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.
The predominant standard for creating smart contracts on the Ethereum block chain. Others may include ERC 721, ERC888, and more
A token issued on the Ethereum platform.
Exchange Traded Fund. A group of assets that can be bought or sold as a single asset.
The native tokens of the Ethereum platform. Required in order to send transactions or execute smart contracts.
A cryptocurrency created by Vitalik Buterin that runs on Ether (ETH). Ethereum was the first block chain-based technology to make smart contracts and decentralized applications possible.
Transforming data into unrecognizable code that can only be decoded with the exact decryption key.
Ethereum Virtual Machine. A testing environment on the Ethereum network for executing smart contracts and promoting security.