Underlying (asset)

cryptocurrency glossary

The “replacement” transaction uses the same inputs as the original one. This is not considered a double spend, as the receiving address typically remain the same.

Consortium Blockchain

  • A Satoshi is equal to a hundredth of a millionth of one BTC.TAThe acronym for technical analysis, TA looks at historical price data as indicators to predict future movements of a cryptocurrency.
  • A decentralized, unchangeable record of all transactions that havew ever happened for a cryptocurrency.
  • A cryptographic system that uses both a private key and public key to safeguard transactions.
  • It’s the central security-layer behind cryptocurrencies like Bitcoin.
  • It bundles transactions in order on blocks and stores them permanently.
  • A digital currency that uses strong computer code and a decentralized system to allow for transactions without using middlemen like banks.

Data committed to the Ethereum Blockchain signed by an originating account, targeting a specific address. The transaction contains metadata such as the gas limit for that transaction. Introduced by ERC-20 proposal, this provides a standardized smart contract structure for fungible tokens. Tokens from the same contract can be tracked, traded, and are interchangable, unlike NFTs.

Safe Haven Asset

FA – Fundamental analysis is a method of research into a business or ICO. For example, fundamental analysis would assess if a company’s team are reputable, if the company’s product is fit for the market and if there is a use-case in the real world. Hodl – The ‘Hodl’ meme originated from the Bitcointalk forum, where an enraged, and slightly worse for wear, trader left a rant about why he was holding his Bitcoin instead of selling. The alcohol-induced rant cryptocurrency glossary misspelt ‘Holding’ as ‘Hodling’, giving birth to a meme that is still prevalent five years later. When a trader now says they are ‘Hodling’ their coins/tokens, they mean they are holding without the intention of selling. RBF stands for Replace By Fee, and refers to a method that allows a sender to replace a “stuck” or unconfirmed transaction with a new one that uses a higher fee. This is done to make sure a transaction confirms as quickly as possible.

Blockchain 2 0

This person does not qualify to be a whale, but has evolved from being a fish/minnow. Distributed Consensus Collective agreement by various computers in a network enabling it to work in a decentralized manner without a central authority. Digital Signature A digital code generated by key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. Depth Chart A graph that plots the requests to buy and the requests to sell on a chart, based on limit orders.

Blockchain Glossary Of Terms:128 Blockchain Terms And Their Definitions

The chart shows the point at which the market is most likely to accept a transaction. cryptocurrency glossary Deflation Reduction of the general level of prices in an economy.

Bonding Curve A bonding curve is a mathematical curve that defines the relationship between the price and the supply of a given asset. BitLicense A business license issued to cryptocurrency companies in New York, created and provided by the New York State Department of Financial Services . Attestation Ledger An attestation ledger is an account book designed to provide evidence of individual transactions. It is generally used to “attest” that a financial transaction took place, or to prove authenticity of cryptocurrency glossary transactions or products. Anti-Money Laundering A set of international laws enacted to curtail criminal organizations or individuals laundering money through cryptocurrencies into real-world cash. Anarcho-capitalism A political philosophy and school of thought that believes in removing centralized states in favor of self-ownership, private property and free markets. Many of the early adopters of Bitcoin were proponents of anarcho-capitalism, believing it would give power and control back to the masses.

cryptocurrency glossary

allows members to customize their own personal network-within-the-network. or individual miners who have separate computers they can devote solely to mining. can occur during both upward-trending (“bear”) and downward-trending (“bull”) markets. Since they don’t signify the current trend is going to reverse, the pennant pattern is considered one of the “continuation” pattern types. Once the pattern is formed, the trend will continue moving in the direction it had been beforehand. This pattern forms on market value charts when investors want to test a current trend in a commodity’s value. The buying and selling that takes place during this testing period—which generally last one to three weeks—forms fluctuations that can be bracketed by converging diagonal lines, forming a “pennant” shape.

This is a pattern that appears on market value graphs when investors want to test the validity of an upward, or “bullish,” trend in a commodity market. A bubble occurs when a market is driven upward by investors; this has happened in the dot-com and housing industries in the past decade or so. Factors such as industry popularity, speculation of potential worth, political influence, and many other things can combine to create these spikes in value. A daily collection of all things fintech, interesting developments and market updates. Comments about specific definitions should be sent to the authors of the linked Source publication. For NIST publications, an email is usually found within the document. Every Monday morning we’ll send you a TLDR of our latest field guide to help you save time and get smarter faster.

Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Trade volume is the amount of trades being taken and at what size they are. If you have 10 traders all buying one bitcoin versus 1 buyer who is buying 100 bitcoins, the single trader would have the higher trade volume.

cryptocurrency glossary

On Thursday, our editors wrap up the best of Quartz coverage on a specific topic to take you into the weekend. bitcoin – without capitalization, is used to describe bitcoins as a unit of account. e.g. “I sent ten bitcoins today.”; it is also often cryptocurrency glossary abbreviated BTC or XBT. Bitcoin – with capitalization, is used when describing the concept of Bitcoin, or the entire network itself. Bit is a common unit used to designate a sub-unit of a bitcoin – 1,000,000 bits is equal to 1 bitcoin .

Short for “test network,” a network used to simulate the behavior of the main Ethereum network . A layer 2 solution where a channel is set up between participants, where they can transact freely and cheaply. Only a transaction to set up the channel and close the channel is sent to mainnet. This allows for very high cryptocurrency glossary transaction throughput, but does rely on knowing number of participants up front and locking up of funds. A secret number that allows Ethereum users to prove ownership of an account or contracts, by producing a digital signature . An internal transaction that is never serialized and only sent within the EVM.

These improvements are related to transaction speeds, cheaper transaction fees, and transaction privacy. A transaction sent from a contract account to another contract account or an EOA . A hard fork of Ethereum cryptocurrency glossary at block 200,000 to introduce an exponential difficulty increase , motivating a transition to proof-of-stake. The second development stage of Ethereum, launched in March 2016 at block 1,150,000.

The purpose of using cold storage is to minimize the chances of your bitcoins being stolen from a malicious hacker and is commonly used for larger sums of bitcoins. A special Ethereum address, composed entirely of zeros, that is specified as the destination address of a contract creation transaction. First proposed by Dr. Gavin Wood, Web3 represents a new vision and focus for web applications- from centrally owned and managed applications, to applications built on decentralized protocols . At a technical level, your transaction fee relates to how much gas your transaction requires.

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