Cryptocurrency Terms to Know Before You Invest

Here is a quick guide to cryptocurrency terms. We define technical terms, slang, acronyms, and other jargon related to cryptocurrency.



  • DAG

    Directed Acyclic Graphs. Also referred to as “Tangle.” DAG is an alternative to the “chain of blocks” architecture used in many crypto projects.

  • DAO

    Decentralized Autonomous Organization. An organization governed by smart contracts founded to allocate funds to cryptocurrency projects.

  • DAPPS

    Distributed Apps. Applications without centralized control.

  • DAYS DESTROYED

    A metric for measuring Bitcoin inactivity. Each day a Bitcoin remains unspent is another day added to its total number of Days Destroyed.

  • DECENTRALIZED

    Distributed amongst its users rather than controlled by one group or within one certain area.

  • DEFI

    DeFi stands for Decentralized Finance. DeFi is a new financial system based on the use of decentralized block chains and smart contracts to create new types of financial products.

  • DELEGATED PROOF OF STAKE

    DPoS. A consensus mechanism that has a block chain's nodes vote on the correct version of the block chain.

  • DESKTOP WALLET

    Software that allows its users the ability to store cryptocurrency on their personal computer.

  • DETERMINISTIC WALLET

    Software for storing cryptocurrency that offers decreased risk of losing funds because of its ability to generate unlimited addresses from a single starting point, or "seed."

  • DEX

    Decentralized exchange. A platform (which isn't controlled by any single authority) that allows users to buy and sell cryptocurrencies.

  • DIGITAL ASSET

    Any non-physical object of value, like a document, an audio file, or a logo, that can be owned and controlled.

  • DIGITAL ASSET ARRAY

    DAA. A collection or portfolio of assorted cryptocurrencies. For example, one Digital Asset Array could contain BTC, ETH, and DASH.

  • DIGITAL IDENTITY

    A set of data used to represent an entity on a network or on the Internet.

  • DIGITAL SIGNATURE

    A unique, encrypted output that cannot be duplicated. Useful for creating digital identities and confirming authenticity.

  • DISTRIBUTED LEDGER

    A list of transactions that exists on every computer that elects to run block chain software.

  • DISTRIBUTED NETWORK

    Uses nodes spread out across many different locations to achieve decentralization.

  • DOGE COIN

    A cryptocurrency that uses the “Doge” meme with a cult-like following.

  • DOUBLE SPEND

    A famous problem that occurs when cryptocurrency is spent more than once. Miners and transaction finality ensure that double-spend cannot occur.

  • DPOS

    Delegated Proof of Stake. A consensus mechanism that has a block chain's nodes vote on the correct version of the block chain.

  • DPOW

    Dynamic Proof of Work (dPoW) is currently in the early stages of development. Not many new block chain projects are experimenting with it.

  • DUMP

    The act of selling cryptocurrency.

  • DUST TRANSACTIONS

    Transfers of value that are too small to be sent due to the proportionately high fee incurred.

  • DYNAMIC RESERVE POOL

    A feature which allows KyberNetwork to maintain high levels of liquidity. The DRP keeps reserves of cryptocurrencies and establishes rates of exchange between them, allowing any user to easily trade one crypto for another.