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
This is a special application or site that allow you to get a certain number of so -called test tokens on your wallet and use them in the future to perform various tasks, for example, twisters.
This is a way of obtaining passive earnings. This method is based on the Proof-OF-Stake algorithm. Its essence is to keep the tokens on the wallet to obtain the right to participate in the extraction of cryptocurrencies. Tokens are blocked for a certain period of time and are used to ensure the activity of the blockchain. The user receives awards for performing these actions. Steering is a kind of analogue of a bank deposit at a certain percentage.
This is the format of crowdfunding of cryptocurrency means, which allows you to purchase project tokens at low prices and in the early stages before they are available for a wide audience of users on trading floors.
Pre-Eed Round (Pre-SID stage) is the earliest stage of financing of the project, in which only partners and large funds at the lowest price of token participate, but with the highest risks
SEED/Strategic Round (SID/Strategic round) - the next stage at which the price of token is higher, but the risks are lower, because the degree of development of the project is better (as a rule is MVP) - only funds and partners participate
Private Sale (Private Sale) - small funds, clubs of investors, media partners are involved, distinguish direct allocations for influents - the price of token is even higher and the risks below. Large projects with TIR1-2 funds rarely use privat
Public Sale (public round) - public sail to buy in front of listing for everyone - the price of token is maximum, risks minimal
Community Sale (community Round) - Sale for participants in a particular community
HOLDER SALE (round for holders) is a sail for holders of certain
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.
This is an application for the purchase or sale of token at the price in advance by the buyer or seller.
This is a set of 12–24 words in a certain order that generate private keys for wallets according to various algorithms. This phrase must be stored very reliably and not showed anyone.
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