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
Quick Links
Tools
Airdrop
An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange for a small task, such as subscribing to a newsletter, sending a tweet, or inviting other people via a personal affiliate link. You can think of it as a marketing strategy in order to spread the word regarding new startups and their new cryptocurrencies.
The number of free tokens to be distributed via airdrops is limited. As you already know the airdrops are one type of event where interested users can participate in receiving crypto tokens for free. Not to mention the tasks you need to perform for getting the rewards can vary from platform to platform. Despite the fact that some airdrops may be time-consuming, they are one of the best methods to make money with crypto.
An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange for a small task, such as subscribing to a newslett...Other Important Terms
51% Attack
A ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners&r...Block explorer
A block explorer is an online service to track blockchain transactions. It usually is a website wher...2 Factor Authentication (2FA)
2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order t...Decentralized Autonomous Organizations
DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an...Blockchain
Blockchain is most simply defined as a decentralized, distributed ledger technology that records the...Cryptocurrency News