Glossary
Here we are building a glossary to help you navigate and understand the world of crypto.
Solana (SOL)
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a decentralized, Ethereum-based cryptocurrency with a sizeable token supply and a focus on community involvement and decentralization.
Litecoin (LTC)
Litecoin (LTC) is a decentralized, open-source cryptocurrency created in 2011 as a complementary asset to Bitcoin (BTC), offering faster and cheaper transactions.
Crypto Trading
Cryptocurrency trading involves the buying and selling of digital currencies, such as Bitcoin and altcoins, using online exchanges or directly between investors to make a profit or use them as an investment tool.
Dogecoin (DOGE)
The cryptocurrency was inspired by the “Doge” meme, which shows a picture of a Shiba Inu — a Japanese dog breed — sitting, paws folded over each other.
Digital Assets
Digital assets are any information or media that exists in digital form and comes with the right to be used, including items such as digital artwork, music, videos, documents, and cryptocurrency.
Dash (DASH)
Dash is a cryptocurrency and blockchain platform for fast and secure digital payments, with optional privacy features and a decentralized governance structure.
Diamond Hands
"Diamond hands" refers to a high-risk tolerance for holding cryptocurrencies, even during periods of high volatility, and is used to describe investors with a long-term bullish stance on a particular coin or token or the entire cryptocurrency market.
Dai (DAI)
Dai is a stablecoin issued by the MakerDAO decentralized autonomous organization, built on the Ethereum blockchain. It aims to maintain a peg to the US dollar through collateral and other checks and balances.
Cryptography
Cryptography is the study and practice of techniques for secure communication in the presence of third parties, using mathematical algorithms and protocols to secure data and protect against unauthorized access or tampering.
Cronos (CRO)
Crypto.com is a comprehensive entity that offers a variety of solutions, including a crypto exchange, payment cards, and two blockchains, with the CRO asset playing multiple roles in its ecosystem.
Cold Storage
Cold storage securely stores digital assets, such as cryptocurrencies, offline to protect them from online vulnerabilities and unauthorized access.
Cosmos (ATOM)
Cosmos is a decentralized network of interoperable blockchains, with ATOM as its native coin, aiming to improve decentralized applications' functionality and interoperability.
Cloud Mining
Cloud mining is a process that allows individuals to use the computing power of data centers and specialized machinery to mine cryptocurrency without the need for personal equipment or high electricity costs.
Crypto Exchanges
Crypto exchanges are platforms that allow users to buy, sell, and trade cryptocurrencies.
Compound (COMP)
Compound is a decentralized finance protocol that allows users to lend and borrow cryptocurrencies and earn or pay interest through liquidity pools on the Ethereum blockchain.
Chainlink (LINK)
Chainlink is a decentralized ecosystem that provides real-world data to blockchains through a network of oracles and smart contracts. It uses its cryptocurrency, LINK, as a reward for accurate data and a requirement for some smart contracts.
Binance
Binance is a cryptocurrency exchange and blockchain platform offering various products, including futures trading, margin trading, and lending.
Block Reward
A block reward is a number of coins given to a miner in return for their work on the mining process, which helps to maintain and grow the network while also controlling currency emissions.
Blockchain Bridges
A blockchain bridge provides a connection that allows for transferring tokens or data between two different blockchain ecosystems.
Bitcoin Mining
Bitcoin mining is the process of using specialized computer hardware to verify and add transactions to the public ledger of the Bitcoin network.
Bitcoin Futures
Futures trading for Bitcoin (BTC) involves making predictions about the asset's future value.
BNB
BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Chain, and Binance Smart Chain.
Band Protocol (BAND)
Band Protocol is a decentralized oracle platform that feeds external data into various blockchains using its native token, BAND, which can be staked and utilized for governance and transactions on the BandChain blockchain.
