant who provides computational work to find blocks and secure proof-of-work blockchains.

role
security

Mining

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

distribution
security

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
security
blockchain

Mining Pool

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

mining
blockchain

Miniscript

A structured language for expressing Bitcoin script spending policies that are easier to analyze, compose, and secure.

script
technology

Minting Baton

A unique token that grants the ability to create more of a specific SLP token, commonly used in the Bitcoin Cash ecosystem.

token
slp

Mnemonic

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

security
wallet

Mooning

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

meme
slang

Multi Signature

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

security
wallet
N
8 terms
O
14 terms

Off-chain

Activity that occurs outside the base blockchain, often for speed, privacy, or cost efficiency.

blockchain

On-chain

Activity recorded directly on the blockchain and finalized in blocks.

blockchain

OP_RETURN

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

technical
blockchain

Opcode

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

technical
blockchain

Open Interest

The total number of outstanding derivative contracts (not yet closed or settled).

derivatives
trading

Opt-in RBF

A Bitcoin policy allowing unconfirmed transactions to be replaced by a higher-fee version from the same inputs.

policy
mempool
security

Options

Derivatives granting the right, not the obligation, to buy (call) or sell (put) an asset at a specified strike price by a certain date.

derivatives
trading

Oracle

A system that supplies on-chain smart contracts with trustworthy off-chain data.

smart-contracts
data

Order Book

A real-time list of buy and sell orders organized by price level on an exchange.

trading

Ordinals

A method of assigning serial numbers to satoshis and attaching data (inscriptions) to them.

token
data

Orphan Block

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

mining
blockchain

Output

A spendable unit of cryptocurrency created by transactions; referenced as an input when later spent.

blockchain

Output Descriptor

A text representation that describes how to derive addresses and spend policies for a set of keys.

wallet
technology

Over-the-counter (OTC)

Trades conducted directly between parties rather than through a public order-book exchange.

trading
P
21 terms

P2PK

Pay-to-Public-Key — an early Bitcoin output type that locks coins directly to a public key.

script
fundamentals

P2PKH

A common script type where the output can be spent by proving knowledge of the private key corresponding to a hashed public key.

script
address

P2SH

A script type where the output is locked to the hash of a redeem script, enabling features like multi-sig.

script
address

P2TR

A SegWit v1 output type introduced with Taproot that commits to a public key and optional script tree.

script
technology

Package Relay

The ability for nodes to relay groups of related transactions together so miners evaluate fees on the package total.

mempool
policy

Paper Wallet

A physical printout or handwritten record of keys or a mnemonic used to control cryptocurrency funds.

wallet
security

Peer-to-peer (P2P)

A network model where participants interact directly without central intermediaries.

network
decentralization

Permissionless

Open to anyone to use or participate without needing approval from a central authority.

principle
decentralization

Perpetual Swap

A derivative similar to a futures contract but without expiry, kept near spot via funding payments.

derivatives
trading

Premining

The act of mining or allocating a portion of cryptocurrency coins before the blockchain is publicly launched or officially released to the general public.

distribution
mining
tokenomics

Price Discovery

The process by which markets determine an asset’s price through supply, demand, and information flow.

trading

Privacy

The ability to transact without revealing sensitive information about identity, balances, or counterparties.

security
principle

Privacy Coins

Cryptocurrencies that prioritize secure, private, and anonymous transactions through specialized cryptographic techniques.

security
privacy
cryptocurrency

Private Key

A cryptographic key used to sign blockchain transactions and derive public keys; ultimate proof of control over funds.

security
wallet
basics
+1

Proof of Stake

A consensus algorithm where one's stake in the cryptocurrency is used to validate transactions and create new blocks, offering an energy-efficient alternative to Proof of Work.

consensus
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
consensus

Protocol

The formal set of rules that define how participants in a network communicate and reach consensus.

blockchain
networking

Protocol Upgrade

A coordinated change to network rules that nodes adopt to gain new features or fixes.

governance
blockchain

PSBT

A standard format for exchanging unsigned or partially-signed transactions between wallets and signers.

wallet
technology

Public Key

A cryptographic identifier derived from a private key; used to verify signatures and derive addresses.

security
wallet
basics

Pump and Dump

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

trading
strategy
scam
Q
7 terms
R
10 terms
S
23 terms

Satoshi Nakamoto

Pseudonymous creator of Bitcoin and architect of modern cryptocurrency.

person
myth
bitcoin

Satoshis (Sats)

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

unit
bitcoin

Scalability Trilemma

The trade-off that blockchains struggle to optimize decentralization, security, and scalability simultaneously.

theory
scaling

Schnorr Signatures

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

bch
scaling

Seed Phrase

A list of words that backs up a wallet; it can recreate all keys and addresses.

wallet
security

SegWit

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

scaling
btc

Self-Custody

Controlling your own private keys rather than relying on a third party.

wallet
security

SHA-256

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

hashing
btc
bch

Shamir's Secret Sharing

A cryptographic method to split a secret into multiple shares so any threshold subset can reconstruct it.

security
wallet

Shill

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

person
action

Shitcoin

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

slang
cryptocurrency

Sidechain

An independent blockchain that runs in parallel to a main chain and is linked via a bridge or pegging mechanism.

scalability
interoperability

Sighash

Flags that specify which parts of a transaction are covered by a signature.

bitcoin
scripting

Signature

A cryptographic proof that a message was authorized by the holder of a private key.

cryptography

Simplified Payment Verification (SPV)

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

security
scaling

Slippage

The difference between expected trade price and actual execution price.

trading

Smart Contract

Programmatic rules executed by the blockchain to enforce agreements without intermediaries.

blockchain
scripting

Soft Fork

A backward-compatible protocol change where upgraded nodes enforce stricter rules without splitting the network.

governance
consensus

Spread

The difference between the best bid and best ask in an order book.

trading

Stablecoin

A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like USD.

token
defi

Staking

Locking tokens to help secure a network or protocol in exchange for rewards.

consensus
defi

Staking Rewards

The payouts validators or delegators earn for securing a PoS network or staking in a protocol.

economics
consensus

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.

trading
T
15 terms

Taproot

A Bitcoin upgrade that enables more private and efficient spending using Schnorr signatures and script path commitments.

btc
upgrade

Testnet

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

development
testing

Throughput

The rate a blockchain processes transactions or data over time (e.g., TPS).

performance
scaling

Timelock

A constraint that prevents a transaction or output from being spent until a specified time or block height.

scripting
bitcoin

Token

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

basics
blockchain

Tokenomics

The economic design of a token - issuance, supply schedule, distribution, utility, and incentives.

token
economics

Total Supply

The total amount of coins or tokens that currently exist, including both circulating and non-circulating supply.

tokenomics
metrics

Total Value Locked (TVL)

The total value of assets deposited in a DeFi protocol or ecosystem.

defi
metrics

Transaction

The fundamental unit of data exchange on a blockchain, representing transfers of cryptocurrency or executions of smart contracts.

blockchain
technical
basics

Transaction Fee

Payment included in cryptocurrency transactions to incentivize miners or validators to process and include the transaction in a block.

blockchain
technical
basics

Transaction ID (TXID)

The unique identifier of a transaction, typically the double SHA-256 hash of its serialized data.

blockchain
technical

Transactions Per Second (TPS)

A metric that measures how many transactions a blockchain network can process each second, indicating its throughput and scalability.

technical
scaling
performance

Trustless

A property where participants don’t need to trust each other or a central party; correctness is enforced by the protocol.

blockchain
security

Two-Factor Authentication (2FA)

An additional security layer requiring two different types of verification to access an account.

security
basics

two-of-three multisignature

A wallet policy requiring any 2 of 3 keys to sign a transaction, balancing redundancy and security.

wallet
security
U
7 terms
V
14 terms

Validator

A participant in a Proof of Stake (or similar) system who proposes and attests to blocks, often bonded by a stake.

consensus
staking

Value Overflow Bug

A critical bug where arithmetic overflow creates or destroys coins unintentionally.

security
consensus

Vanity Address

A cryptocurrency address with a customized prefix or pattern, found by trial-and-error.

wallet
privacy

Vault

A wallet design that adds on-chain time delays or guardians to reduce the risk of theft.

security
wallet

Velocity of Money

The rate at which money circulates in the economy; how often one unit changes hands.

economics
metrics

Verifiable Delay Function (VDF)

A function that takes a guaranteed minimum time to compute, with fast publicly verifiable proofs.

cryptography
consensus

Verifiable Random Function (VRF)

A function that produces a random-looking output with a proof that can be publicly verified.

cryptography
consensus

Verkle Tree

A commitment tree using vector commitments, enabling smaller proofs than Merkle trees for large state.

data-structures
scalability

Version Bits

A mechanism for miners to signal readiness for soft-fork upgrades using bits in the block version field (BIP9).

btc
upgrade

Vesting

A schedule that releases tokens over time to founders, teams, or investors, often with cliffs and linear unlocks.

tokenomics
governance

View Key

A key that lets someone view your transactions or balances without spending authority.

privacy
wallet

Virtual Machine

An execution environment that runs smart contract code deterministically across nodes (e.g., EVM).

computing
blockchain

Volatility

The degree of variation in an asset’s price over time; higher volatility implies larger and more frequent price swings.

trading
metrics

Volume

The total amount of a cryptocurrency or asset that has been traded within a specific timeframe.

trading
metrics
W
9 terms
X
1 term
Y
4 terms
Z
4 terms

The Cryptionary

Cryptocurrency dictionary

Terms are regularly updated as the cryptocurrency ecosystem evolves.

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