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
Market cap – short for Market capitalization. A total value of all the units of a certain cryptocurrency combined. Changes proportionally to a single unit price change. Can be calculated using this formula:
Market cap = Total supply * Price of a unit
For example, if a supply of hypothetical cryptocurrency is 100 coins and each coin costs 25 USD, then the market cap is 100 * 25 = 2500 USD.
Roadmap – a future plan of a cryptocurrency project with events and their respective deadlines. Usually published in marketing materials.
AML is the abbreviation for ‘anti-money laundering’. AML stands for policy and legislation on money laundering. This prevents illegally acquired funds from being converted into a legal variant. Within the crypto world, it is no longer unusual for AML techniques to be used by exchanges and wallets. This term is often used as AML/KYC, where KYC stands for 'Know your customer'.
Transaction – a recorded transfer of some amount of cryptocurrency from one wallet to another. Every transaction is recorded in a blockchain or DAG.
Futures trading refers to a method of speculating on the price of assets, including cryptocurrencies, without actually owning them. Like commodity or stock futures, cryptocurrency futures enable traders to bet on a digital currency’s future price.
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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