User contributions
26 April 2022
Hot Wallet
Created page with "Any cryptocurrency wallet that is connected to the internet and therefore at a higher risk of being hacked; they're not recommended for long-term storage, but rather as a way of sending/receiving funds where necessary. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
HODL
Created page with "An intentional typo for the word "hold" originally posted by an anonymous user on the Bitcointalk forum, which the crypto community later turned into slang for holding a cryptocurrency long term despite market volatility. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Hedging
Created page with "The use of two different strategies in order to reduce the risk involved with one strategy. For example, you could hedge by taking a long position and shorting it simultaneously; this would result in your exposure being less than if you just went long or short on that particular asset/trade alone. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Hash Function
Created page with "A specific algorithm that maps data of any size to a fixed size output, also referred as a cryptographic function since they are often used for encryption and other security purposes where it cannot be reversed through computation alone; hashing takes an inputted string/file/document and outputs the same thing every single time so long as its original content has not been altered even if just by one letter or space character. This process is irreversible, making working..."
Hardware Wallet
Created page with "Also known as cold storage/wallet, it's essentially a USB stick that can be used for offline transactions and keeping your private keys safe. It's considered more secure than most other forms of wallets since they're harder to access if you lose them. There are different types including paper and digital ones but each has its own pros and cons. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Cat..."
Halving
Created page with "The process by which Bitcoin mining rewards are reduced by 50% every four years; this is done to create scarcity and control the total supply (since no more than 21 million Bitcoins can ever be mined). == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Genesis Block
Created page with "The first block in the Blockchain, usually hardcoded into the coin's system which is used to bootstrap its network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Gas fees
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Futures
Created page with "A contract to buy or sell an asset at a later date with the price agreed upon today. Investors use these as both a hedge against risk and a tool for profit. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
FUD
Created page with "Fear, Uncertainty and Doubt; the acronym that was coined for cryptosphere discussions. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Fork
Created page with "A software update that is not backwards compatible with previous versions of the same cryptocurrency protocol, creating an entirely new branch from block 0. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
FOMO
Created page with "Fear Of Missing Out; the acronym that was coined to describe a phenomenon when investors buy or sell an asset based on others' actions, causing them to miss out on more profitable opportunities. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Fiat Gateways
Created page with "A cryptocurrency exchange that allows users to deposit fiat currencies such as the dollar or euro into their account for trading purposes. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Fiat Currency
Created page with "A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). For example, the Great British Pound (GBP) and United States Dollar (USD) are both fiat currencies. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Exchange
Created page with "Platforms that allow users to buy, sell, or trade cryptocurrencies for other digital currency or traditional currencies like US dollars or euros. Cryptocurrency exchanges are a vital part of the crypto ecosystem, providing users with access to crypto funds. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Etherscan
Created page with "A web tool that lets you explore transactions, wallets, and other aspects of Ethereum's blockchain. It also provides various charts to visualize said data as well as a list for those who want to track specific activity on the network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
DYOR
Created page with "Do Your Own Research; this means that all crypto investors should do their own research on a project before investing in it. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Dumping
Created page with "The process of offloading large quantities of coins onto exchanges all at once which drives down prices because there is more supply than demand for that particular cryptocurrency. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Double-Spend
Created page with "When someone tries to send a transaction, but ends up sending it twice since they did not wait for the first one to be confirmed on-chain; this is often done by those with malicious intent and can lead to losing all of your funds if you fall victim. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Distributed Ledger
Created page with "A type of database that is spread out across several nodes in different locations and countries so that it can remain decentralised as well as transparent to those involved with keeping records on it; every single node will hold a complete copy which is updated regularly through consensus algorithms when new transactions take place. This also allows for faster processing speeds since multiple copies are already available rather than one central authority who has to distr..."
Decentralised Finance (DeFi)
Created page with "Pushes the development of alternative decentralised blockchain-based financial applications to enable peer-to-peer transactions without third parties. DeFi apps include lending platforms, exchanges, prediction markets and many more solutions built on top of various protocols like Ethereum or Bitcoin. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Decentralised Autonomous Organisation (DAO)
Created page with "A company or business that is run by smart contracts and governed by its token-holding community. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Decentralised Applications (DApps)
Created page with "DApps are essentially software programs built and hosted on blockchain technology, providing users with various functions through peer-to-peer action rather than depending on traditional intermediaries such as governments or banks. Decentralised apps are frequently used to execute decentralised finance operations. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Decentralised
Created page with "When something does not have any central control but rather operates independently through peer-to-peer networks and consensus algorithms instead, transactions cannot be reversed once confirmed on blockchains that do not have any central authority or place of residence since they are decentralised. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Crypto-Native Assets
Created page with "Digital tokens on a blockchain platform that derive their value from the decentralised consensus formed among all/majority of users, rather than coming from an external source like fiat money or company stock. Examples include Ether, Binance Coin (BNB), and Basic Attention Token (BAT). == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Cryptography
Created page with "The use of cryptographic protocols or mathematical techniques to encrypt messages sent between parties which are then decrypted using a key for security purposes. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Cryptoeconomics
Created page with "The combination of cryptography, information theory, computer science, and game theory creates secure economic systems that incentivise proof-of-work consensus models through mechanisms such as decentralised control, immutability, and trustless transactions. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Crypto Derivatives
Created page with "A financial instrument that derives its value from an underlying asset. They are usually contracts traded between two parties based on the price of a certain item, rate or index at some future date. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Cryptocurrency
Created page with "A form of digital asset that uses cryptography as its main security measure to control the creation of additional units and verify transactions on its decentralised network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Crowdsale
Created page with "The process of selling crypto coins or tokens through crowdfunding, usually done before a new blockchain-based project launches its token/coin on the market so investors can take part in early bonuses and incentives. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Transactions Confirmation
Created page with "This is how many transactions have been processed/validated and added to its ledger so far since it began existing, either through mining or other means, including private ones off-chain. Confirmed transactions cannot be reversed without cooperation from others involved with keeping records on the network's shared ledger (see consensus). Cryptocurrencies need at least six confirmations before they can be considered finalised but more often than not, only take one dependi..."
Chaffing
Created page with "The practice of purposely sending false signals between nodes on a network using fake IP addresses so that they only see information that has already been seen by another node or set of nodes before, thus making consensus impossible for any new data being added onto the chain; this works against 51% attacks where attackers try to introduce invalid blocks into the chain since other miners will not recognise these blocks because they cannot make sense out of what they are..."
Coinless Protocol
Created page with "A decentralised network where all incentive mechanisms are built into the protocol itself and not as an additional layer on top of it (like Ethereum). The purpose is to create fully autonomous systems with no need for central management. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Centralised
Created page with "A system of power where a central authority has control over the execution of operations. Often associated with a dictatorial style of rule and a single point of attack. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Casper
Created page with "Ethereum's proof-of-stake protocol upgrade, designed to replace the proof-of-work as mentioned earlier and improve the scalability of the network while also enhancing security by making it less costly for an attacker to attack the network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Bull market
Created page with "A market in which prices are rising, and investors expect even better returns. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Bullish
Created page with "When investors are bullish, they expect a price to go up in the future and would be comfortable buying coins/tokens at these levels because they believe it will increase even more. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Bollinger bands
Created page with "A technical indicator used by traders to measure market volatility consisting of three lines plotted at standard deviation levels above and below a centre line. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Block size limit
Created page with "The maximum amount of data that can be included in a block, measured in bytes. Bitcoin's is hard-coded at one megabyte while Ethereum's was recently increased to around 20% of that number (to roughly 12.66MB), with plans for it to increase further over the coming years. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Block reward
Created page with "A type of monetary incentive provided by cryptocurrencies whenever an individual mines a block successfully. Coins/Tokens are not created out of thin air. Still, rather they must have gone through mining first before being awarded as such since it requires computational resources and electricity costs to mine them effectively. This is how miners make their profits, doing the work necessary in ensuring proper security measures are put in place so that these tokens cannot..."
Block height
Created page with "When discussing blockchain networks such as BitcoinBTC), this term refers to how many blocks make up their total height/length starting from block #0, also called its genesis block, which was mined during the first round of updates to this network. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Bitcoin maximalist
Created page with "A person who defends bitcoin against all other crypto assets. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Algorithmic Stablecoin
Created page with "An algorithmic stablecoin actually uses an algorithm underneath, which can issue more coins when its price increases and buy them off the market when the price falls. == Sources: == https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin Category:Glossary"
Bear market
Created page with "A market in which prices fall and negative sentiment is rife; this could lead to a drop-off in demand while buyers wait for lower prices. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Bearish
Created page with "When investors or traders see a bearish trend, they expect a price to decrease and would recommend selling coins/tokens. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Crypto & NFT Terminology
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Bag holder
Created page with "A derogatory term to describe investors who are still holding certain assets that have dropped significantly in value since their purchase price. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
ATH
Created page with "All-Time High, the highest value reached by an asset at any point in its history. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
AML
Created page with "Anti-Money Laundering, a legal framework used by governments worldwide to stop financial crimes like money laundering, terrorist financing, fraud, and more. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary"
Airnode
Created page with "Airnode is an oracle node and API blockchain gateway that is readily deployed by API providers who want to engage in the API3 blockchain protocol and put their data feeds on-chain. == Sources: == https://coinmarketcap.com/alexandria/glossary/airnode Category:Glossary"