Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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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.

Other Important Terms

This is the stage of waiting for a transaction. For example, the user sent funds to another wallet, but immediately this transfer will not occur, because for some time this transaction is checked by special services, and is in processing. On the user side, this transaction will be marked with "Pending".

TIR

The degree of steepness/reliability/profitability of cryptocurrency funds - for example, TIR -1 is the coolest, shooting room -2 - less cool and so on

2 Factor Authentication (2FA)

2 Factor Authentication is a double layer security measure. Most crypto exchanges use it. In order to log in, you not only need to enter a password, but also a code that you receive from the Google authenticator for example.

Sid Fraza

This is a set of 12–24 words in a certain order that generate private keys for wallets according to various algorithms. This phrase must be stored very reliably and not showed anyone.

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.

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