Glossary
Here we are building a glossary to help you navigate and understand the world of crypto.
Blockchain Transmission Protocol (BTP)
A solution that allows for various blockchains with different algorithms and consensus mechanisms to become compatible
Blockchain 3.0
Blockchain technology has come a long way since its inception, and Blockchain 3.0 is the next phase of blockchain technology
Bitcoin BTC Dominance
Bitcoin, the original cryptocurrency, has been making waves in the global market for more than a decade
Bitcoin ATM
Bitcoin ATMs, also known as BTMs, are rapidly gaining popularity as a convenient and secure way to buy, sell, and transfer bitcoin
Bid Price
A bid price is the value buyers are willing to offer for an asset, such as a commodity, security, or cryptocurrency.
Bear Traps
Bear traps are a form of market manipulation traders use to create a false upward trend in a downward market.
Bear Market
A bear market is a state in which prices are falling, and investors are selling their assets.
Bag Holder
A bag holder in the world of crypto is an investor who holds on to their assets, regardless of market conditions or asset value.
Crypto Address
A crypto address is a unique virtual address assigned to a wallet to receive and send digital assets.
Crypto Account
A cryptocurrency account, also known as a crypto account, is a digital record that tracks financial transactions involving digital assets.
51% Attack
The goal of a successful 51% attack is to make a financial gain at the expense of other users on the network.
PancakeSwap (CAKE)
PancakeSwap is a decentralized exchange (DEX) built on the BNB Smart Chain (BSC) that allows users to trade BEP-20 tokens using liquidity pools.
Synthetix (SNX)
Synthetix is an Ethereum-based protocol that allows users to create and trade synthetic assets.
Waves (WAVES)
Waves is a mainnet blockchain that allows developers to build decentralized applications (DApps) and assets.
SushiSwap (SUSHI)
SushiSwap is a decentralized finance (DeFi) project that offers a variety of products, including a decentralized exchange (DEX) and an ERC-20 token called SUSHI.
Polkadot (DOT)
Polkadot is a blockchain ecosystem aiming to provide users with interoperability and scalability.
Polygon (MATIC)
Polygon is an open-source protocol aiming to scale while leveraging the power of Ethereum.
Uniswap (UNI)
Uniswap is a decentralized exchange (DEX) that allows users to trade Ethereum-based assets, including Ether and ERC-20 tokens.
Unus Sed Leo (LEO)
Unus Sed Leo (LEO) is the utility token of the Bitfinex cryptocurrency exchange.
NEM (XEM)
NEM, or New Economy Movement, is a digital asset project launched in 2015.
Tezos (XTZ)
Tezos is a mainnet blockchain platform that allows developers to build decentralized applications (DApps).
Central Bank Digital Currency (CBDC)
CBDC is a digital version of a country's fiat currency issued and regulated by the central bank.
Ethereum Classic (ETC)
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
OKX
OKX provides advanced financial services to traders around the globe, including hundreds of token and futures trading pairs.
