Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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IEO

This is a format for attracting investments in which the sale of tokens of tokens of a project is organized and controlled by a centralized exchange, for example, Binance.

Other Important Terms

This is a format for attracting investments in which the organization sells part of its assets (tokens) in exchange for cryptocurrencies. ICO is an analogue of an IPO in the cryptocurrency market, only instead of shares/bonds are used project tokens. Who (Wallet Holder Offering) - a type of ICO, which is carried out only by owners of certain wallets

Wall

A huge order for a purchase or sale that can stop, respectively, a growth or fall in the course. It happens that the walls are the manipulation of whales to confuse hamsters.

NFT

These are non -replaceable tokens. Each of these tokens is unique, inseparable and exists in the singular.

51% Attack

A ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners’, who hold more than 50% of the hashrate. In such a situation the ‘miners’ have the possibility to deliberately not confirm transactions or to issue transactions twice (double-spend).

BEP-20

This is the standard of tokens in the BSC blockchain (Binance Smart Chain).

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