Glossary

Glossary

1. Altcoin: Any cryptocurrency other than Bitcoin.

2. ATH (All-Time High): The highest price ever reached by a cryptocurrency.

3. Bear Market: A market characterized by declining prices.

4. Bull Market: A market characterized by rising prices.

5. Blockchain: A decentralized digital ledger that records transactions across multiple computers.

6. Cold Storage: Keeping cryptocurrency offline to protect it from theft or hacks.

7. Cryptography: A method of protecting information by transforming it into an unreadable format.

8. Decentralization: The distribution of functions and powers away from a central authority.

9. ERC-20: A standard for Ethereum tokens.

10. Fiat: Traditional currencies issued by governments, like the US Dollar or Euro.

11. FOMO (Fear Of Missing Out): The fear of missing out on potential profits.

12. Fork: A split in a blockchain resulting in two separate chains.

13. FUD (Fear, Uncertainty, Doubt): Spreading negative information to harm a competitor’s reputation.

14. Halving: A reduction in the reward miners receive for adding new blocks to the blockchain.

15. ICO (Initial Coin Offering): A fundraising method where new cryptocurrencies are sold to investors.

16. Ledger: A record of financial transactions.

17. Market Cap: The total value of a cryptocurrency, calculated by multiplying its price by the total supply.

18. Mining: The process of validating and recording transactions on a blockchain.

19. Node: A computer connected to the blockchain network.

20. Private Key: A secret alphanumeric password used to access and manage a cryptocurrency wallet.

21. Public Key: An alphanumeric code that is publicly known and used to receive transactions.

22. Pump and Dump: A scheme where the price of a cryptocurrency is artificially inflated (pumped) to attract unsuspecting investors, then sold off (dumped) for a profit.

23. Satoshi: The smallest unit of Bitcoin, equivalent to 0.00000001 BTC.

24. Smart Contract: A self-executing contract with the terms of the agreement written into code.

25. Token: A digital representation of a particular asset or utility.

26. Wallet: A software program or hardware device used to store, send, and receive cryptocurrencies.

27. Whale: An individual or organization that holds a large amount of a cryptocurrency.

28. Whitepaper: A document that outlines the purpose and mechanics of a cryptocurrency project.

29. 51% Attack: A situation where more than half of the computing power in a blockchain network is controlled by a single entity, allowing them to manipulate the network.

30. KYC (Know Your Customer): A verification process where businesses identify and verify the identity of their clients.