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.

Transaction

Transaction – a recorded transfer of some amount of cryptocurrency from one wallet to another. Every transaction is recorded in a blockchain or DAG.

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.

Volatility

Volatility – a value that characterizes the percentual price change of a certain cryptocurrency during a certain period of time. The more volatile a cryptocurrency is, the bigger can its percentual price change over a certain period be.

Whitepaper

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

Cryptocurrency News

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