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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

NFT

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

Other Important Terms

GM / GN

Good morning / Good evening -

BEP-20

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

Long

This is a transaction that is carried out in order to earn money to increase the cost of a cryptocurrency asset. The algorithm of actions is as follows: 1) The trader believes that the price for token x will begin to grow in the near future, so he buys a certain number of these tokens on the exchange 2) then patiently waits until the price for token x grows to a certain mark 3) As soon as this happens, the trader sells tokens x at a higher price Profit: The difference between the price of the sale and the purchase price.

TIR

The degree of steepness/reliability/profitability of cryptocurrency funds - for example, TIR -1 is the coolest, shooting room -2 - less cool and so on

Influenser

This is a very famous and authoritative personality in the crypto industry, who is the leader of opinions and affects the minds of many users.

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