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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

NFT

These are non -replaceable tokens. Each of these tokens is unique, inseparable and exists in the singular.

Ino

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

Fomo

The abbreviation, which is deciphered as a syndrome of lost opportunity or benefit. The negative emotional state that occurs in the crypto -investor if he did not take advantage of the presented opportunity to earn or profitably invest his funds. The peak manifestations of this state are manifested when the entire network literally buzzes about incredible Xs, that is, profits, and this user only remains, what to consider other people's earnings.        

Block Reward

The block reward is the payment that is offered to the node that is securing the blockchain. In the case of Bitcoin, which is has a Proof-of-Work consensus algorithm, these would be the miners. The payment is in the form of the native cryptocurrency of that blockchain. The amount is a predetermined reward per block, but often that is supplemented with the fees that are paid for the transactions that block contains. For Bitcoin the current block rewards are cut in half every four years. This is called the ‘halvening’.

Tao

"Decentralized autonomous organization", which is controlled by smart contracts. DAO does not imply a hierarchy, the organization’s data operate transparently according to the rules prescribed in the code. In order to become a member of the DAO and have the right to vote, it is necessary to purchase native tokens, the more tokens, the greater the weight has the voice.

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