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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

FOMO

FOMO – short for Fear Of Missing Out. Describes the anxiety a trader feels when it seems he did not buy in before the increase in price or did not sell before the fall. If the increase/fall is still happening while the trader is experiencing FOMO, it can force him to make an irrational decision. For example, those who bought Bitcoin at 19 000+ USD during the late 2017 bull run were experiencing FOMO.

Other Important Terms

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.

Private Key

Private key – a unique alphanumeric string that allows cryptocurrency to be spent from user’s wallet. For example, E9873D79C6D87DC0FB6A5778633389 is a private key.

Whitepaper

Whitepaper – an official document of a certain cryptocurrency that explains how it works. Can explain novel concepts, contain financial and technological calculations.

Address

A unique identifier serving as a virtual location where the cryptocurrency can be sent.

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.

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