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.
Any crypto asset which is not the leader of it's asset type.
Simultaneous buying and selling the same asset across competing markets for profit.
Specialized, highly efficient, mining hardware
Everyone holding onto crypto assets
When the market trend is negative and price are dropping
An individual who believes blockchain scaling solutions can be achieved through blocksize increases
1/1,000,000 of a bitcoin, or 100 satoshis
Bitcoin | BTC
Bitcoin (BTC) is the primary peer to peer electronic ledger. It is the blockchain with the most security and hashpower.
Bitcoin Cash | BCH
Peer to peer electronic cash system
mining, blockchain, basics
A set of transactions confirmed on the blockchain. Each block builds on the block before it
Number of blocks between the target and genesis blocks. Each confirmation increases the block height by 1.
Coins awarded to a miner for discovering a block solution.
Peer-to-peer, distributed ledger comprised of a continuous chain of blocks, where each block builds upon the block before it
When market sentiment is positive and the price is in an upward trend
Intentional destruction of a crypto asset to decrease supply
Buy The Dip | BTD
An accumulation strategy of buying a coin after a sudden price decrease
Canonical Transaction Ordering | CTOR
Ordering the transactions within a block by the transaction ID, which allows for better lookup and transaction optimizations
Privacy protocol on Bitcoin Cash which makes coins untraceable.
Privacy protocol on Bitcoin Cash which makes coins untraceable by shuffling coins into uniform denominations
Total number of coins/tokens in circulation
Number of blocks found since the block a specific transaction was included in
Agreement among the majority of nodes as to which block or blockchain to follow
Dead Cat Bounce
A slight price recovery during a falling market
The slow, painful death of a blockchain from a sudden decrease of hash power
Decentralized Application | DApp
A decentralized application executed across a blockchain network
Decentralized Exchange | DEX
A decentralized exchange where users trade digital assets directly, without going through a third party
Expected hash power to mine a block. Regularly adjusted to hit the target difficulty and block time.
Dollar Cost Averaging | DCA
Dollar Cost Averaging
Spending the same coins in multiple competing blocks to defraud a payment
Selling off of one's position in a crypto asset
An amount of a crypto asset which is below the minimal miner fee
A token on the Ethereum network which follows the ERC20 standard
A non-fungible token on the Ethereum blockchain, often used for collectibles
A hashing algorithm created for and by Ethereum (ETH).
Ethereum | ETH
Ethereum (ETH) is the leading distributed application network, focused on making smart/programmable money
Ethereum Virtual Machine | EVM
The Ethereum Virtual Machine is the runtime environment which Ethereum (ETH) smart contracts execute within
A business which facilitates cryptocurrency trading. Some deal with only crypto-crypto pairings while others support crypto-fiat pairings as well.
Method of distributing small amounts of free coins to a large amount of users
Currencies which have been declared to be legal tender, backed by governments.
When a crypto asset surpasses Bitcoin (BTC) in market cap and hash power, becoming the most valuable crypto asset
FOMO | Fear Of Missing Out
Fear Of Missing Out. The fear that an opportunity will pass by without you
The process of a blockchain splitting into 2 blockchains
trading, slang, attack
Spreading negative sentiment towards the future of crypto, sometimes with reason, sometimes malicous
Distribution method to purchase coins before they are built in order to fund development of new projects, hopefully.
A mining process by which coins are distributed unevenly or unfairly, usually by a large portion of the maximum supply being mined during the launch of the cryptocurrency.
Everyone in crypto has one, or two
Second layer network on Bitcoin (BTC) which enables fast, cheap, and anonymous transactions
A buy or a sell order executed at a set price threshold
How easily a crypto asset can be bought or sold without effecting the market price
Transaction which is only spendable after a given time or blockheight is reached
Majority Attack | 51% attack
Reversing or preventing transactions by controlling the majory of a network's hash rate
Circulating Supply × Current Price
A buy or a sell order which is executed immediately at current market prices
Masternodes are special nodes which can vote and get some of the mining rewards on certain blockchains.
Person or entity who maximizes their holdings of a singular specific cryptocurrency asset
Upper limit for the amount of a coin/token which can exist
The holding area in a node for all pending transactions on the network which have not yet been included within a confirmed block
Process by which new coins or tokens are minted into the system
Miners pooling their hash power together in order to ensure most consistent rewards
Special token used to create (mint) more of a token
A string of words which can be used to derive a private key. Usually 12 or 24 words long
When a crypto asset exponentially increases in value, aggressively
Wallet which requires signatures from multiple private keys to access the funds
Opcode which marks output as invalid and writes data to the chain. Useful for building onchain protocols to extend bitcoin
Operation of the bitcoin script language, enabling complex transactions
A block which no longer has a valid path to the tip of the blockchain
The mining of a certain number of coins prior to the cryptocurrency being made available to the public.
security, wallet, basics
Account on the blockchain. A cryptographic key used to derive public keys and sign transactions
Proof of Stake | PoS
Method of mining using ones stake in the cryptocurrency to create new coins and validate transactions
Proof of Work | PoW
Method of mining using computing power to generate verify transactions
security, wallet, basics
A unique public identifier, used for receiving crypto payments or assets
Pump and Dump
Scheme to artificially increase the price of an asset then dump it on unsuspecting investors
Mythological creator of Bitcoin
Satoshis | Sats
Smallest fraction of a bitcoin; 1/100,000,000th of a bitcoin
Digital signature algorithm which can decrease transaction size, improve privacy, and fix malleability issues
Separates the transaction into two segments - transaction and witness data -, which fixes transaction malleability, and enables more transactions per block.
mining, btc, bch
Most widely used hashing algorithm for cryptocurrencies, used by both Bitcoin Cash (BCH) and Bitcoin (BTC)
Person who attempts to convince others of the superiority of the coin they hold.
Every coin you don't hold
Simple Ledger Protocol
A protocol for tokens on the Bitcoin Cash (BCH) blockchain. Very simple and cheap to use.
Simplified Payment Verification | SPV
Method to verify transactions on the blockchain without downloading an entire block. Allows wallets to function only relying on miners, and not application servers
Stop Limit Order
A buy or sell market order triggered at a set price threshold. Stop Limit sell orders are also known as a "Stop Loss" orders.
An identical copy of a blockchain using worthless coins/tokens for the purpose of development and testing
Tokens are programmable digital assets which live on an existing blockchain.
Total number of a coin/token available
Transaction | Tx
An entry in the blockchain ledger which describes the exchange of an asset from one address to another
Transaction Fee | Miner Fee
Payment to miners as a reward for including a transaction in a block
Transactions Per Second | TPS
The number of transactions a blockchain is able to support per second, on average, over a period if time
Two Factor Authentication | 2FA
An additional layer of security, often requiring ones physical phone or other physical security device
* All terms and definitions may change as the Cryptionary improves