Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

Quick Links

Tools

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.

Other Important Terms

Hamster

A beginner, neophyte, a person who has no competencies, skills and experience in the cryptocurrency industry. As a rule, a very naive, lazy and unpromitative, in connection with which it becomes a victim of fraudulent projects in this area.

Wall

A huge order for a purchase or sale that can stop, respectively, a growth or fall in the course. It happens that the walls are the manipulation of whales to confuse hamsters.

Blockchain

Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset.

Gas

This is a unit of computing work for the implementation of transactions or smart contracts in the Ethereum network. Any action on the Ethereum network requires a certain amount of electricity, computing power and miner time that must be paid. GAS in this case acts as a total indicator - how many resources are required to perform a particular transaction. For example, the execution of a certain transaction requires 21010 GAS, the price of 1 GAS is 6 Gwei or 0.000000006 ETH, then the cost of the transaction will be 126060 GWEI or 0.00012606 ETH.

ATH

The maximum value of the price for token for the entire period of its existence. Перевод Microsoft

Cryptocurrency News

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.