Trading School ยป Crypto glossary: Cryptocurrency Terms

Crypto glossary: Cryptocurrency Terms

Discover the world of cryptocurrency with this comprehensive glossary of terms related to blockchain, Bitcoin, altcoins, and more.

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 Z / NUMBERS

A

Altcoin – Any cryptocurrency that is not Bitcoin.

ASIC – Application-Specific Integrated Circuit. A type of hardware designed specifically for mining cryptocurrencies.

Atomic Swap – A peer-to-peer exchange of cryptocurrencies without the need for a centralized exchange.

ATH – All-Time High. The highest price a cryptocurrency has ever reached.

API – Application Programming Interface. A set of protocols that allows different software applications to communicate with each other.

Address – A string of characters that represents a unique identifier for a cryptocurrency wallet.

Airdrop – A distribution of free tokens or coins to cryptocurrency wallet addresses.

Algorithm – A set of rules or procedures used by a computer to perform a specific task, such as mining cryptocurrency.

Arbitrage – The practice of buying and selling cryptocurrency on different exchanges to take advantage of price differences.

Anonymous – The state of not being identified or linked to a specific individual or entity in a transaction.

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B

Blockchain – A decentralized digital ledger that records transactions across a network of computers.

Bitcoin – The first and most well-known cryptocurrency, created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.

BTC – An abbreviation for Bitcoin.

Bagholder – An investor who holds a cryptocurrency that has decreased in value, hoping that it will increase again in the future.

Bull Market – A market condition in which the prices of cryptocurrencies are rising, and investor confidence is high.

Bear Market – A market condition in which the prices of cryptocurrencies are falling, and investor confidence is low.

Block Reward – The amount of cryptocurrency that a miner receives for successfully adding a new block to the blockchain.

Byzantine Fault Tolerance – A measure of a blockchain’s ability to resist attacks from malicious nodes.

Binance – One of the largest cryptocurrency exchanges in the world, based in Malta.

Blockchain Explorer – A tool that allows users to explore and search the blockchain for transactions, blocks, and other information.

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C

Cryptocurrency – A digital or virtual currency that uses cryptography for security and operates independently of a central bank.

Coinbase – A popular cryptocurrency exchange that allows users to buy, sell, and store cryptocurrencies.

Cold Storage – A method of storing cryptocurrencies offline in a secure hardware wallet or other physical medium, as opposed to an online exchange or wallet.

Confirmation – The process by which a transaction is verified by the nodes on a blockchain network.

Consensus – A mechanism by which nodes on a blockchain network come to an agreement about the state of the blockchain.

Crypto Mining – The process of using computer hardware to validate transactions on a blockchain network and earn cryptocurrency rewards.

Crypto Wallet – A software program or hardware device that stores the private keys needed to access and manage cryptocurrencies.

Crypto Exchange – A platform that allows users to buy, sell, and trade cryptocurrencies with other users.

Centralized – A system in which a single entity or group controls the operation and management of a network or service.

Crowdsale – A fundraising method in which a company or project raises funds by selling cryptocurrency tokens to investors.

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D

Decentralization – The distribution of power and control away from a central authority or entity, such as a government or bank.

Distributed Ledger – A database that is spread across a network of computers and is maintained by multiple nodes, allowing for a decentralized and secure record of transactions.

Double Spending – The act of spending the same cryptocurrency more than once, which is prevented by the consensus mechanism of blockchain technology.

DAO – Decentralized Autonomous Organization. An organization that operates through rules encoded as computer programs on a blockchain, with decisions made by the members through consensus.

DApp – Decentralized Application. An application that runs on a blockchain network and uses its decentralized features to provide a secure and transparent service.

DAG – Directed Acyclic Graph. A type of data structure used by some blockchain networks, such as IOTA, to allow for high scalability and fast transactions.

Dark Web – A part of the internet that is not indexed by search engines and is often used for illicit activities, including the buying and selling of cryptocurrencies.

Deflationary – A monetary policy in which the supply of a cryptocurrency is limited or decreases over time, leading to an increase in its value.

Difficulty – A measure of how hard it is to mine a block on a blockchain network, which adjusts based on the amount of computing power in the network.

Digital Signature – A cryptographic technique used to verify the authenticity and integrity of a message, transaction, or other digital data.

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E

ERC-20 – A technical standard used for smart contracts on the Ethereum blockchain.

Ethereum – A decentralized, open-source blockchain that enables the creation of smart contracts and decentralized applications.

Exchange – A platform where cryptocurrencies can be bought, sold, or traded with other cryptocurrencies or fiat currency.

Escrow – A financial arrangement in which a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Explorer – A tool that allows users to view and analyze blockchain transactions, blocks, and other data.

EVM – Ethereum Virtual Machine. A runtime environment that executes smart contracts on the Ethereum blockchain.

Encryption – The process of encoding information in a way that only authorized parties can access it.

Exit Scam – A type of fraud in which the operators of a cryptocurrency project disappear with investors’ funds.

Electrum – A popular software wallet for storing and managing Bitcoin and other cryptocurrencies.

EOS – A blockchain platform designed for the development and execution of decentralized applications.

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F

FOMO – Fear Of Missing Out. A phenomenon in which investors buy or hold cryptocurrencies out of a fear of missing out on potential gains.

Fiat Currency – A government-issued currency that is not backed by a physical commodity, such as gold or silver.

Fork – A software upgrade that creates a new, separate blockchain network that is incompatible with the old network.

Full Node – A node on a blockchain network that maintains a complete copy of the blockchain and participates in transaction verification.

FUD – Fear, Uncertainty, and Doubt. A tactic used to spread negative or false information about a cryptocurrency or project.

Futures – Financial contracts that allow investors to buy or sell an asset at a predetermined price at a future date.

Fee – The amount charged for a transaction on a blockchain network, typically paid in cryptocurrency.

Flash Crash – A sudden and significant drop in the price of a cryptocurrency.

Faucet – A website or app that gives away small amounts of cryptocurrency as a reward for completing tasks or viewing ads.

Filecoin – A decentralized storage network designed to allow users to store, share, and retrieve data in a secure and efficient manner.

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G

GPU – Graphics Processing Unit. A type of processor used for rendering graphics in video games, but also used for mining cryptocurrencies.

Genesis Block – The first block in a blockchain network, which is typically hard-coded into the software.

Gas – The unit of account for transactions and smart contracts on the Ethereum network.

Governance – The system of rules, policies, and processes by which a blockchain network is managed and maintained.

Green Address – A type of digital wallet that uses two-factor authentication and other security measures to protect users’ funds.

Gwei – A denomination of ether used on the Ethereum network.

Gyft – A mobile app that allows users to buy, send, and manage gift cards using cryptocurrency.

Grayscale – A digital asset management firm that offers investment products for Bitcoin and other cryptocurrencies.

Gnosis – A decentralized prediction market platform built on the Ethereum blockchain.

Gas Limit – The maximum amount of gas that can be used in a transaction or smart contract on the Ethereum network.

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H

Halving – A reduction in the block reward for mining a cryptocurrency, which typically occurs at predetermined intervals.

Hash – A function that converts an input of any size into a fixed-size output, used for verifying transactions on a blockchain network.

HODL – A term used to describe holding onto a cryptocurrency rather than selling it, often associated with a long-term investment strategy.

Hard Fork – A type of fork that creates a new blockchain network that is incompatible with the old network.

Hot Wallet – A digital wallet that is connected to the internet, making it easier to access and use, but also more vulnerable to hacking.

Hash Rate – The speed at which a miner can solve a mathematical problem on a blockchain network.

Hyperledger – A blockchain platform designed for enterprise use, with a focus on security, privacy, and scalability.

Hybrid Blockchain – A type of blockchain that combines elements of both public and private blockchains.

HydraChain – A blockchain platform built on the Ethereum network that allows for the creation of private, permissioned blockchains.

Huobi – One of the largest cryptocurrency exchanges, based in China.

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I

ICO – Initial Coin Offering. A type of crowdfunding campaign in which a new cryptocurrency is sold to investors in exchange for other cryptocurrencies or fiat currency.

Immutable – A property of blockchain technology in which once a transaction is recorded on the blockchain, it cannot be changed.

Interoperability – The ability of different blockchain networks to communicate with each other and exchange information.

Inflation – An increase in the supply of a cryptocurrency, which can lead to a decrease in its value.

Investment Fund – A type of financial product that allows investors to pool their money together and invest in a portfolio of cryptocurrencies.

Instant Exchange – A service that allows users to quickly and easily exchange one cryptocurrency for another without having to go through a traditional exchange.

IPFS – InterPlanetary File System. A protocol and network designed for storing and sharing files in a decentralized manner.

IOTA – A cryptocurrency and blockchain platform designed for the internet of things (IoT) ecosystem.

Immutable Ledger – A type of blockchain in which once a transaction is recorded, it cannot be altered or deleted.

Initial Mining Reward – The amount of cryptocurrency that is given to miners for each block that they add to the blockchain network.

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J

Jaxx – A multi-cryptocurrency wallet that supports over 80 different cryptocurrencies.

JPM Coin – A digital currency developed by JP Morgan Chase for use in its internal payment systems.

JOMO – Joy Of Missing Out. A term used to describe the feeling of contentment when not participating in speculative investments, such as cryptocurrencies.

JPMorgan – One of the largest financial institutions in the world, with a growing interest in cryptocurrency and blockchain technology.

Juggernaut – A decentralized, censorship-resistant messaging platform built on the Ethereum blockchain.

J-Coin – A digital currency being developed by a consortium of Japanese banks.

Jinn – A cryptocurrency project that aims to develop a decentralized cloud computing platform.

Jura – A decentralized platform for creating and executing smart contracts.

Jetcoin – A cryptocurrency project that aims to create a platform for rewarding sports fans and athletes.

JoyToken – A cryptocurrency project that aims to create a platform for online gambling and gaming.

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K

KYC – Know Your Customer. The process of verifying the identity of customers to comply with anti-money laundering regulations.

Keylogger – A type of malware that records keystrokes on a computer, allowing hackers to steal passwords and other sensitive information.

KMD – Komodo. A blockchain platform that allows for the creation of customized, independent blockchains.

Kraken – A cryptocurrency exchange that offers trading in multiple cryptocurrencies and fiat currency.

Krypton – A cryptocurrency project that aims to create a more secure and transparent online voting system using blockchain technology.

KuCoin – A cryptocurrency exchange that offers trading in multiple cryptocurrencies and fiat currency.

Kusama – A blockchain platform that allows for the creation of new blockchain projects and experimentation with new features and technologies.

KYT – Know Your Transaction. The process of verifying the legitimacy of a cryptocurrency transaction to comply with anti-money laundering regulations.

Keep Network – A project that aims to create a decentralized storage network for private data using blockchain technology.

Kadena – A blockchain platform that uses a hybrid consensus mechanism to provide high performance and scalability.

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L

Ledger – A hardware wallet used for storing cryptocurrencies offline, providing an extra layer of security.

Lightning Network – A second-layer solution built on top of a blockchain that allows for faster and cheaper transactions.

Liquidity – The ability to buy or sell a cryptocurrency without significantly impacting its price.

Litecoin – A cryptocurrency that was created as a faster and more lightweight alternative to Bitcoin.

Long Position – A type of investment strategy in which an investor buys a cryptocurrency with the expectation that its value will increase over time.

Layer 2 – A second layer solution built on top of a blockchain network to improve its performance, scalability, and functionality.

Libra – A cryptocurrency project developed by Facebook, aiming to create a global payment system.

Locktime – A feature of Bitcoin transactions that allows the sender to delay the release of funds until a specified time in the future.

Lisk – A blockchain platform that allows for the creation of decentralized applications using JavaScript.

Liquid – A cryptocurrency exchange and trading platform that offers trading in multiple cryptocurrencies and fiat currency.

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M

Mining – The process of adding new transactions to a blockchain network and creating new units of a cryptocurrency as a reward for solving complex mathematical problems.

Market Capitalization – The total value of a cryptocurrency, calculated by multiplying its price by the number of units in circulation.

Masternode – A type of full node in a blockchain network that performs additional functions and helps to maintain the network.

Metamask – A browser extension that allows users to interact with blockchain networks and decentralized applications.

Merkle Tree – A data structure used in blockchain technology to verify the integrity of a transaction.

Moon – A term used to describe a significant increase in the value of a cryptocurrency.

Mimblewimble – A privacy-focused protocol used in some cryptocurrencies to obscure transaction details.

MakerDAO – A decentralized platform that allows users to borrow and lend cryptocurrencies using smart contracts.

MyEtherWallet – A free, open-source, client-side interface used for interacting with the Ethereum blockchain.

Multi-Signature – A security feature that requires multiple signatures to authorize a transaction, reducing the risk of fraud.

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N

Node – A computer or device connected to a blockchain network that helps to validate transactions and maintain the network.

NEO – A blockchain platform designed for building decentralized applications and smart contracts.

Non-Fungible Token (NFT) – A type of cryptocurrency token that represents a unique asset, such as a piece of art or a collectible.

Nakamoto Consensus – The consensus mechanism used in the Bitcoin blockchain, in which a majority of miners must agree on the validity of a transaction.

Namecoin – A cryptocurrency that allows for the registration of domain names on a blockchain.

Nexus – A blockchain platform that aims to provide a more secure and decentralized internet.

NEM – A blockchain platform designed for building decentralized applications and smart contracts.

NuBits – A stablecoin cryptocurrency that is designed to maintain a stable value relative to a fiat currency.

Nomics – A cryptocurrency data provider that offers real-time and historical market data, as well as other tools for analyzing and tracking cryptocurrencies.

Nexo – A cryptocurrency lending platform that allows users to borrow and lend cryptocurrencies.

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O

Oracle – A third-party service that provides external data to a smart contract on a blockchain.

OTC – Over-the-counter trading, a type of trading in which buyers and sellers trade directly with each other without using a centralized exchange.

Omni – A platform built on top of the Bitcoin blockchain that allows for the creation of new tokens and assets.

Orphan Block – A block that is rejected by the network because it does not meet the consensus rules.

Ontology – A blockchain platform designed for building decentralized identity and data exchange solutions.

Open Source – Software that is developed and distributed freely, allowing users to view, modify, and distribute the source code.

Order Book – A list of buy and sell orders for a particular cryptocurrency on an exchange.

OriginTrail – A blockchain-based supply chain solution that aims to increase transparency and efficiency in supply chain management.

OmiseGO – A blockchain platform designed for building decentralized payment systems and financial applications.

Orchid – A decentralized VPN (virtual private network) that allows users to browse the internet securely and anonymously.

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P

Private Key – A secret code that is used to access and manage a cryptocurrency wallet.

Proof-of-Work (PoW) – A consensus mechanism used in many blockchain networks that requires miners to solve complex mathematical problems to validate transactions.

Proof-of-Stake (PoS) – A consensus mechanism used in some blockchain networks that requires validators to hold a certain amount of cryptocurrency as collateral to validate transactions.

Peer-to-Peer (P2P) – A network in which participants can interact directly with each other without the need for a central authority.

Pundi X – A blockchain-based point-of-sale system that allows merchants to accept cryptocurrencies as payment.

Plasma – A second-layer scaling solution built on top of the Ethereum blockchain to increase its transaction throughput.

Polkadot – A blockchain platform that allows for the interoperability of multiple blockchain networks.

Public Key – A code used to receive cryptocurrency payments, derived from a private key.

Paxos Standard – A stablecoin cryptocurrency that is pegged to the US dollar.

PancakeSwap – A decentralized exchange built on top of the Binance Smart Chain.

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Q

QR Code – A two-dimensional barcode that can be scanned to transfer cryptocurrency payments.

Quorum – A blockchain platform designed for building private, permissioned blockchain networks.

Qtum – A blockchain platform that combines elements of the Bitcoin and Ethereum blockchains.

QuickSwap – A decentralized exchange built on top of the Polygon (formerly Matic) blockchain.

Quantum Computing – A new type of computing technology that has the potential to break the cryptographic security of many blockchain networks.

QuarkChain – A blockchain platform designed for high-performance and scalable decentralized applications.

QASH – A cryptocurrency that is used as a payment token on the Quoine Liquid exchange.

Qubes OS – A privacy-focused operating system that can be used to securely store cryptocurrency wallets.

QLC Chain – A blockchain platform designed for building decentralized communication networks.

QuiverX – A blockchain platform designed for building decentralized finance (DeFi) solutions.

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R

Ripple – A blockchain platform designed for fast and cheap cross-border payments.

Raiden Network – A second-layer scaling solution built on top of the Ethereum blockchain to increase its transaction throughput.

Roadmap – A plan outlining the future development

RSK – A sidechain of the Bitcoin blockchain that allows for the execution of smart contracts.

Reward – In cryptocurrency mining, the compensation given to miners for solving blocks and validating transactions.

Reddcoin – A blockchain platform designed for social media tipping and micropayments.

Ren – A blockchain platform designed for interoperability between different blockchain networks.

Rootstock – A smart contract platform that is compatible with the Bitcoin blockchain.

Rarible – A decentralized marketplace for buying and selling non-fungible tokens (NFTs).

Reserve Rights – A stablecoin cryptocurrency that is pegged to a basket of other cryptocurrencies and assets.

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S

Satoshi – The smallest unit of a bitcoin, named after the pseudonymous creator of bitcoin, Satoshi Nakamoto.

Smart Contract – A self-executing contract that automatically enforces the terms of an agreement on a blockchain.

Solidity – A programming language used to write smart contracts on the Ethereum blockchain.

Sharding – A scaling solution that splits the blockchain network into smaller parts to increase its transaction throughput.

Staking – The process of holding cryptocurrency as collateral to validate transactions on a proof-of-stake blockchain network.

Satoshi Nakamoto – The pseudonymous creator(s) of the bitcoin cryptocurrency and author(s) of the original bitcoin white paper.

Sybil Attack – An attack on a blockchain network in which an attacker creates multiple fake identities to control a large portion of the network.

Stablecoin – A cryptocurrency that is pegged to the value of a fiat currency or commodity to reduce price volatility.

SushiSwap – A decentralized exchange built on top of the Ethereum blockchain.

Solana – A high-performance blockchain platform designed for building decentralized applications.

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T

Token – A unit of value created and managed on a blockchain network.

Tether – A stablecoin cryptocurrency that is pegged to the US dollar.

Trust Wallet – A mobile wallet for storing and managing cryptocurrencies.

Transaction – The transfer of cryptocurrency from one wallet to another on a blockchain network.

Tangle – A data structure used in the IOTA blockchain network for fast and feeless transactions.

Tezos – A blockchain platform that allows for the on-chain governance of the network.

Trading Volume – The total amount of cryptocurrency traded on an exchange over a certain period of time.

TrueUSD – A stablecoin cryptocurrency that is pegged to the US dollar.

Theta Network – A blockchain platform designed for decentralized video streaming and content delivery.

Tron – A blockchain platform designed for building decentralized entertainment applications.

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U

Unspent Transaction Output (UTXO) – An unspent output of a transaction on a blockchain network.

Uniswap – A decentralized exchange built on top of the Ethereum blockchain.

USD Coin (USDC) – A stablecoin cryptocurrency that is pegged to the US dollar.

User Interface (UI) – The graphical interface used to interact with a cryptocurrency wallet or exchange.

Ubiq – A blockchain platform designed for building decentralized applications.

UTXO Set – The set of all unspent transaction outputs on a blockchain network.

Unstoppable Domains – A blockchain-based domain name system that allows users to create censorship-resistant websites.

Upbit – A cryptocurrency exchange based in South Korea.

Ultra – A blockchain platform designed for building decentralized gaming and entertainment applications.

UMA – A blockchain platform designed for building synthetic assets and decentralized financial contracts.

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V

VeChain – A blockchain platform designed for supply chain management and tracking.

Vitalik Buterin – The co-founder of the Ethereum blockchain and a prominent figure in the cryptocurrency space.

Volatility – The degree of price fluctuations in a cryptocurrency over a certain period of time.

Virtual Currency – A type of digital currency that is not backed by any physical commodity or government.

Vault – A secure storage facility for cryptocurrency, often used by exchanges or custodial services.

Voyager – A cryptocurrency trading platform that allows users to buy and sell various cryptocurrencies.

Vanity Address – A custom cryptocurrency address that contains a recognizable word or phrase.

Viper – A programming language used to write smart contracts on the Ethereum blockchain.

Verge – A privacy-focused cryptocurrency that aims to offer secure and anonymous transactions.

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W

Wallet – A digital tool used to store, send, and receive cryptocurrency.

Wrapped Bitcoin (WBTC) – A tokenized version of bitcoin that is compatible with the Ethereum blockchain.

Web3 – A term used to describe the next generation of the internet, which is built on blockchain technology.

Waves – A blockchain platform designed for creating and trading custom digital assets.

Whitepaper – A document that outlines the technical specifications and features of a cryptocurrency or blockchain project.

Wyre – A cryptocurrency payment gateway and infrastructure provider.

Whale – A term used to describe an individual or organization that holds a large amount of cryptocurrency.

Wrapped Ether (WETH) – A tokenized version of ether that is compatible with the Ethereum blockchain.

WazirX – A cryptocurrency exchange based in India.

Wrapped NEXO (WNEXO) – A tokenized version of NEXO, the native token of the NEXO cryptocurrency lending platform.

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X

XRP – A cryptocurrency created by Ripple that is used for cross-border payments and remittances.

XLM – A cryptocurrency created by the Stellar blockchain that is used for cross-border payments and remittances.

XMR – A privacy-focused cryptocurrency that uses advanced cryptography to hide transaction details.

XYO Network – A blockchain platform designed for location-based services and data verification.

XDC Network – A blockchain platform designed for enterprise use cases and decentralized applications.

XBT – A symbol used to represent bitcoin on some cryptocurrency exchanges.

Xend Finance – A decentralized finance platform that offers high-yield savings accounts and other financial services.

Xar Network – A blockchain platform designed for building decentralized finance applications.

XVG – An open-source privacy-focused cryptocurrency that aims to offer fast and secure transactions.

XinFin – A blockchain platform designed for global trade and finance.

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Y

Yield Farming – A process in decentralized finance where users can earn rewards for providing liquidity to a liquidity pool.

YFI – The native token of the Yearn.finance decentralized finance platform.

Yield Protocol – A decentralized finance platform that offers fixed-rate lending and borrowing services.

Yearn.finance – A decentralized finance platform that offers a suite of yield-generating products and services.

YAM Finance – A decentralized finance platform that offers yield farming and liquidity provision services.

YOP – A decentralized finance platform that offers yield optimization and aggregation services.

Yieldly – A decentralized finance platform that offers yield farming and staking services.

YUSRA Global – A blockchain platform designed for the halal economy and Islamic finance.

Yggdrasil – A decentralized finance platform that offers liquidity aggregation and yield farming services.

Yield.app – A decentralized finance platform that offers yield farming and staking services.

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Z

Zcash – A privacy-focused cryptocurrency that uses advanced cryptography to hide transaction details.

Zero-knowledge Proof – A method of proving the validity of a statement without revealing any additional information.

ZenGo – A mobile cryptocurrency wallet that uses biometric authentication and multi-party computation for security.

Zilliqa – A high-throughput blockchain platform that uses sharding to achieve scalability.

Zcoin – A privacy-focused cryptocurrency that uses zero-knowledge proofs and other advanced cryptography.

Zerion – A decentralized finance portfolio management platform.

Zipmex – A cryptocurrency exchange that offers trading in a variety of cryptocurrencies.

ZKSwap – A decentralized exchange that uses zero-knowledge proofs for privacy and scalability.

Zabo – A cryptocurrency API platform that allows developers to build applications that interact with multiple blockchains.

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Numbers

0-confirmation Transaction – A type of transaction in which a merchant accepts a payment before it has been confirmed by the blockchain network.

1 Confirmation – The state in which a transaction has been included in the blockchain and is considered final.

2-of-3 Multisig – A type of multi-signature wallet in which at least two out of three private keys are required to authorize a transaction.

21 Million Club – A group of Bitcoin holders who own at least 1 BTC, which is the maximum supply of Bitcoin that will ever exist.

21e8 – A mysterious message that was included in the block hash of the 4,000,000th Bitcoin block, which has led to various speculations and theories.

33% Attack – An attack on a Proof-of-Stake blockchain network where a single entity gains control of one-third of the network’s total stake.

42Coin – A cryptocurrency that was designed to have a total supply of only 42 coins, making it one of the rarest and most expensive cryptocurrencies in the world.

4Chan – An anonymous online message board that has been known to influence cryptocurrency markets through memes and other viral content.

51% Attack – An attack on a blockchain network where a single entity gains control of the majority of the computing power and can manipulate transactions.

51Crypto – A cryptocurrency news and analysis website that covers the latest trends and developments in the crypto industry.

5G – The fifth generation of mobile network technology, which is expected to improve the speed and reliability of blockchain and cryptocurrency transactions.

6 Confirmations – The number of times a transaction needs to be confirmed by the blockchain network before it is considered secure and irreversible.

8 Decimal Places – The smallest unit of a cryptocurrency, which can be divided into eight decimal places.

10,000 BTC Pizza – The first real-world transaction in which Bitcoin was used to purchase a tangible item, a pizza, for 10,000 BTC.

10x – A term used to describe a cryptocurrency or investment that has gained 10 times its original value.

24 Hour Volume – The total amount of cryptocurrency traded on an exchange over a 24-hour period.

2FA (Two-Factor Authentication) – A security feature that requires two forms of authentication, such as a password and a code sent to a mobile device, to access an account.

3Commas – A cryptocurrency trading platform that offers trading bots and other automated trading tools.

3Commas Trading Bots – Automated trading bots that can be used on various cryptocurrency exchanges to buy and sell cryptocurrencies based on preset conditions.

3rd Generation Blockchain – A type of blockchain technology that aims to improve scalability and interoperability compared to earlier versions.

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