Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Steblcoins

These are cryptocurrencies that are universally recognized and attached to traditional fiat currencies, for example, to the dollar. Examples: USDT, USDC, DAI, BUSD, etc. Due to the fact that these cryptocurrencies are tied to stable assets, they are assigned the corresponding name "Stable coins" or "stabiboins".

Other Important Terms

Liquidity

These are assets (tokens) to be sold or purchased on the market without any influence on the basic price of this asset.

Double Spending

With digital currency, there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original.

Sid Fraza

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.

Stakeing

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.

Pamp

This is a sharp increase in the price of an individual asset or market as a whole. Picking/Pimpapy means to artificially increase the price.

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