Welcome to Crypto Block Daily’s cryptocurrency appendix! This appendix is a comprehensive resource for learning about the terminology and concepts of cryptocurrency.
What is a crypto appendix?
Whether you are a complete beginner or an experienced investor, this appendix covers everything from the basics of blockchain technology to the latest news and trends in the cryptocurrency market. With new terms entering the lexicon of cryptocurrency and A.I. be sure to return to this page often as we’re constantly updating and expanding this page and feel free to use this appendix whenever you need more context to an article shared on Crypto Block Daily.
Crypto Appendix
A-A
Address – A unique identifier for a cryptocurrency wallet.
Altcoin – A cryptocurrency that is not Bitcoin.
ASIC – Application-specific integrated circuit, a type of computer chip designed specifically for mining cryptocurrency.
B-B
Bear market – A period of time when the price of cryptocurrency is generally falling.
Block – A group of cryptocurrency transactions that are verified and added to the blockchain.
Blockchain – A distributed ledger that records cryptocurrency transactions.
Bitcoin – The first and most well-known cryptocurrency.
Bull market – A period of time when the price of cryptocurrency is generally rising.
Byzantine fault tolerance – A consensus mechanism that is designed to be resistant to Byzantine failures.
C-F
Coin – A unit of cryptocurrency.
Cryptocurrency – A digital or virtual currency that uses cryptography for security.
Decentralization – The absence of a central authority or government control.
Delegated proof of stake – A consensus mechanism that allows users to delegate their stake to validators.
Devaluation – A decrease in the value of a currency relative to other currencies.
F-M
Fiat currency – A government-issued currency that is not backed by a physical commodity, such as gold or silver.
Fork – A change to the blockchain protocol that results in the creation of a new blockchain.
FUD – Fear, uncertainty, and doubt, a type of propaganda that is used to spread negative sentiment about cryptocurrency.
Gas – A unit of measurement used to quantify the computational effort required to execute a cryptocurrency transaction.
Halving – A process that reduces the reward for mining cryptocurrency by half.
ICO – Initial coin offering, a type of crowdfunding that uses cryptocurrency.
Lightning Network – A layer-2 payment protocol that enables fast and cheap transactions on the Bitcoin blockchain.
Market cap – The total market value of all the cryptocurrency in circulation.
Mining – The process of verifying cryptocurrency transactions and earning rewards in the form of new coins.
N-P
NFT – Non-fungible token, a digital asset that is unique and cannot be replaced.
Node – A computer that is connected to a blockchain network.
Paper wallet – A physical copy of a cryptocurrency private key.
Proof of work – A consensus mechanism that requires miners to solve complex mathematical problems in order to verify transactions.
P-Z
Proof of stake – A consensus mechanism that requires validators to stake cryptocurrency in order to verify transactions. Pump and dump – A scheme that artificially inflates the price of a cryptocurrency in order to sell it at a higher price.
Ransomware – A type of malware that encrypts a victim’s files and demands a ransom payment in cryptocurrency in order to decrypt them. Rollups – A technique that bundles transactions together and submits them to the blockchain as a single transaction.
Satoshi – The smallest unit of Bitcoin, equal to 0.00000001 BTC.
Sidechains – A separate blockchain that is connected to the main blockchain.
Sharding – A technique that divides the blockchain into smaller pieces, which can be processed in parallel.
Staking – The process of locking up cryptocurrency in order to earn rewards.
Wallet – A digital wallet that stores cryptocurrency.
White paper – A document that provides an overview of a cryptocurrency project.Whale – A person who owns a large amount of cryptocurrency.
The cryptocurrency appendix is a valuable resource for anyone who wants to learn more about this exciting new technology. Whether you are just getting started or you are a seasoned investor, the appendix has something for you.
I hope you find the cryptocurrency appendix helpful. Please feel free to contact me if you have any questions or additions to include.
