![]() It serves as an extension of Ethereum's ERC-721. BEP-721Ī BNB Chain (originally referred to as Binance Smart Chain) token standard that enables the generation of non-fungible tokens (NFTs). BEP-20Ī token standard that allows users on BNB Chain (originally referred to as Binance Smart Chain) to deploy fungible tokens. BEP-2Ī technical standard used for the issuance and implementation of tokens on Binance Chain. The process of appending a new transaction to the Tezos blockchain. BagholderĪn individual or investor that continually holds a large quantity of an asset irrespective of its performance. BagĪ term that refers large quantity (higher than average) of a specific crypto asset. ![]() Blockchainīlockchain is a distributed ledger for securely recording data by cryptographically linking blocks of data/transactions in a peer-to-peer network. A group of cryptographically linked blocks constitutes a blockchain. Unit files that store information about transactions completed during a given time frame in a cryptocurrency network. Bitcoin Halvingīitcoin halving is an event that occurs in the Bitcoin network after every 210,000 blocks where block rewards are reduced by 50%. However, Bitcoin Cash is a fork of the original Bitcoin protocol with a larger block size of 32MB. Like Bitcoin, Bitcoin Cash is a decentralised peer-to-peer currency for facilitating financial activities such as making payments to stores and merchants, remittances, and low-cost cross-border payments. Automated Market Maker (AMM)Īn automated decentralised exchange protocol that relies on mathematical formulas to price assets, removing intermediaries from the trading process.īitcoin is a peer-to-peer decentralised digital currency for facilitating payments and exchanges without the need for financial middlemen. They generate a lot of computing power, enabling users to find results to the cryptographic puzzles in proof-of-work cryptocurrencies quicker and more cost-efficiently. Application-Specific Integrated Circuits (ASICs)ĭedicated hardware for mining cryptocurrencies. Uncollateralised digital assets designed to stabilise price and balance the circulating supply of an asset through being pegged to a reserve asset to minimise the volatility price swings. ![]() Annual Percentage Yield (APY)Īnnual percentage yield is the real rate of returns earned on an investment (ROI) on an annual basis, taking into account the effect of compound interest. It is expressed in percentage and determined by multiplying the periodic interest rate by the number of periods. The yearly rate of interest a borrower must pay investors. Algorithmic Market Operations (AMOs)Īutomatically control the supply of algorithmic stablecoins while aiming to improve scalability, decentralisation, and transparency. ![]() AirdropĪn airdrop is a marketing strategy employed in crypto projects that involves the distribution of free tokens to generate social media hype, reward holders, and build communities. It's currently used in the Elrond blockchain platform. Adaptive State ShardingĬombines all methods of sharding into one form to boost communication and speed. ATLĪTL, short for all-time low, is the lowest price of an asset since its launch. ATHĪTH, short for all-time high, refers to the highest price of an asset since its launch. AddressĪ string of letters and numbers representing a wallet where transactions can be sent to and from. Examples include Ether, Litecoin, and Cardano. # | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | ZĪ 51% attack occurs in a network when one entity controls more than half of the mining power or tokens in a cryptocurrency network.Īltcoins are alternative cryptocurrencies to Bitcoin. That's why we’ve prepared this huge crypto glossary of the most important terms traders need to get started with trading cryptocurrency. Understanding all the terms used in the crypto markets can be quite overwhelming, especially since cryptocurrencies are still a relatively new asset class. Crypto glossary of terms Discover the most important crypto terminology you need to know ![]()
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