Crypto Wikipedia – All basic terms in crypto 2022

All basic terms in crypto that you should know in order to do anything in crypto like crypto Trading, Mining, Arbitraj.

crypto wiki

Crypto A – Z :

Altcoin:

An altcoin is a virtual or digital token that can be used as an alternative to standard fiat currencies.

51% Attack:

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.

Addresses:

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.

Airdrop:

In simple words, a crypto airdrop is the distribution of crypto tokens for free in order to promote crypto coins.

Algorithm:

A cryptographic set of rules is a mathematical characteristic used for encryption or decryption.

All-Time High:

It is the highest price of crypto to date.

All Time Low:

It is the Lowest price of crypto to date.

AML:

It is a type of process which helps to identify and report suspicious activity in order to prevent money laundering.

Arbitrage:

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.

ASIC:

ASIS is a cryptocurrency this is meant to offer an extra stable and personal manner of accomplishing transactions.

ATH:

ATH is the highest price that a cryptocurrency has ever reached.

ATL:

ATH is the lowest price that a cryptocurrency has ever reached.

Atomic Swap:

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.

Bag:

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.

Bear Trap:

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:

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto.

Bitcoin Cash:

Bitcoin Cash is a cryptocurrency created in August 2017, from a fork of Bitcoin.

Block:

A block is a record in a blockchain that contains data about transactions.

Block Explorer:

A block explorer is a tool that allows you to view information about blocks, transactions, and addresses on the Bitcoin Cash network.

Block Height:

Block height is the number of blocks in a blockchain.

BTFD:

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:

Burned means that a cryptocurrency has been permanently destroyed, usually as a result of a transaction.

Buy Wall:

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:

CAP is an acronym that stands for “circulating supply, max supply, and price.” It is a way of valuing cryptocurrency.

Central Ledger:

A central ledger is a record of all transactions that have taken place within a particular system.

Chain Linking:

Chain linking is the process of connecting multiple blockchains together so that they can share information and transactions.

Cipher:

A cipher is a code used to encrypt or decrypt data.

Circulating Supply:

Circulating supply is the number of coins or tokens that are currently in circulation.

Cold Storage:

Cold storage is a method of storing cryptocurrency offline in order to protect it from hacking or theft.

Confirmed:

Confirmed means that a transaction has been verified by the network and is considered valid.

Consensus:

Consensus is when all participants in a network agree on the state of the network.

Consensus Process:

The consensus process is the mechanism by which consensus is reached.

Block Reward:

The block reward is the amount of cryptocurrency that is awarded to a miner for successfully mining a block.

Blockchain:


A blockchain is a distributed database that stores a record of all transactions that have taken place on the network.

Consortium blockchain:

A consortium blockchain is a private blockchain that is managed by a group of institutions.

Cold Wallet:

A cold wallet is a cryptocurrency wallet that is offline and not connected to the internet.

Cryptocurrency:

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control the creation of new units.

Decentralization:

Decentralization is the process of distributing power or authority away from a central body.

Decentralized Finance:

Decentralized finance (Defi) is a financial system that is built on decentralized protocols and applications.

Decentralized Application:

A decentralized application (DApp) is an application that runs on a decentralized network.

Digital Gold:

Digital gold is a term used to describe the use of cryptocurrency as a store of value.

Ethereum:

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Exchange:

An exchange is a platform where users can buy and sell cryptocurrencies.

Fork:

A fork is a change to the software of a cryptocurrency that creates two separate versions of the blockchain.

Gas:

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.

Genesis Block:

The genesis block is the first block of a blockchain.

HODL:

HODL is a term used by cryptocurrency investors to mean holding onto an asset for a long period of time.

Halving:

Halving is a process that reduces the block reward for miners by half.

Hot Wallet:

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.

Marketing Capitalisation:

Market capitalization is the value of all the cryptocurrencies in circulation.

Mining:

Mining is the process of verifying and adding transactions to the blockchain. Miners are rewarded with cryptocurrency for their work.

Node:

A node is a computer that is connected to the blockchain network.

NFT’s:

NFT’s are non-fungible tokens that represent a unique asset on the blockchain.

Peer-to-peer:

Peer-to-peer (P2P) is a decentralized network where each participant has equal power.

Public Key:

The public key is a cryptographic key that can be used to encrypt data.

Private Key:

The private key is a cryptographic key that can be used to decrypt data. We should not share this key with anyone.

Smart Contract:

A smart contract is a digital contract that is stored on the blockchain.

Stable Coin:

Stablecoin is a coin whose price is pegged to stable assets like gold, or USD.

Vitalink Buterin:

Vitalik Buterin is the co-founder of Ethereum.

Wallet:

A wallet is a software program that stores the private keys of a user and allows them to interact with the blockchain.