An accelerator is a time-limited program aimed at supporting startup companies with their business operations.
An accidental fork is an unintentional splitting of the mainchain due to a program update error.
An airdrop refers to a process in which a project distributes coins for free to active members of the crypto community.
Algorithmic trading uses automated trading methods which can be carried out via trading-bots, which are programmed to execute commads through the use of algorithms.
When a coin reaches it’s highest price point, the coin is said to be at an “All Time High” (ATH)
The term Altcoin is used to describe alternative digital assets besides Bitcoin.
Altfi is a term used to discern forms of finance that have originated outside the traditional financial instruments offered by banks, financial institutions and capital markets. Crypto’s are a form of Altfi.
AML is a set of laws which are subject to regulations, measurements and procedures designed to prevent individuals from hidding funds that have been obtained without legal transparency.
An angel investor is an individual or group of inviduals who provide funds in the early stages of a business.
Annual Percentage Yield (APY) is a method of calculating the amount of money earned in a money market account over the course of a year.
Anonymization is the act of altering data in a manner in which the identifiers or identity of the owner of the data is anonymized so that the owners privacy is upheld.
Antminer is a popular ASIC, which was developed by Bitmain.
An API (Application Programming Interface) is a set of functions and protocols that are used in the building of an application software.
Because cryptocurrencies trade all around the globe, they are listed on different exchanges, which means they can have different prices on different exchagnes at the same time.
ASIC stands for Application Specific Integrated Circuit. ASICs are devices that have been developed specifically for mining crypto currencies.
If market participants are willing to sell their coins at a certain price, this price is called the “Ask” price (=offered price). In the German-speaking world, the term “Briefkurs” is used.
ATOM (Cosmos) is an interoperable block chain protocol that facilitates the transfer of data between existing block chains.
An atomic swap is when a token is exchanged between two coins on different blockchains.
An Automated Market Maker (AMM) is a system that provides liquidity to an exchange on which it operates through automated trading.
B2b stands for “Business to Business”, referring to corporate relations between companies
When a market is in backwardation, the forward price of a future is below the spot price.
The Federal Financial Supervisory Authority (BaFin) is a German public-law institution of the Federal Government with legal capacity and registered offices in Frankfurt am Main and Bonn.
Bagholder is a term for owners of coins who hold on to them even though the value has declined since acquisition.
Bored Apes Yacht Club (BAYC) is a collection of 10,000 unique non-fungible tokens – digital collectibles that reside on the Ethereum blockchain.
The bear symbolizes declining prices. A bear market describes a marekt where prices are on the down.
Bid is the price at which market participants are willing to buy a coin. The bidder’s price is called the “Geldkurs” in German speaking countries.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Binance Coin is the native token of the Binance blockchain issued by Binance to circulate in the Binance ecosystem (e.g. the Binance online and decentralised exchange). Binance Coin was originally issued as an ERC-20 compliant token on Ethereum. In April 2019, Binance launched its own blockchain and exchanged all existing ERC-20 Binance Coin tokens for Binance Coins on the Binance blockchain.
Binance Coin was created to complement the revenue model of the Binance exchange. Traders and investors can use Binance Coin to benefit from a variety of discounts and promotions on the Binance exchange. The Binance Insurance Fund (also known as SAFU) is denominated in Binance Coin.
Bitcoin is a decentralized network for direct value transfer (peer-to-peer). The concept was designed in 2008 by an unkown group or individual under the pseudonym of Satoshi Nakamoto.
Bitcoin Maximalists are people, who see Bitcoin as the ultimate cryptocurrency and give other currencies little or no permission to exist.
Bitcoin Cash (BCH) is a hard fork from Bitcoin that came into existence on August 1, 2017 and has increased the block size to 8 MB.
Bitcoin Cash (BCH) is a hard fork of Bitcoin (BTC)
Bitcointalk is the largest discussion forum for cryptocurrencies.
On this cryptocurrency exchange fiat money can be exchanged for crypto coins and tokens.
Bitmain sells hardware that can be used for mining.
Bitstamp is a crypto currency exchange where Fiat can be exchanged for Crypto.
A block is a collection of transactions published by a so-called miner, i.e. attached to the blockchain. The goal of each miner is to publish a valid block to receive block rewards or fees.
A block height or the height of a block is a metric used to detail the sequentially added blocks in a given blockchain between any random block and the gensis block.
With some blockchains, only a few nodes can publish a block. These nodes are then called block producers.
The block reward is the reward/compensation a miner can receive for undertaking the computaional work required for creating and adding blocks to the blockchain.
A block is always a collection of transactions. These are published by miners.
A blockchain is a tamper-proof “cash book” organized in a series of linked “blocks” of data. These blocks are added according to a set of special rules (known as Consensus Algorithm). This allows networks of remote physical computers working together to form a single virtual computer.
Blockchain analysis is a process of checking, identifying, modeling, and visually representing data in a cryptographically distributed ledger, also known as a blockchain.
The problem with maximizing the scalability, security, and decentralization of a blockchain is known as the Blockchain Trilemma.
A block explorer is an online blockchain browser that displays the data of individual blocks and transactions in a specific blockchain.
Blockfolio is an app that allows you to track and compare the exchange rates of different cryptocurrencies.
Blocklattice is a data structure that promises some advantages over the blockchain. One of these advantages is, for example, the faster transaction processing for a lower fee.
Block time defines the time it takes to mine a block. Both in bitcoin blockchain and ethereum blockchain, there is an expected block time, and an average block time.
Blox is an app to track and compare the current exchange rate of different cryptocurrencies.
A bonus is the reward received by an investor e.g. in crypto that is usually granted via an early sale/pre-sale, during the initial stages of an ICO for a crypto project. A bonus in this case is effectively a reward for early investment participation.
Some ICOs used to pay users for their support (translations, promoting ICO, finding bugs). This payment is often called a bounty.
A breakout is a sharp and sudden price increase. In rare cases, a breakout can also mean a sharp and sudden drop in prices.
Diese grundlegende Komponente für alle Off-Chain-Protokolle ist für die Sicherheit der Werte entscheidend.
DCR (Decred) is a hybrid proof-of-work and proof-of-stake crypto currency. The project finances its own developments from a decentralised fund. The Genesis block started in February 2016 with a maximum
BTC is the ticker symbol for the Bitcoin.
A bubble occurs when the price of a commodity significantly exceeds the value of the product.
The bull symbolizes growing prices. A bull market describes a market where prices are on the up. Someone who is bullish is a person who expects prices to rise. In a bullish market, prices increase.
A burn reserve details the tokens which have not been distributed during an ICO and as a result, will be “burned” in order to prevent a dilution of the tokens
Buy and sell walls play an important role in trading crypto-currencies and provide information about the market trend of a particular currency.
The buywall can be displayed graphically as a high vertical wall on the bid side in a depth chart. It also indicates a high demand for cryptocurrencies at a certain price.
There are around 26 billion ADA tokens in circulation. The max supply is 45 billion ADA tokens.
The current ADA supply is around 31 billion, leaving 14 billion for network incentives. Cardano incentives compensate for the decline in monetary expansion of the network. Incentives increase as the use of the network increases.
Cardano distributed vouchers for 25.9 million ADA in a public sale from September 2015 to January 2017. Participants could redeem the vouchers for actual ADA coins through Cardano’s native Daedalus wallet. The three entities supporting Cardano’s development received 5.2 billion ADA (11.6% of the total) after Cardano’s Genesis block was mined.
Casper is an update to extend the Ethereum Blockchain. The update is intended to change the consensus mechanism of the Ethereum Blockchain from POW to POS.
CBDC (Central Bank Digital Currency) is the generic term for digital currencies issued by central banks
The CCI30 Crypto Currencies Index is an index dedicated to tracking the 30 largest cryptocurrencies. The 30 largest cryptocurrencies on the CC130 are based on market capitalization.
A centralized exchange is a trading platform for digital assets that is operated by a centrally managed company.
A central ledger is a single archive dedicated to keeping the records of transactions made by a(n) entity(ies). A central ledger is usually controlled by an individual or by a clearly defined group of individuals.
A contract for difference (CFD) is a contract between two parties, typically the “buyer” and “seller”.
Circulating supply refers to the quantitiy of coins that are, at present, in cirulation within the market e.g. held in the hands of the public
Coin burning is the process of permanently removing coins (tokens) from the circulating supply, thereby reducing the overall supply.
Coinbase is a large cryptoexchange and accepts fiat money. Coinbase is regarded as beginner-friendly.
Coinmarketcap (coin market capitalisation) is the current price multiplied by the number of tokens. There is also a cryptocurrency website coinmarketcap.com.
A general term for cryptocurrencies
Cold storage can be a paper wallet or a hardware wallet. Cold Wallet stands for the fact that the private key never comes into contact with the Internet
A cold wallet, unlike a hot wallet, is a wallet that is disconnected from the Internet. Therefore it is much more secure.
A collateral is an asset that a lender accepts as security for the granting of a loan.
A Colored Coin is a metaphor that aims to describe a set of procedures used to represent and manage real world assets/traditional assets via the use of bitcoina nd blockchain technology.
A complementary currency does not have the status of fiat-insured legal tender, but it can complement fiat currencies.
Confirmation describes a function in the blockchain protocol that prevents double spending. If a transaction is sent to a network in a valid block, the transaction receives a confirmation.
Konsens is the German word for consensus. If different parties agree on the current status of the transaction sequence, this is referred to as having a consensus/Konsens.
When a market is in contango, the forward price of a future is above the spot price.
CPU stands for Central Processing Unit and describes the processor, i.e. the hardware component of a normal computer.
Craig Wright used to be a well-known Bitcoin Cash proponent. He also says about himself that he is Satoshi Nakamoto (the founder of Bitcoin).
A very sharp drop in prices is called a crash.
Crowdfunding is a specific form of crowdsourcing, where the funds for an enterprise are, oftentimes raised, via internet campaigns. Examples of a crowdfunding wesbite include Gofundme or Patreon.
Crypto currency is a collective term for any project that uses coins or tokens and uses cryptography for security reasons.
Cryptocurrency Index (CRIX) is an index that is subject to 20 components from crypto markets.
A crypto protocol describes the underlying set of rules upon which technologies such as Dapps are housed.
With the foundation of the first crypto company in Zug in 2013, the foundation stone was laid for a development that probably nobody would have expected. Only five years later, Switzerland is celebrated worldwide as a crypto nation.
A crypto is the short form for a cryptocurrency
CryptoKitties is an online game and DApp that allows players to buy and sell, collect and breed different types of virtual cats.
In the traditional currency market, two currencies are compared with the corresponding price. For example, the US dollar against the euro.
By definition, a digital value can be stored without the help of an intermediary. However, the custody of crypto currencies for institutional investors is difficult to implement. Due to the regulatory nature of their business, the regulations require strict custody methods.
A cypherpunk is an individual who actively calls for the widespread use of cryptography and technologies that facilitate increased privacy, for. socio-political change. Much of the blockchain and bitcoin movements were subject to such Cypherpunks.
This is a supposed scaling method for blockchain, however, a DAG is not even an actual blockchain. Rather, a DAG consists of a so-called “tangle”.
DAML stands for “Digital Asset Modeling Language” and is a new programming language that was first released in April 2016.
Dan Larimer is a programmer who founded Bitshares, Steemit and EOS.
DAOs are examples of what is known as “on-chain governance”.
dApp stands for Decentralized Application. It describes an app that can be controlled via Smart Contracts and is hosted on a public blockchain.
The Darknet is a component of the Internet, but can only be searched by special software. It provides more anonymity, which makes control and oversight more difficult for legislators.
If one tries to make a profit by actively trading cryptocurrencies, one speaks of a day trader.
Organizations with no strict hierarchicial leadership. Ideally these sort of ogranizations are based on a public blockchain in some way or another.
In decentralized systems, users are connected via P2P. A central authority with privileges does not exist.
The DAICO describes a process of decentralized capital investment. Here, investors maintain their ownership of their requested capital from a given project, by approving certain milestones e.g. TAP’s
DeFi stands for “Decentralized Finance” and refers to the ecosystem of financial applications developed on the basis of blockchain systems, a particular example is Ethereum.
The Delegated Byzantine Fault Tolerance (dBFT) or better the “delegated Byzantine fault tolerance” is the consensus method behind NEO
Delegated Proof of Stake was proposed by Dan Larimer as an alternative to the more elaborate Proof of Work algorithm. dPOS is a special type of Proof of Stake.
Delta is a popular cryptocurrency price tracking app.
Democratization of finance is a term used to describe the process by which financial services, products and knowledge become egalitarian thus, available for public use.
A depth chart is a visualization of the bid and ask offers.
In economics, an option refers to a right to buy or sell a specific item at a later date at an agreed price. Options are also referred to as conditional forward transactions and thus belong to the group of derivatives
Decentralized Exchanges (DEXes) in the form of AMMs offer a permissionless trading solution.
Libra, Facebook’s stablecoin project, was recently renamed “Diem”. Some core properties were changed in the process.
This term is mostly used in combination with the Hashrate. It indicates which hashrate is needed to mine a block in a certain period of time.
A digital asset is an asset that has been securitized in a digital form e.g. via a token
A digital asset array is a bundle of digital assets e.g. a token basket holding an array of cryptos.
A digital currency is a form of currency that has no-phsyical form and which is only able to be trasmitted via electronic means.
A digital payment is a computer-based transaction of monies that have been authorized electronically on an electronic device e.g. via a wallet or credit cards.
Digital Real Estates are digital properties in virtual worlds. They represent a part of the metaverse and an asset class of their own.
A digital security is a digital form of security where ownership of an asset can be verified and noted with the use of distributed ledger technology.
A DSO is a security offering that has been undertaken, verified and noted using distributed ledger technology.
A drop in the price is called a dip.
Distributed ledger technology (DLT) describes a technology used for decentralized and distributed documentation of transactions.
Double spending is a phenomen that, until Satoshi Nakamoto solved it, allows individuals holding cryptos to spend the same coin two times
A downtrend is a bearish trend. This means prices tend to become ever lower.
A dump occurs, when an investor or a trader sells so much of a given coin that its price drops significantly.
Early adopter is the term for a person who uses new technologies early on. If someone had an early interest in ether or bitcoin, that person was an early adopter in this case.
EIP-1559 is an upgrade for the Ethereum protocol that solves the problems of volatile gas fees and Ether inflation.
Encryption is the act of encoding a piece of information e.g. a message, into an “encrypted” form, where the message cannot easily be discerned by anyone but the authoring parties of the message.
The EEA is an alliance of organizations intent upon creating standards that would facilitate the harmonization of Ethereum applications.
EOS is a competitor of the Ethereum network. EOS offers free and fast transactions as well as smart contract functionality.
ERC-1400 is a suggested standard for security tokens in order for issuers, investors, KYC providers, digital wallets, crypto-exchanges, regulators and software developers to work together using a shared and identical framework.
The ERC-20 Token is a standard program code that is often used to create tokens within the Ethereum blockchain as part of a smart contract.
ERC-721 is a pseudo-standard for nonfungible tokens which comprises of a set of rules for non-fungible Ethereum tokens.
Environmental, Social, and Governance Investing wird auch als nachhaltiges Investieren, verantwortungsvolles Investieren, Impact Investing oder sozial verantwortliches Investieren bezeichnet.
An ETF usually tracks a specific index 1:1 and therefore offers the investor the same risk/return profile as the underlying asset
Ethereum is a decentralized block chain protocol designed to execute Smart Contracts and build decentralized applications (dapps) on a distributed computer platform.
Etherscan is an Ethereum Blockchain Explorer, a software that allows you to search the Ethereum blockchain for transactions.
Exchange Traded Products (ETPs) are types of securities that represent underlying assets, an index or other financial instruments.
The exchange is the place where you can trade coins for Fiat or for other coins. There are centralized exchanges and decentralized exchanges for this purpose.
An exit scam is a fraud that is completed when a fraudulent actor makes a subsequent “escape”.
A new security feature (Fabric Private Chaincode), developed by IBM and Intel, extends block chain capability and helps increase confidence in high-stakes markets such as wireless frequency auctions.
Coins are issued free of charge via a crypto faucet. This happens until the faucet is completely empty.
A fee is a small number of coins that you have to pay when triggering an action on the blockchain. Miners earn the fees in addition to the block reward.
Fiat currencies are monies issued by the state, such as the euro, dollar or yen. The FIAT currency has no intrinsic value, it is not covered by a physical commodity such as gold or silver.
A Fiat ramp is a gateway that allows users to make payments of fiat monies to a respective account.
Finney is a denomination of Ether and a popular measurement unit of Gas.
A first-mover-advantage is an advantage that a business can have by becoming the first significant player to enter a new market.
The Flappening is a term referring to an event when Litecoin regains its leadership over Bitcoin Cash in terms of market capitalization.
A flash crash is a very sharp drop in price that only lasts for a few minutes and then returns to the previous price level.
If a coin overtakes another coin in its market capitalization, this is called flippening.
FOMO is the abbreviation for Fear of missing out, the fear of missing something, especially huge price spikes in Bitcoin or other cryptocurrencies.
In the case of a fork, a new version splits off from the existing blockchain in order to function as its own network from then on.
Forking is the process of creating two different strands of code, which lead to a fork or a forking on the original code.
FUD consists of three building blocks: fear, uncertainty and doubt.
A fullnode is a node that has downloaded and checks the whole blockchain for its integrity.
Fungibility is the peculiarity that coins cannot be assigned to a previous owner and are therefore easily interchangeable; this is the case with Monero, for example.
Futures are transactions in which a seller undertakes by contract to deliver a commodity or asset to the buyer at a pre-agreed date and price.
The transaction fee on the Ethereum network is called “gas” and is expressed in Gwei (fraction of one ether).
A Gas limit is the maximum amount of Gas an individual user is ready to spend on the Ethereum network for a particular transaction.
The Gas price is the price of a Gas unit denominated in Ether on the Ethereum network.
A Genesis block is the first block of a blockchain. The accounts of the first owners of a coin are also called Genesis accounts.
Git was developed by Linus Torvalds and is an open source version control.
Github allows you to upload computer code to a website and work together on it.
Governance tokens give owners the ability to influence decisions regarding the development and progress of the project.
GPU is the abbreviation for Graphics processing unit and is a hardware part in a normal computer.
Grandfathering is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases
Greeks measure the sensitivity of the value of a portfolio to small changes in underlying parameters. This allows the individual components to be treated in isolation and the portfolio to be rebalanced accordingly
1 Gwei denotes 0.000 000 001 Ether. The gas price is paid in Gwei and if it is increased, the speed of an Ethereum transaction increases.
The Bitcoin Blockreward is halved every 4 years, which leads to lower inflation.
The volume of the maximum number of coins that an ICO will create or sell is called a hardcap.
A hardfork is a permanent deviation from the previous version of the blockchain. Nodes that run on earlier versions will no longer be accepted by the latest version.
A hardware wallet generates private keys offline. Since the wallet is not connected to the Internet, the storage is one of the most secure.
A hash function is a one-way algorithm used to map data of an arbitrary size onto data of a fixed size.
The hash rate is defined as the speed at which a computer can transform any amount of information into letters and numbers of a certain length. This process is called “hash”.
Hashgraph is a distributed ledger technology that functions as an alternative to blockchain
A high is a price that is at a local maximum.
HFT is a form of trading using sophisticated systems to transact a large number of orders at extremely high speeds.
Hodl (often written as HODL) is a slang term in the cryptocurrency community. The term refers to the circumstance of keeping a crypto currency for a long time instead of selling it.
“Hot Wallets” are generally defined as web wallets and other services that can be accessed via a browser or are permanently connected to the Internet.
The “Howey Test” refers to a 1946 case involving the sale of shares in a citrus grove, which the SEC is now using as a precedent to determine whether a digital currency behaves like a security.
Huobi is one of the largest crypto exchanges.
Hyperledger is an umbrella project of the Linux Foundation to promote open source innovations in the field of blockchai
Leveraged trading, or margin trading, is a system that allows a trader to open positions that are larger than his equity
An ICO is an initial coin offering. It is considered to be a cryptoequivalent to an IPO. Instead of shares in a company, ICO coins get issued for investors.
An Initial Exchange Offering (IEO) is a type of crowdfunding for new projects, similar to Initial Coin Offerings (ICO). In contrast to ICOs, however, crowdfunding is not carried out by the teams themselves, but an exchange takes care of it.
The money of industrial investors, i.e. banks, companies or investment funds, is called institutional money.
If different functions can be executed across different blockchains, this capability is called interoperability.
IPFS is a censorship-resistant, decentralized peer-to-peer network that allows users to upload files and websites.
The name IOTA derives from IOT. The asset wants to penetrate the Internet of Things. However, the technology is not based on the blockchain, but on a tangle.
IPO is the abbreviation for Initial Public Offering. This was seen as the traditional equivalent of an ICO.
John McAfee advertises cryptocurrencies quite regularly and is one of its biggest known shills.
Consensus mechanisms are necessary for any blockchain network to maintain the integrity and security of these decentralized systems.
Kraken is a cryptocurrency exchange that allows trading crypto with fiat money.
Know your customer is a legitimacy check of certain new customers for the prevention of money laundering, which is especially prescribed for credit institutions, insurance companies or crypto exchanges.
Today, we commonly refer to three layers of DLT. They form the basic structure for the various blockchain projects and all have a wide variety of functions.
Ledger is the company that manufactures hardware wallets like the Ledger Nano S. This is used to store coins.
Libra is a digital currency proposed by the American social media company Facebook.
The Lightning Network is an “off-chain” or “second layer” scaling solution for cryptocurrencies.
The more liquid a market is, the less effect a purchase or sale has on the price.
Litecoin initiated a 150 coin pre-mine, coins rewarded for mining the genesis block and 2 subsequent blocks, which were initially reserved for project development bounties. Its genesis block was on 10/7/2011.
A long position profit is made when the prices of this position rises.
We speak of a low when the price has reached a relative low.
LRC (Loopring) is an open protocol for building efficient decentralised order book exchanges on Ethereum. LRC released version 1 in December 2017.
A Mainnet is the network, which is mostly used once a project has proved itself on a test network.
Maker fees (stock exchange fees) are paid when liquidity flows into the order book in the form of orders that are not immediately executed.
MakerDAO, the protocol behind the leading over-collateralized stablecoin DAI, is considered one of the most successful decentralized credit protocols.
Margin is used for leveraged trading. Margin is the amount required to open and maintain a leveraged trading position.
The market capitalization is defined by the current price multiplied by all tokens.
The first comprehensive EU regulatory framework for cryptocurrencies (MiCA) creates legal certainty for crypto companies for the first time.
Masternodes are a type of full nodes. They usually have more functions, but usually you have to fulfill certain conditions to run a master node.
Mempool is the abbreviation of Memory Pool, which contains a list of all Blockchain transactions that have been sent to the network but are not contained in any block yet.
Merkel Trees are used in many different applications to ensure the integrity and immutability of data.
Metamask is a browser extension that can be used as an Ethereum Wallet. In addition, you can easily interact with Smart Contracts within the browser.
The Metaverse is a digital alternative to the physical world. Not a game, not a fixed destination, but a digital reality.
A coin that is distributed or secured by mining is called a mineable.
Mini futures belong to the category of leverage products, which also includes warrants
Mining is a process in which transactions for various forms of cryptocurrencies are added to the digital blockchain ledger.
The Mining Fee is a transaction fee that is paid to miners.
Monero is a cryptocurrency makes anonymous transactions possible.
The first trading place for Bitcoin was probably the Mt. Gox exchange in 2010, but its history ended abruptly in 2014. After a theft (hack) of a large part of the clients’ assets in the form of Bitcoins, the exchange was forced to file for bankruptcy.
A Multisignature Wallet is based on several Private Keys. A single Private Key is not sufficient to send or sign a transaction from such a wallet.
Myetherwallet is a popular website, which offers a connection to the Ethereum Blockchain.
NANO is a next generation decentralized digital currency that focuses on eliminating inefficiencies in existing crypto currencies.
Nano is the name of a cryptocurrency that enables free, fast and environmentally friendly transactions. The Nano Ledger is a hardware wallet.
Each blockchain node is a communication point in the network and provides computing power to the network.
A non-fungible token, commonly known as NFT, is a cryptographic asset that represents ownership of something unique and non-interchangeable.
Offchain is the name given to all transactions that are not stored in the blockchain.
OMG (OMG Network) is a new rebranding name (in the past called OmiseGO) OMG is a layer 2 scaling protocol for Ethereum. His proof of concept began in January 2018
Every transaction written to the blockchain is called onchain.
Open interest is the sum of all open positions in a futures or options contract.
Open source is a principle subject to
opennes in which the source code of software is made available to everyone and for any purspose
Options are instruments that include an option right.
Oracles bring off-chain data onto the blockchain for various applications and smart contracts to access. Oracles connect blockchains to the real world, the Internet, and each other.
OTC stands for “Over the Counter”. If a large amount of coins is sold or bought outside of an exchange, it is called over the counter.
A paper wallet is a piece of paper on which the private key or seed words are written. Paper wallets are incredibly safe, but very unsuitable for everyday use. Paperwallets are classified as cold wallets.
A parachain is a simpler form of (a) blockchain, which builds on the security features provided by a relay chain rather than providing its own security.
A payment gateway is a merchant service that authorizes payment processing (credit card, debit card, Paypal, cryptocurrencies etc.) for retailers of any kind, e.g. online businesses, physical stores, restaurants etc.
P2P is decentralized system where all participants are equal within the system and are subject to equal privileges.
Basically, the permaweb is a collection of interlinked documents and applications – just like the traditional web – with the difference that all content is completely permanent. Arweave coined the term with its Blockweave protocol.
A Ponzi Scheme is a scam in which victims are persuaded to invest in ICOs, “cryptocurrencies” or companies when they are not conducting legitimate business.
A premine is when a developer sends a certain number of coins to his own address before official launching the blockchain to the public.
The category “Privacy Coins” includes cryptocurrencies that hide data about their users.
A private key is a complex form of cryptography that allows a user to access a cryptocurrency. Therefore it is an integral part of cryptocurrencies.
Proof of Reserves verifies integrity of crypto exchanges by demonstrating their ability to own and manage all customer assets.
Behind a Proof of Stake (PoS) is a consensus algorithm.
Proof of Work is a consensus algorithm to achieve a global consensus. The algorithm is used by Bitcoin and some other currencies. In contrast to the proof-of-stake approach, miners use a lot of energy to calculate so-called “hashes”.
A public key is the opposite of a private key, because it can be shared publicly without any problems.
In the case of a pump, some whales drive up a low capitalized or low liquid coin immensely within a short period of time. Because of high demand the price rises for a short period of time.
Pump and Dump is a scam, which consists of Pump (price driven up by high demand for low liquid coins) and Dump (price collapses again as demand vanishes).
A race attack is a particular form of attack subject to double-spending, by exploiting information asymmetries. The attacker (payer) launches the attack by supplying a payment transaction to a victim ( the vendor) as we as the network in which the attack is being orchestrated.
Reddit is an American social media platform that provides some very popular discussion forums and also acts as a news aggregator.
RegTech is a new domain within the financial industry that aims to utilize technolgy to make regulatory processes more efficient.
A regulatory sandbox is a supervised space that is open to both authorized and unauthorized companies. The space provides a set of regulations that facilitate innovators to trial their products in an environment void of some or all legal restrictions.
When there is nothing left of an investment and all money has (almost) disappeared, this state is called a rekt.
The relay chain is a blockchain that lends security to attached parachains and ensures secure message-passing between them.
The profit calculation in percent is indicated as ROI and measures the profit in relation to the initial investment.
Reverse convertibles are among the most popular products
Ripple is the currency of the network also called Ripple. In terms of market capitalization, Ripple is one of the most important cryptos.
A roadmap is a plan that defines goals and specifies an exact order on them.
Roger Ver is CEO of Bitcoin.com, co-founder of the Bitcoin Foundation and a strong supporter of Bitcoin Cash.
1 Satoshi = 0 .00000001 BTC
Satoshi Lite is the nickname of Litecoin founder Charlie Lee.
The Bitcoin protocol, which is based on cryptographic principles, was first published in 2008 under a pseudonym called Satoshi Nakomoto.
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.
Scrypt is an algorithm or encryption method that uses a large storage volume and takes a long time to select.
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 security token is a representation of a real asset on a blockchain. It is therefore collateralized with a real asset, for example a commodity, real estate or a share in a company.
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.
STO is an event at which a security token is offered at a set price before being offered on an exchange.
A seed phrase, seed recovery phrase, or backup seed phrase is a list of words containing all the information needed to restore a wallet.
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.
Serum is a decentralized exchange (DEX) on the Solana blockchain
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.
A sidechain is a blockchain that is connected to a mainchain via a two-way bridge.
Before a transaction can be sent, it must be signed with a private key. This happens in wallets in the background and is called Sign.
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.
A Smart Contract is computer code designed to facilitate, verify or enforce digitally the negotiation or performance of a contract. Smart Contracts enable the execution of credible transactions without third parties.
The minimum that an ICO wishes to collect in capital is also called a soft cap.
If the rules of a blockchain changes its backwards-compatibility, this is called a softfork. No new blockchain is created because all the miners follow the upgrade.
A software wallet is a digital wallet that exists as an application on a computer and usually utilizes hot storage technolgy.
Solidity is used to write Smart Contracts, so it is also called a contract-oriented programming language.
If a token is copied to another blockchain, this is called spooning.
The difference between supply and demand price is called the spread.
A cryptocurrency which is deposited with a collateral and therefore should have less volatile properties than conventional cryptocurrencies. They aspire towards a stable price.
In Proof-of-Stake (PoS) networks, participants must provide monetary securities instead of providing computing power in the form of energy as in Proof-of-Work Mining. This process is called staking.
State channels are considered secure transactions amongst distributed ledger technology users that do not occur on the blockchain.
The stock to flow ratio describes the rarity of a good. In addition to gold, it can also be applied to Bitcoin
Ein Finanzprodukt wird zu einem strukturierten Finanzprodukt, wenn mindestens zwei Finanzinstrumente, von denen mindestens eins ein Derivat sein muss, kombiniert werden. Der Begriff „strukturiertes Produkt“ ist als Finanzprodukt mit derivativer Komponente zu verstehen.
Corresponds to the supply, i.e. the number of coins circulating on the market.
The Swiss Digitalday was created in 2016 by the cross-industry initiative digitalswitzerland to strengthen and position Switzerland as a global leader in digital innovation.
Szabo is a denomination of Ether and a popular measurement unit of Gas.
Taker fees are charges that occur when a market participant makes a market limited order that is executed immediately against a limit order that already exists on an orderbook.
The technology used by IOTA as an alternative to the blockchain is called Tangle.
Technical analysis is an observation of historical price movements of an asset.
These observations are used to discuss possible future forecasts. Technical analysis is a frequently used instrument when trading a wide variety of assets.
Telegram is a messenger app similar to Whatsapp, which is very popular in the crypto currency world.
New functions for the Mainnet can be tested in a test net, where the tests take place in a safe environment.
Tether is a crypto currency that tries to represent the value of the US dollar. Tether is probably the best known stable coin.
Ticker symbols are usually three-digit abbreviations within the Exchanges which are to represent the name of the respective currency. Well-known examples are BTC, ETH, XRP, LTC…
A timestamp is a piece of information that identifies the time at which a given event is electronically recorded.
Timestamping is the act of proving that, at a spefic point in time, an event has occured.
Token are mostly Smart Contract generated coins which do not have their own blockchain.
A token basket is a collection of that have been created and bundles together via a smart contract on the Ethereum network. Token baskets facilitate the investing in a collection of digital assets as opposed to investing in single assets.
A token contract is a smart contract on the Ethereum network.
Token gravity is a concept that details how tokens can be expected to move within a given digital ecosystem.
Tokenization has the potential to revolutionize the real economy. Blockchain can improve the liquidity and transparency of large value assets such as prime real estate or famous works of art.
Tokenomics is an umbrella term that inlucdes the words “token” and “economics”
Trace Mayer is an entrepreneur, investor, journalist, monetary scientist and advocate of freedom of expression.
Every trade is a trade, accordingly everyone who trades in cryptos is a trader.
A transaction fee is nothing more than the fee for a transaction. These can be individual and adjust the priority of the transaction. The higher the transaction fee, the faster a transaction is processed by the network.
The transaction speed reflects the time it takes for an individual transaction to complete.
In June 2019, the FATF, the global money laundering regulator, published its guidelines for dealing with virtual currencies. These include amongst others the „Travel Rule“. Introduced in 2012, this recommendation requires the exchange of client data between financial intermediaries.
Trezor is one of the most popular hardware wallets, in this case Trezor is the name of the product.
Kyrptos is called trustless when you don’t have to trust anyone to make the system work.
Unbanked is a phenomen that concerns people who do not have access or do not use banks or financial institutions.
Underbanked is a phenomen that concerns people who do lack sufficient access to mainstram financial services and products that are usually offered by retail banks.
An uptrend is a bullish phase.
A utility token is a token issued in order to fund the development of an IT systems and/or business model and can typically be used to later on purchase goods or services created by the issuer of that token and can thus oftentimes be seen as usage rights.
Vesting is a term used to describe the fact that an asset is fully under the ownership of an investor. Crypto projects often use long-term token release vesting schedules for token sale investors.
The definition of VASP covers a wide range of natural and legal persons acting as VASP financial intermediaries.
Vitalik Buterin is a Canadian-Russian software developer and author. He is mainly known as the co-founder and conceptual inventor of Ethereum.
The volume indicates the total quantity traded.
A cryptocurrency wallet is a tool with which you can interact in a blockchain network. It is ofentimes also called the browers of the blockchain era. Wallets can generate the necessary information to send or receive cryptocurrencies via the blockchain.
A wash trade occurs when a trade is made on exchange that is used to manipulate the market e.g.
Washtrading, i.e. the artificial inflation of trading volumes, is a popular marketing tool of some exchanges in the crypto-market.
If an investor sells directly in the event of a price collapse, this is called “weak hands”.
Whale is the name given to individuals or institutions that possess large amounts of money or cryptocurrencies and use them in commerce to increase or decrease prices.
Whitelisting is the process of explicitly allowing specific identified investors to participate in a token sale.
Documents that explain technical aspects, intentions or strategies of a project.
Brothers Cameron and Tyler Winklevoss, also known as the Winklevoss twins, have been Internet entrepreneurs for a long time.
XVG (Verge) ist eine auf den Schutz der Privatsphäre ausgerichtete Kryptowährung, die früher unter dem Namen „Dogecoin Dark“ bekannt war.
“Yield Farming” generally refers to the provision of liquidity for various protocols in the space of Decentralized Finance (DeFi).
Systeme die zentralisiert sind, sind nicht trustless. Den Authoritäten muss vertraut werden, dass diese ihre Macht nicht missbrauchen.
ZK rollups perform all calculations off-chain and present proof of validity on Ethereum. They differ from optimistic rollups in that no trust is assumed since the proof of validity is processed on the chain.
ZIL (Zilliqa) ist eine in Singapur ansässige Blockchainplattform, die 2017 ins Leben gerufen wurde. Sie war eine der ersten, die die „Sharding“-Technologie einsetzte, um die übliche Blockchain-Hürde der Skalierbarkeit zu
zkSync is a scalable and high-performance layer-2 scaling solution for Ethereum which enables faster and cheaper transactions.
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