Airdrop
distribution
A strategic distribution of complimentary tokens to stimulate interest and engagement in a cryptocurrency asset.
All Time High | ATH
finance, trading, concept
The peak historical price of a traded asset.
Altcoin
concept, coin
A cryptocurrency that serves as an alternative to the dominant coin in its category.
Altseason
trading
A market phase characterized by a surge in altcoin investments.
AMM | Automated Market Maker
trading, dex
A decentralized trading platform that uses smart contracts and algorithms to determine asset prices.
Annual Percentage Yield | APY
finance, trading
The projected annual return, factoring in compound interest.
Arbitrage
strategy, trading
The practice of profiting from price discrepancies of the same asset across different markets.
ASIC | Application Specific Integrated Circuit
mining
Specialized hardware designed for efficient cryptocurrency mining.
Asset
fundamentals
A resource with economic value expected to provide future benefit.
Bagholder
trading
An investor holding onto depreciating assets.
BCC
cryptocurrency, scam
A cryptocurrency associated with a notorious Ponzi scheme.
Bearish
investing
A market condition characterized by falling prices and pessimistic sentiment.
Bit
unit
A sub-unit of Bitcoin, equivalent to 100 satoshis.
Bitcoin | BTC
cryptocurrency, btc
Bitcoin (BTC) is the first and most secure peer-to-peer electronic cash system, underpinned by blockchain technology.
Bitcoin Cash | BCH
cryptocurrency
A cryptocurrency designed for peer-to-peer electronic cash transactions.
Block
mining, blockchain, security
A collection of transactions confirmed on the blockchain, each block building upon the previous one.
Block Height
blockchain
The number of blocks preceding a particular block in a blockchain.
Block Reward
mining, distribution
The reward given to a miner for validating a new block on the blockchain.
Blockchain
concept, blockchain
A decentralized, peer-to-peer ledger system composed of a continuous chain of blocks.
Bullish
investing, market sentiment
A term used to describe positive market sentiment, characterized by rising prices and investor confidence.
Burn
concept, strategy
The intentional or unintentional destruction of a cryptocurrency, resulting in a decrease in supply.
Buy High Sell Low
strategy, meme
A counterproductive investment strategy of buying an asset at a high price and selling it at a low price.
Buy Low Sell High
strategy, meme
An investment strategy of purchasing an asset at a low price and selling it at a high price.
Buy The Dip | BTD
strategy, meme
An investment strategy of purchasing an asset after a significant price decrease.
Canonical Transaction Ordering | CTOR
bch, scaling
A rule in Bitcoin Cash that orders transactions within a block by their transaction ID, enabling faster lookup and mining optimizations.
CashFusion
privacy, bch
A privacy-enhancing protocol on Bitcoin Cash that obfuscates transaction trails to enhance user privacy.
CashShuffle
privacy, bch
A privacy protocol on Bitcoin Cash that enhances user privacy by shuffling coins into uniform denominations.
Circulating Supply
blockchain, cryptocurrency
The total number of coins or tokens that are actively available in the market.
Confirmations
security, blockchain
The number of blocks added to the blockchain since a transaction was included.
Consensus
security, blockchain
The process used by blockchain networks to agree on the state of the distributed ledger.
Cryptocurrency Exchange
trading, exchange, platform
A platform that facilitates the buying, selling, and trading of cryptocurrencies. Exchanges can support crypto-to-crypto or crypto-to-fiat transactions.
Dead Cat Bounce
trading, financial markets
A temporary recovery in prices during a prolonged bear market.
Death Spiral
blockchain, mining, attack
A potential scenario where a blockchain's functionality grinds to a halt due to a sudden decrease in hash power.
Decentralized Application | DApp
blockchain, software
A decentralized application (DApp) is a software application that runs on a distributed computing system, most commonly a blockchain.
Decentralized Exchange | DEX
trading, exchange, blockchain
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.
DeFi
blockchain, finance, concept
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
meme, strategy, investing
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
strategy, investing
A systematic investment strategy that involves buying a fixed dollar amount of an asset at regular intervals, regardless of its price.
Double Spend
scam, security, blockchain
A fraudulent technique where the same digital currency is spent more than once, exploiting the digital nature of cryptocurrency transactions.
Dump
trading, strategy, market manipulation
A trading term referring to the rapid selling off of a cryptocurrency or other asset, often causing its price to drop.
Dust
concept, blockchain, cryptocurrency
A minuscule amount of a crypto asset that is less than the minimum transaction fee.
ERC-20 Token
eth, token, standard
A standard for tokens on the Ethereum blockchain, defining a common list of rules for all Ethereum tokens to follow.
ERC-721 Token
eth, token, standard, NFT
A standard for non-fungible tokens (NFTs) on the Ethereum blockchain, often used for unique digital assets and collectibles.
Ethash
mining, eth, algorithm
Ethash is Ethereum's Proof-of-Work (PoW) hashing algorithm, designed to be ASIC-resistant and memory-intensive.
Ethereum | ETH
coin, blockchain, platform, smart contract
Ethereum (ETH) is a decentralized, open-source blockchain network featuring smart contract functionality.
Ethereum Virtual Machine | EVM
eth, platform, smart contract
The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on the Ethereum blockchain.
Faucet
distribution, crypto, promotion
A faucet is a method of distributing small amounts of free cryptocurrencies to users, often as a promotional strategy.
Fiat Currency
finance, 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
event, crypto
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
trading, slang
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.
Fork
blockchain, event
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
trading, slang, attack
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.
Halving
mining, event
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
mining, security
Hash rate refers to the computational power used in mining and validating transactions on a blockchain network.
Hodl
meme, strategy
Hodl, a misspelling of 'hold', is a slang term in the crypto community for holding onto a cryptocurrency rather than selling or trading it.
ICO
fundraising, event
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
fundraising, event
An IEO, or Initial Exchange Offering, is a fundraising event where a cryptocurrency exchange facilitates the sale of tokens for a new project.
Instamine
distribution, mining
Instamine refers to a large portion of a cryptocurrency's maximum supply being mined shortly after its launch, potentially leading to unfair distribution.
Lambo
meme, slang
A term in crypto culture referring to the aspiration of wealth and luxury.
Lightning Network
btc, scaling
A second layer solution on Bitcoin's blockchain enabling fast, low-cost transactions.
Limit Order
trading
A trading instruction to buy or sell an asset at a specified price or better.
Liquidity
finance, trading
The ease with which a crypto asset can be bought or sold without affecting the market price.
Locktime
technical, blockchain
A parameter in a transaction that specifies when it can be added to the blockchain.
Majority Attack | 51% attack
attack
A potential attack on a blockchain network where a single entity gains control of the majority of the network's hash rate.
Market Cap
finance, trading
The total value of all circulating units of a particular cryptocurrency.
Market Order
trading
A type of order to buy or sell a security at the best available price in the current market.
Masternode
network, security, distribution
Masternodes are powerful servers on a blockchain network that perform special tasks, have voting rights, and receive a share of the mining rewards.
Maximalist
concept, ideology
An individual or entity who strongly believes in the superiority of a specific cryptocurrency and primarily invests in it.
Maximum Supply
finance, trading
The predetermined total number of a cryptocurrency that will ever exist.
Mempool
mining, blockchain
A temporary storage space in a node for pending transactions that have not yet been included in a confirmed block.
Mining
distribution, security
The process by which new coins or tokens are minted and transactions are confirmed on a blockchain.
Mining Difficulty
mining, security, blockchain
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
mining, blockchain
A collective of miners who pool their computational resources to mine blocks more consistently and share the rewards proportionally.
Minting Baton
slp, token
A unique token that grants the ability to create more of a specific SLP token.
Mnemonic
security, wallet
A sequence of words used to generate and recover a private key, typically 12 or 24 words long.
Mooning 🌕
meme, slang
A term used when a crypto asset experiences a rapid and significant increase in value.
Multi Signature
security, wallet
A type of digital wallet that requires signatures from multiple private keys to authorize transactions.
OP_RETURN
technical, blockchain
An opcode in Bitcoin's scripting language that allows data to be written onto the blockchain, while marking the output as unspendable.
Opcode
technical, blockchain
A fundamental element of Bitcoin's scripting language that enables complex transactions.
Orphan Block
mining, blockchain
A valid block which is not included in the current longest blockchain and thus does not contribute to the consensus protocol.
Premining
distribution, mining
The act of mining a portion of cryptocurrency coins before the blockchain is publicly launched.
Privacy Coins
security, wallet, basics
Cryptocurrencies that prioritize secure, private, and anonymous transactions.
Private Key
security, wallet, basics
A cryptographic key used to sign blockchain transactions and derive public keys.
Proof of Stake | PoS
mining, blockchain
A consensus algorithm where one's stake in the cryptocurrency is used to validate transactions and create new blocks.
Proof of Work | PoW
mining, blockchain
A consensus algorithm where computing power is used to solve complex problems, verify transactions, and create new blocks.
Public Key
security, wallet, basics
A cryptographic identifier, used for receiving blockchain transactions.
Pump and Dump
trading, strategy
A manipulative scheme to inflate the price of an asset and then sell it to unsuspecting investors.
Rekt
meme, slang, trading
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
btc
A Bitcoin feature that allows unconfirmed transactions in the mempool to be replaced with another transaction that includes a higher mining fee.
Satoshi Nakamoto
person, myth, bitcoin
Pseudonymous creator of Bitcoin.
Satoshis | Sats
unit, bitcoin
The smallest unit of Bitcoin, equivalent to one hundred millionth of a Bitcoin.
Schnorr Signatures
bch, scaling
A digital signature algorithm that optimizes transaction size, enhances privacy, and resolves malleability issues.
SegWit
scaling, btc
A protocol upgrade that separates transaction data into two segments, mitigating transaction malleability and increasing block capacity.
SHA-256
hashing, btc, bch
A cryptographic hash function used extensively in cryptocurrencies like Bitcoin (BTC) and Bitcoin Cash (BCH).
Shill
person, action
A person or action promoting a specific cryptocurrency, often for personal gain.
Shitcoin
slang, cryptocurrency
A derogatory term for a cryptocurrency considered worthless or doomed to fail.
Simplified Payment Verification | SPV
security, scaling
A method that allows Bitcoin wallets to verify transactions with minimal data, reducing reliance on centralized servers.
Stop Limit Order
trading
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.
Testnet
development, testing
A parallel network to the main blockchain, used for testing and development purposes, where the coins have no real-world value.
Token
basics, blockchain
Tokens are programmable digital assets residing on a blockchain, often representing a variety of tangible and intangible assets.
Total Supply
blockchain, trading
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
finance, trading
The total quantity of an asset traded within a specified timeframe.
Transaction | Tx
concept, basics
A record of asset exchange between addresses, stored on the blockchain ledger.
Transaction Fee | Miner Fee
mining, security
A fee paid to miners as an incentive to include a transaction in a block.
Transactions Per Second | TPS
concept, scaling
The measure of a blockchain's scalability, indicating the number of transactions it can process per second.
Two Factor Authentication | 2FA
security
A security measure requiring two types of identification for account access.
* All terms and definitions may change as the Cryptionary improves
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