50 Cryptocurrency Glossary of Jargons You Must Know Like The Back Of Your Hand

Altcoin

An altcoin is a type of cryptocurrency that is an alternative to Bitcoin and often has different features or specifications.

ATH

An all-time high is the highest value of something that has ever been recorded or achieved.

Block reward

The reward is given to miners for completing a block in a blockchain network, usually cryptocurrency.

Block

A block is a blockchain ledger record containing data, a timestamp and a cryptographic hash of the previous block.

Blue chip

Blue chip stocks are stocks of well-established companies with excellent financial performance, steady growth, and a large market capitalization. Therefore, they are considered to be low-risk investments.

Blockchain

A distributed ledger technology that securely records transactions and information between multiple parties on a shared network.

Coinbase

Coinbase is a digital currency exchange platform allowing users to buy, sell, and store cryptocurrency securely.

Crypto wallet

A digital wallet store that sends and receives cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Crypto wallet address

It is a unique string of alphanumeric characters used to receive and send cryptocurrency. It is similar to a bank account number and is used to store, send and receive digital currency.

CeFi

CeFi is a type of cryptocurrency investing which involves a combination of both centralized and decentralized exchanges. As a result, it allows for greater security and access to more liquidity.

dApps

Decentralized applications (dApps) are open-source applications that run on a distributed peer-to-peer network and are not controlled by any entity.

DeFi

Decentralized Finance (DeFi) is a financial system built on blockchain technology that enables users to lend, borrow, earn and invest money without using a traditional financial intermediary.

Digital Currency

Digital currency is a form of money that exists electronically and is not physical, such as Bitcoin or other cryptocurrencies. Instead, it is exchanged and used online and can be used for transactions and stores of value.

DAO

A decentralized autonomous organization is an organization that is run by a set of predefined rules on a blockchain network, allowing for trustless, transparent, and independent operation.

Digital Wallet

A digital wallet is a secure way to store and manage digital information online, such as payment details and personal data.

Ethereum

Ethereum is a decentralized, open-source platform that allows users to build and run decentralized applications and smart contracts. It runs on its cryptocurrency, Ether.

Fork

A fork is a change to the protocol of a cryptocurrency, resulting in two versions of the blockchain. This can happen when developers disagree on the changes to be made.

Floor price

The floor price is the lowest price at which a stock can be sold on a stock exchange. It is set to protect investors by preventing supply from being sold at an artificially low price.

Gas price

The cost of sending a transaction on a cryptocurrency network is denominated in the native currency of the blockchain, usually referred to as “gas” or “gas price”.

Genesis Drop

Genesis Drop is a decentralized platform that allows users to buy, sell, and trade cryptocurrency tokens. It offers a secure and transparent way to participate in the crypto markets.

Hashing

Hashing is a cryptographic process used in cryptocurrency to secure and verify transactions on the blockchain. It is used to generate a digital signature for each transaction.

ICO

An Initial Coin Offering (ICO) is a way for a company to raise capital by issuing cryptocurrency tokens to investors.

Layer 2

Layer 2 is a scalability solution that helps to increase transaction throughput on a blockchain by running transactions off-chain. It is an integral part of the cryptocurrency ecosystem.

Metaverse

An online virtual world where people can interact with each other in a 3D environment and explore, create, and participate in a variety of activities.

Mining

Process of using powerful computers to solve complex cryptographic puzzles to validate and verify digital transactions on the blockchain and earn rewards.

Mooning

Crypto Mooning is when a cryptocurrency rapidly increases in value, similar to a rocket taking off.

Non-fungible tokens

NFTs are unique digital assets that cannot be replaced or exchanged for another purchase. Instead, they are stored on blockchain networks and used for various applications.

Node

A crypto node is a computer that processes and stores cryptocurrency transactions and maintains a copy of the blockchain.

OpenSea

OpenSea is an online marketplace for buying and selling digital assets such as crypto-collectables, gaming, and in-game items. It provides users with a secure and transparent platform for buying and selling digital items.

Proof-of-stake (PoS)

PoS is a consensus algorithm that rewards validators for their commitment to the network by allocating newly minted coins and transaction fees.

Proof-of-work (PoW)

Proof-of-work is a system that requires a certain amount of effort to be completed to validate a transaction or block in a blockchain network. This effort is usually made through computing power.

Private Key (Seed)

A Private Key is a random string of words used to generate a wallet address, allowing access to the wallet and control over its funds.

Public key

The public key is a unique string of characters to receive and send cryptocurrency. It is a digital identifier for users to send and receive payments securely.

Pumping

They buy and sell digital currencies to profit by exploiting exchange price differences.

Pump & Dump

It is a fraudulent activity where traders artificially inflate the price of a particular crypto asset by promoting it heavily and then selling it off quickly for a profit.

public Ledger

A public ledger records all transactions made in a particular cryptocurrency, stored on a distributed network of regularly updated computers.

Rugpull

A Rugpull is an act of fraud in the crypto community where a project owner absconds with all of the funds invested.

Satoshi Nakamoto

Satoshi Nakamoto is the creator of Bitcoin and the anonymous figure behind the revolutionary cryptocurrency. He is credited with changing the world of finance and making the decentralized digital currency a reality.

Solana

Solana is a high-performance blockchain platform with the scalability and speed needed to power mainstream decentralized applications. It is designed to support millions of users and thousands of transactions per second.

Sharding

Sharding divides a blockchain network into smaller sections, or shards, that can each process transactions in parallel to increase scalability.

Satoshi

Satoshi is the smallest unit of Bitcoin (BTC), a digital currency created by an anonymous individual or group known as Satoshi Nakamoto. It is equal to 0.00000001 BTC and is named after the creator.

Software wallet

A software wallet is a virtual wallet that stores digital currencies like Bitcoin. It allows users to store securely, send, and receive digital assets. Therefore, choosing a secure software wallet is essential to protect your crypto assets.

Sharding

Sharding divides a blockchain network into multiple shards that can process transactions independently and in parallel to increase transaction speed and scalability.

Shilling

Shilling is a method of promoting cryptocurrency investments by endorsing, recommending or referring them to others. It involves encouraging people to buy or use a particular coin.

Shitcoin

Shitcoin is a cryptocurrency with no intrinsic value, usually created to make a quick profit. It is generally low in quality and has no actual use or potential.

Smart contract

Smart contracts are self-executing digital agreements based on blockchain technology, enabling the transfer of digital currency between two parties without the need for a middleman.

Solidity

Solidity is a programming language to develop smart contracts on the Ethereum blockchain. It allows developers to create and deploy decentralized applications (dapps) that can securely manage digital assets.

Stablecoin

A type of digital asset designed to maintain a consistent value and be used as a medium of exchange, like a traditional currency.

Tokens

Cryptocurrency tokens are digital assets used to represent a unit of value on a blockchain network. They are used to facilitate transactions and access specific services within a network.

Tokenomics

Tokenomics studies the economics of cryptographic tokens, digital assets used to incentivize and reward participants in decentralized networks and protocols.

Trezor

Trezor is a hardware wallet used to securely store and manage digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. In addition, it provides users with greater security and peace of mind by storing private keys offline.

Wallet

A cryptocurrency wallet is a digital wallet that stores sends, and receives digital currencies like Bitcoin. It allows users to store and manage their digital assets securely.

Wei

Wei is the smallest denomination of the Ethereum cryptocurrency. It is equivalent to 0.000000000000000001 Ethereum and is used in transactions and calculations.

Web3

Web3 is a library collection that allows developers to interact with the Ethereum blockchain using the Ethereum JavaScript API.

Whitepaper

A whitepaper is a document that outlines the technical details of a cryptocurrency, its purpose, how it works, and why it is valuable. It is used to explain the benefits of cryptocurrency to potential investors.