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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

Bitcoin

Bitcoin is a digital or virtual cryptocurrency created in 2009 that uses peer-to-peer technology to facilitate instant payments. Being one of the fundamental crypto tokens that were launched in a decentralized environment, Bitcoin is the big bull of the crypto industry right now.

 

Considered the most expensive cryptocurrency in the market, Bitcoin is symbolized with BTC. Unlike other cryptocurrencies that require a mediator or a central repository in order to perform transactions, Bitcoin can be sent from one user to another over a P2P (peer-to-peer) network.

 

It is one of the most popular cryptos when it comes to mining. As the miners can receive a decent amount of Bitcoins for free via mining. Not to mention that Bitcoin is often criticized by individuals, industries, and platforms for certain reasons. However, nobody can change the fact that BTC is at the top of the crypto industry right now.

Bitcoin is a digital or virtual cryptocurrency created in 2009 that uses peer-to-peer technology to facilitate instant payments. Being one of the fund...

Other Important Terms

Anti-Money Laundering

AML is the abbreviation for ‘anti-money laundering. AML stands for policy and legislation on m...

Smart Contract

A smart contract is a computer program or a transaction protocol respectively, which is intended to...

51% Attack

A ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners&r...

Ethereum

Launched in 2015, Ethereum is the world's programmable blockchain. Like other blockchains, Ethereum...

Airdrop

An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange f...

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