Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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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.

Other Important Terms

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

Fiat

This is a term denoting traditional money, for example, dollars or yuan.

Hot wallet

This is a wallet that operates in online mode and is used to store cryptocurrencies. Examples: Metamask and Keplr.

Cliff

This is a period of locking tokens. As a rule, tokens are not given to investors all at once, but in several portions - butter. For each butch, the deadlines and the number of tokens are indicated. So temporary segments between the battles can be called cliffs. For example, the conditions of the sank is as follows: 50% of the tokens will be issued in TG (first butch), then cliff (blocking) for two months, then another 25% and again for six months, etc.

Insight

This is a phenomenon, which is a spontaneous finding solution of any problem that arose as a result of

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