Glossary A to Z

Explore the world's most informative, crypto and FinTech-related jargon here!

Blockchain Technology

Blockchain technology is a distributed-ledger-based computer-generated network that fosters decentralization and avoids single-point failure of any network.

Decentralized Applications

A decentralized application is an autonomous application that operates on a peer-to-peer blockchain and is focused on enhancing transparency and…

Proof-of-Work (PoW)

The proof-of-work (PoW) mechanism is a decentralized consensus mechanism used by blockchain networks to validate transactions. It indicates the efforts…

Zero-Knowledge Proof (ZKP)

A Zero-Knowledge Proof (ZKP) is a cryptographic method that allows one party (the prover) to prove to another party (the…

API

An API (Application Programming Interface) is a set of rules and protocols that allows different software applications to communicate with…

Utility Token

Utility tokens in the cryptocurrency space are tokens created for a specific purpose within a blockchain ecosystem. They are not…

2FA (Two-Factor Authentication)

2FA (Two-Factor Authentication) is a security process that adds an extra layer of protection to user accounts beyond just a…

Cryptocurrency

Cryptocurrencies, like traditional currencies, are a medium of exchange for goods and services. They are digital currencies created and stored…

XRP Ledger

The XRP Ledger, or the Ripple protocol, is a distributed-ledger network launched in 2012. It is also known as one…

2FA (Two-Factor Authentication) is a security process that adds an extra layer of protection to user accounts beyond just a password.

A 51% attack is a type of strike on a blockchain network where a single miner or group of miners gains control of more than half of the network’s total mining power.

An API (Application Programming Interface) is a set of rules and protocols that allows different software applications to communicate with each other.

Bitcoin is the earliest digital cryptocurrency used for Peer-to-Peer, encrypted transactions without the need for a central entity.

Blockchain technology is a distributed-ledger-based computer-generated network that fosters decentralization and avoids single-point failure of any network.

Business Process Management (BPM) is a strategy that automates repetitive and complex workflows within an organization to ensure smooth and efficient business operations.

The California Consumer Protection Act (CCPA) is a legal framework applicable to the residents and business owners in the state of California (USA).

A centralized crypto exchange (CEX) is a platform that enables users to securely buy, sell, and trade cryptocurrencies under the supervision of a centralized authority.

Copy trading is a specialized form of social trading where novice traders replicate the trades of professional and successful traders.

Cryptocurrencies, like traditional currencies, are a medium of exchange for goods and services. They are digital currencies created and stored on a blockchain, such as Polygon or Ethereum, and secured by cryptography.

Data encryption is a security procedure in which readable data is converted into unreadable data. The converted data can be in the form of a code, cipher, or any other format that can only be read by users having access to encryption keys or passwords.

A decentralized application is an autonomous application that operates on a peer-to-peer blockchain and is focused on enhancing transparency and security.

A decentralized exchange (DEX) is a peer-to-peer platform that enables the trading of cryptocurrencies and non-fungible tokens (NFTs) without relying on a central authority.

Decentralized Finance (DeFi) is a rapidly growing innovation within the cryptocurrency exchange and financial services sector. What sets DeFi apart is its lack of a central governing authority.

Distributed Ledger Technology (DLT) is a digital framework designed to record and verify information across a decentralized network. While it has potential use cases across various industries, it is most widely adopted in the decentralized finance (DeFi) space.

Encryption is a method of securing data by converting readable information into an unreadable format using mathematical algorithms and keys. This process ensures that only authorized users with the correct decryption key can access the original content.

ERC 20 stands for Ethereum Request for Comment 20. It has established a standard for fungible tokens, which must be included in the smart contracts on the Ethereum blockchain.

eWallet is a digital alternative for storing money, debit, and credit cards to use them for payments for products and services with a single click on a mobile or computer device.

The Fibonacci sequence is a series of natural numbers in which the ratio of a number to its immediate successor is approximately 0.618. In crypto trading, Fibonacci levels are widely used as key support and resistance indicators.

FinTech is an amalgamation of Finance and technology, and it refers to the utilization of advanced technology and innovation in delivering financial services and products to users.

Forex trading, also known as foreign exchange trading, involves the simultaneous buying of one currency and selling of another to profit from fluctuations in their exchange rates.

Form Validation is the process of checking user inputs in forms to ensure they are accurate and complete before submission. It helps catch errors early, making sure data like emails, phone numbers, and required fields follow the correct format.

A futures contract is a legally binding agreement between two parties to buy or sell a specific asset or commodity at a predetermined price on a set future date. They are commonly applied in areas such as financial futures, agricultural products, currencies, and energy commodities.

The word GameFi is a combination of two words: Game and Finance. The words Game and finance refer to online gaming and decentralized finance, respectively. GameFi allows people to earn valuable rewards in real life while playing, unlike traditional games, where the assets and rewards earned are useless in the real world.

GDPR is an acronym for General Data Protection Regulation, which is a European Union (EU) regulatory framework that protects user privacy, provides them with security from breaches, and enhances transparency.

Hardware wallets are crypto wallets in which users' private keys are stored in external devices such as USB or Bluetooth devices.

The word 'immutable' means that the data can not be altered by anyone once it is created. Immutability is the real strength of distributed ledger technology. All data and information shared on the blockchain are stored in blocks and validated by nodes.

JavaScript (JS) is a programming language primarily used for developing web applications. JavaScript was inspired by two programming languages: Java and Scheme, which is a minimalist dialect of Lisp.

KYC is the building block of cryptocurrency regulations because service providers (VASPs) can use the KYC mechanism to determine their users' authenticity as citizens of any specific region or country.

Liquidity in crypto exchanges represents the ease with which assets can be bought and sold without any substantial variation in the price.

A multi-signature wallet is a digital wallet in which private keys are held by more than two people or, as its name suggests, multiple people. This ensures that no single person has complete authority over the shared assets.

Non-fungible tokens are tokenized digital assets, including digital art, photographs, paintings, audio clips, or any other art form. They are stored on the blockchain and have a unique digital signature that defines them and makes them different from others.

An open-source blockchain is a blockchain platform whose source code is publicly available for anyone to inspect, modify, and distribute. The platform is not controlled by a central entity but rather by a community of developers.

Penetration testing, also known as a pen test, is a security test in which a simulated cyberattack is launched to identify vulnerabilities and loopholes in a computer system.

A private key, similar to a password, is used to access a digital crypto wallet and also proves the ownership of the private key holder of blockchain assets. It is a unique alphanumeric code generated by a cryptocurrency wallet.

Proof-of-Authority is an energy-efficient consensus algorithm that focuses on trustworthy and selected validators to add new blocks to a private blockchain network.

The Proof-of-Stake mechanism is a blockchain consensus algorithm that focuses on the principle of staking. Solana, Cardano, and Tezos utilize the PoS mechanism.

The proof-of-work (PoW) mechanism is a decentralized consensus mechanism used by blockchain networks to validate transactions. It indicates the efforts of the miners to solve a mathematical puzzle necessary to add new blocks to the blockchain network.

A public key is a cryptographic key used for encrypting and decrypting sensitive information. Public keys are pieces of information that scramble data, which can be unlocked by a specific algorithm designed to unlock it.

Quality Assurance (QA) is a systematic approach in software development aimed at ensuring the final product meets expected standards of quality and performance.

REST API (Representational State Transfer Application Programming Interface) is a method for enabling communication between client and server using standard web protocols like HTTP.

Smart contracts are digital agreements stored and signed using blockchain technology. They are designed to self-execute when the required terms and conditions are met.

Social trading is a broader concept that includes various forms of interaction and strategy sharing, whereas copy trading is a specific form of social trading focused solely on duplicating trades.

A cryptocurrency token is a digital asset created on an existing blockchain network. These tokens represent a form of value, determined by market demand, and are built using distributed ledger technology.

Tokenomics combines the words ‘token’ and ‘economics’ and refers to the study of the economic ecosystem in the blockchain and cryptocurrency landscape.

Utility tokens in the cryptocurrency space are tokens created for a specific purpose within a blockchain ecosystem. They are not considered financial instruments; therefore, they are not subject to the same regulations as securities.

Volatility is a measure of the price fluctuations of an asset, indicating whether its value is increasing or decreasing. Volatility can be both beneficial and detrimental to investors.

A crypto wallet is a type of digital vault where people store public and private keys needed to perform transactions of cryptocurrencies. These wallets are safe, easy to use, and have multi-platform support.

A wallet address is a unique combination of letters and numerals that works as the email address of a digital wallet. In the cryptocurrency landscape, it is used to send and receive cryptocurrencies and Non-fungible Tokens (NFTs).

Web 3.0 is the amalgamation of the Internet with the concepts of decentralization and evolution from Web 2.0. It eliminates the need for a central entity and empowers users to control their data.

The XRP Ledger, or the Ripple protocol, is a distributed-ledger network launched in 2012. It is also known as one of the oldest blockchain networks. XRP is the utility coin of the Ripple protocol.

Yield Farming is a method for maximizing profits in the cryptocurrency market by lending or staking cryptocurrency assets. In this process, users are rewarded for providing liquidity to decentralized finance (DeFi) protocols.

A Zero-Knowledge Proof (ZKP) is a cryptographic method that allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any information beyond the validity of the statement itself.

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Smart Contracts

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Centralized Exchange

Spot Trading

Derivative Trading

Convert

OTC Simple

Collateral

Futures Contracts

Exchange

Cryptocurrency Exchange

P2P Exchange

Derivatives Exchanges

White Label Exchange

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Trading Bots

Gaming

Interactive NFTs

NFT Marketplace

Game NFT Earning

Play-to-Earn Models

Blockchain Gaming SDKs

Cross-Game Asset Interoperability

Whitelabel

UI/UX

Trading Engine

Wallet Integration

Security Features

Liquidity Management

API Integration

Fintech

NEO Banking Software

Financial Inclusion

Cybersecurity in Finance

Enterprise Solutions

Forex, Stock and CFD’s Exchange

Glossary A to Z

Trending Terms

Blockchain Technology

Decentralized Applications

Proof-of-Work (PoW)

Zero-Knowledge Proof (ZKP)

API

Utility Token

2FA (Two-Factor Authentication)

Cryptocurrency

XRP Ledger

2FA (Two-Factor Authentication)

51% Attack

API

Bitcoin

Blockchain Technology

Business Process Automation (BPA)

CCPA

Centralized Exchange (CEX)

Copy Trading

Cryptocurrency

Data Encryption

Decentralized Applications

Decentralized Exchange (DEX)

Decentralized Finance (DeFi)

Distributed Ledger Technology

Encryption

ERC-20

eWallet

Fibonacci Retracement

FinTech

Forex Trading

Form Validation

Futures Contracts

Simplifying IT
for a complex world.

Simplifying IT
for a complex world.