Crypto Dictionary

Altcoins

An altcoin is the common name for any cryptocurrency other than Bitcoin.

ATH

The ATH is the highest price that a cryptocurrency or any cryptoactive has reached in its history (All Time High or Historical Maximum).

ATL

The ATL is the lowest price that a cryptocurrency or cryptoactive has reached throughout its history (All Time Low or Historical Low).

BTC

Bitcoin is a cryptocurrency and payment system with no central bank or single administrator. In principle, bitcoin users can transfer money to each other through a peer-to-peer network using free and open source software. Transactions are verified and cryptographically guarded by a decentralized network of volunteer nodes, which record account history in a public database known as a "blockchain", and prevent double spending or counterfeiting of money.

BCH

Billion Happiness is a blockchain community-based project, aiming to introduce Blockchain to billions of people through simple necessities including clothing or wearable devices, crypto essentials like hardware wallets, and through interests and passions that include digital artwork. He is committed to providing happiness by rewarding his community through his token called BHC. Billion Happiness Community Token (BHC) is a cryptocurrency originally created as a reward for the Billion Happiness Community. Its further development led to Mundo DeFi. Make the token farmable, stakeable, and tradeable on various exchanges. Additionally, Billion Happiness aims to provide "product ownership" on its merchandise to prevent counterfeit items.

Cold Wallet

They are all those wallets that are not connected to the network, but the coins inside are.

CEX

Centralized Exchange which is the platform itself that performs the exchange for us.

DEX

Decentralized exchange based on the blockchain and open source, nobody is in control and we are the people who negotiate.

DeFi

DeFi is short for decentralized finance which includes digital assets, protocols, smart contracts, and dApps built on the blockchain.

DOGE

Dogecoin is a virtual currency that was born in 2013 as a joke. This badge is actually based on the popular internet meme "doge", which shows a Shiba Inu dog with funny phrases. It grew beyond joke into a serious cryptocurrency. It is an inflationary cryptocurrency because it has no emission limit. In the second half of June 2014, more than 100 billion (100,000,000,000) Dogecoins had been mined.

ETH

Ethereum is an open source platform, which is used to run smart contracts. It has a high degree of decentralization, unlike other blockchains. It is programmable, which means that developers can use it in the creation of decentralized applications. They can control digital assets to create new types of financial applications. They can be decentralized, which means that no entity or person controls them.

Exchange

Digital exchange house that allows fiduciary money to be exchanged for cryptocurrencies and/or cryptocurrencies with each other.

ERC-20

It is nothing more than a smart contract that has a data structure that is already predefined, what it does is facilitate the implementation of various functionalities on the Ethereum blockchain.
fee Commission that is charged when carrying out any transaction on a blockchain.

FOMO

(Fear Of Missing Out) This acronym refers to the fear of being left out of a project that can give potential profits either due to a price increase or because of some positive news.

FUD

(Fear, Uncertainty and Doubt) This acronym refers to the fear, uncertainty and doubt that can occur in people when there is a high price drop.

Gas

Commission that is charged only on the Ethereum network for any transaction made.

Hot Wallet

Wallet that is always connected to the blockchain and is especially used to quickly exchange cryptocurrencies to any user or to trade.

ICO (Initial Offering of Coins)

Is a model used for projects and companies to get money at the beginning of the project. However, you have to be very careful and be well informed before participating since some are scams and you can lose a lot of money.

ICD

Dai is a stable cryptocurrency that aims to keep its value as close tothe US dollar (USD) as possible through an automated system of smartcontracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO) made up of theowners of its governance token, MKR. To ensure the stability of Dai, its owners can vote on changes to certain parameters in their smart contracts.

KYC

Process by which the client of a company must identify himself to know that he is a real person and not a robot, providing private data, a photo of the DNI and a photo of his face, normally.

Lambo

This term is used when you want or have obtained a great return with a cryptocurrency and refers to buying a Lamborghini.

Liquidity

Liquidity allows us to recognize if it is possible to buy or sell an asset quickly and smoothly within that market, if there is good liquidity, we will sell faster, if there is little, the transaction will be slower.

Leverage

Leverage is an investment strategy which, depending on the amount of leverage we want, we will lose more or win more. If we have $100 and put a leverage of 5, we will win either $500 or lose $500.

LTC

Litecoin is a cryptocurrency and open source software project released under the MIT license inspired by and technically virtually identical to Bitcoin (BTC). It was intended to be an alternative to Bitcoin for low value transfers. Each Litecoin is broken down into 100,000,000 smaller units, defined by eight decimal places.

Mainet

Main network of any cryptocurrency where all the records and transactions of said network are located.

Metaverse

The metaverse are environments generally composed of multiple shared and persistent three-dimensional virtual spaces linked to a perceived virtual universe. It can refer not only to virtual worlds, but to the multidimensional experiences of use and application of the internet as a whole, especially the spectrum that combines web 2.0, augmented reality, third-dimensional technology and virtual reality.

Margin Trading

Margin trading or leveraged trading is when you take positions on an exchange with leverage greater than 1.

NFT

A NON-fungible token, or NFT, is an encrypted digital asset, a special type of cryptographic token that represents something unique. Non-fungible tokens are therefore not identically exchangeable. The four main characteristics of NFTs are that they are unique, indivisible, transferable and capable of proving their scarcity. They are used in various specific applications that require unique digital items, such as "Crypto Art", digital collectibles and online games.

Node

The nodes are computers connected to the network that have an updated copy of the blockchain.

Pump&Dump

Action normally caused by the market that makes the price of a cryptocurrency go up a lot in a few seconds and at the moment the price goes down more than it was before.
token burning When the company responsible for the crypto or the token decides to get rid of a certain amount.

Rig

It is a set of hardware elements used to mine cryptocurrencies.

Satoshi

The Satoshi is the minimum unit in which a bitcoin can be divided and is equal to 0.00000001 Bitcoin (BTC) It owes its name to the name of the creator of Bitcoin, Satoshi Nakamoto.

Shitcoin

It is a word that is used to despise coins that have no value or that are not very reliable either because of their code, because of their team or because of the project they have.

SWAP

SWAP is the action of exchanging a cryptocurrency that we have for another that we want.

Testnet

It is a secondary network for testing cryptocurrencies that have no real value, it is perfect for developers.

Token

A token is the digital representation in the blockchain world of something that has value within a context. It is issued by a private entity and is only valid under this particular universe.

Utility token

These tokens represent the right to use a product or service, they are not intended as an investment.

USDC

It is a type of cryptocurrency that is described as "price stable". It is always possible to exchange 1 USD Coin for US$1.00.

Vanity Address

It is an address that begins with a set of characters chosen by the user, it is a 'custom' address, and it is obtained through a brute force procedure.

Whale

Person or group of people with a large amount of coins whatever they are able to move the market either to raise or lower the prices of that cryptocurrency.