Kyrptos is called trustless when you don’t have to trust anyone to make the system work.
Author: Editorial Office CVJ.CH
The SAFT is an agreement which conveys rights for tokens before the development of the tokens functionality. SAFT ensures that the delivery of the tokens to a given investor, once the functioning application of the token is fully developed.
Satoshi Lite is the nickname of Litecoin founder Charlie Lee.
Many cryptocurrencies have problems to execute many transactions within a short time and keep them cheap as well. This should be solved as intelligently as possible, which is why there are many scaling solutions, first as well as second-layer solutions.
A scam is a fraud or rip-off, which was unfortunately true for many ICOs.
SEC is the abbreviation for the Securities and Exchange Commission. It is an American (stock exchange supervisory) authority which, among other things, ensures that investors are protected against potential fraud.
A seed phrase, seed recovery phrase, or backup seed phrase is a list of words containing all the information needed to restore a wallet.
A security token is an investment mechanism that shares identical characteristics of a traditional security, i.e. the security token is purchases in the anticipation of future profits in the form of dividends, revenue share or price appreciation.
Segregated Witness, also known as SegWit, is an update to the Bitcoin network that provides more block space and simplifies compatibility between Bitcoin and the Lightning network.
If many sales orders are placed at a certain price, this is referred to as a sales wall.
SHA-256 is the hash function used in Bitcoin, which encrypts wallet names among other things.
If a chain is divided into several separate shards, this is called sharding.
A Shill is a person who advertises (pays for) a crypto currency. The goal of such a Shill is to trigger FOMO.
“Shitcoin” is a pejorative term used for allegedly bad coins. There are no objective criteria, generally people refer to altcoins as shitcoins if they see no benefit or long-term future in them.
If a position is short, it generates a profit as soon as the price falls.
If there is a rapid increase in a price due to a lack of supply and excess demand, this is referred to as a short squeeze.