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
1) Mining Pool (Mining Pool) is the association of miners in order to simplify the production of cryptocurrencies.
2) Poole as a common fund. Investors create similar funds, invest their resources (this is not necessarily money, possibly investing their own time) in this fund and on behalf of the fund invest, for example, through tokens. The allocation won is distributed between the participants in the pool in proportion to the invested resources.
This is a profit in various types obtained as a result of investment activities.
This is a format for attracting investments in which the organization sells part of its assets (tokens) in exchange for cryptocurrencies. ICO is an analogue of an IPO in the cryptocurrency market, only instead of shares/bonds are used project tokens.
Who (Wallet Holder Offering) - a type of ICO, which is carried out only by owners of certain wallets
This is a person who interacts with a cryptocurrency industry - invests, engages in trading, performs twinets, etc. Moreover, he does it consciously and constantly develops in this industry.
This is a way of obtaining passive earnings. This method is based on the Proof-OF-Stake algorithm. Its essence is to keep the tokens on the wallet to obtain the right to participate in the extraction of cryptocurrencies. Tokens are blocked for a certain period of time and are used to ensure the activity of the blockchain. The user receives awards for performing these actions. Steering is a kind of analogue of a bank deposit at a certain percentage.
A smart contract is a computer program or a transaction protocol respectively, which is intended to automatically execute, control or document respectively legally relevant events and actions according to the terms of a contract, of an agreement or of a negotiation.
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