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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

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

Gem

This is a potentially profitable asset, which in the future can bring a lot of profit to the investor.

Cliff

This is a period of locking tokens. As a rule, tokens are not given to investors all at once, but in several portions - butter. For each butch, the deadlines and the number of tokens are indicated. So temporary segments between the battles can be called cliffs. For example, the conditions of the sank is as follows: 50% of the tokens will be issued in TG (first butch), then cliff (blocking) for two months, then another 25% and again for six months, etc.

BEP-20

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

Ino

A variety of ICO, in which NFT is produced and sold

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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