Crypto Glossary

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24H Change: The percentage price variation of a cryptocurrency or NFT over a 24-hour period.
24H Volume: The total number of a cryptocurrency's tokens traded within a 24-hour timeframe.
51% Attack: A scenario where an individual or group maliciously controls over 50% of a network's mining power.
7D: Data reflecting the price changes of a cryptocurrency over the past seven days.
Airdrop: The free distribution of cryptocurrency tokens to multiple wallet addresses, often unsolicited.
All-Time High (ATH): The highest recorded price of an asset in its history.
Alpha: Unique or uncommon information that can provide a trading advantage, or a metric for investment performance.
Altcoin: Any cryptocurrency that is not Bitcoin.
Anti-Money Laundering (AML): Regulations and procedures designed to prevent money laundering activities.
Apeing: Buying a token shortly after its launch without thorough research.
Application Programming Interface (API): A set of protocols that allow different software applications to communicate.
Arbitrage: A strategy that involves buying an asset in one market and selling it in another to profit from price differences.
Ascending Wedge: A bearish chart pattern formed by two upward-sloping trendlines.
Asynchronous Byzantine Fault Tolerance (ABFT): A consensus mechanism that allows honest nodes to agree on transaction timing and order.
Automated Market Maker (AMM): A system that provides liquidity on exchanges through automated trading.
Average Price (7D): The mean price of NFTs in a collection over the last seven days.
Bagholder: An investor who holds onto assets despite significant price declines.
Bank Run: A situation where many customers withdraw funds from a bank due to insolvency fears.
Bear Market: A market condition where prices drop by at least 20% from recent highs.
Bear Trap: A price manipulation tactic that misleads traders into thinking a market is reversing upward.
BEP-20: A token standard for the BNB Smart Chain.
Bitcoin: The first decentralised digital currency, created by an unknown entity known as Satoshi Nakamoto.
Bitcoin Halving: The event that reduces mining rewards by half after every 210,000 blocks.
Bitcoin Pizza: The famous transaction in 2010 where two pizzas were bought for 10,000 BTC.
Block: A dataset in a blockchain containing transactions and metadata.
Block Producer: An entity that creates and validates new blocks in a blockchain.
Block Reward: An incentive given to miners for successfully adding a new block to the blockchain.
Blockchain: A decentralised, secure digital ledger distributed across a peer-to-peer network.
Blockchain Oracle: A service that connects blockchains to external data sources for smart contract execution.
Blockchain Trilemma: The challenge of achieving decentralisation, scalability, and security simultaneously in a blockchain.
Bollinger Band: A technical analysis tool that indicates whether an asset is overbought or oversold.
Bonding: Locking digital assets to a validator node to enable its operation.
Bridge: A connection that allows users to transfer assets between different blockchains.
BTFD: An acronym for 'Buy the f------ dip', encouraging purchases during market downturns.
Bull Market: A market condition characterised by rising asset prices.
Bull Trap: A false signal that misleads traders into thinking prices will rise before they fall further.
Burn: The process of permanently removing cryptocurrency tokens from circulation.
Byzantine Fault Tolerance (BFT): The ability of a system to function correctly even when some nodes fail or act maliciously.
Byzantine Generals Problem: A challenge in achieving consensus in distributed networks.
Candidate Block: A proposed block awaiting verification before being added to the blockchain.
Candlesticks: A charting method displaying an asset's price movements over time.
Centralised: A system where power and authority are concentrated in a single entity or group.
Centralised Exchange (CEX): A cryptocurrency exchange managed and controlled by a central entity.
Cipher: An algorithm for encrypting or decrypting information.
Ciphertext: The encrypted version of a message.
Circulating Supply: The amount of a cryptocurrency currently available in the market.
Close Price: The last trading price of an asset within a specified time frame.
Coin: A cryptocurrency that serves as a native store of value on a blockchain.
Cold Wallet: An offline wallet for securely storing cryptocurrencies.
Collateral: Assets pledged to secure a loan.
Collateralisation: Using one asset as security to borrow another.
Collection Value: The total monetary worth of all NFTs in a collection.
Composability: The ability to integrate different DeFi protocols and applications.
Confirmation Bias: The tendency to favour information that confirms existing beliefs.
Confirmation Time: The duration required for a transaction to be verified on the blockchain.
Consensus: The process by which a blockchain network achieves agreement among participants.
Consensus Mechanism: The rules governing how blocks are verified on a blockchain.
Consortium Blockchain: A blockchain managed by a group of organisations for shared, secure information.
Cross-Chain: Technology enabling interoperability between different blockchains.
Crypto Asset: Digital representations of value facilitated by blockchain technology.
Crypto Debit Card: A payment card funded by cryptocurrency for everyday transactions.
Cryptocurrency: A digital payment system utilising cryptography for transaction verification.
Cryptocurrency Exchange: A platform for trading cryptocurrencies.
Cryptocurrency Wallet: A software or device for storing public and private keys.
Cryptographic Hash Function: An algorithm that verifies data integrity.
Cryptographic Key: A sequence of symbols used in encryption and decryption processes.
Cryptographic Proof: Techniques to validate the authenticity of data and transactions.
Cryptography: The practice of securing information through encoding.
CryptoPunks: A collection of generative art NFTs on the Ethereum blockchain.
Cup and Handle: A bullish chart pattern resembling a cup and handle, indicating potential price increases.
Custodial Wallet: A wallet managed by a third party, where users do not hold their private keys.
Customer Due Diligence (CDD): The process of verifying customer identities to mitigate financial crime risks.
Dead Cat Bounce: A temporary price recovery in a declining market before further drops.
Death Cross: A bearish indicator suggesting a prolonged market downturn.
Decentralisation: A system without a central authority, allowing multiple entities to make decisions.
Decentralised Applications (Dapps): Applications operating on a blockchain or P2P network.
Decentralised Autonomous Organisation (DAO): An entity that operates autonomously without central control.
Decentralised Exchange (DEX): A cryptocurrency exchange that operates without central authority.
Decentralised Finance (DeFi): Financial services built on blockchain, mimicking traditional finance with decentralisation.
Decryption: The process of converting encrypted data back into its original form.
Deflation: A decrease in the prices of goods and services.
Degen: A term for individuals engaging in high-risk trading.
Delegated Proof of Stake (DPoS): A consensus mechanism where users vote for delegates to validate blocks.
Descending Triangle: A bearish chart pattern identified in technical analysis.
Descending Wedge: A bullish chart pattern indicating potential price reversals.
DevP2P: A framework facilitating peer-to-peer communication in blockchain networks.
DEX Aggregator: A service that sources multiple DEXs for optimal trading prices.
Diamond Hands: A term for investors who hold assets despite market downturns.
Digital Asset: Any electronic data with economic value, including cryptocurrencies and tokens.
Digital Signature: A cryptographic method to verify the authenticity of digital documents.
Dip: A temporary decline in an asset's price.
Directed Acyclic Graph (DAG): A structure used for consensus in some cryptocurrencies.
Distributed Ledger: A secure, decentralised system for recording transactions.
Distributed Ledger Technology (DLT): Technology that maintains synchronised copies of a digital ledger among participants.
Double Bottom: A bullish pattern indicating a potential price reversal after two consecutive lows
Double Top: A bearish pattern indicating a potential price decline after two consecutive highs.
Double-Spending: The act of spending the same digital asset more than once.
Dump: A sudden drop in the price of an asset.
DYOR: An acronym for 'Do Your Own Research,' encouraging independent investigation before investing.
EIP: Ethereum Improvement Proposal, suggesting changes or features for the Ethereum network.
Encryption: The process of converting data into a secure format to protect it from unauthorised access.
ERC: Ethereum Request for Comment, establishing standards for the Ethereum blockchain.
ERC-1155: A token standard aimed at improving security over previous standards.
ERC-20: The most widely used token standard on the Ethereum blockchain.
ERC-223: An improved token standard that builds on ERC-20.
ERC-721: A token standard for representing non-fungible tokens (NFTs) on Ethereum.
ERC-777: A token standard enhancing the ERC-20 standard's functionality.
ERC-827: An extension of the ERC-20 standard adding more token transfer features.
ERC-884: A standard for creating ERC-20 tokens.
ERC-948: A protocol connecting subscription-based businesses with customers on Ethereum.
ETH: The ticker symbol for Ether, the native cryptocurrency of Ethereum.
Ethereum: A decentralised blockchain platform launched in 2015, second in market capitalization.
Ethereum Virtual Machine (EVM): The environment for executing smart contracts and dapps on Ethereum.
Exit Liquidity: The ease of selling a position and converting cryptocurrency assets to cash.
Exit Strategy: A plan for liquidating a position to maximise financial outcomes.
Faucet: A tool rewarding users with cryptocurrency for completing tasks or onboarding new users.
Fiat: Currency issued by a government or central bank, not backed by physical commodities.
Floor Price: The lowest price of an NFT in a collection.
FOMO: Fear of missing out; the anxiety of missing potential investment opportunities.
Forks: The splitting of a blockchain into two separate chains.
Froth: A market condition where asset prices inflate rapidly beyond intrinsic value due to speculation.
FUD: Fear, uncertainty, and doubt; a tactic to spread misleading information about a project.
Fungible: The property of being interchangeable with identical units.
GameFi: The intersection of gaming and finance in cryptocurrency, where players earn tokens.
Gas (ETH): The transaction fee required for operations on the Ethereum network
GM: An acronym for 'Good Morning,' often used in crypto communities.
Golden Cross: A bullish indicator suggesting a long-term upward trend.
Governance: The decision-making process for cryptocurrency projects.
Governance Token: A utility token granting governance rights within a blockchain ecosystem.
Graphics Processing Unit (GPU): A computer chip designed for rendering graphics.
Gwei: A denomination of Ether, where 1 ETH equals 1 billion Gwei.
Halving Event: A scheduled reduction in the creation of new coins and mining rewards.
Hardware Wallet: A physical device for securely storing cryptocurrencies offline.
Hash: The output of a cryptographic function that generates a fixed-size string from input data.
Hashing: The process of converting data into a fixed-size string for security.
Hashrate: The speed at which a computer processes hashing operations.
Hedging: Strategies used to minimise risk from adverse price movements.
Herd Behaviour: The tendency of individuals to follow the actions of a group in trading decisions.
High-Frequency Trading (HFT): A trading strategy involving rapid execution of trades.
HODL: A slang term meaning to hold onto assets rather than sell.
Honeypot: Honeypot scams are deceptive schemes that lure unsuspecting victims with the promise of lucrative rewards.
Hooks: In the context of blockchain, 'hooks' typically refer to pieces of code that allow developers to customise the behaviour of a blockchain protocol.
Hot Wallet: A hot wallet is a tool that allows for storing cryptocurrency with a connection to the internet.
Iceberg Order: An iceberg order is a single large order that has been divided into smaller limit orders.
Impermanent Loss (IL): Impermanent loss occurs when the value of a token rises or falls after a trader has deposited it in a liquidity pool.
Initial Coin Offering (ICO): An initial coin offering (ICO) is a way for companies or projects to raise money by selling a new coin in exchange for investment capital.
Initial Exchange Offering (IEO): An initial exchange offering (IEO) is when cryptocurrency projects and start-ups list through an exchange in order to generate capital.
Internet of Things (IoT): The Internet of Things (IoT) refers to devices able to connect and share information with each other over the internet. IoT technology is most commonly seen in 'smart home' products, such as home hubs and multifunctional speakers.
Interoperability: The interoperability of blockchains is the concept of sharing information and transactions across different blockchain systems.
Know Your Customer (KYC): KYC refers to the 'Know Your Customer' process and is used by financial institutions to verify the individuals using their services.
Layer-0: Layer-0 is typically seen as the first layer of a blockchain, offering a stronger and more developed alternative to smart contracts.
Layer-1: Layer-1 is typically defined as a base-layer blockchain.
Layer-2: Layer-2 is a type of scaling solution for Layer-1 blockchains.
Ledger: A ledger is a record-keeping system that tracks participants' identities, balances, and transactions within a certain network.
Left-Translated Cycle: A left-translated or left-sided cycle refers to a pattern in asset price movement with an earlier-than-expected increase in value, which can then be followed by a significant drop.
LFG: LFG is used to express excitement about a project in the crypto community. It is short for 'Let's f—ing go!'.
Lightning Network: The Lightning Network is a Layer-2 protocol built on top of the Bitcoin blockchain.
Liquidation Call: A liquidation call is the process where a trading platform forcibly closes a trader's position because the margin account balance falls below the required maintenance margin.
Liquidity: Liquidity refers to the ease with which a cryptocurrency can be bought or sold in the market without causing a significant impact on its price.
Liquidity Pool: A liquidity pool is a collection of cryptocurrencies used to facilitate transactions on a decentralised exchange.
Liquidity Provider (LP): A liquidity provider (LP) is a user who commits their cryptocurrency to a liquidity pool.
Long: In trading, 'long' refers to a strategy where a trader buys an asset with the expectation that its value will increase over time.
Loss Aversion: Loss aversion is a cognitive bias where traders feel worse from losses than good from gains, even though the losses and gains are of the same amount.
Mainnet: A mainnet is a blockchain that runs independently, typically with its own technology, protocol, and network.
Margin Call: A margin call occurs when the value of a trader's margin account falls below the required maintenance margin level set by the exchange or trading platform.
Market Cap: Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.
Market Order: A market order is where a trader instructs an exchange to immediately buy or sell a cryptocurrency at the best available current market price.
Meme Coin: Meme coins are a type of cryptocurrency inspired by memes and internet jokes.
Mempool: Short for 'memory pool', a mempool serves as a temporary storage area for pending transactions that have been broadcast to the network but not yet confirmed by miners.
Metaverse: The Metaverse is a simulated digital environment that combines aspects of blockchain technology, social media, online gaming, augmented reality (AR), and virtual reality (VR) to create a 3D virtual space.
Miners: A miner is a computer (also known as a node) that solves mathematical problems relating to a cryptocurrency transaction in return for a block reward.
Mining: Mining is the process that projects use to generate new coins and verify blockchain transactions.
Mining Pool: A mining pool is a group of miners that combines its computational resources (hashing power) to increase the probability of finding a block and mining cryptocurrencies.
Mining Reward: A mining reward, otherwise referred to as a block reward, is a newly minted cryptocurrency given to a miner who successfully mines a new block on a blockchain.
Mint: 'Minting' is the process where non-fungible tokens (NFTs) or new coins/tokens are generally generated on Proof of Stake (PoS) blockchains.
Mint Price: Mint price is the cost an individual would need to pay to publish an NFT on a particular blockchain.
Moon/Mooning: 'Mooning' refers to a dramatic increase in the price of a particular cryptocurrency, leading to substantial gains.
Multi-Signature Wallet: A multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction.
NFT: An NFT, short for 'non-fungible token', is a unique, irreplaceable asset that lives on a blockchain.
NFT Collection: An NFT collection refers to a group or series of non-fungible tokens (NFTs), which are digital tokens minted on a blockchain and typically bought, sold, and traded on various blockchain-based marketplaces.
NFT ID: An NFT ID represents the identification number of an NFT in a collection.
NFT Sales Volume Index (7D): The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.
Nick Szabo: Nick Szabo is credited with the idea of the smart contract and the project Bit Gold.
Node: A node is a computer or device that participates in the network by maintaining a copy of the blockchain and validating transactions.
Non-Custodial Wallet: A non-custodial wallet, also known as a self-custody wallet, is a digital wallet that allows individuals to securely store and manage their digital assets without relying on a third-party custodian.
Nonce: A nonce is an arbitrary number generated only once by a miner when they hash a transaction.
OCO Order: OCO (one-cancels-the-other) orders allow traders to set two orders simultaneously (often a limit order and a stop order), with the idea that if one of the orders gets executed, the other order is automatically cancelled.
Off-Chain: Off-chain refers to transactions or activities that occur outside the blockchain, often addressing scalability, speed, and cost issues associated with on-chain transactions.
Offshore Account: An offshore account is a bank account held in a country other than the one in which the account holder resides or where the funds are generated.
Open Price: Open price indicates the price that an asset first trades at within a given period, typically a day.
Open-Source: Open-source is a term used to describe a publicly accessible software programme that users are free to inspect, modify, and share.
Open-Source Blockchain: An open-source blockchain refers to a blockchain network or protocol whose source code is made publicly available, allowing anyone to freely view, modify, and distribute the code.
Oracle: An oracle is a bridge that connects blockchain networks with external data sources or systems.
ORC-20 Token: The ORC-20 token standard is an open framework to enhance BRC-20 tokens on the Bitcoin network.
Order Book: An order book is a real-time, continuously updated list of buy and sell orders for a particular cryptocurrency that displays the prices and quantities of orders.
Ordinals: Ordinals are a means of creating Bitcoin NFTs by inscribing information onto individual satoshis.
Orphan Block: In blockchain technology, an orphan block (or stale block) refers to a block that was successfully mined and broadcast to the network but ultimately rejected because another block with the same block height had been added to the blockchain prior to the network confirming the orphan block.
Overbought: Overbought is a term to describe a cryptocurrency that has had its price increase more than its fundamentals would allow, either briefly or for an extended period of time.
Oversold: Oversold describes the state of a cryptocurrency that has been sold so much that its price has decreased either briefly or for an extended period of time.
Paper Hands: Paper hands is a term describing individuals who lack the conviction to hold on to their cryptocurrencies.
Parachain: Parachains are blockchains used on the Polkadot and Kusama networks, where they are natively integrated.
Peer-to-Peer (P2P): In a peer-to-peer (P2P) network, each user is a member of and contributes to the network, sharing data and/or tasks.
Permissionless: Permissionless refers to a system — typically related to blockchains — in which no person or thing can dictate who is allowed to use it and how it is used.
Plaintext: Plaintext is a form of text that humans can understand without the need for decryption.
Play-to-Earn (P2E): Play-to-earn (P2E) is an incentive model for blockchain video games.
Politically Exposed Person (PEP): Politically Exposed Person (PEP) refers to individuals who are or have been entrusted with prominent public functions, such as government officials, senior executives of state-owned corporations, or high-ranking military officers.
Practical Byzantine Fault Tolerance (PBFT): Practical Byzantine Fault Tolerance (PBFT) is an algorithm that prevents Byzantine faults in asynchronous environments and optimises for low latency.
Price Discovery: Price discovery is the process by which the market determines the price of a specific cryptocurrency, which is driven by various factors like supply and demand, market sentiment, news, and macroeconomic indicators.
Private Chain: A private chain (blockchain) is an invitation-only network governed by a central entity.
Private Key: A private key is a secret key comprising letters and numbers that enables a crypto wallet user to access their funds and authenticate transactions. One of the most common use cases in the crypto space is to encrypt crypto wallets.
Proof of Activity (PoA): A hybrid of the Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms, Proof of Activity (PoA) ensures all transactions on a network are legitimate and all miners reach a consensus.
Proof of Authority (PoA): A variant of the Proof of Stake (PoS) consensus mechanism, Proof of Authority (PoA) selects its validators based on reputation.
Proof of Burn (PoB): A consensus mechanism with minimal energy consumption, Proof of Burn (PoB) requires miners to 'burn' a portion of their tokens in order to earn the right to add a new block to the network.
Proof of Capacity: Proof of Capacity (PoC) is a type of consensus mechanism that bases its mining algorithm on the amount of space available on a miner's hard drive.
Proof of Elapsed Time (PoET): Proof of Elapsed Time (PoET) is a consensus algorithm used in permissioned blockchains to decide on mining rights.
Proof of History (PoH): A type of consensus mechanism, Proof of History (PoH) nodes use their own internal clocks to encode a passage of time onto the blockchain ledger. The events are hashed with a Verifiable Delay Function (VDF).
Proof of Importance (PoI): Proof of Importance (PoI) is a consensus mechanism that uses 'importance scores' to determine which nodes are eligible to mine new blocks. This helps to ensure that the network runs smoothly and all participants are contributing to its success.
Proof of Replication (PoRep): Proof of Replication (PoRep) is a proof system used to demonstrate the dedication of unique resources to storing replicas of a data file.
Proof of Reputable Observations (PRO): Proof of Reputable Observations (PRO) is a consensus mechanism that uses a combination of reputation scores and cryptographic mechanisms.
Proof of Stake (PoS): Proof of Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. It works by selecting validators based on the amount of tokens staked.
Proof of Work (PoW): Proof of Work (PoW) is a decentralised consensus mechanism that requires miners to solve complex mathematical problems in order to win the right to verify transactions and add new blocks to the blockchain.
Public Chain: A public chain (blockchain) is a completely decentralised and open network in which anyone can join and participate.
Public Key: A public key is a series of letters and numbers used to encrypt plaintext into ciphertext; one of the most well-known uses is as a crypto wallet address.
QR Code: A QR code is a two-dimensional barcode that contains information related to a specific cryptocurrency transaction.
Quantum Computing: Quantum computing refers to the possible impact of quantum computers, which have the ability to perform certain types of calculations much faster than classical computers and can pose a threat to cryptocurrency security.
Rank: Rank shows the position of a non-fungible token (NFT) collection by 7-day volume.
Recency Bias: Recency bias is a cognitive bias that states a trader puts more importance on recent occurrences than past ones when making trading decisions.
Rekt: In the cryptocurrency world, the term 'rekt' is a slang word for 'wrecked', which means to receive a significant loss in a trade or investment.
Remittances: A remittance is any form of payment transferred to another party — from sending money to family members, making a payment, or settling an invoice.
Retail Investors: Retail investors are individual, non-professional investors who buy and sell cryptocurrencies using their personal funds.
Right-Translated Market Cycle: Right translation is the tendency of prices to peak in the latter part of the cycle during bull markets.
Roadmap: A roadmap conveys the objectives, goals, and milestones of a project to potential backers.
RPC: RPC, short for Remote Procedure Call, is a mechanism that enables different components of a cryptocurrency network to communicate and interact effectively, facilitating transactions, data retrieval, and network operations.
Rug Pull: A rug pull is a type of scam in which the creators or developers of a project take traders' money and then abandon the project entirely.
Sales (7D): Sales (7D) is an indicator showing the number of NFT sales over a seven-day period.
Satoshi Nakamoto: Satoshi Nakamoto is the pseudonym for the to-date unknown individual or group accredited with the creation of Bitcoin.
Satoshis/Sats: Satoshis, known as 'sats', are the smallest unit available in bitcoin.
Security Token: Security tokens are digital forms of traditional securities and represent ownership of the underlying project, company, or asset.
Seed Phrase: A seed phrase is a series of 12 to 24 words used to access the digital assets in a cryptocurrency wallet.
SHA-256: Short for 'Secure Hash Algorithm 256-bit', SHA-256 is a cryptographic hash function used to generate unique identifiers (hashes) for blocks in the blockchain, ensuring data integrity and consistency.
Sharding: Sharding is a scaling method in which a large database is separated into smaller and more easily managed parts in order to increase the transaction load capacity and improve a network's efficiency
Shill: The act of promoting a cryptocurrency project, often for personal gain.
Short Selling: A trading strategy where an investor sells an asset expecting its price to decline, aiming to buy it back at a lower price.
Sidechain: A parallel blockchain that extends the functionality of a main blockchain.
Slippage: The difference between the expected price of a trade and the actual price due to market movement.
Smart Contract: Self-executing contracts with terms written into code on a blockchain.
Software Wallet: A digital wallet application for storing cryptocurrency keys and making transactions.
Solidity: A programming language used for developing smart contracts on blockchain platforms.
Sound Wallet: A method of storing cryptocurrency private keys using audio.
Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency or commodity.
Staking: Locking funds in a blockchain network to earn rewards or interest.
State Channels: Off-chain protocols allowing users to transact privately before finalising on the blockchain.
Stop-Limit Order: A trading order that combines a stop order with a limit order.
Stop-Loss Order: An order instructing a broker to sell an asset once it reaches a specific price to limit losses.
Symmetrical Triangle: A chart pattern indicating potential price consolidation before a breakout or breakdown.
Technical Analysis: Evaluating cryptocurrency price trends based on historical data and trading volumes.
Tendermint: A consensus protocol used to replicate and launch blockchain applications securely.
Testnet: An alternative blockchain used by developers for testing before deploying on the mainnet.
The DAO Hack: A 2016 event where $60 million was stolen from The DAO on Ethereum due to a vulnerability.
Time to Finality (TTF): The time it takes for a blockchain transaction to be fully confirmed.
Token: A digital asset that represents value or utility on a blockchain network.
Tokenomics: The study and design of a cryptocurrency's economic model.
Tower Byzantine Fault Tolerance (Tower BFT): A consensus algorithm ensuring security in distributed blockchain networks.
TradFi: Traditional finance, relying on established financial institutions like banks and stock exchanges.
Transaction Volume: The total number of cryptocurrency transactions within a specific period.
Transactions Per Second (TPS): A measure of how many transactions a blockchain network can process in one second.
Trustless: A system where no central authority is required to ensure trust between parties.
Unit of Account: A measure used to value goods, services, or assets in an economy.
URI Schemes: Standards for identifying and interacting with resources like cryptocurrency addresses and transactions.
User Interface (UI): The graphical interface that users interact with on a cryptocurrency platform or application.
Utility Token: A cryptocurrency that provides specific functionalities within a blockchain ecosystem.
UTXO: Unspent transaction output; the remaining balance after a cryptocurrency transaction.
Validator: A participant in a Proof of Stake blockchain responsible for creating new blocks and validating transactions.
Value (ETH): The price of an asset expressed in Ether (ETH) on the Crypto.com Price page.
Vapourware: Announced technology that is not released or may never be released.
Vault: A secure storage solution for digital assets with multiple security layers.
Verifiable Delay Functions (VDFs): Time-consuming mathematical puzzles that are easy to verify once solved.
Vesting Period: A timeframe in which a token's sale is restricted.
Virtual Machine: A software environment that executes smart contracts on a blockchain.
Vitalik Buterin: Creator of Ethereum, the second-largest cryptocurrency by market capitalization.
Volatility: The degree of price fluctuation of a cryptocurrency over time.
Volume: The total amount of a cryptocurrency traded within a specific period.
Volume (7D): The total amount of a cryptocurrency traded within a seven-day period.
WAGMI: An acronym meaning 'We're All Gonna Make It,' used to boost community morale.
Wash Trading: Illegal trading practice where an asset is simultaneously bought and sold to manipulate the market.
Web1: The first version of the internet, characterised by static content.
Web2: The current version of the internet, featuring dynamic, user-generated content.
Web3: The emerging version of the internet that integrates blockchain and decentralised applications.
Whale: An individual or entity holding a large amount of cryptocurrency.
White Paper: A technical document explaining the details of a cryptocurrency project.
Witness: A signature that verifies the authenticity of a blockchain transaction.
Yield: The return generated from holding or staking cryptocurrency.
Yield Farming: Earning rewards by locking up cryptocurrency in DeFi protocols.
Zero-Knowledge Proof: A method for proving possession of information without revealing the information itself.
ZK Rollup: A Layer-2 solution that enhances blockchain scalability by bundling transactions off-chain.
ZK-SNARK: A cryptographic technique for proving data without revealing the data itself.
ZK-STARK: A cryptographic proof system ensures validity without revealing underlying information.

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