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

Liquidity Pools

These are pools of tokens available to be exchanged amongst traders. 

Other Important Terms

Token Burns

Refers to the permanent removal of tokens from circulation. Token buy-backs and burns are popular ways of destroying tokens. This causes scarcity. 

2 Factor Authentication (2FA)

2 Factor Authentication is a double layer security measure. Most crypto exchanges use it. In order to log in, you not only need to enter a password, but also a code that you receive from the Google authenticator for example.

Flash Loan

Flash Loans are futuristic and next-generation DeFi and native to the crypto space. A borrower can take out a flash loan with no collateral. However, it must be repaid within the same block or the entire transaction is canceled.  

Altcoin

An altcoin is any cryptocurrency or token created after the Bitcoin was developed.

Governance Tokens

ERC-20 tokens have always been a form of money, but governance tokens also act like legislative certificates. They allow the hodler to vote on changes to the protocol. 


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