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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 domination

This is the ratio of market capitalization of bitcoin to the sum of the market capitalizations of all cryptocurrencies.

Other Important Terms

Market Order

Order (application) for quick purchase/sale at the current market price. For example: a market order for sale will correspond to the cheapest limit order for a purchase available in an exchange glass. The warrant will pass throughout the glass until it is closed according to your volume, so do not forget to look at liquidity.

Hodl

This is a crypto -investor strategy entitled "Remove cryptocurrency and keep it, no matter what." This term was formed in distant cryptocurrency times, when one of the users of the network made a typo in the word "Hold" (hold). The story was encouraged and became a meme, and the word migrated to the slang of the crypto -investor. It is permissible to use both options: Hold and Hodl. Holding (worthwhile) means holding cryptocurrency on the wallet and not selling. Holder (Kholer) an investor who adheres to this strategy.

Cold Storage

Cold storage refers to storing cryptocurrency on a place where the private key cannot be accessed via the internet. This can be done on a hardware wallet, paper wallet or software wallet in an offline environment.

Wrapped token

This is a copy of any token transferred from one blockchain to another. There are many blockchains in the cryptocurrency industry: Bitcoin, Ethereum, Cosmos, Avalanche, etc. Blockchains are deprived of the opportunity to "understand each other": everyone acts according to their own rules and speaks their own language. Each blockchain has its own Native token - a coin that is used to pay for the commission: for the Bitcoin network, this is bitcoin (BTC) for Ethereum - ETH For Cosmos - Atom For Avalanche - Avax If you want to carry out any actions, for example, send a USDT tokens to the EThereum network to another wallet, the commission will have to be paid in ETH tokens if Avalanche is an AVAX commission, etc. However, if you decide to send your USDT from Ethereum to Avalanche, your USDT will be lost. Why? Because USDT on the Ethereum and USDT network on Avalanche is not the same thing, because we remember that each blockchain lives according to its own rules. And what to do if you urgently need to send your USDT from one network to another? For these purposes, cross -miners were invented - special applications that allow you to translate tokens from “one language to another”, that is, from one blockchain to another. In one network, the token is blocked, and in another - a copy is created that does not lose its original value. For example, if you transfer BTC from the Bitcoin network to Ethereum, it will become WBTC, i.e. wrapped.

Cup

The table of the nearest orders for the purchase and sale of an asset that you can see on any exchange or trading platform. Lyvyun in a glass/drain - "flip" - sell on a market -order, in market censer

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