Basic cryptocurrency terms

Airdrop is a free distribution of tokens.

Altcoin is any cryptocurrency other than bitcoin.

ATH, (All Time High) — the maximum price of the asset for all time.

Bears — Traders who play for a fall in the price of an asset, counting on its decline.

Bitcoin is the first cryptocurrency in the world.

Body of the candle is the gap between the opening and closing prices of the timeframe.

Block is a volume of information that stores data about the operation of a cryptocurrency platform combined with other blocks.

Blockchain is a ledger of cryptocurrency transfers that links blocks.

Bulls are bullish traders who expect the price to rise.

Bubble is a trade in large volumes of assets at a price that is significantly different from the fair one.

CEX is the abbreviation for Centralized Exchange.

Commission - the fee charged for the operation. Rewarding a liquidity provider for processing cryptocurrency transactions.

Crypto is an abbreviation for the word "cryptocurrency". Alternative digital asset.

Cutlet, a large amount of money.

Cold storage is the most secure storage of cryptocurrencies without Internet access.

DAO is a decentralized autonomous organization. The type of companies that do not have owners and central governing bodies. Each participant is its co-owner, and the relationship between them is regulated by algorithms (smart contracts).

DApp — An open source decentralized application without a single point of failure, and generating tokens using crypto algorithms.

Defi — or "defay" from the English abbreviation DeFi "Decentralized finance", the field of decentralized finance

Deflationary token is a cryptocurrency with a decrease in circulating supply.

Decentralization — the absence of a central governing body, the interaction of network participants without intermediaries.

Depo is short for deposit.

Dex — from English. "decentralized exchange" decentralized exchange.

Digital Signature — a code generated by an encryption algorithm. It is attached to a transaction to verify that its contents are unchanged and to identify the sender.

Dump is an artificial decrease in the value of an asset by large market players through a mass sale of tokens

Drain is a significant decrease in the value of a cryptocurrency, usually provoked by bears.

Farm is a set of equipment for mining crypto-currencies united in one network. Or a section of the exchange where people are rewarded for providing liquidity.

Fiat is traditional currencies.

FOMO — (Fear Of Missing Out), fear of missing out.

Fork is a branch of a cryptocurrency, the creation of a separate digital asset based on the previous one.

Grandfather (slang) — the first and oldest cryptocurrency — bitcoin.

Halving is a halving of the reward for each created block in the Bitcoin network. Occurs every 210,000 blocks added (about once every 4 years).

Hard forks are innovations in the blockchain algorithm.

Hedging is risk insurance against cryptocurrency price fluctuations in the market by opening transactions of the opposite position in another market.

Hodl — long-term storage of currencies. It is a meme term derived from a misspelling of the English "HOLD".

Hamster is a newcomer to the world of cryptocurrency, who wants to make money quickly, makes decisions on emotions and loses money because of this.

Inflationary token — cryptocurrencies, the number of which is constantly increasing

ICO / IDO / IEO / IFO — pre-sales of the token before the main listing

Ledger is a popular hardware (cold) wallet for storing cryptocurrency.

Liquidation is the forced closing of a trader's position by the exchange when trading with leverage, occurs when the market participant has no funds to keep the position open.

Liquidity - the presence of tokens of value on the exchange to provide trading opportunities for market participants.

Long (from English - long) - the acquisition of some cryptocurrency with the expectation of its growth.

Marginality (abbreviated margin) - in cryptocurrencies - a game on the stock exchange with leverage.

Metamask is a popular cryptocurrency wallet and browser extension.

Mining is the release of a cryptocurrency by a miner by adding new blocks to the blockchain. This is how mining-backed coins are issued.

Nodes are network nodes, computers connected to the network with the client turned on, storing copies of the blockchain.

Order is an offer on the exchange to buy or sell an asset.

Panicsale is the sale of an asset by inertia due to the fear of losing the funds invested in it.

Pump is an artificial increase in the value of an asset through its massive buying.

Pending — lack of confirmation of the transaction, waiting for its completion.

Private key is the key to the cryptocurrency wallet. It is required to access it.

Public key is the address of the cryptocurrency wallet where crypto assets are stored and sent from.

Liquidity pool is a smart contract containing locked tokens provided by platform users.

Reversal is a change in the market trend from a downtrend to an uptrend or vice versa.

Swing — ups and downs of the course in a short period of time

Swap is a defi app for exchanging cryptocurrencies.

Scam is a fraudulent project that has stopped fulfilling its obligations to investors.

Sideways trend. This is a very weak exchange rate movement without a significant change in value.

Shaving is manipulation of the asset rate on the market, provoking the user to sell assets at a loss. Whales usually shave hamsters.

Smart contract is an algorithm that provides automatic execution of transactions in blockchains.

Spread is the difference between the extreme selling and buying price of a crypto asset.

Stablecoin is a cryptocurrency pegged to a fiat currency.

Shadow of a candlestick is an indicator of the minimum and maximum exchange rate of a cryptocurrency over a period of time.

Shitkoin — an insulting expression towards altcoins of no value.

Short is the sale of a cryptocurrency in case of its upcoming fall.

Timeframe — a time interval on the exchange chart.

Token is a digital cryptocurrency asset, an alternative currency.

Transaction is an operation to transfer cryptocurrency from one account to another.

To the Moon — translated from English as “flight to the moon” and means the rapid growth of the course above the historical maximum.

Volatility — exchange rate fluctuations.

Whale is a major market participant capable of influencing it

Wallet is an application that stores and sends cryptocurrencies.