Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Listing

This is the process of adding a new token to the exchange, as a result of which token becomes affordable for trading.

Other Important Terms

AML is the abbreviation for ‘anti-money laundering’. AML stands for policy and legislation on money laundering. This prevents illegally acquired funds from being converted into a legal variant. Within the crypto world, it is no longer unusual for AML techniques to be used by exchanges and wallets. This term is often used as AML/KYC, where KYC stands for ‘Know your customer’.

Bullish

Bullish (from the English. Bullish - bull) The term that means optimistic mood and faith in the development of a separate token, project or the entire market.

IGO

A variety of ICO, in which blockchain-game acts as a project

Short

This is a transaction that is carried out in order to earn money to reduce the cost of a cryptocurrency asset. The algorithm of actions is as follows: 1) The trader believes that the price for token x will begin to fall in the near future, so it occupies a certain amount of these tokens on the bail of its own funds and immediately sells tokens X on the exchange 2) then patiently waits until the price for token x falls to a certain mark 3) As soon as this happens, the trader redeems X tokens at a lower price and returns their exchange Profit: The difference between the price of the sale and the purchase price.

Decentralized Autonomous Organizations

DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.

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