Glossary
Here we are building a glossary to help you navigate and understand the world of crypto.
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.
KuCoin
KuCoin is a cryptocurrency exchange that allows users to trade various digital assets and cryptocurrencies. It was launched in September 2017 and has grown to become one of the most popular exchanges, with over 5 million registered users.
Hash Rate
Hash rate measures the computational power in a proof-of-work (PoW) cryptocurrency network.
Maker (MKR)
Maker (MKR) is a decentralized finance (DeFi) project that aims to create an open financial system using blockchain technology.
Ontology (ONT)
Ontology is a blockchain project that provides solutions for the Web3 industry, including the Ontology blockchain mainnet and decentralized identity framework ONT ID, as well as the governance coin ONT and fee payment token ONG.
LedgerX
LedgerX is a bitcoin futures, options, and swaps exchange headquartered in New York City and regulated by the US Commodity Futures Trading Commission (CFTC).
AscendEX
AscendEX is a digital asset financial platform offering spot, margin, and futures trading, wallet services for over 100 cryptocurrencies, and staking support for top blockchain projects.
Iota (MIOTA)
Iota is a distributed ledger technology network that uses its Tangle system to facilitate fast and fee-free transactions. Its native coin, MIOTA, can be traded on exchanges and has a market value in USD.
