The most comprehensive crypto glossary for Intermediate level
The most comprehensive crypto glossary out there.
Confidential transactions
Using confidential transactions, senders can encrypt bitcoin amounts in transactions with random strings of numbers known as "blinding factors."
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Level: Intermediate
Coin mixer
A software service that breaks down funds into smaller sets and mixes it with other transactions. Used to make it difficult for third-parties to trace and track transactions. Since they are used by money launderers and tax dodgers, coin mixers have been banned by centralized exchanges (for interfering with KYC/AML policies and procedures).
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Level: Intermediate
CFTC (Commodity Futures Trading Commission)
A U.S. agency responsible for overseeing and regulating the derivatives markets, which include options, swaps, and futures contracts. Established in 1974, it took over the responsibilities of its predecessor, the Commodity Exchange Authority (CEA).
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Level: Intermediate
Web 1.0
The term used to refer to the first stage of development on the World Wide Web that was characterized by simple static websites. In Web 1.0 data was primarily read-only pages connected with hyperlinks. Also known as “read-only” web.
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Level: Intermediate
Web 2.0
Web 2.0 describes the state of the Internet that has more user-generated content and more usability for end-users than its predecessor, Web 1.0. Web 2.0 is also known as the “read and write” web.
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Level: Intermediate
Web 3.0
Web 3.0 represents the next after Web 2.0 iteration or phase in the evolution of the Web/Internet. Web 3.0 is built on the core concepts of decentralization, openness, and ownership.
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Level: Intermediate
Wei
The smallest possible unit of Ether (ETH). One ether = 1,000,000,000,000,000,000 Wei (1018). The other way to look at it is one Wei is one quintillionth of an ether.
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Level: Intermediate
Whale
An individual or organization that holds a large number of Bitcoins or other cryptocurrencies. Whales can influence the market price by trading large amounts simultaneously.
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Level: Intermediate
Whiskers
The vertical lines that run above and below the body of a candlestick price chart. The whiskers represent the highest and lowest points recorded within the chosen period.
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Level: Intermediate
White hat computer hacker
Someone who uses hacking skills to identify security vulnerabilities in hardware, software, or networks while complying with the rule of law applicable to hacking. A hacker that looks for weaknesses to help you protect yourself instead of exploiting it.
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Level: Intermediate
Censorship resistance
A feature of decentralized cryptocurrency networks like Bitcoin. Decentralized projects like Bitcoin are public, distributed, and do not belong to any nation, company, or individual. As long as a party follows the network protocol, they can transact on the network.
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Level: Intermediate
Whitelabel product
Products that are manufactured by one company and sold by other companies under different brand names. Often related to different digital finance products that can be bought as whitelabel solutions.
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Level: Intermediate
Wholesale banking
Banking services between commercial banks and other financial institutions. This type of banking deals with larger clients such as large corporations and other banks, while retail banking caters to individuals or small businesses.
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Level: Intermediate
Wick
A line on a candlestick chart that is used to indicate where the price of an asset fluctuates in relation to its open and close prices. A vertical line that helps you visualize the upper and lower ranges of price action.
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Level: Intermediate
Candidate block
A block that is being mined by a mining node (miner) to receive the block reward. Candidate blocks can therefore be described as temporary blocks that will either be validated or discarded by the network.
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Level: Intermediate