Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Bullish

Bullish (from the English. Bullish - bull) The term that means optimistic mood and faith in the development of a separate token, project or the entire market.

Other Important Terms

Bear Market

This is the period in the cryptocurrency market, which is accompanied by stagnation or falling prices for cryptocurrency assets.

This is a unit of computing work for the implementation of transactions or smart contracts in the Ethereum network. Any action on the Ethereum network requires a certain amount of electricity, computing power and miner time that must be paid. GAS in this case acts as a total indicator - how many resources are required to perform a particular transaction. For example, the execution of a certain transaction requires 21010 GAS, the price of 1 GAS is 6 Gwei or 0.000000006 ETH, then the cost of the transaction will be 126060 GWEI or 0.00012606 ETH.

Pamp

This is a sharp increase in the price of an individual asset or market as a whole. Picking/Pimpapy means to artificially increase the price.

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

IRL

The abbreviation denoting what is happening in real life (outside the Internet) - is used in correspondence or as a hashtag on a tweeter

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