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About BIBIBI Daily Digest Privacy & Account Security

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

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Glossary

Terms26 shown

2-of-3A multisignature configuration in which at least two of the three available private keys must provide signatures.
3-of-5A multisignature configuration in which at least of the available private keys must provide signatures.
Closed (private) betaA software testing method made available only to a small group of invited users. A closed (private) beta.ง
Efficient Market Hypothesis (EMH)An economic theory holding that asset prices reflect all available information, making it difficult for investors to consistently outperform the market.
Market ordersOrders executed at prices available in the market at the time, typically allowing partial fills.
Open-Source Software (OSS)Software whose source code is publicly available and that allows anyone to view, modify, or redistribute it.
Over the Counter (OTC) tradingA method of buying and selling cryptocurrencies conducted outside the exchange’s public order book, which can avoid large orders directly impacting the available trading volume in the order book.
Semi-strong formThe form of market efficiency in which all publicly available information, including news and company announcements, is considered to be fully reflected in asset prices.
UTXOUTXO Also known as an “unspent transaction output,” it is a model used by Bitcoin and other blockchains to organize and track available transaction value.
circulating supplyThe number of tokens already held by the public and available for circulation and trading in cryptocurrency markets, excluding locked or reserved portions.
closed-source softwareSoftware whose source code is not publicly available and that typically only its creator is authorized to modify or distribute.
liquidityThe amount available for trading in a market and its capacity to match and absorb orders.
market orderAn order executed at the best available price, where the ask price cannot be specified manually.
order bookAn order book that records the buy and sell orders available in the market, along with their quantities and prices.
Public keyThe key in a key pair that is available to the recipient and is used to verify the validity of the sender’s digital signature.
Block explorerAn online read-only search tool that converts publicly available blockchain data into an easy-to-read and searchable format.
Backup verification codeA backup code used to complete account verification when the primary 2FA method is unavailable.
Market OrderAn instruction to execute a buy or sell as quickly as possible at the best available price currently shown in the order book, without setting a maximum or minimum execution price.
Market LiquidityThe extent to which buyers, sellers, and executable funds are sufficiently available in the market, enabling transactions to be executed relatively quickly and at relatively stable prices.
Data availabilityThe function responsible for storing transaction data and making it available to network participants.
Data Availability Sampling (DAS)A method in which nodes randomly verify a small number of data blocks to probabilistically determine whether the entire dataset is available.
Efficient Market Hypothesis (EMH)holds that current asset prices already reflect all available information, so exploitable pricing inefficiencies in the market are very limited.
Probabilistic verificationA verification method that infers that the remaining data, and potentially the entire dataset, is likely available based on whether the sampled data blocks are accessible.
LiquidityThe quantity of assets available for execution around a given market price; when liquidity is insufficient, large orders are more likely to move the execution price.
SlippageThe phenomenon in which the actual execution price deviates from the expected price due to market changes or insufficient available liquidity.
Erasure coding (EC)A technique that splits data and adds redundancy so that complete data can still be reconstructed when some data is lost or temporarily unavailable.

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Definition

Slippage

The phenomenon in which the actual execution price deviates from the expected price due to market changes or insufficient available liquidity.

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