All basic terms in crypto that you should know in order to do anything in crypto like crypto Trading, Mining, Arbitraj.
Crypto A – Z :
An altcoin is a virtual or digital token that can be used as an alternative to standard fiat currencies.
A 51% attack is a type of attack or condition on a blockchain in which an attacker or an individual has control of more than 50% of the network’s mining hash rate or computing power.
The increased control allows the attackers to manipulate the blockchain ledger to double-spend coins, prevent certain transactions from being confirmed, or halt the entire network.
A cryptocurrency cope is a completely unique identifier that represents a particular region on the blockchain.
A blockchain is a virtual ledger of all cryptocurrency transactions. Each cope has a personal key related to it this is used to signal transactions.
In simple words, a crypto airdrop is the distribution of crypto tokens for free in order to promote crypto coins.
A cryptographic set of rules is a mathematical characteristic used for encryption or decryption.
It is the highest price of crypto to date.
All Time Low:
It is the Lowest price of crypto to date.
It is a type of process which helps to identify and report suspicious activity in order to prevent money laundering.
It is buying crypto from the platform where the price is low and selling where the price is high in order to make a profit without any risk.
ASIS is a cryptocurrency this is meant to offer an extra stable and personal manner of accomplishing transactions.
ATH is the highest price that a cryptocurrency has ever reached.
ATH is the lowest price that a cryptocurrency has ever reached.
An atomic change is a kind of change wherein one cryptocurrency is exchanged for some other cryptocurrency, without using a 3rd party.
This kind of change is likewise referred to as a cross-chain change because it includes special blockchain networks.
A bag in crypto is a virtual asset this is used to store, send, and get hold of virtual assets. It is just like a bodily wallet, however, it’s miles virtual and may be accessed online.
It is a state of affairs wherein traders trust that an inventory goes to preserve to decline, simplest to peer it rebound and begin to upward thrust again.
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto.
Bitcoin Cash is a cryptocurrency created in August 2017, from a fork of Bitcoin.
A block is a record in a blockchain that contains data about transactions.
A block explorer is a tool that allows you to view information about blocks, transactions, and addresses on the Bitcoin Cash network.
Block height is the number of blocks in a blockchain.
BTFD is an acronym that stands for “Buy the F*cking Dip.” It is a popular saying among cryptocurrency investors that suggests buying an asset when its price is down.
Burned means that a cryptocurrency has been permanently destroyed, usually as a result of a transaction.
A buy wall is a situation where there is a large number of buy orders placed at a certain price point, making it difficult for the price to fall below that point.
CAP is an acronym that stands for “circulating supply, max supply, and price.” It is a way of valuing cryptocurrency.
A central ledger is a record of all transactions that have taken place within a particular system.
Chain linking is the process of connecting multiple blockchains together so that they can share information and transactions.
A cipher is a code used to encrypt or decrypt data.
Circulating supply is the number of coins or tokens that are currently in circulation.
Cold storage is a method of storing cryptocurrency offline in order to protect it from hacking or theft.
Confirmed means that a transaction has been verified by the network and is considered valid.
Consensus is when all participants in a network agree on the state of the network.
The consensus process is the mechanism by which consensus is reached.
The block reward is the amount of cryptocurrency that is awarded to a miner for successfully mining a block.
A blockchain is a distributed database that stores a record of all transactions that have taken place on the network.
A consortium blockchain is a private blockchain that is managed by a group of institutions.
A cold wallet is a cryptocurrency wallet that is offline and not connected to the internet.
Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control the creation of new units.
Decentralization is the process of distributing power or authority away from a central body.
Decentralized finance (Defi) is a financial system that is built on decentralized protocols and applications.
A decentralized application (DApp) is an application that runs on a decentralized network.
Digital gold is a term used to describe the use of cryptocurrency as a store of value.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
An exchange is a platform where users can buy and sell cryptocurrencies.
A fork is a change to the software of a cryptocurrency that creates two separate versions of the blockchain.
Gas is a unit of measurement used to determine the amount of work that needs to be done in order to process a transaction on the Ethereum network.
The genesis block is the first block of a blockchain.
HODL is a term used by cryptocurrency investors to mean holding onto an asset for a long period of time.
Halving is a process that reduces the block reward for miners by half.
A hot wallet is a cryptocurrency wallet that is online and connected to the internet.
Initial Coin Offering:
An initial coin offering (ICO) is a fundraising event where a new cryptocurrency project sells tokens to investors in exchange for funding.
Market capitalization is the value of all the cryptocurrencies in circulation.
Mining is the process of verifying and adding transactions to the blockchain. Miners are rewarded with cryptocurrency for their work.
A node is a computer that is connected to the blockchain network.
NFT’s are non-fungible tokens that represent a unique asset on the blockchain.
Peer-to-peer (P2P) is a decentralized network where each participant has equal power.
The public key is a cryptographic key that can be used to encrypt data.
The private key is a cryptographic key that can be used to decrypt data. We should not share this key with anyone.
A smart contract is a digital contract that is stored on the blockchain.
Stablecoin is a coin whose price is pegged to stable assets like gold, or USD.
Vitalik Buterin is the co-founder of Ethereum.
A wallet is a software program that stores the private keys of a user and allows them to interact with the blockchain.