Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Tools

Airdrop

An airdrop is a way to distribute coins. End users can generally get coins for free or in exchange for a small task, such as subscribing to a newsletter, sending a tweet or inviting other people via a personal affiliate link.

Other Important Terms

ICO

ICO – short for Initial Coin Offering. A way for a cryptocurrency startup to raise money via selling own issued tokens for fiat or a common cryptocurrency, such as Bitcoin or Ether. The money raised is then used to realize the plans described in the startup’s roadmap and whitepaper.

Short Position

Short position – a state the trader is in when he is selling cryptocurrency asset to buy it later. For example, if a trader sold Bitcoin in November 2017 and bought it again in January 2018, he was in short position between these two trades.

Stablecoin

Stablecoin – a type of cryptocurrencies designed to have the lowest volatility possible. For example, Tether (USDT) is a stablecoin.

Metaverse

Metaverse is a digital world. It is a virtual reality and digital representation of the real world, where users can interact, play games and experience things or activities as they would in the real world. In the metaverse, cryptocurrencies serves as means of conducting transactions.

Cryptocurrency Exchange

Cryptocurrency exchange – a platform that allows its users to trade cryptocurrencies for other cryptocurrency or any other asset. Can be either centralized or decentralized. For example, Binance is a cryptocurrency exchange.

Cryptocurrency News

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