Wallet address
A unique string of letters and numbers that functions like an email address.
Wallet
A software application or hardware device that manages private keys. These keys are needed to access the specific blockchain address to which a user’s cryptocurrency belongs.
Airdrop
Free distribution of cryptocurrency. Developers want to generate awareness of the cryptocurrency being airdropped to help drive adoption.
Altcoin
Not Bitcoin
Bear market
A sustained decrease in prices.
Bull market
A sustained increase in prices.
DeFi
An abbreviation of ‘decentralised finance’.
Dapp
Short for ‘decentralised application’. Dapp is a program that is running on a blockchain.
Fiat currency
Money that is declared legal tender by a government.
HODL
A deliberate misspelling of ‘hold’, the phrase originated in 2013 when a user posted to the Bitcoin Forum message board, “I AM HODLING.” It is used to reinforce a long-term outlook by cryptocurrency owners.
Long
Investors who buy a cryptocurrency with the expectation to sell it at a higher market value in the future.
Short
Investors and traders—known as short sellers—who believe the market value of a given cryptocurrency will decline in the future
Mining
The process of verifying transactions and recording them on a blockchain.
Transaction fee
An amount of cryptocurrency included in a transaction that is collected by a miner of cryptocurrency. Transaction fees incentivise miners to process transactions.
FOMO (fear of missing out)
Refers to the anxiety that one feels when they believe they’re missing out on a potentially lucrative investment or trade opportunity.
Rug-pull
A malicious operation where the creators of a cryptocurrency withdraw liquidity and run away with investor funds.
Slippage
The difference between the expected price of a trade and the actual price at which it executes.
Technical analysis
The process of forecasting the direction of an asset’s price movements by relying on historical price and volume data.
Web3
Describes the vision of a serverless internet or decentralised web. That is, a version of the internet where each user is in control of their own data and identity.
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