Glossary



Algorithm: A process for solving a mathematical problem. Algorithms are a crucial component of the blockchain ecosystem. In blockchains, consensus algorithms are used to verify transactions. Proof of work algorithms is used for mining. Difficulty algorithms are used to shift the available mining reward dynamically.  

Altcoin: Alternative Coin. Bitcoin is known as the foremost cryptocurrency, so any cryptocurrency that is not Bitcoin is an altcoin.

Analysis: An examination of a subject or topic.

Bear/Bearish: -Negative sentiment or downward price movement

Blockchain: A new technology to store data more securely.

Bull/Bullish: : Positive sentiment or upward price movement

Centralized: Controlled by one group or within one certain area.

Consensus Mechanism: A general agreement among participants using and mining a cryptocurrency.

Cryptography: The process & study of code making, and code breaking.

Decentralized Apps (dApps): Distributed Apps. Applications without centralized computation mechanisms.

Decentralized: Distributed amongst its users rather than controlled by one group or within one certain area.

Digital Assets: Any non-physical object of value, like a document, an audio file, or a logo, that can be owned and controlled.

Digital Currency: A type of currency in digital form.

Digital Identities: A set of data used to represent an entity on a network or on the Internet.

Etheruem: Etheruem is an open source, public, blockchain.

Exchange: Platforms on which individuals can buy and sell cryptocurrencies.

Fiat Currency: Physical money not convertible into a coin or another form with the equivalent value.

Fork/Forked: When there is a change in the original code of a software.

Fundamental: Forming the core or base of central importance.

Fungibility: The idea that all units in the money supply are exactly equal. Fungibility is considered to be an essential aspect of effective currencies by many economists.

Hash: : Term for the mathematical process that transforms a variable amount to data into a shorter fixed-length output.

Hash Rate: : The speed and computing power of a computer program.

HODL: : A slang term used in the cryptocurrency community for holding on to your coins even in dire market circumstances, resisting the urge to sell.

ICO: Initial Coin Offering. An event in which a cryptocurrency project “goes public,” selling early coins in exchange for funds.

Illegal: Forbidden according to the law.

Internet Of Things: (IoT): Internet of Things. The system that will digitally connect physical objects, making them identifiable and trackable online.

Legal: Allowed according to the law

Ljubljana: Capital of Slovenia.

MCAP: : Market capitalization of the coin, which is an indicator of its market size.  It’s derived from multiplying its market price to the available supply of coins currently in the market

The Merkle Tree (Hash Tree): A Merkle tree is a Tree looking layout that allows for efficient and secure verification of content in a large body of data. This layout helps verify the consistency and content of the data.

Mineable Blockchain: A mineable blockchain is when a blockchain has available cryptocurrencies to mine.

Mining Pool: A group of miners that share their processing power of a network. These miners split the rewards equally according to the record of the amount worked by the miners.

Non-Mineable Blockchain: A non-mineable blockchain no longer has coins left to mine.

Open Source: A term used to describe software that is made available online so that any individual can view its code and submit improvements.

Orphan Transactions: a transaction that failed to complete.

Proof of Stake: A blockchain protocol to deter server attacks, and alteration of the data stored on the blockchain networks.

Proof of Work: A blockchain protocol to deter server attacks, and alteration of the data stored on the blockchain networks.

Public Ledger: -a public record of all the transactions on a network that can be added to or viewed to its users

Pump and Dump: : when a group of people influences the value of a stock to go up and sell it when the price peaks. Price manipulation by whales or collectives. (illegal)

Regulate: To control or supervise.

Research: An investigation into and study of materials to establish facts, and to come to a conclusion.

Rigs: Another term for a crypto miner.

Satoshi: Currently the smallest unit of the bitcoin currency recorded on the blockchain. It is a one hundred millionth of a single bitcoin (0.0000001 BTC)

Scalable: A measure of how easily a cryptocurrency will be able to handle more users and increased transactions.

Smart Contracts: Agreements between two parties that are self-execute when their terms are met and automatically cancel when their terms are not met.

Supply Chain Management: All processes involved in delivering products and services from their providers to their customers.

Support Line: A financial term that refers to the historical line that a stock doesn’t fall below. This is where investors typically invest in a stock.

Transferring Funds: Sending money from one bank to another without a face to face interaction.

Token: A cryptocurrency created using another platform (like Ethereum). Tokens operate by using the technology of the platform on which they were created.3

Volatility: : A measure of the price movement of an investment over time. The cryptocurrency markets are well known for their high levels of volatility.

Wallet: – A digital or physical address that is used to store the coins. The wallet can also be used to send and receive Bitcoin and other forms of cryptocurrency

Whitepaper: A white paper is an accurate report or guide that informs readers concisely about a complex issue and presents the issuing body’s philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision.