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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

Bounty program

Bounties are simple tasks of jobs by the team behind a coin. These can be as simple as joining a Telegram channel or by (re)tweeting. It could also be a bit more difficult like a translation job for example. The participants receive rewards in the form of coins in exchange for completing these bounties. The speed of completing bounty tasks depends on the task difficulty. Not to mention that some tasks can take hours to complete. Bounty programs are basically run for marketing and spreading awareness regarding the crypto launches. Usually, the bounty programs are initiated during or after the initial coin offering events.

Bounties are simple tasks of jobs by the team behind a coin. These can be as simple as joining a Telegram channel or by (re)tweeting. It could also be...

Other Important Terms

Decentralized Autonomous Organizations

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

2 Factor Authentication (2FA)

2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order t...

Smart Contract

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

Double Spending

With digital currency, there is a risk that the holder could make a copy of the digital token and se...

Altcoin

There are tons of different cryptocurrencies available in the market. However, they are divided into...

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