An investment that is expected to hold its value, even when other markets are losing value. In crypto, safe havens are typically known as stable coins such as tether and USDC
Example Sentence : When bitcoin reaches an all time high price, it is a good idea to put some of your profits into a safe haven such as USD Coin to protect your investments.
by cfaulk 2020-12-15 14:23:07
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NFT
A non-fungible token is a digital item like crypto art or rare crypto collector cards. Scarcity and ownership is verifiable by the blockchain.
Example Sentence : Crypto kitties is the first NFT that got global attention.
by cfaulk 2020-12-10 13:28:23
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An individual or group that hold large amounts of bitcoin or other cryptocurrency.
Example Sentence : The market tanked today as the Whales took profits.
by cfaulk 2020-12-10 13:05:14
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A method of distributing/earning crypto in exchange for performing tasks, usually organized, and paid out by a company/team. For example: Fill in a form, sign up to a mailing list, download an app and follow on Twitter, for $20 of crypto.
Example Sentence : Did you get those free UNI coins? They gave everyone 400 UNI in their airdrop.
by cfaulk 2020-11-20 04:17:00
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Short for alternative coins. Another term for cryptocurrencies that are not Bitcoin.
Example Sentence : I have a little bit of bitcoin but i have a ton of altcoins.
by cfaulk 2020-11-25 10:56:40
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When a market falls in price and promotes continued selling.
Example Sentence : The best time to buy coins is during a bear market.
by bitcoinchew 2020-12-04 03:38:45
A digital currency, which consists of cryptographic proofs-of-work, that can be literally, verifiably, and securely transferred the over the internet from a buyer's bitcoin client (app/ software) to a seller's client without the aid of a mutually trusted third party (e.g. paypal or a bank, who traditionally collects a fee for this trust).
Example Sentence : Western Union will charge you almost 5% to transfer $20,000 to India. They won't even let you do it in a single transfer since it is too big, and they'll hit you with an unfavorable exchange rate. Why don't you just send your vendor some bitcoin?
by cfaulk 2020-11-20 01:40:13
A growing list of all transactions in a cryptocurrency. The list cannot be modified and shows which account every bit of that currency is located in. It is a ledger of all transactions.
Example Sentence : I sent you some bitcoin. Once it gets posted to the blockchain you should see it pending in your wallet.
by cfaulk 2020-11-23 10:45:07
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When a market rises in price and promotes buying to continue.
Example Sentence : Everyone wants to buy bitcoin during a bull market, but traders would rather buy it during a bear market.
by bitcoinchew 2020-12-04 03:34:43
The total number of coins/tokens currently in circulation.
Example Sentence : If coins are burned the circulating supply is reduced.
by bitcoinchew 2020-12-03 21:20:29
A cryptocurrency wallet that is disconnected or air gapped from the Internet. Also known as COLD STORAGE. Funds cannot be withdrawn while offline but new deposits can be made and will transfer when you bring the wallet back online.
Example Sentence : Coinbase holds most of their cryptocurrency offline in a cold wallet to protect the assets they service.
by cfaulk 2020-11-25 12:00:19
A digital money created with software that controls the max supply, how often new coins are made (minted) and how many coins get minted per block. These coins are completely digital and ownership is proven by public/private keys generated by your software wallet.
Example Sentence : I'm out of cash, can I pay you for that pizza with cryptocurrency?
by cfaulk 2020-11-23 10:53:33
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By not having a central authority, cryptocurrencies are not limited to a single point of failure. instead they rely on peer to peer (P2P) connections. If a server goes offline, bitcoins network wont go down as the service remains up as long as it has one peer online.
Example Sentence : Bitcoin'n network will never go down because it is decentralized.
by cfaulk 2020-11-25 11:11:12
Short for decentralized finance. DeFi is financial software built on a blockchain that is decentralized at its core.
Example Sentence : DeFi allows everyone to take charge of their financial well-being
by coino 2020-12-10 12:45:17
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Typically a website used to view all transactions on a blockchain or search for a specific transaction id, wallet address, or block number.
Example Sentence : When you send crypto you generate a transaction id that can be viewed on the explorer.
by bitcoinchew 2020-12-03 22:01:13
Actually stands for H.O.L.D (hold on for dear life). Meaning buy and hold cryptocurrency and hold for a long period of time.
Example Sentence : If you HODL your Bitcoin for 5 years they could multiply in price.
by cfaulk 2020-12-04 04:16:27
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A cryptocurrency wallet that is connected to the Internet.
Example Sentence : I only keep a little bit of money in my hot wallet. I store the rest offline.
by cfaulk 2020-11-25 11:17:24
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ICO
Acronym for Initial Coin Offering. Very similar to an IPO where a company offers its shares to the public however cryptocurrency is offered instead of shares. Teams run ICO's to raise initial capital to fund their project.
Example Sentence : I would really love to buy telegram's cryptocurrency when it comes out. I will be looking out for their ICO details.
by cfaulk 2020-11-25 11:02:14
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The value of the cryptocurrency calculated by multiplying the circulating supply by the current coin price.
Example Sentence : To get the real value of a cryptocurrency, you must calculate the market cap.
by cfaulk 2020-12-03 21:17:20
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a cryptocurrency full node that keeps the full copy of the blockchain ledger in real time
Example Sentence : I have setup a masternode to generate some supplemental income.
by cfaulk 2020-12-04 00:02:00
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The maximum number of coins or tokens that can ever exist in a cryptocurrencies blockchain.
Example Sentence : Bitcoin has a max supply of 21,000,000 coins.
by bitcoinchew 2020-12-03 21:25:39
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NFT
A non-fungible token is a digital item like crypto art or rare crypto collector cards. Scarcity and ownership is verifiable by the blockchain.
Example Sentence : Crypto kitties is the first NFT that got global attention.
by cfaulk 2020-12-10 13:28:23
Artificially inflating the price of a cryptocurrency through false and misleading positive statements, in order to sell them at a higher price.
Example Sentence : Watch out for over hyped coins with anonymous teams as they are often pump and dumps.
by cfaulk 2020-12-04 04:09:29
A sudden revelation that completely contradicts the assumptions one has been led to believe.
Example Sentence : Don't trust anonymous teams as they have been known to rug-pull and run off with your money.
by cfaulk 2020-11-25 17:56:29
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An investment that is expected to hold its value, even when other markets are losing value. In crypto, safe havens are typically known as stable coins such as tether and USDC
Example Sentence : When bitcoin reaches an all time high price, it is a good idea to put some of your profits into a safe haven such as USD Coin to protect your investments.
by cfaulk 2020-12-15 14:23:07
The smallest possible unit of Bitcoin. One hundred millionth of a bitcoin, or .00000001 BTC.
Example Sentence : One Satoshi/Sat is the lowest tradable bitcoin unit.
by cfaulk 2020-11-20 03:05:00
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Nodes that generally have a high uptime and have had many connections to many other nodes. They are used by nodes that are first joining the network to get a list of other nodes to connect to. The DNS Seeders give out lists of seed nodes and there are also some hard coded fallback seed nodes in Bitcoin Core to be used if the DNS Seeders are unavailable.
Example Sentence : I have launched the QT wallet and The seed node has provided a list of peers.
by cfaulk 2020-12-03 23:56:32
The study of how a cryptocurrency works within its ecosystem. This includes how owners will be incentivized for positive behavior and how tokens are distributed.
Example Sentence : I just heard about this new cryptocurrency but before I make a purchase, I need to learn more about their tokenomics.
by cfaulk 2020-11-23 11:01:49
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Software that allows you to send, received and store cryptocurrency. Wallets are uniquely defined by their public and private keys
Example Sentence : I have received your payment. The coins have hit my wallet.
by cfaulk 2020-11-25 11:14:18
An individual or group that hold large amounts of bitcoin or other cryptocurrency.
Example Sentence : The market tanked today as the Whales took profits.
by cfaulk 2020-12-10 13:05:14
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