Ethereum Virtual Machine A Turing-complete virtual machine that enables execution of code exactly as intended; it is the runtime environment for every smart contract. Every Ethereum node runs on the EVM to maintain consensus across the blockchain. Emission Emission, also known as Emission Curve, Emission Rate and Emission Schedule, is the speed at which new coins are created and released. cryptocurrency lingo Dumping The action of collective market sell-offs, creating downward price movement. Dolphin A person who owns a moderate quantity of cryptocurrency. This person does not qualify to be a whale, but has evolved from being a fish/minnow. Distributed Network A type of network where processing power and data are spread over the nodes without a centralized data center or authority.
Nocoiner
Staking Participation in a proof-of-stake system to put your tokens in to serve as a validator to the blockchain and receive rewards. Stablecoin A cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency.
The Founder Of Bitmex Says Bitcoin Could Hit 50k In 2018
Burned Cryptocurrency tokens or coins are considered “burned” when they have been purposely and permanently removed from circulation. Bull A person that is optimistic and confident that market prices will increase, this person is also known to be “bullish” about the market or price. Bubble A bubble describes a situation where market participants drive prices up above their value, which is usually followed by a steep, rapid drop in prices as the market corrects.
Should You Invest In Bitcoin And Cryptocurrencies? Experts Share Best Practices In A Volatile (yet Maturing) Market
It’s concerned also by retail consumers’ inadequate understanding of cryptoassets and the lack of a clear investment need for investment products referencing them. Referencing certain types of cryptoassets in its proposal last week, the FCA said it is looking to address harm to retail consumers from their sale. The UK’s Financial Conduct Authority has proposed banning the sale of derivatives and exchange traded notes . The satoshi represents one hundred millionth of a bitcoin, the smallest unit of a bitcoin.
In 2014, Mt. Gox was shut down after about 850,000 bitcoin was declared lost or stolen. Mt. Gox was created in 2006 by Jed McCaleb who named it after Magic The Gathering Online Exchange where users could use the cards like stocks. A mining rig could be a dedicated piece of hardware for mining, or a computer with spare capacity that can be used for other tasks, only mining part time. Microtransaction A business model where very small payments can be made in cryptocurrency lingo exchange for common digital goods and services, such as pages of an ebook or items in a game. Margin Call When an investor’s account value falls below the margin maintenance amount. The broker will then demand that the investor deposit additional money or securities to meet the minimum required maintenance amount to continue trading. Leverage A loan offered by a broker on an exchange during margin trading to increase the availability of funds in trades.
What Is The Total Market Cap?
“Sats” is short for “satoshis,” a term derived from the first name of , Satoshi Nakamoto. It refers to the smallest fraction of a bitcoin that can be sent, which is 0. Instead of looking at bitcoin in terms of a dollar value, “real traders look at sats, or satoshis,” says Saddington. FUD means “fear, uncertainty and doubt.” Bitcoin followers advise to HODL your coins despite cryptocurrency lingo the FUD of those outside the community. In early bitcoin forums, someone posted a message that spelled the word “hold” wrong, and readers interpreted it as an acronym “hold on for dear life,” Saddington explains. “Now, it’s become a meme of sorts, so that when the prices are highly volatile, bitcoin buyers say ‘HODL!'” Saddington describes himself as “a long-term HODLER.”
Ledger A record of financial transactions that cannot be changed, only appended with new transactions. Inflation A general increase in prices and fall in the purchasing value of money. Infinite Approval Pre-approving smart contracts to enable the platform to spend any amount of your coins. Hidden Cap Hidden cap is an unknown limit to the amount of money a team elects to receive from investors in its initial coin offering .
Portfolio A collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. Permissionless Often used to describe blockchains, a system is said to be permissionless when there is no entity that can regulate who can use it and how it can be used. Option A contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. There are American and European options, the former of which may be exercised at any time before expiration, and the latter exercised only at the expiration date. One Cancels The Other Order A situation where two orders for cryptocurrency are placed simultaneously, with a rule in place to enforce that if one is accepted, the other is cancelled. Non-Fungible Token Non-fungible tokens are cryptocurrencies that do not possess the property of fungibility.
Stale Block
Halving An event in which the total rewarded bitcoin per confirmed block halves, happening every 210,000 blocks mined. Gwei The denomination used in defining the cost of gas in transactions involving Ether. Full Node Nodes that download a blockchain’s entire history in order to observe and enforce its rules. Fork Forks, or chain splits, create an alternate version of the blockchain, leaving two blockchains to run simultaneously. An example is Ethereum and Ethereum Classic, which was forked after the DAO hack. Exchange Traded Fund A security that tracks a basket of assets such as stocks, bonds, and cryptocurrencies but can be traded like a single stock.
Examples include Plasma, TrueBit, Lightning Network and more. Scrypt An alternative proof-of-work algorithm to SHA-256, used in Bitcoin mining. Scrypt mining relies more heavily on memory than on pure CPU power, aiming to reduce the advantage that ASICs have and hence increasing network participation and energy efficiency. SIM-Swap SIM-swaps cryptocurrency lingo — sometimes referred to as port-out scams — have come into the spotlight as a major concern for cryptocurrency holders in recent years. Raiden Network An off-chain scaling solution aiming to enable near-instant, low-fee and scalable payments on the Ethereum blockchain. It is similar to Bitcoin’s proposed Lightning Network.
This third party is the financial intermediary between a buyer and a seller. When a currency becomes unspendable due to legislation, technical malfunction or the like; it is said to be burned. With block height 0, a block chain contains only 1 block. Similarly with height 1, the cryptocurrency lingo chain contains 2 blocks. Easy game … test the BAVE Browser and join the secure and de-centralized infrastructure. A blazing fast browser that supports your favorite creators. But you also get a blazing fast browser that protects your privacy by blocking trackers and malware.
Smart Contract A smart contract is a computer protocol intended to facilitate, verify, or enforce a contract on the blockchain without third parties. Short A trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit.
Chargeback A demand made by a credit-card provider for a retailer to make good on the loss on a fraudulent or disputed transaction, reversing said payment or money transfer after it was authorized. Candlesticks A candlestick chart is a graphing technique used to show changes in price over time. Each candle provides 4 points of information opening price, closing price, high, and low.
DeFi DeFi is the creation of an ecosystem of financial tools built on blockchain. Cryptographic Hash Function Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 algorithm is an example of a cryptographic hash function. Crypto-jacking The use of another party’s computer to mine cryptocurrency without their consent.
- One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.
- Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to virtual-currency companies.
- An initial coin offering is a controversial means of raising funds for a new cryptocurrency venture.
- While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen.
- An ICO may be used by startups with the intention of avoiding regulation.
- He cautioned that virtual currencies pose a new challenge to central banks’ control over the important functions of monetary and exchange rate policy.
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Public Blockchain A blockchain that can be accessed by anyone. Proof-of-Replication Proof-of-replication is the way that a storage miner proves to the network cryptocurrency lingo that they are storing an entirely unique copy of a piece of data. Price Impact The difference between market price and estimated price due to trade size.
Block Height The number of blocks preceding the block in question on the blockchain, or can be thought of as total blocks in the chain before this point. BitLicense A business license issued to cryptocurrency companies in New York, created and provided by the New York State Department of Financial Services . Arbitrage Arbitrage is the practice of quickly buying and selling the same asset in different markets to take advantage of price differences between the markets. Address A place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. 51% Attack If more than half the computer power or mining hash rate on a network is run by a single person or a single group of people, then a 51% attack is in operation. Whale – whales own so much bitcoin that their buy/sell activity has the power to move the market. To the Moon, or Mooning – not showing your butt, in the crypto-slang, mooning means a price that has skyrocketed to the top, maybe even its ATH.
