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
DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.
This is a wallet that operates in online mode and is used to store cryptocurrencies. Examples: Metamask and Keplr.
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 standard, a certain set of rules that allows developers to create tokens over the Ethereum blockchain. These tokens are known as ERC-20 tokens. The ERC-20 standard is the most common in the cryptocurrency industry today.
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).
These are manipulations performed by some persons in order to spread obviously false or negative information, which will later cause a decrease in the rating of any project, the emergence of distrust of it or will contribute to the fall of the price of token.
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