Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Trading Pair

Trading pair – a trade between one type of cryptocurrency and another. Allows trader to purchase one of these two currencies with the another one. For example, BTC/ETH is a trading pair. It allows the trader can buy Bitcoin with his/her Ether or Ether with his/her Bitcoin.

Other Important Terms

Margin Trading

Margin trading in crypto involves borrowing funds from an exchange and using it to make a trade. Margin trading is a way of using funds provided by a third party to conduct asset trading. Compared with regular trading accounts, margin trading accounts allow traders to obtain more funds and support them in using positions.

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.

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.

FUD

FUD – short for Fear, Uncertainty, Doubt. Describes the act of sharing negative rumors about a certain cryptocurrency or the market in general, which can negatively affect their price. Usually the rumors are not based on any evidence.

51% Attack

A ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners’, who hold more than 50% of the hashrate. In such a situation the ‘miners’ have the possibility to deliberately not confirm transactions or to issue transactions twice (double-spend).

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