The most comprehensive crypto glossary for Beginner level
The most comprehensive crypto glossary out there.
Wallet
A digital wallet that allows users to store, manage, and trade their cryptocurrencies. Different types include software wallets, hardware wallets, and paper wallets.
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Level: Beginner
Watchlist
A personally defined list of values to watch over for activity or changes. Also, it’s a feature of some websites where users can create their own lists of cryptocurrencies to follow.
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Level: Beginner
Lambo
A shorthand slang for the exotic car, Lamborghini, which has been the dream car of the crypto community that they aspire to buy if and when their digital assets rise exponentially in the future.
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Level: Beginner
In the money
The expression used when the market price is higher than the strike price in an options contract.
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Level: Beginner
Internet meme
A humorous image, video or a short text that gets viral on social media usually in a short period of time. Memes are usually satirical, which tend to mock something that a community commonly experiences.
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Level: Beginner
Interest rate
The rate at which an individual or institution earns or pays money over a specific amount of lent or borrowed capital during a specific period. An interest rate is generally expressed in annual percentage terms in terms of its cost.
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Level: Beginner
Institutional investor
A company or any other legal entity that trades their clients’ funds in the market on behalf of them. Hedge funds, pension funds, and commercial banks are some of the prominent institutional investors in the investing ecosystem.
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Level: Beginner
DYOR (do your own research)
Reduces uninformed investment in cryptocurrencies. Researching and understanding a cryptocurrency before investing will enable them to answer why they are investing in that currency and supporting that project.
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Level: Beginner
Distributed ledger
Decentralized ledgers that store data across a network of nodes. There are different types of distributed ledgers, including permissioned and private ledgers.
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Level: Beginner
Digital asset
Digital representations of valuable things. A distributed ledger can assist in verifying and registering this value by tokenizing it and resulting in tokens representing either full or partial ownership.
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Level: Beginner
Digital art
Media and art created with digital technology. The Ethereum blockchain network, which is typically used by NFTs, has made digital art more valuable and desirable than ever. The cryptocurrency community has developed entire digital art marketplaces to sell digital memorabilia, including art and media.
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Level: Beginner
Digital
Ability to generate, store, as well as process data in two states, positive or negative. Positive information is expressed or represented using the number 1 while negative information is expressed or represented using the number 0. Digital data is transmitted or stored as a string of 1s or 0s.
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Level: Beginner
Deflation
When prices for goods and services are declining, the economy is in deflation. A deflationary cryptocurrency refers to the kind of cryptocurrency with a depreciating supply in coins through burning or halving events. As the number of coins issued decreases, the value rises.
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Level: Beginner
Decentralized network
A set of interdependent but distinct elements that interact with one another without the need for centralized power or servers. Communication between nodes is enabled without a central authority to monitor it, thus enabling the decentralization element.
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Level: Beginner
Decentralization
Embedding control of a system in many equal locations that can act on a peer-to-peer basis.
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Level: Beginner