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

Lending Rate (Supply Rate)

Users can lend tokens and earn an annualized return. Rates vary depending on the DEX, the liquidity pool, and the token.

Other Important Terms

Ethereum

Launched in 2015, Ethereum is the world's programmable blockchain. Like other blockchains, Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money. People all over the world use ETH to make payments, as a store of value, or as collateral. But unlike other blockchains, Ethereum can do much more.

Pump and Dump

This term became synonymous with the ICO boom. Hucksters would launch a new “futility” token and pump money into it initially. After the price pumped, they would dump it selling it for quick profits. DeFi tokens have the advantage of being utility tokens rather than futility tokens

Liquidity Provider

Decentralized way to provide liquidity to any cryptocurrency in  decentralized exchanges. For eg - Anyone can deposit liquidity in uniswap and earn rewards. You don't need large amount of money to provide liquidity.

Off-Chain

Off-chain transactions occur “off” the blockchain network. Since these are not broadcast across the blockchain, they are low/zero-cost transactions.

Block explorer

A block explorer is an online service to track blockchain transactions. It usually is a website where you can see all the new blocks that are being created. You can also search for transactions and wallet addresses. The best-known block explorers are blockchain.info for Bitcoin and etherscan.io for Ethereum.


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