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For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms50 shown

AlphaThe earliest runnable stage in the software release lifecycle, used for internal testing, identifying major issues, and gathering feedback for improvements.
B2B liquidity infrastructureBackend services that provide developers with APIs, SDKs, and routing engines to perform price quotation, routing, and settlement across multiple trading venues.
BagholderA person who holds bags for a long time, especially someone who continues holding an asset after it has performed poorly.
BagsAn informal term for the coins or tokens a person holds, often referring to a relatively large holding of a particular crypto asset.
Central bank digital currencies (CBDCs)Government-issued digital currencies representing the digital form of a country's fiat currency.
DAppsApplications that run on a peer-to-peer computer network instead of relying on a central database.
Fan TokensBlockchain-based digital assets created by sports teams, clubs, or brands to strengthen fan engagement and provide specific benefits.
FilecoinA blockchain-based decentralized storage system that lets users rent out unused storage space and earn cryptocurrency rewards.
Gnosis ChainThe low-cost, high-speed blockchain to which POAP later migrated and on which issued badges are stored.
Layer 1 and Layer 2Layer 1 is the base blockchain network, while Layer 2 is a scaling network built on top of it that can handle high-frequency activity and reduce usage costs.
Layer-2A network architecture that returns settlement to the base chain and must reliably exchange data with that chain.
Lightning NetworkA channel-based scaling network built on Bitcoin and a common example of a State Channel solution.
MultiplierAn on-chain elastic supply mechanism that automatically reflects corporate actions, such as net dividend reinvestment and stock splits, by adjusting bStock balances.
ORC-20A Bitcoin-based token format similar to BRC-20, represented by JSON files inscribed on satoshis.
Open (public) betaA software testing approach open to all interested users, enabling feedback to be collected broadly.
Optimistic rollupsA type of Rollup that assumes transaction batches are valid by default and uses a challenge window to detect and address fraud.
OthersideA metaverse platform developed by Yuga Labs where BAYC and MAYC holders can use their NFTs as identity markers.
Progressive Web Application (PWA)A web application built with modern web technologies and basic web standards while providing an experience similar to a native application.
Proof of Attendance Protocol (POAP)A protocol that uses blockchain technology to create digital badges recording attendance at particular events, as well as a term for the badges themselves.
RollupsA scaling solution that batches multiple off-chain transactions and submits compressed data or cryptographic proofs to the main chain.
SMA 20The simple moving average calculated using prices over the most recent 20 periods is often used as the middle line of the Bollinger Bands.
SRC-20A Bitcoin Stamps token standard based on the Counterparty protocol that embeds arbitrary data in spendable-data transactions.
Security AuditA systematic review of an application, system, or database to assess its robustness and security.
SnapshotThe process of recording the state of a blockchain ledger at a specific point in time, which may include addresses and their transactions, fees, balances, and metadata.
Strong handsTraders who are more patient and disciplined and who hold assets based on research and a long-term perspective.
Volatility DecayThe erosion of returns in leveraged tokens and leveraged ETFs in volatile or sideways markets due to the combined effects of daily rebalancing and compounding. It is also called beta slippage or volatility drag.
Weak handsRefers to traders or investors who lack the confidence, conviction, or resources to adhere to a holding plan and are prone to buying or selling based on emotions and short-term events.
Wrapped Ether (WETH)An ERC-20 token that represents ETH on a one-for-one basis and is used with applications and tokens that require the ERC-20 format.
ZK-rollupsA type of Rollups that generates cryptographic validity proofs for each batch of transactions, enabling the main chain to verify the results.
airdropAn event that distributes tokens to users according to conditions such as the balance of a blockchain address.
bStocksSecurity tokens issued by an issuer and backed 1:1 by the corresponding U.S. equities held with a regulated custodian, providing exposure to their price movements and associated economic benefits.
beta testersExternal testers who are not part of the development team or company and who identify errors and provide feedback from real-world use.
bidsQuotes submitted by buyers in the base currency to purchase one unit of the traded asset.
change addressAnother address used to receive the remaining balance of a transaction after part of an amount is transferred.
closed alphaAlpha testing accessible only to invited users, suitable for obtaining more focused feedback from a specific target group.
coinbase transactionThe first special transaction in a Bitcoin block, used to claim the block subsidy and transaction fees permitted by the rules, without using ordinary unspent outputs as inputs.
crypto index fundAn index fund that tracks the performance of a basket of cryptocurrencies instead of a single token.
non-fungible token (NFT)A token with unique metadata, provenance, or characteristics, so it cannot be assumed to be exchangeable with another token on a one-for-one basis.
probabilistic finalityA form of finality in which confidence in a transaction gradually increases with additional confirmations but never becomes an absolute guarantee.
proof of stake (PoS)A consensus method that does not rely on hash-based mining and therefore does not require competition around ASIC mining capability.
stale blocksBlocks on a competing chain after that chain has been abandoned by the network.
tokenized stocksA blockchain-based format intended to represent ownership of traditional stocks on-chain.
underwriterA role usually performed by an investment bank that helps determine the initial share price and manages the sale of shares.
zk-STARKShort for zero-knowledge scalable transparent argument of knowledge, a zero-knowledge proof system based on collision-resistant hash functions that needs no initial trusted setup.
Proof of Work (PoW)The consensus mechanism used in Bitcoin mining, where completing computation that requires substantial processing power is the basis for adding a new block.
Basket currency pegA pegging arrangement under which the domestic currency is referenced to multiple foreign currencies simultaneously, to diversify risk and reduce dependence on a single currency.
Proprietary AMMAn automated liquidity pool controlled by a single pricing engine, with quotes adjusted based on external market data, trade size, and inventory risk.
Satoshi NakamotoThe pseudonym used in the 2008 Bitcoin white paper and early development; it cannot, on that basis, determine the identity of a real-world individual or team.
Hindsight RationalizationReconstructing an explanation after an event based on its known outcome, making a previously surprising event seem predictable.
L2 blockchainA scaling network built on top of a base blockchain.

Definition

Lightning Network

A channel-based scaling network built on Bitcoin and a common example of a State Channel solution.

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