Time to know everything about Cryptocurrencies and Blockchain.
AMM Automated Market Maker
An automated market maker, or shortly AMM is a type of algorithm that operates on a decentralized exchange and facilitates the buying and selling of cryptocurrencies.
Application Programming Interface (API) is a set of rules, protocols, and tools for build and integrate complex and powerful application software systems.
APR and APY are key terms in the industry. Respectively APR stands for Annual Percentage Rate and APY identifies the Annual Percentage Yield. They are used to calculate the interest from crypto investments.
A crypto aggregator is a platform that allows users to view, compare, and trade a wide range of cryptocurrencies from a single interface, making it easier to manage digital assets in the DeFi industry.
An airdrop represents a common marketing method employed by crypto startups, usually used to increase awareness of a project and currency throughout the free distribution of a specific token or coin.
An algorithm is a finite sequence of instructions that conduct computer programs to perform and execute a variety of simple tasks or more complex operations.
The term altcoin comes from the combination of the two words “alternative” and “coin” and includes all the coins and tokens that are not bitcoin (BTC).
Crypto arbitrage is a trading strategy that uses crypto price discrepancies between exchange platforms to profit, buying an asset at the lowest price and reselling it at a higher price.
BEP-2 or Binance Evolution Proposal 2 is one of the token standards (a set of rules and technical specifications) for creating and implementing digital assets on the BNB Beacon Chain.
BEP-20 is the token standard on the BNB Smart Chain (BSC). Like ERC-20 on Ethereum, this standard is used for creating tokens and facilitating smart contract development on the BNB Smart Chain.
BUIDL is a term used in the cryptocurrency and blockchain industries. It is a play on the word "build" that encourages users and developers to focus on building rather than holding or speculating.
The term bear market refers to a period in which the prices of crypto are falling, and investors are very pessimistic about future returns. They tend to sell their assets, causing the prices to decrease even more.
Bear and Bull traps are situations where market movements deceive investors into making decisions that are not in their best interest. These are also defined as implicit manipulations or pressure.
A block explorer is a helpful resource that allows people to view and interact with the contents of a blockchain, providing a user-friendly interface for viewing all the necessary information.
A block header in a blockchain is a part of a block that contains metadata, including information such as a timestamp, the hash of the previous block, and the proof of work that was used to create the block.
A blockchain is a decentralized and distributed ledger that, thanks to encryption, makes every operation or data inserted on it irreversible. Its main features are transparency and decentralization.
A blockchain bridge is a protocol that connects two separate blockchains, allowing them to communicate with each other and exchange information and data.
A bull market occurs when the prices of cryptocurrencies go up over a period of time. Investors feel optimistic about future returns and believe prices will continue to rise, creating a positive feedback loop.
CBDC is the acronym for central bank digital currency. It aims to be a digital alternative to physical cash to increase the efficiency and accessibility of financial transactions.
The CPU is the most important piece of hardware in any digital computing system. A microprocessor chip is located on any computer's motherboard that executes instructions and performs calculations.
CeFi or Centralized Finance refers to traditional financial institutions and platforms that operate within a centralized structure, regulated by governments or financial authorities.
A coin is a form of digital currency often native to a blockchain, which aims to store value and work as a medium of exchange. They can be mined through Proof-of-Work or earned through Proof-of-Stake.
The term consensus mechanism refers to any process employed to attain agreement, trustworthiness, and security in a distributed computer network. The most used consensus mechanisms are PoW and PoS.
A cryptocurrency is a digital value unit based on a decentralized blockchain infrastructure. It is transferable and usable without the need for intermediaries or central authorities.
Eclipse Attack is a type of cryptocurrency attack where an attacker gains control of a victim's blockchain node and isolates it from the rest of the network.
FOMO is an acronym that means Fear Of Missing Out,” which is a sentiment of anxiety that traders feel when they think they are missing out on a good trading opportunity or a profitable crypto investment.
FUD is a common term in the crypto jargon that indicates an anxious feeling created in the market following fake crypto news posted on social media or sites. It is a manipulation through disinformation.
Gwei, short for Giga-Wei, is often used to describe gas fees on Ethereum’s network. It’s also known as nanoether and corresponds to 10^9 or 1,000,000,000 wei.
GitHub is a platform for developers built on the Git version control system. It provides tools and features to work on projects together. It is widely used and has become an essential tool in the industry.
HODL is a misspelling of the word “hold.” It refers to purchasing and holding bitcoin and other cryptocurrencies for a long–term period. It gained popularity and became an investment strategy.
The halving is the most important event of Bitcoin’s blockchain and occurs around every four years (more precisely after every 210,000 blocks mined) when the supply of new bitcoins and the reward for mining them is cut in half.
ICO is one of blockchain startups' most popular fundraising methods. With it, the project team generates tokens to sell to its initial investors to receive funds to finance its development.
IDOs are born after ICO and IEO and are considered the new frontier of fundraising in the crypto world, as they can cover both shortcomings and be available on DEXs.
IEO is a fundraising model of digital assets to raise capital on a CEX. Thanks to the exchange's authority, the user is more protected against scams and fraud in comparison with an ICO.
An Initial Public Offering or IPO is the fundamental pillar in a company’s development. It is a process in which a company starts offering its shares to the public.
KYC is a common term in the blockchain industry and stands for Know Your Customer. It is a procedure used by businesses to verify the identity of their users to prevent money laundering and financial terrorism.
PoS is an alternative to PoW for processing transactions and creating new blocks. While PoW requires miners to solve cryptographic puzzles, PoS requires validators that lock their cryptocurrencies as collateral.
PoW is a consensus algorithm used to verify transactions and create new blocks. Its goal is to make it difficult and computationally expensive for malicious actors to modify transactions or add fraudulent blocks to the chain.
Stablecoins are cryptocurrencies whose value is pegged to another asset like the US dollar, euro, or gold. Their aim is to provide an alternative to the high volatility of others cryptocurrencies.
A crypto token is a digital asset that blockchain developers build on top of an existing blockchain network. It’s a unit of value that can be used for investment purposes, to store value, and make purchases.
Ethereum’s currency unit is called ether, identified as ETH, and is divided into units. The smallest unit possible is named wei. One ether is one quintillion wei, namely 1,000,000,000,000,000,000.
A whitepaper is a fundamental document for each blockchain project. It should provide relevant information about the project's concept, goals, and technical details that are useful for investors and users.
A zero-knowledge proof is a cryptographic method that allows one party to prove the authenticity of a statement without revealing any additional information.
