Blockchain bridges are connections between two different blockchain ecosystems that allow the transfer of tokens.
DAO
A DAO is a decentralised autonomous organisation. These organisations are community-led and are powered by the blockchain. Their rules are encoded into the blockchain and cannot be changed unless all members agree.
NFT
NFT stands for a non-fungible token. Unlike cryptocurrencies, they are unique cryptographic tokens stored on the blockchain and cannot be exchanged for another digital asset.
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Learn essential crypto jargon by clicking any of these letters
Aave
A decentralised borrowing platform that runs on the Ethereum blockchain.
Airdrop
A marketing strategy that gives crypto users free coins to encourage product use.
Algorand
Algorand is the first ‘proof of stake’ blockchain network. Their infrastructure is based on decentralisation, security and scalability while keeping environmental sustainability at its core.
AlgorithmÂ
A sequence of instructions (usually for a computer) used to solve calculations or other problem-solving operations.
All-time high (ATH)
This refers to the highest price a particular cryptocurrency has ever reached.
Altcoin
This phrase is short for ‘alternative coin’, which refers to any cryptocurrency other than Bitcoin.
Bear marketÂ
A Bear Market is when shares in the financial market experience a period of prolonged decline of 20% or more.
Binance
Binance is a crypto exchange platform where crypto users can buy and sell currencies. It was founded in 2017 by Changpeng Zhao, also known as CZ.
Bitcoin
This is the world’s first global cryptocurrency, launched in 2009.
Bitcoin miningÂ
Bitcoin miners use software to solve algorithms that verify transactions in the currency. This results in the creation of new blocks. When the block/transaction is solved and confirmed, the miner receives a certain number of Bitcoins as payment.
BlockchainÂ
These are decentralised digital ledgers that cannot be tampered with. They allow users to record transactions in a shared group.
Blockchain Bridges
Blockchain bridges are connections between two different blockchain ecosystems that allow the transfer of tokens.
Bull Market
A bull market is the opposite of a bear market. It is a period where share prices are rising in the financial market.
Casascius Coin
A Casascius coin is a physical version of bitcoin. The coin reflects the unit’s value and is usually made from brass, silver, or gold.
Cascading Liquidations
Cascading liquidations refers to a period in the crypto market where many users are liquidating their assets at the same time. The transactions pile on top of one another and cause price changes suddenly.