Crypto Glossary

A decentralised borrowing platform that runs on the Ethereum blockchain.

A marketing strategy that gives crypto users free coins to encourage product use.

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.

A sequence of instructions (usually for a computer) used to solve calculations or other problem-solving operations.

This refers to the highest price a particular cryptocurrency has ever reached.

This phrase is short for ‘alternative coin’, which refers to any cryptocurrency other than Bitcoin.

A Bear Market is when shares in the financial market experience a period of prolonged decline of 20% or more.

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.

This is the world’s first global cryptocurrency, launched in 2009.

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.

These are decentralised digital ledgers that cannot be tampered with. They allow users to record transactions in a shared group.

Blockchain bridges are connections between two different blockchain ecosystems that allow the transfer of tokens.

A bull market is the opposite of a bear market. It is a period where share prices are rising in the financial market.

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 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.