Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

Quick Links

Tools

Atomic swap

Atomic swap - A smart contract technology that allows to exchange one cryptocurrency for another without using centralized intermediaries. The technology is being used by the DEXes.

Other Important Terms

Block

Block – a file containing the information about the most recent transactions which have not been recorded in the previous blocks. All the blocks mined are recorded in the blockchain.

Short for Bitcoin Exchange-Traded Fund. A financial asset that is tied to Bitcoin price, allowing its holder to benefit from Bitcoin price fluctuations without having to store and trade Bitcoin itself.

ROI

'Return on Investment', or ROI for short, is a ratio or percentage value that reflects the profitability or efficiency of a certain trade or investment.

Virtual Cryptocurrency Wallet

Virtual cryptocurrency wallet – a software solution containing user’s private keys. There are several types of virtual wallets: Online wallet is a cloud-based program accessible from any device with Internet connection; Desktop wallet is a computer program only accessible from the computer it is installed on; Mobile wallet is a smartphone application only accessible from the smartphone it is installed on. It usually has more limited functionality compared to the desktop wallet due to the application size restrictions.

Trade Volume

Trade volume – the total value of all the cryptocurrency exchanged on a specific platform in a specific time period. For example, trade volume of Binance exchange on April 25, 2019 was approximately 892 000 000 USD.

Cryptocurrency News

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer