Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Node

A computer (server) connected to a blockchain and performing the functions of confirming transactions, creating blocks and storing copies of blockchain. In order for the computer (server) to become a node, it is necessary to install special software.

Other Important Terms

Bullish

Bullish (from the English. Bullish - bull) The term that means optimistic mood and faith in the development of a separate token, project or the entire market.

WAGMI

This phrase is used when a lot of good news comes out and the hope is created that coins will grow. In this state, we hear only good news, not paying attention to the bad

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.

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.

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.

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