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.
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ERC20
The predominant standard for creating smart contracts on the Ethereum block chain. Others may include ERC 721, ERC888, and more
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ERC20 TOKEN
A token issued on the Ethereum platform.
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ETF
Exchange Traded Fund. A group of assets that can be bought or sold as a single asset.
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ETHER
The native tokens of the Ethereum platform. Required in order to send transactions or execute smart contracts.
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ETHEREUM
A cryptocurrency created by Vitalik Buterin that runs on Ether (ETH). Ethereum was the first block chain-based technology to make smart contracts and decentralized applications possible.
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ENCRYPTION
Transforming data into unrecognizable code that can only be decoded with the exact decryption key.
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EVM
Ethereum Virtual Machine. A testing environment on the Ethereum network for executing smart contracts and promoting security.