Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Race Attack

Race attack – a double spend attack on the P2P network which is only possible if the recipient of the transaction accepts unconfirmed transactions as a payment. If this is true, the attacker broadcasts a conflicting transaction to the network at the same time; in case the conflicting transaction gets more confirmations, an attack is successful and the recipient does not get paid. It is easier to carry out such an attack if the attacker has a direct connection to the victim’s node, and perhaps deposits the conflicting transaction directly to miners

Roadmap

Roadmap – a future plan of a cryptocurrency project with events and their respective deadlines. Usually published in marketing materials.

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.

Short Position

Short position – a state the trader is in when he is selling cryptocurrency asset to buy it later. For example, if a trader sold Bitcoin in November 2017 and bought it again in January 2018, he was in short position between these two trades.

Smart Contract

A smart contract is a computer program or a transaction protocol respectively, which is intended to automatically execute, control or document respectively legally relevant events and actions according to the terms of a contract, of an agreement or of a negotiation.

Stablecoin

Stablecoin – a type of cryptocurrencies designed to have the lowest volatility possible. For example, Tether (USDT) is a stablecoin.

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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