Crypto Abecedarium
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Satoshis (sats): The smallest unit of Bitcoin, named after its pseudonymous creator, Satoshi Nakamoto. One Bitcoin is equal to 100 million Satoshis.
Smart Contracts: Self-executing contracts with the terms of the agreement directly written into code. Smart contracts are a key feature of blockchain platforms like Ethereum, enabling automated and trustless execution of contractual agreements.
Stablecoin: A type of cryptocurrency designed to minimize price volatility, often pegged to a stable asset like a fiat currency (e.g., USD). Tether (USDT) and USD Coin (USDC) are examples of stablecoins
Security Token: A type of crypto token that represents ownership or a stake in a real-world asset, such as company shares or real estate. Security tokens are subject to securities regulations.
Scalability: The ability of a blockchain or cryptocurrency network to handle an increasing number of transactions and users without sacrificing performance. Scalability is a crucial consideration for the mainstream adoption of cryptocurrencies.
Seed Phrase: A "Seed Phrase" in the context of cryptocurrency refers to a sequence of words used to generate the private key for a cryptocurrency wallet. This phrase is typically a series of 12 to 24 words, and it serves as a backup and recovery mechanism for the wallet. The seed phrase is generated when a user creates a new cryptocurrency wallet, and it's crucial for securely storing and accessing the funds associated with that wallet
Slippage: In the context of cryptocurrency trading, "slippage" refers to the difference between the expected price of a trade and the price at which the trade is actually executed. Slippage can occur when there is a delay between the initiation of a trade and its completion, leading to the trade being executed at a different price than expected.
"Sharding": It is a technique used in database management and, more recently, in blockchain technology. In the context of blockchain, sharding is a method of partitioning the data and transaction processing workload into smaller, more manageable pieces called shards. Each shard operates independently, and this parallel processing can potentially enhance the scalability and performance of a blockchain network.
"Shilling": It is a term that originated in the context of traditional marketing and advertising, but it is also used in the cryptocurrency and investment communities, often with a negative connotation.
Swap:In the context of cryptocurrency, "swap" refers to the act of exchanging one cryptocurrency for another. This exchange can occur directly between two parties or through a trading platform such as a decentralized exchange (DEX) or a centralized exchange (CEX). Swaps can involve various types of cryptocurrencies and tokens.
Scarcity: in the context of cryptocurrencies refers to the intentional limitation of the supply of a particular digital asset. This limitation is designed to create a sense of rarity and finite availability, influencing factors such as demand, value, and economic dynamics. The concept of scarcity is often applied to both cryptocurrencies and tokens to mimic some characteristics of precious commodities like gold.
"Support Level": in the context of cryptocurrency and financial markets refers to a price level at which a specific asset tends to stop falling and may even experience a bounce or reversal in its downward trend. It is a concept derived from technical analysis, a method used to evaluate and predict price movements based on historical price data.