Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Liquidity

These are assets (tokens) to be sold or purchased on the market without any influence on the basic price of this asset.

Other Important Terms

This is a fluctuation in the price of the asset or its profitability for a certain period of time. As a rule, the higher the volatility of the asset, the higher the risk. The prices of such assets often fluctuate and for a short period of time can greatly go into plus or minus. The volatility is has a strong psychological effect on investors: with high price fluctuations, panic occurs, uncertainty presses and in the end the drain of securities at the very bottom begins, and then experiences from such manipulations.

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

Steblcoins

These are cryptocurrencies that are universally recognized and attached to traditional fiat currencies, for example, to the dollar. Examples: USDT, USDC, DAI, BUSD, etc. Due to the fact that these cryptocurrencies are tied to stable assets, they are assigned the corresponding name "Stable coins" or "stabiboins".

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.

BEP-20

This is the standard of tokens in the BSC blockchain (Binance Smart Chain).

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