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About BIBIBI Daily Digest Privacy & Account Security

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

© 2026 BIBIBI

Glossary

Terms50 shown

Application Programming Interface (API)A set of rules that allows two software applications to communicate and share data.
DAO (Decentralized Autonomous Organization)A community-led organization that uses Ethereum smart contracts to establish its fundamental rules and execute collective decisions.
Delay attacksThe attacker intercepts and slows the propagation of blocks or transactions without completely cutting off communication between nodes.
EIPAn Ethereum Improvement Proposal, a standardized proposal through which the community describes, discusses, and advances Ethereum upgrades or new features.
ERC-721The Ethereum standard defining interfaces for non-fungible tokens with unique identifiers and on-chain ownership records.
EtherThe primary unit of ether; 1 Ether (ETH) equals 10¹⁸ Wei.
FOMOThe fear of missing out; refers to chasing price increases, trading frequently, or taking on risks beyond one's capacity to bear out of concern about missing an opportunity.
FOMO (Fear of Missing Out)The urge to follow up out of concern about missing a potential opportunity; assess whether it is reasonably justified.
FrenAn internet slang spelling of 'friend' used as a friendly way to address people with shared interests or members of the same online community.
FungibilityThe property by which each unit of an asset is identical in quality, value, and function and can be substituted for another.
Fungible tokensTokens whose individual units have equivalent value and properties and can be exchanged with one another.
GMShort for 'good morning,' a greeting in crypto communities that also conveys a spirit of inclusion and collaboration.
GasA unit used by certain networks to measure computational resources consumed during execution; the actual transaction fee also depends on factors such as the gas price.
gossip protocolAn asynchronous peer-to-peer communication method used in distributed systems.
Howey TestA method used in the United States to assess whether a token offering falls within the definition of a security.
Inter-Blockchain Communication (IBC)A dedicated messaging protocol used by the Cosmos ecosystem that enables independent blockchains to exchange assets without relying on a single centralized operator.
InteroperabilityThe ability of different blockchains to connect, communicate, and exchange assets and data with one another.
IoTThe Internet of Things, a field in which connected devices can communicate, collaborate, and autonomously exchange value through microtransactions.
Maximum SupplyThe hard upper limit on the number of units of a cryptocurrency that can ultimately exist under its rules.
MoonCrypto-community slang expressing the hope or expectation that a price will rise sharply.
NFTA non-fungible token that represents a unique digital asset and can be used to establish ownership of that asset.
Non-Fungible Token (NFT)A type of crypto token that represents unique digital assets or real-world assets and is not interchangeable with one another.
Non-fungible tokensTokens whose individual units have unique properties and cannot be exchanged equally for other tokens.
Non-fungible tokens (NFTs)Unique digital tokens representing ownership of a specific item, such as digital art, a collectible, or a gaming asset.
NonceA random number added to a transaction that can serve as a unique identifier and, when necessary, be used to cancel a transaction that has not yet finished processing.
Partitioning attacksAn attacker divides the network into groups that cannot communicate with one another, potentially causing each group to maintain the ledger independently while isolated.
RSA Key PairA cryptographic mechanism consisting of a public key and a private key that can protect communications, encrypt data, and create or verify digital signatures.
Sharpe RatioA measure of the excess return earned by an asset or portfolio for each unit of risk assumed.
StablecoinsA class of interchangeable crypto assets whose units are pegged to the same underlying value; examples in the text include USDT and USDC.
State ChannelA two-way communication mechanism that lets participants update shared state directly off-chain and relies on blockchain settlement only at stages such as opening and closing.
TokenA digital unit of value recorded on a blockchain that can represent an asset, utility, or access right within a particular ecosystem.
TokensDigital units issued on a blockchain that may provide access to a product or service, represent an interest in a real-world asset, or grant voting rights in protocol governance.
UTXO ModelBitcoin's transaction model, in which every transaction output is an independent unit that can be spent as an input to a later transaction.
Unit of AccountA common measure used to assess and compare the value of property, goods, or services. In accounting, it may also refer to a particular asset or liability recorded in financial statements.
VolumeRefers to the amount of an asset’s units traded or changing hands in the market within a specific period.
WAGMIShort for 'We're All Gonna Make It,' a crypto-community expression of encouragement and optimism.
arbitrageA strategy that trades on price opportunities between different trading venues.
bidsQuotes submitted by buyers in the base currency to purchase one unit of the traded asset.
blockA unit of data used to contain transactions and write them to a blockchain.
blocksUnits of data added to a blockchain by miners to record and confirm transactions.
bounty programA program in which a crypto project rewards community contributions, including promotion, content creation, translation, or vulnerability reporting.
max supplyAn abbreviation for Maximum Supply that covers all units already created and planned for future issuance.
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.
non-fungible tokens (NFTs)Unique tokens that cannot be directly exchanged for one another.
total supplyThe number of coins or tokens that have been issued, minus units that have been permanently removed.
trading volumeA synonym for Volume that represents the number of asset units traded during a given period. It may be expressed in the traded asset or the quote currency.
Non-fungibleEmphasizes the unique nature of an object, which cannot be regarded as completely identical to other objects.
Transaction ID (TXID)A unique string identifying each transaction on a blockchain.
Token mergerThe process of consolidating two or more cryptocurrency tokens into a single unified token.
Ethereum foundationA nonprofit organization that supports the development, education, and community collaboration of Ethereum and related technologies; it is not a central authority that controls Ethereum.

Definition

Fungibility

The property by which each unit of an asset is identical in quality, value, and function and can be substituted for another.

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