Hello, thank you very much for getting here, if you always confused by the descriptions in some articles in the industry. Here, we have organized the terminology for your convenience.
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.
Airdrop A way to promote cryptocurrencies by sending some free tokens to traders
Algorithmic Stablecoin Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions.
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Altcoin
Coins althernative to Bitcoin
Application Programming Interface (API)
It is a software that acts like an intermediary or a bridge that lets two applications talk to each other. It is the one that lets applications, data and devices interact.
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
ASIC Resistant
A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.
Ask Me Anything (AMA)
Ask me anything refers to actions where individuals of certain profession (eg. fireman, nurse, journalists) or company (eg. CEO of Tesla) conduct a session for users to ask them questions.
Atomic SWAP
Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.
Bearish
A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Bitcoin ATM
A machine from which you can buy or sell Bitcoin. Typically also offers different types of cryptocurrencies.
Bitcoin Evangelist
Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Bounty
Public tasks available for anyone for a reward
BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
Bullish
A term used to indicate positive sentiment towards the market or an asset, where investors believe that there will be upward price movement.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
Byzantine Fault
A byzantine fault is where an error has occured, yet a computer system does not know due which component/what failed to the lack of information and continues to iterate on a given instruction.
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Central Ledger
Central data repository of a company or bank
Circulating Supply