Tag: Glossary

Glossary of commonly found crypto terms, acronyms, profiles, and useful resources.

Buy the dip (BTD/BTFD)

An exhortation from proponents of a cryptocurrency to purchase it when prices are poor.For cryptocurrency bulls, “Buy The Dip” means that any dips in the price of your favorite coin can only mean one thing: it’s time to buy even more.In crypto, its more emphatic form “Buy the f*cking dip” is also used, to highlight the confidence in the recovery of prices in the future.

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Burned

When cryptocurrency tokens or coins are purposefully and indefinitely withdrawn from circulation, they are referred to as “burned.”Often blockchain networks use the mechanism of “burning” tokens to encourage network users to buy and invest in protocol-specific tokens. Burning tokens reduces the cumulative total token supply, potentially raising the value of the underlying commodity, which is typically used as a counter-inflationary tool.The development team behind a cryptocurrency asset is normally in charge of token burning. It can be achieved in a number of ways, the most common of which is to submit the coins...

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Bubble

A bubble happens when the price of an asset rises to absurdly high levels and then plummets, settling at a fraction of its initial value — usually a decline of 75% or more. A bubble is normally only detectable until it has exploded and the price has dropped. Both the rise and collapse of a speculative bubble arise within a relatively brief period of time.

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Bull / bullish

The word “bullish” refers to a person’s constructive or enthusiastic attitude toward a particular asset. Someone who is optimistic on bitcoin assumes that the value of the currency would rise. A bitcoin “bull” is a human who is bullish on the digital currency.

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Block

A block is the data archive of all transaction history made on a blockchain’s network within a given timeframe. Blocks are sequentially applied to a network’s data chain, forming the public database known as blockchain. A Bitcoin block, for example, includes information about the date, duration, and number of transfers, as well as signature information about the transfer’s origin and destination. Before a chain will begin transacting and generating new chains, blocks must be validated by the network by a consensus mechanism.

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Fiat-Backed Stablecoin

Fiat-backed stablecoins are digital currencies indexed 1: 1 to the value of an underlying fiat currency. They are designed to reduce the uncertainty that digital assets bring. Stablecoins not only function as a store of value and investment hedge but also facilitate participation in on-chain activities, such as decentralized finance.

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Fair Launch

The equal and open initial allocation of coins in a blockchain project is known as a fair launch. They are considered a good way to encourage decentralization and participation in the crypto community.

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Securities

A security is a fungible investment instrument that has a monetary value attached to it. Stocks, shares, and options are types of securities, which may be real or intangible assets. In certain jurisdictions, the definition and eventual enforcement of certain cryptocurrencies as securities is becoming a legislative element.

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Blockchain

A blockchain is a decentralized, peer-to-peer network of computers that maintains and verifies a public ledger of transactions using a consensus process to validate records. In a blockchain network, each computer keeps its own copy of the public database, making it virtually impossible for a single computer to change any previous transactions or for malicious actors to overload the network.

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Who is Bram Cohen?

Bram Cohen

A fundamental character for the crypto world for having developed the Peer to Peer system, one of the foundations of the current crypto world, since Bitcoin and almost all cryptocurrencies work with some version of the “Peer to Peer” protocol, or P2P.Who is Bram Cohen?Bram Cohen is an American programmer born in 1975, best known for being the famous author of the BitTorrent point-to-point (P2P) file exchange protocol, also for being the creator of the first program to use that protocol. In addition, he is the co-founder of CodeCon, organizer of “San Francisco Bay Area P2P-Hackers” and co-author of Codeville. His...

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