Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Hodl

This is a crypto -investor strategy entitled "Remove cryptocurrency and keep it, no matter what." This term was formed in distant cryptocurrency times, when one of the users of the network made a typo in the word "Hold" (hold). The story was encouraged and became a meme, and the word migrated to the slang of the crypto -investor. It is permissible to use both options: Hold and Hodl. Holding (worthwhile) means holding cryptocurrency on the wallet and not selling. Holder (Kholer) an investor who adheres to this strategy.

Other Important Terms

ATL

The minimum value of the price for token for the entire period of its existence.

Crane

This is a special application or site that allow you to get a certain number of so -called test tokens on your wallet and use them in the future to perform various tasks, for example, twisters.

Market Order

Order (application) for quick purchase/sale at the current market price. For example: a market order for sale will correspond to the cheapest limit order for a purchase available in an exchange glass. The warrant will pass throughout the glass until it is closed according to your volume, so do not forget to look at liquidity.

Blockchain

Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset.

Transaction Fee

These are commission fees that the user pays to miners or validators of the network for various transactions and transactions. The commission is paid using the native tokens of a particular network, for example, on the BSC network for transactions, you need to pay in BNB.

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