Cryptocurrency Terms to Know Before You Invest
Here is a quick guide to cryptocurrency terms. We define technical terms, slang, acronyms, and other jargon related to cryptocurrency.
Controlled by one group or within one certain area.
An irreversible list of all transactions that have ever occurred on a platform.
Free movement of coins between individuals.
The volume of coins being held and spent at a given time for a given cryptocurrency.
A cryptocurrency that relies solely on its own technology to function.
In the cryptocurrency sphere this term refers to storing cryptocurrency in a location that is offline and thus inaccessible by anyone on the internet.
An offline wallet for holding cryptocurrencies. Considered more secure than hot wallets.
Verifications of consensus by miners and/or nodes. After an individual sends payment on a block chain, confirmations are required before the recipient can accept payment.
Digital currency that uses cryptography. Bitcoin & Altcoins are all types of cryptocurrency.
Code making, breaking and studying.