Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Dior or Dayor

The abbreviation, which stands for "conduct your own research." This term is used in cases where it is recommended to independently study the project, get acquainted with its white paper, see ratings on various aggregators, etc., and not to believe the word for other investors.

Other Important Terms

ATL

The minimum value of the price for token for the entire period of its existence.

Transaction Fee

These are commission fees that the user pays to miners or validators of the network for various transactions and transactions. The commission is paid using the native tokens of a particular network, for example, on the BSC network for transactions, you need to pay in BNB.

Pool

1) Mining Pool (Mining Pool) is the association of miners in order to simplify the production of cryptocurrencies. 2) Poole as a common fund. Investors create similar funds, invest their resources (this is not necessarily money, possibly investing their own time) in this fund and on behalf of the fund invest, for example, through tokens. The allocation won is distributed between the participants in the pool in proportion to the invested resources.

Keith or Vail

This is an experienced crypto investor that owns large volumes of cryptocurrency assets.

Block explorer

A block explorer is an online service to track blockchain transactions. It usually is a website where you can see all the new blocks that are being created. You can also search for transactions and wallet addresses. The best-known block explorers are blockchain.info for Bitcoin and etherscan.io for Ethereum.

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