Crypto glossary

A Binancian is an individual associated with the Binance exchange, including employees, volunteers, users, and supporters.

The first decentralized cryptocurrency, operating on a peer-to-peer network. Introduced in 2009 by Satoshi Nakamoto, Bitcoin allows for the transfer of value without the need for intermediaries like banks or governments.

Bitcoin Core is the primary software for connecting to and maintaining the Bitcoin network, enabling users to run nodes and verify transactions. It includes a built-in wallet for managing Bitcoin holdings securely and is continuously updated by a global community of developers.

Bitcoin dominance measures the proportion of Bitcoin's market capitalization relative to the entire cryptocurrency market.

Bitcoin Maximalists are strong advocates who believe Bitcoin is the only cryptocurrency worth supporting.

Bitcoin Pizza Day is the first real-world purchase using Bitcoin. Celebrated on May 22, it marks when Laszlo Hanyecz spent 10,000 bitcoins on two pizzas.

A Black Swan Event is a rare and unpredictable occurrence that has a significant impact on financial markets and economies.

A block is a digital record book that stores transaction data in a blockchain, linking to previous blocks through a cryptographic hash. Each block ensures the security and integrity of the blockchain by requiring validation through a process called mining.

A block explorer is an online tool that provides detailed analytics on blockchain networks. It allows users to view data on individual blocks, transactions, and addresses.

A block header is a summary of a block in a blockchain. It includes the previous block's hash, timestamp, nonce, and Merkle root.

Block height refers to the number of blocks connected in the blockchain since the genesis block. Each new block adds to the block height, representing the total length of the blockchain.

A reward given to cryptocurrency miners for validating and adding new blocks of transactions to the blockchain. It includes newly minted coins and transaction fees, ensuring miners are incentivized to maintain network security.

A decentralized digital ledger that records transactions across a network of computers.

The Blockchain Charity Foundation is dedicated to using blockchain technology to transform philanthropy and support global sustainable development.

A probabilistic data structure used to test whether an element is part of a set. It allows fast queries with a small chance of false positives.

A blue-chip token is a cryptocurrency with a strong reputation, significant market capitalization, and proven longevity, such as Bitcoin or Ethereum.

BNB is the cryptocurrency issued by Binance, used primarily for trading fee discounts and transaction payments within the Binance ecosystem

A technical analysis tool that helps traders identify market volatility and potential overbought or oversold conditions. By plotting three lines on a price chart, Bollinger Bands provide a dynamic measure of an asset's price movements.

A bounty refers to a reward system designed to incentivize community members for completing specific tasks. Bounties can include activities like promoting the project on social media, creating content, and finding bugs in the software.

A new type of cryptocurrency that allows for the creation and transfer of fungible tokens on the Bitcoin blockchain. BRC-20 tokens use the Ordinals protocol to inscribe data onto satoshis, providing a new way to utilize Bitcoin for various digital assets.

The point at which your investments or trading activities neither incur losses nor generate profits.

A key metric showing how much an asset's price must rise to recover the initial investment after a decline.

A breakout occurs when the price of a cryptocurrency moves above a resistance level or below a support level. Traders use breakouts as signals for entering or exiting trades to capitalize on emerging trends.

BUIDL is a call to actively build and improve the blockchain ecosystem. This term encourages people to contribute rather than just hold assets.

A period where asset prices rise significantly, driven by widespread investor confidence and optimism. During a bull market, investors typically experience higher returns and increased trading volumes.

A buy wall is a large number of buy orders placed at a specific price point in a cryptocurrency exchange.

A candidate block is a temporary block created by miners from unconfirmed transactions, which they attempt to validate to earn rewards.

A candlestick is a graphical representation used in technical analysis to display the open, close high, and low prices of an asset for a specific period.

Capitulation occurs when investors sell their assets at significant losses due to fear and panic during severe market downturns.

Censorship-resistance ensures that a blockchain network remains open and accessible, preventing any external entity from altering or restricting transactions.

A financial institution that manages a nation's monetary policy, controls the money supply, and ensures financial stability.

Central Bank Digital Currencies (CBDCs) are digital forms of a country's fiat currency issued and regulated by the central bank.

The Central Processing Unit (CPU) is the core component of a computer, responsible for interpreting and executing instructions from programs.

A centralized system is one where decision-making and control are concentrated in a single entity or a small group.

A centralized exchange (CEX) is a platform managed by a centralized entity where users can buy, sell, and trade cryptocurrencies.

ChatGPT is an advanced language model developed by OpenAI that generates human-like text based on input.

A cipher is an algorithm used to encrypt and decrypt information. It transforms readable plaintext into unreadable ciphertext to ensure secure communication.

The number of cryptocurrency coins or tokens that are publicly available and actively circulating in the market.

A network of remote servers accessed via the internet, used for data storage, computing power, and various online services. Cloud enables users and businesses to manage their digital activities efficiently without the need for physical hardware.

A type of cryptocurrency that operates independently on its own blockchain.

A secure method of storing cryptocurrencies offline to protect private keys from online threats and cyber theft. By using cold storage, investors can ensure their digital assets remain safe and inaccessible to hackers.

Collateral is an asset offered by a borrower to a lender as security for a loan, ensuring repayment.

A facility where multiple companies store their IT equipment and specialized hardware, providing shared infrastructure and resources.

The Commodity Futures Trading Commission (CFTC) is a U.S. regulatory agency overseeing the derivatives markets, including futures, options, and swaps.

Compound interest allows you to earn on both your initial investment and the accumulated interest over time.

Confirmation time refers to the period it takes for a cryptocurrency transaction to be validated and recorded on the blockchain.

The combination of multiple indicators and strategies to form a more reliable and comprehensive trading plan.

A fundamental method in blockchain technology that ensures all nodes in a decentralized network agree on the same state of the ledger.

The Consumer Price Index (CPI) measures the average change in prices over time for a basket of consumer goods and services. It indicates inflation or deflation in the economy.

Contango and backwardation describes market conditions where the futures price is either higher or lower than the current spot price, respectively.