Crypto Glossary

What is APY? APY (Annual Percentage Yield) is yearly funds that money makers get as investment interest considering compounding.

What is a wallet address? A string of letters and numbers where or from the digital asset can be sent.

What is a blockchain address? It is an identification consisting of numbers and letters.

What is an airdrop? An airdrop of a cryptocurrency is a process of sending free coins or tokens to users wallet addresses generally in marketing purposes.

What are algorithmic stablecoins? Algorithmic stablecoins are decentralized. They are stablecoins which are backed by on-chain algorithms.

What is APE? ApeCoin (APE) is a token from the Bored Ape Yacht Club NFTs collection based on Ethereum blockchain.

What is Arbitrage? Cryptocurrency arbitrage is a form of trading when asset is purchased on one exchange and immediately sold on another for a higher price.

What is API? API (Application Programming Interface) is a software agent that allows two applications to talk to each other

What is APR? APR (Annual Percentage Rate) is yearly funds that money makers get as investment interest.

What is an Audit?  A security audit is a structured assessment of all issues and potential vulnerabilities that exist in a smart contract.

What is BNB? BNB is the utility token of the Binance Exchange and the native token of the Binance Smart Chain.

What is Bear Market? A bear market is a declining market, a situation when prices are falling, typically by 20% or more.

What is BEP-20? BEP-20 is a token standard on the Binance Smart Chain, and extension of the Ethereum standard ERC-20.

What is Bitcoin? Bitcoin (BTC) is a decentralized digital currency which operated on the Bitcoin blockchain.

What is a Block? A block in a blockchain is a part of data structure where recent transaction is recorded which is not validated be network yet.

What is Borrowing? Borrowing of crypto assets linked to DeFi lending.

What is Bull Market? A period of dramatical growing of crypto assets. It can last for months or even years.

What is Blockchain? Blockchain is a shared immutable ledger for recording transactions that are maintained across several computers linked in a peer-to-peer network.

This is a currency that is not regulated by any authority and uses blockchain technology.

What is Cipher? It is a system for encrypting and decrypting data. It uses a key to convert a message into ciphertext.

What is Circulating Supply? It is number of coins or tokens that are available for trading in the market. It is an active part of total supply.

What is a Coin? Coins are cryptocurrencies are founded own blockchain. They operate separately and are independent of any other coins.

What is Collateral? It is any asset which can be accepted as a guarantee for lenders. It ensures that borrowers will repay loans.

What is a Chart? Data based graphical representations of historical prices, volumes, their changes during customizable period of time.

Research area in the field of data protection and distribution.

A decentralized autonomous organization consisting of rules that this organization will be guided by.

A place where information about assets is stored and confirms their authenticity in blockchain.

A call to conduct a thorough research of the project before investing.

What is DeFi? DeFi stands for decentralized finance and is an umbrella term to define the infrastructure, technologies, and processes involved in the financial system without a central authority.

What is Degen? The term degen (short for degenerate) refers to users who make large purchases or risky trading decisions without the necessary knowledge.

What is Delisting? An act of removal of a particular cryptocurrency or trading pair from an exchange.

What is DEX? It is a Decentralized exchange. A marketplace platform for noncustodial cryptocurrency trading.

A standard of tokens for non-fungible tokens on Ethereum.

What is EVM? Ethereum's peer-to-peer network is made up of participant computers collectively called the Ethereum Virtual Machine, or EVM.

A token standard that is used exclusively on the Ethereum platform.

A decentralized blockchain platform that securely executes and validates smart contract code and creates a peer-to-peer network.

What is Exchange? The marketplace where financial transactions of cryptocurrencies take place.

A fiat currency is a currency which is officially issued by the state.

An abbreviation used to denote to a feeling of missing out. Short for "fear of missing out".

Changes in the source code of the crypto project, creating its alternative version.

What is Gas? Gas is a computational effort, a fee required to execute specific operations in the EVM.

Gwei is a small denomination of the Ethereum cryptocurrency. Gas cost unit.

What is Hash? A hash function is a mathematical process that takes data of any size, performs an operation on it, and returns a hash, which is data of a fixed size.

It is the process of reducing the rate of generation of new units of cryptocurrency.

A term denoting the principal retention of the currency from the investor, despite the rise or fall of its price.

A person using a long-term investment strategy. A holder of cryptocurrency.

The mechanism for detecting unauthorized access to the information system. It is used for computer security purposes.

Initial Coin Offering - it is a way to attract investment for crypto projects through the sale of their tokens or coins.

Initial DEX Offering – it is the initial coin offering of the project on a decentralized crypto exchange.

Initial Exchange Offering – it is a version of the ICO, which is being led by a crypto exchange.

It is a Hash function providing an increased level of security. This is a hashing algorithm with variable bit depth.

Know Your Customer is the process of verifying the identity of a person or company that wants to do business with another party.

The brand of car that people who are going to get rich on cryptocurrency dream about because of huge growth.

Launchpad is a platform where new crypto projects can raise capital. Funds may be required for various purposes, such as finalizing or launching a cryptocurrency.

These are the underlying blockchains like Bitcoin or Ethereum. In Layer 1 scaling, the underlying blockchain protocol is modified to implement its scalability.

It is any off-chain network, system or technology built on top of a blockchain (commonly known as a first layer network) that helps extend the capabilities of the underlying network.

The process of lending in the form of issuing cryptocurrencies to borrowers in exchange for subsequent regular loan payments with interest.

A term showing how easily an asset can be sold or bought without noticeable interference with its market value.

The process in which a pool of funds is locked by sending them to a special smart contract. Thus, it gives investors confidence that developers will not make the rug pull.

This is a coin/token trading pair with locked funds from liquidity providers that provide liquidity to this pair.

Listing is the process of listing a cryptocurrency on an exchange.

Liquidity Providing tokens are special tokens that a decentralized exchange gives out for providing liquidity to a particular pair.

Move to earn is a system where investors earn cryptocurrencies for various active actions.

Market capitalization is a term denoting the total cost of the project based on its current market price.

The farm's main smart contract that is used to create staking pools.

Mining is the process of generating new blockchain blocks using the power of computer equipment, for which miners are rewarded.

A Merkle tree is a hash tree built over some kind of data chain, aggregating these same hashes into one (root) hash that stores information about the state of all data blocks.

What is a Nonce? A nonce is a number only used once. It's used for a specific purpose and never used again.

Non-fungible token is a cryptographic certificate of a digital object transferable through a mechanism used in cryptocurrencies.

NFT Marketplace is an online store for the implementation of NFT.

A node is a blockchain data store needed for decentralization. As a rule, a Node is an ordinary computer.

It is an on-chain transaction - these are transactions that are verified by miners, recorded on the blockchain and available to everyone.

Oracles are third-party services that act as a bridge between blockchains and the outside world, allowing smart contracts to communicate with external sources of information.

Public Key Infrastructure (PKI) is a type of encryption and one of the key components of blockchain technology.

Proof of Work (PoW) consensus mechanism requires the people who own the computers in the peer-to-peer network to solve a complex mathematical problem to be able to add a block to the chain.

Play to earn is a special game in which a platform user can earn tokens by participating in the gameplay.

P2P (peer-to-peer) is trade between buyers and sellers directly, without the help of intermediaries.

A paper document (printed QR) on which the private keys (seed phrases) of the wallets are physically recorded.

A cryptographic structure with identical bindings, ensuring high efficiency of operations carried out with it.

An alternative type of consensus mechanism used by blockchains to confirm transactions.

A set of rules that establishes the structure of the blockchain between computers. It allows digital money to be securely exchanged on the internet.

A structure that ensures the security of transmitted information through a system of keys and certificates.

A kind of crypto scam in which developers close the project, taking all the liquidity, and thus stealing investors' money.

A fraud scheme for stealing cryptocurrencies, any kind of deception leading to the loss of funds.

It is an algorithm of certain actions integrated into the blockchain code. A smart contract automatically starts the sequence, subject to the established agreements that are written in it.

A cryptocurrency with a stable value, due to its binding to other assets, such as real currencies or precious metals.

Analysis of the smart contract code for its security, with a search for vulnerabilities, followed by a report and recommendations for eliminating these vulnerabilities.

A token is a digital certificate that guarantees the company's obligations to its owner, an analogue of shares on the stock exchange in the world of cryptocurrencies.

It is the total number of coins that are already in circulation + new mined coins that are not on the market.

It is the operation of storing data in the blockchain, during which the transfer of crypto assets or other information between crypto wallets takes place.

It is the number of transactions that the chain can process per second, as well as the speed at which the network can confirm the transaction.

Total Value Locked is a cryptocurrency indicator for assessing the total value of crypto assets locked in DeFi liquidity pools by liquidity providers.

It is a blocking of a cryptocurrency in a smart contract for a certain, customizable period of time with subsequent unlocks for certain wallets.

Ethereum has a metric system of denominations used as units of Ether. The smallest unit is one wei.

It is a tool that allows you to receive and send transactions in cryptocurrency, buy coins on decentralized exchanges, store NFT tokens, connect to decentralized finance platforms.

The term is used to refer to an individual or organization that owns a large amount of cryptocurrency.

This is the name of a cryptocurrency linked by value to another cryptocurrency. This is a token presented on another blockchain, but tied to the value of the base one.

A document providing the investor with information about the project and its development paths.

It is an investment strategy where users (liquidity providers) temporarily provide liquidity to the DeFi protocol in order to earn income in tokens of this protocol.

It is a brief preliminary technical description of the concept of cryptocurrency, intended to familiarize you with the project.

Proof of the reliability of any statement of one of the interacting parties - "The verifier", while not having any other information from the second party - "The prover".

Zero Knowledge Rollup combine hundreds of off-chain transactions and generate a zero-knowledge proof.