We are currently covering 69 words/terms
Countthecoins is an online cryptocurrency portfolio tracker & simulator, countthecoins also features reviews, cryptocurrency dictionary and a cryptocurrency converter.
DYOR short for do your own research means that you should do your own research before taking any conclusions or actions whenever it is buying into a project or not.
A address is a string of random alphanumeric characters which identify a certain destination which are used to send or receive transactions.
Altcoin means Alternative coin and is used to describe any other coin than Bitcoin.
ATH is short for all time high and is a term used when a cryptocurrency has reached a price higher than it has ever ben before.
ATL is short for for all time low and is a term used when a cryptocurrency has reached a price lower than it has ever ben before.
A bagholder is someone who holds onto a pump and dump coin.
Bearish is a word used to describe a market expected to go down.
A Block is a link in the Blockchain which contains trancsaction information which is usde to track and verify the Blockchain.
- Block Height
Block height is the number of blocks since the genesis block.
- Block reward
Blockchain is a public and digital ledger cryptocurrencies use to track and record transactions.
Blocks are the layers on the ledger which makes up for the whole Blockchain everytime a new Block is made it is stacked ontop of the previous one.
Bullish is a word used to describe a market expected to go up.
- Buy Wall
A buy wall is a huge amount of buy orders at a specific price target.
- Circulating Supply
Circulating Supply is the amount of coins currently available.
A coin is a cryptocurrency which can act on its own independently from any other coins.
Consensus is when the network agree on basically everything from a transaction, the validation of the chain or even a Fork.
Countthecoins is an online crypto currency portfolio tracker & simulator, countthecoins also features reviews, a crypto currency dictionary and a crypto currency converter.
Dapps are decentralized applications which runs within a Blockchain,Dapps are much like any other apps the major differences is that Dapps are immune to censorship or third party interference while keeping a 100% uptime as long as the blockchain network runs and the smartcontract connecting the Dapp to the Blockchain are fueled and valid.
- Day Trader
A day trader is a person or entity which trades on the volatility within the same day.
Difficulty refers to how difficult the HASH algorithm is.
Dip is a term used when an asset falls in price.
- Doug Polk
An Exchange is the place where you are able to trade your coins or tokens with other people around the world.
Blockchains are public and everything is recorded and therefore it is possible to track every movement both past and present and thats what an Explorer does it lets people track e.g a transaction, hash rate or transaction growth.
Fiat is government issued currency like USD, EUR & RUB.
F0M0 stands for Fear Of Missing Out which is an expression used to describe when people get a panic like feeling and act upon it.
When a cryptocurrency fork it is basically splitting the chain into 2 separate chains a fork happens when a change in the software occurs.
FUD stands for Fear, Uncertainty & doubt and are an expression used when a person or entity are trying to demote a competitors product or service.
A master FUD'er someone who is spreading alot of FUD.
- Genesis Block
The Genesis Block is the very first Block in a Blockchain, the Genesis Block has to be manually implemented since the next Block has to refer to the previous Bock.
Halving is a reduction of the rewards a miner gets, halving happens after x amount of blocks are mined and then again after the same x amout of blocks are mined so e.g every 2000 block.
Hashrate is the speed at which rate your computational power is capable of trying to solve a Hash e.g 1MH/s is equal to 1 Million Hashes per Second.
Hodl is an expression used when you are holding onto your cryptocurrencies, the term was first used in a Bitcointalk forum post featuring a 'Whiskey' bottle and a failed day trader.
IBO is short for initial bounty offering which is a way for projects to pay people to fix various different things regarding their product like language translation, proof reading and bug discoveries.
ICO is short for Initial Coin Offering and is way for a new project to raise money by offerering coins early in the development stage.
Market Cap means Market Capitalization and is used to rank all the different coins, Market Cap is calculated by price * circulation supply.
- Max supply
Max supply is the maximum amount of coins to ever exist.
Mining is another word for PoW 'Proof of Work' basically the computer has to solve a difficult mathematical problem.
- Mining Rig
A mining rig is a rig designed to be as efficient in mining cryptocurrencies as possible.
Moon or Mooning in the crypto sphere is a term used when a coin is about to or is increasing heavily in price.
Multisig means multi signature and refers to having more than one signature to approve a transaction, multisig will make it very difficult for hackers to steal from targets with larger amounts of crypto currency.
- Network Fee
Network fee is a fee paid to the miners to make them include the transaction in a block.
Portfolio is a collection of the total investments owned by the same person or entity.
- Private Key
- Public Key
Pump is a word used when a coin is getting huge amounts of new capital injections which makes the price 'pump'.
- Pump and Dump
A Pump and Dump is when a group of people or entity buy big portions of a cheap coin and afterwards hype the coin and creates FOMO and when the coin has reached a certain price the group or entity will dump their shares into the FOMO for huge profits.
ROI stands for Return Of Investment and is a percentage visual of how much money has ben made since the initial investment.
- Sell Wall
A sell wall is a huge amount of sell orders at a specific price target.
Sharding is a scaling solution for blockchain which makes it possible to only validate parts of the chain insted of the whole chain.
Shilling is when people promote coins in a shady manner like spamming forums and trollboxes.
- Softwre Wallet
A software wallet is a piece of software or file that allows you to store different cryptocurrencies on the computer.
- Swing Trader
A swing trader is a person or entity which holds onto an asset to sell it days, weeks or months later for profits.
Token is a cryptocurrency which cannot act on its own and are dependent on another coin.
- Total Supply
Total Supply is the total amount of coins in existence minus any coins that has ben burned.
- Transaction Fee
Transaction fee is a fee paid to the miners to make them include the transaction in a block.
Trollbox is a chatbox where people are spamming and having all sorts of conversations.
Volatility is the swing in variance between the price of an asset.
A whale is a person or entity which holds a huge amount of the circulation supply.