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.
In the cryptocurrency sphere a Tether is a type of coin. This coin is ‘tethered’ or paired 1-to-1 with the U.S. Dollar.
A sequence of numbers used to identify the moment in time that a transaction occurred.
A cryptocurrency created using another platform (like Ethereum). Tokens operate by using the technology of the platform on which they were created.
The practice of creating digital assets that represent real-world physical assets.
TOTAL COIN SUPPLY
A measure that describes how many coins of a given cryptocurrency can exist (after all mining is completed, if applicable).
Transactions per second. A measure which describes how fast a cryptocurrency can handle its users' transactions.
A measure of how frequently and how heavily a cryptocurrency is bought and/or sold during a given time period.
Software preprogrammed to buy, sell, short, long or execute other trading strategies and commands when the owner is absent. Trading while asleep or away from the keyboard.
An amount of value that must be paid to transfer value on a block chain.
The first hardware wallet, created by a Bitcoiner called “Slush.”
TWO FACTOR AUTHENTICATION
Commonly known as 2FA. A measure of security used for protecting accounts. 2FA requires users to have not only a username and a password to login, but an extra piece of information, as well.