The most comprehensive crypto glossary for Beginner level
The most comprehensive crypto glossary out there.
Token
Digital units issued on the blockchain that can hold value or can be exchanged for assets. The biggest difference between a crypto coin and a token is that coins are the native assets of a blockchain such as BTC, RBTC, or ETH, whereas tokens are created on an existing blockchain, mostly using smart contracts.
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Level: Beginner
Timelock
One of the practical features of Bitcoin, allowing you to program actions according to a number of parameters. It’s a kind of smart contract primitive, which refers to what block height or specific time a particular transaction may be included by miners on the blockchain.
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Level: Beginner
Ticker
A shortcode used to spot a company that issues stocks or securities. In cryptocurrencies, this is a trading symbol or shortened name that refers to a coin or token on a trading platform. For example BTC, ETH, etc.
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Level: Beginner
Throughput
A measurement of how fast a blockchain is able to process transactions. This is typically an indicator of transactions per second (TPS). As a rule, blockchain networks using proof of stake (PoS) consensus mechanisms tend to have higher throughput than those using proof of work (PoW) mechanisms.
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Level: Beginner
This Is Gentlemen
Slang used to refer to positive things currently happening in the cryptocurrency markets.
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Level: Beginner
Third-party storage
A physical or digital storage solution provided and managed by an outside entity such as a bank, centralized cryptocurrency exchange, or web service.
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Level: Beginner
Testnet
An alternative blockchain, usually a fork of the mainnet, that can be used for testing. Testnet coins are separate from native network tokens and should never be of any value. This allows app developers or network testers to experiment without using real funds and worrying about breaking the main chain.
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Level: Beginner
TES (technology-enabled service)
A business can be defined as a 'technology-enabled service' if it uses technology to better deliver the service it provides. For a TES, technology is the primary input, as opposed to labor.
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Level: Beginner
Tokenization
A method of replacing sensitive data with unique identification characters, phrases, or words called tokens. This process preserves all confidential information without compromising the security of the data. It can be used to enhance the security of e-commerce transactions without the additional cost of industry compliance and government regulation.
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Level: Beginner
Total market capitalization
A measurement used to determine the market capitalization of a particular asset or asset class, such as gold. The total market cap of all cryptocurrencies is determined by summing the respective market caps of all individual cryptocurrencies.
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Level: Beginner
Total supply
A number of coins or tokens that currently exist and are either in circulation or locked somehow. It is the sum of coins that were already mined (or issued) minus the total of coins that were burned or destroyed.
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Level: Beginner
To The Moon
A slang that refers to a strong belief that certain cryptocurrency is soon going to rise significantly in price.
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Level: Beginner
Tracking cookie
Small files placed there by "third party" advertisers to track a user's browsing habits. They’re generally considered an invasion of privacy.
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Level: Beginner
Transaction
A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money. In computer programming, a transaction usually refers to a sequence of information exchange and related work.
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Level: Beginner
Transaction fee
Payment to the network for recording the transaction on the blockchain. Confirming transactions on a blockchain requires computing power provided by miners, powerful computers that form part of the network and confirm its transactions. Miners receive a reward for each confirmed transfer, as well as for a block of transactions.
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Level: Beginner