Account : A combination of public and private keys unique to each user. Read more…
Address (Public Key) : It is a combination 24 -35 alphanumeric characters and a destination for a cryptocurrency payment. In cryptography a public key can be derived from a private key but not vice verse. Read more…
AddressIcon / AddressIdenticon : It is an automatically generated user icon based on your address such as email id or address ( public key ). Read more…
Altcoins: An abbreviation of alternative coins apart from the Bitcoin, which was the original cryptocoin. A common word for all the other coins except Bitcoin. Read more…
Bearish : A downward trend of a cryptocoin in the markets. Read more...
Block : A part of the blockchain.
Blockchain : A decentralized database that maintains a data list that can not be manipulated in anyway. Read More...
Brain Wallet: An account generated from a passphrase of a human. It is not safe as humans are not capable of generating enough entropy or randomness. System generated ones are much stronger.
BTFD : 'Buy The F* Dip' means buy any Cryptocurrency when you see that the price is the lowest and in red.
Bullish : An upward trend of a cryptocoin in the markets.
Circulation Supply : The number of coins in circulation.
Core Wallet : A wallet contains the whole blockchain giving developers the ability to work on it.
Cryptojacking : A crime where hackers break into systems to mine cryptocurrency.
DAO: 'Decentralised Autonomous Organization'. A decentralised network of nodes programmed to perform autonomous transactions defined by consensus protocol. Incorruptiblity, self regulatary, trustworthyness and transparency are some of the qualities of DAOs.
Dapps : A decentralised application written in the blockchain.
DCA : 'Dollar Cost Averaging'. The technique used by 'hodlers' who purchase a fixed dollar amount of bitcoins no matter what the price happens to be, in a regular basis.
DYOR : ' Do Your Own Research '. It is essential to do some research before start to buy cryptocurrencies.
Electrum Wallet : A light weight wallet to store cryptocoins.
Encryption : It is the ability to unlock data with private key.
Entropy : It means randomness and the security of an account is defined by entropy. A strong password is determined by entropy.
Exchange : It is the place where crypto coins are traded, bought and sold.
Fiat: It is the money governed by governments such as dollar, pound etc.
Hardware Wallet : A device which holds your private keys. The wallet supplies a 24 word phrase which is required if the hardware wallet is lost.
Hash : An encryption which can not be reversed.
Hashing Power : Miners use powerful network of ASIC powered computers specifically designed to mine bitcoins. The power those machines generate is used to solve blocks which in turn will reward them with bitcoins. The power generated to be able to mine bitcoins is called “Hashing Power”. Read more…
Hexadecimal : A hexadecimal string is comprised of the numbers and alphabets.
HODL : 'Hold On Despite Loss’
HYIP : 'High-yield investment programme' is a type of Ponzi scheme. It is an investment scam which promises a very high return on investment by paying previous investors with the money invested by new investors.
ICO : Initial Coin Offering. A crowd sale of a new blockchain project funded by crypto currencies.
Keystore File : Encrypted version of a private key in JSON format.
Market Cap : The price of a coin multiplied by the circulating supply of that particular coin.
Masternodes : A masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. Masternode operators are rewarded by earning portions of block rewards in whatever given cryptocurrency they’re facilitating.
Max Supply : The maximum amount of coins that will ever exist in the lifetime of a particular coin.
Miner : A device validating blockchain transactions and get paid by a fraction of cryptocoin for the service.
Mnemonic Phrase : A 12 or 24 word phrase that allows someone to access an accounts or wallet.
Private Key : This key is used to send funds from an account.
Proof of Work : It is a method where blockchain (transactions) are verified with computing power.
Public Key : It is a combination 24 -35 alphanumeric characters and a destination for a cryptocurrency payment. In cryptography a public key can be derived from a private key but not vice verse.
Satoshi : It is the smallest unit of bitcoin, which is 0.00000001 BTC. It is named after the creator of bitcoin Satoshi Nakamoto.
Sidechains : Sidechains allow someone to use the same infrastructure as the original blockchain on a completely separate blockchain.
Smart Contract : It is a set of rules that can not be modified because it is stored in the blockchain. A smart contract will be executed only these sets of rules are adhered to.
Wallet : The interface which holds your accounts. Your funds are being held in the blockchain and not in your wallet.
