Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Account

Excount on the exchange or in the service Multiakacounds (cartoons, cartoons) - several accounts that belong (Athenicated) to one person, but decorated on different people (relatives, acquaintances) Drop (astronaut) - a person whose documents are drawn up by a multi -account Multiakking (cartoon) - an investment (speculative) process that uses multi -accense Abusing (from the English. Abuse - abuse) - use all the capabilities of the system, violating the established rules - for example, multipacing or using bots/scripts

Other Important Terms

ERC-20

This is a standard, a certain set of rules that allows developers to create tokens over the Ethereum blockchain. These tokens are known as ERC-20 tokens. The ERC-20 standard is the most common in the cryptocurrency industry today.

Insight

This is a phenomenon, which is a spontaneous finding solution of any problem that arose as a result of

Smart Contract

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.

Pump and dumps

This is a strategy, the essence of which is to increase the cost of the coin (smell), and then sell, that is, drop the coin (ask).

Double Spending

With digital currency, there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original.

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