Crypto Glossary
Demystifying the jargon. From A to Z.
A
Airdrop
A distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses.
Altcoin
Any cryptocurrency other than Bitcoin.
B
Blockchain
A decentralized ledger that records all transactions across a network of computers.
C
Cold Storage
Storing cryptocurrency offline, such as on a hardware wallet or paper wallet, to protect it from hacks.
D
DeFi
Short for Decentralized Finance. Financial services built on public blockchains, primarily Ethereum.
F
FOMO
Fear Of Missing Out. The feeling that you are missing out on a profitable trading opportunity.
G
Gas
A fee paid to process transactions on the Ethereum network.
H
HODL
A misspelling of 'hold' that refers to a buy-and-hold strategy in the context of bitcoin and other cryptocurrencies.
I
ICO
Initial Coin Offering. A fundraising method in which a new project sells its underlying crypto tokens.
K
Keys
Public and private keys are used to send and receive cryptocurrency. Never share your private key.
M
Mining
The process by which new cryptocurrency coins are entered into circulation and new transactions are confirmed.
N
NFT
Non-Fungible Token. A unique digital asset that represents ownership of real-world items like art, music, in-game items and videos.
S
Satoshi
The smallest unit of Bitcoin. 1 Bitcoin = 100,000,000 Satoshis.
W
Wallet
A software program or physical device that stores public and private keys and interacts with various blockchain.
Whale
An individual or entity that holds a large amount of cryptocurrency.