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GLOSSARY

51% Attack

A 51 percent attack is an attack on proof-of-work-based networks. An attacker accounts for more than half of the network's computing power (hash power).

 

Airdrop

In an airdrop, additional units of a cryptocurrency are distributed to the holders of the cryptocurrency.

 

All Time High (ATH)

The all-time high refers to the peak of a cryptocurrency.

 

Altcoin

An altcoin is the name given to all cryptocurrencies that were invented after the mother of all cryptocurrencies, Bitcoin (BTC).

 

Anti-Money Laundering Regulations

Anti-Money Laundering (AML) regulations are designed to prevent money laundering on crypto exchanges.

 

Arbitrage

Arbitrage is the practice of buying and selling assets across two or more markets in order to profit from different prices. For example, a trader might buy a particular asset in one market and quickly sell the same asset in another market at a higher price.

Bear market

The term bear market refers to a negative trend in the prices of a market. It is used not only in the cryptocurrency space but also in traditional markets such as stocks, bonds, real estate, and commodity markets.

 

Block

The blockchain is a concatenation of data blocks. Each block can be thought of as a page in a ledger. The individual blocks are made up of several components. Roughly speaking, these can be divided into the head of the block (block header) and its body (block body).

 

Block Reward

The block reward is awarded to the miner or producer of a block who has successfully solved a new block of transactions.

 

Blockchain

A blockchain is a digital ledger controlled by a distributed public computer network. (see also: Distributed Ledger Technology). A distinction is made between public (public or permissionless) blockchains and private (private or permissioned) blockchains.

Blockexplorer

The block explorer offers anyone the opportunity to track online transactions on a blockchain such as Bitcoin.

 

Block

The block size describes the file size of a single block in a blockchain. In the case of Bitcoin, this is 1 megabyte (MB).

 

Brave Browser

The Brave Browser is an internet browser from the crypto space. It focuses on user privacy and rewards them for watching ads with the Basic Attention Token (BAT).

 

Bull market

In a bull market or bull market, the price of an asset rises. Accordingly, investor sentiment is "bullish", i.e. optimistic.

CEX

A CEX (Centralized Exchange) is a centralized platform for trading cryptocurrencies. 

Cold Storage

Cold storage is a method of storing cryptocurrencies offline.

Token

A token is a digital possession whose ownership is regulated by a blockchain.

 

Token Sale

A token sale is the sale or issuance of new tokens of a crypto project.

Total Supply

The total supply is the total supply or the total circulating amount of a cryptocurrency.

 

Transaction

The transaction fee is the fee incurred when sending a cryptocurrency.

 

USDC

The USDC (United States Dollar Coin) is a stablecoin. It is issued by the Centre consortium and tracks the US dollar at a 1:1 ratio.

 

Encryption

Encryption is a process that turns data into an unreadable form to protect it from unauthorized access.

 

Volatility

The term volatility describes price fluctuations of stocks, currencies or cryptocurrencies.

 

Wallet

A wallet is a digital wallet. It is used to store cryptocurrencies.

White Paper

A white paper describes the basics of a technical project in the crypto sector.

 

Whitelist

The whitelist represents a list of entities or individuals that are eligible to participate in a particular project.

Yield Farming

In the field of decentralized finance (DeFi), yield farming is considered a lucrative way to make one's cryptocurrencies work for you. If you invest your money here, you have the opportunity to make hefty profits. Check out our guide to find out everything you need to know to get started with yield farming.

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