Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Hot wallet

This is a wallet that operates in online mode and is used to store cryptocurrencies. Examples: Metamask and Keplr.

Other Important Terms

A computer (server) connected to a blockchain and performing the functions of confirming transactions, creating blocks and storing copies of blockchain. In order for the computer (server) to become a node, it is necessary to install special software.

GM / GN

Good morning / Good evening -

Scam

A fraudulent cryptocurrency project, which organized a fundraiser, but at the same time violated a number of obligations - in fact deceiving investors.

WAGMI

This phrase is used when a lot of good news comes out and the hope is created that coins will grow. In this state, we hear only good news, not paying attention to the bad

IEO

This is a format for attracting investments in which the sale of tokens of tokens of a project is organized and controlled by a centralized exchange, for example, Binance.

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