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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

2 Factor Authentication (2FA)

2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order to log in, you not only need to enter a password but also a secondary code for extra security.

 

Generally, this code is generated via an authenticator application like Google authenticator. While if you are using the mobile-based authentication feature it will ask you to enter a one-time password (OTP). 

 

2FA is a widely used security method by many platforms. Quickly growing as one of the most popular security measures, two-factor authentication can help you with making your logins and transactions more secure with an additional layer of security.

2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order to log in, you not only need to enter a password bu...

Other Important Terms

Block Reward

The block reward is the payment that is offered to the node that is securing the blockchain. In the...

Bitcoin

Bitcoin is a digital or virtual cryptocurrency created in 2009 that uses peer-to-peer technology to...

Bounty program

Bounties are simple tasks of jobs by the team behind a coin. These can be as simple as joining a Tel...

Cold Storage

Cold storage refers to storing cryptocurrency in a place where the private key cannot be accessed vi...

Decentralized Autonomous Organizations

DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an...

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