Glossary
Airdrop
The process of distributing cryptocurrency tokens or coins to multiple wallet addresses for free.
Altcoin
Any cryptocurrency other than Bitcoin.
AMM (Automated Market Maker)
A decentralized finance protocol that uses smart contracts to facilitate the exchange of cryptocurrencies.
Atomic Swap
A direct exchange of one cryptocurrency for another, without the need for a third-party intermediary.
Bitcoin (BTC)
The first and most well-known cryptocurrency, created in 2009.
Block Explorer
A web-based tool that allows users to view and analyze transactions on a blockchain.
Blockchain
A distributed, decentralized digital ledger that records transactions across many computers in a network.
Burning
The process of permanently removing a cryptocurrency from circulation, reducing the total supply.
Cold Storage
The practice of storing cryptocurrency private keys offline, away from the internet, to protect against hacking.
Composability
The ability of different DeFi protocols and applications to work together seamlessly.
Consensus mechanism
The method by which the blockchain network agrees on the state of the ledger.
Contact
The section where users can get in touch with the project team or provide feedback.
Cryptocurrency
A digital or virtual currency that uses cryptography for security.
DAO (Decentralized Autonomous Organization)
An organization that is run through rules encoded as computer programs called smart contracts.
Decentralized Application (dApp)
An application that runs on a decentralized network, such as the Ethereum blockchain.
Decentralized Exchange (DEX)
A cryptocurrency exchange that operates without a central authority.
Decentralized Finance (DeFi)
The movement to build financial applications and services on blockchain technology.
DDoS (Distributed Denial of Service)
An attack that aims to disrupt the normal traffic of a network by overwhelming it with internet traffic from multiple sources.
Ethereum (ETH)
A popular blockchain platform that enables the creation and use of decentralized applications.
Flash Loan
A type of loan in DeFi where the borrowed funds must be returned within the same transaction.
FUD (Fear, Uncertainty, and Doubt)
Negative information spread to influence the market sentiment and price of a cryptocurrency.
FOMO (Fear of Missing Out)
The fear of missing out on a potential investment opportunity, leading to impulsive decision-making.
Fork
A change to the software of a blockchain that creates a new, separate version of the blockchain.
Gas
The fee required to successfully conduct a transaction on the Ethereum network.
Glossary
The section that defines and explains the core terminology and concepts related to blockchain, cryptocurrencies, and the project itself.
Governance
The process of decision-making and administration within a decentralized network.
Governance Token
A cryptocurrency token that gives its holders the ability to participate in the decision-making process of a decentralized project.
Hardware Wallet
A physical device designed to store cryptocurrency private keys securely, offline.
Hard Fork
A fork in the blockchain that is not compatible with the previous version, resulting in a permanent split.
HODL
A term derived from a misspelling of "hold," meaning to hold onto a cryptocurrency investment for the long-term.
Impermanent Loss
The temporary loss in value that can occur when providing liquidity to a decentralized exchange.
Initial Coin Offering (ICO)
A type of crowdfunding used to raise funds for new cryptocurrency projects.
Initial DEX Offering (IDO)
A type of crowdfunding where tokens are sold directly on a decentralized exchange.
Key Pair
A set of cryptographic keys, consisting of a public key and a private key, used for secure communication and transaction signing.
Layer 1
The base blockchain network, such as Bitcoin or Ethereum.
Layer 2
A secondary protocol or network built on top of a Layer 1 blockchain to improve scalability and efficiency.
Lending Protocol
A DeFi protocol that allows users to lend and borrow cryptocurrency assets.
Liquidity
The ability of an asset to be converted into cash or another asset quickly and without significant loss in value.
Liquidity Mining
The process of earning rewards by providing liquidity to a decentralized exchange.
Liquidity Pool
A collection of cryptocurrencies locked in a smart contract that enables decentralized trading.
Mining
The process of verifying and adding new transactions to the blockchain, done by computers on the network.
Node
A computer connected to the blockchain network that maintains a copy of the blockchain and helps to verify transactions.
Non-Fungible Token (NFT)
A unique, indivisible digital asset that represents ownership of a specific item.
Oracle
Entities that provide external data to smart contracts, bridging the gap between the blockchain and the real world.
Proof of Stake (PoS)
A consensus mechanism where validators stake their own cryptocurrencies to validate transactions.
Proof of Work (PoW)
A consensus mechanism that requires miners to solve complex mathematical problems to validate transactions.
Roadmap
A plan that outlines the future development and milestones of a cryptocurrency or blockchain project.
Rug Pull
A malicious practice in which the developers of a cryptocurrency project suddenly abandon the project, taking investors' funds with them.
Seed Phrase
A set of recovery words that can be used to restore a cryptocurrency wallet and access the funds stored in it.
Sharding
A scalability solution that divides the blockchain into smaller, more manageable pieces called shards.
Sidechain
A separate blockchain that is connected to and can interact with the main blockchain, allowing for increased scalability.
Slippage
The difference between the expected price of a trade and the actual price at which the trade is executed.
Smart Contract
Self-executing computer programs that automatically enforce the terms of an agreement between parties.
Soft Fork
A fork in the blockchain that is backward-compatible with the previous version.
Stablecoin
A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency.
Staking
The process of holding cryptocurrency in a wallet to support the operations of a blockchain network and earn rewards.
Staking Rewards
The rewards earned by holding and staking cryptocurrency in a Proof of Stake network.
Token
A digital asset that represents ownership of an asset or a right to access a service.
Tokenomics
The economics and distribution of a cryptocurrency, including the total supply, inflation rate, and incentive structures.
Transaction
The transfer of value between cryptocurrency addresses on the blockchain.
Validator
A node in a Proof of Stake blockchain network that is responsible for validating transactions and adding new blocks to the chain.
Wallet
A digital storage device used to store, send, and receive cryptocurrencies.
Whale
A person or entity that holds a large amount of a particular cryptocurrency.
Whitepaper
A document that outlines the technical details, specifications, and vision of a cryptocurrency or blockchain project.
Wrapped Token
A cryptocurrency token that represents another cryptocurrency, allowing it to be used in DeFi applications.
Yield Farming
The practice of actively managing and lending cryptocurrency assets to earn rewards.