The most comprehensive crypto glossary for Beginner level
The most comprehensive crypto glossary out there.
QR code
Short for Quick Response, QR codes are a type of barcode that is easy to read with digital devices. They store information as a series of pixels on a square grid. For cryptocurrencies, QR codes are often used to easily share wallet addresses with others.
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Level: Beginner
Google Authenticator
Mobile-based verification software that generates one-time codes based on your cell phone's timer.
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Level: Beginner
Gold-Backed Cryptocurrency
A digital asset whose value is allegedly secured by gold's equivalent price. Generally, each gold-backed cryptocurrency defines a token as having an equivalent value of certain grams or troy ounces of gold, which means that this equivalent is deposited in the vaults or reserves of the company or a trusted custodian as collateralized assets.
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Level: Beginner
General public license
Software that is free and copyleft licensed. Any person may use, read, copy, share, modify, and distribute a computer program or other work under this license.
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Level: Beginner
Gas
The fee for completing a transaction or executing a smart contract on the Ethereum Blockchain. It is used for allocating the resources of the EVM.
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Level: Beginner
Game theory
The process of creating a simplified interactive environment (a 'game') where researchers can model how people and entities are likely to respond to certain actions.
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Level: Beginner
GameFi
This term is an abbreviation of decentralized finance (DeFi) and gaming (gaming). This kind of game is also called play-to-earn (P2E). GameFi is based on blockchain technology, gaming, and a variety of decentralized financial solutions, such as non-fungible tokens (NFTs), yield farming, borrowing, and lending, and algorithmic stablecoins.
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Level: Beginner
Game channels
Blockchain-based gaming is the newest innovation in the world of blockchain technology, as it eliminates the waiting time for confirmation of a block.
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Level: Beginner
Gains
Appraise the value of something. Profits, also called gains, are derived from selling an asset, whether physical or digital, for a higher price than it was originally purchased for.
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Level: Beginner
Extension blocks
Provides users with the option to opt-in to blocks of transactions with different validation rules.
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Level: Beginner
Exit scam
When the creators/promoters of a cryptocurrency disappear with investors’ money after an ICO. Essentially, whales pump the price of coins while advertising and promoting, then dump them later.
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Level: Beginner
Exchange
Trading platform for financial instruments, including cryptocurrencies, commodities, and securities. Alternatively, an exchange may operate on a digital platform or in a real-world facility.
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Level: Beginner
Ethereum transaction
Cryptographically signed instructions for initiating an Ethereum transaction. The simplest transaction is when one ETH account transfers funds to another.
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Level: Beginner
Ether
Payment method used by Ethereum for its distribution application platform. Ether refers to the cryptocurrency that runs on Ethereum - the second-largest cryptocurrency on the planet. Ethereum is the blockchain platform.
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Level: Beginner
Public address
An address in a blockchain network that is used to send and receive payments to/from other parties.
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Level: Beginner