Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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ERC-20

This is a standard, a certain set of rules that allows developers to create tokens over the Ethereum blockchain. These tokens are known as ERC-20 tokens. The ERC-20 standard is the most common in the cryptocurrency industry today.

Other Important Terms

Tokenomics

This is the economic model of token, which sets out the main aspects associated with the creation of token, its distribution, management, etc.

Profit

This is a profit in various types obtained as a result of investment activities.

IRL

The abbreviation denoting what is happening in real life (outside the Internet) - is used in correspondence or as a hashtag on a tweeter

Influenser

This is a very famous and authoritative personality in the crypto industry, who is the leader of opinions and affects the minds of many users.

ERC-721

This is a standard for non -replaceable tokens (NFT) in the Ethereum network. Each separate token ERC-721 is unique in its own way and cannot be replaced by another token. This type of tokens is used for collecting, real estate, paintings and art as a whole.

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