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Metaverse Crypto Dictionary

We have included Metaverse Coins and the most used terms in the crypto market in our Metaverse Crypto Dictionary content.

We have carefully prepared for those who will enter the Crypto market from scratch.

Metaverse Crypto Dictionary

Metaverse Crypto Dictionary
Metaverse Crypto Dictionary

2FA (two factor authentication): Two factor authentication, that is, two-factor authentication system, is a system of authenticating the user with the use of two different compo

51% Attack: It is the person or persons who have 51% of the hash rate of Bitcoin or other cryptocurrencies working on the blockchain, which is more than half the level, and it is called the system to affect the system in a way that can change or disrupt transactions.

Address: Address is a digital unique identifier that identifies where coins or tokens can be transferred or where smart contracts are located.

Airdrop: Airdrop is the process of distributing tokens to a group of token holders after the ICO is completed. 

Algorithmic trading: A method of trading using automated algorithms or pre-programmed trading instructions.  

Accumulation: It refers to the cryptocurrency price moving in a narrow price range for a period of time without fluctuations in bullish or bearish.

Altcoin: Used when talking about other coins that are alternatives to Bitcoin. 

Arbitrage: It refers to the process of buying from the platform where the price is low and selling on the platform where the price is high, by taking advantage of the price differences between the platforms.

ATH(All Time High): The highest value reached by a cryptocurrency.

ATL(All Time Low): The lowest value that a cryptocurrency has fallen.

Bagholder: An investor who holds a falling asset after a pump and dump.

Bearish: It refers to news, events, people and discourses that may cause a market and financial values ​​in the market to decline.

Bullish: It refers to news, events, people and discourses that may cause a market and its financial value to rise.

Block: One of the most important parts of the blockchain, blocks are immutable data strings that record the most recent transaction that has not been recorded by any previous block.

Blockchain: A distributed ledger technology originally designed for Bitcoin transactions. It is a database. This database contains the list that records the ever-increasing blocks. 

Circulating supply: The amount of coins circulating in the market is called.

Coin: A currency-like digital representation of value that can be used as a payment method that has its own blockchain platform and can operate independently of a project.

Coin burn: A coin burn is the event of sending tokens of cryptocurrencies to a public address. This event is irreversible because the private keys of the sent address are inaccessible. 

Cold storage: It is an electronic device used to store cryptocurrencies without being connected to the internet.

Cold wallet: It is a digital wallet that uses cold storage technology.

Consensus: It refers to the consensus of the participants on the blockchain that the transactions are valid and that the ledgers are copies of each other.

DAO: The Decentralized Autonomous  Organization was an organization that raises funds to develop technologies that support decentralized business models.

Decentralized: It refers to a distributed and independent structure where the control does not take place from a single center.

DAPP (decentralized application): A dapp is an application that runs on a decentralized P2P network such as Ethereum.

Distributed ledger: A distributed ledger is a digital system that records and stores data and is consensually shared and synchronized across a geographically dispersed network across multiple sites, institutions, and/or geographies.

Ether: Ether is a cryptocurrency token that can be transferred between accounts and used to compensate Ethereum nodes for calculations performed.

Fiat money: Fiat money is irrevocable money that has no intrinsic value and has been turned into currency by a decision.

Fork: The splitting of a blockchain into more than one branch due to a technical change or necessity.

FOMO: FOMO is short for Fear of Missing Out. It refers to the anxious state of someone who is experiencing an event right now and feels as though he or she is missing the opportunity. For example, the position does not hold while Bitcoin increases and the value of the position continues to increase while it does not. As a result, he got caught in the FOMO and opened a position.

FUD: An acronym for Fear, Uncertainty and Doubt. It describes negative emotions that are deliberately encouraged by someone or a group of individuals who want the coin or token price to drop.

FUDster: A person who emits FUD.

Gas: Gas is a measurement of how many transactions are required by the Ethereum network to process a transaction; Transactions with higher Gas prices are given priority by the grid.

Gas Limit: The gas limit is the maximum amount of Gas a user is willing to spend for a particular transaction on the Ethereum network.

Gas Price: Gas price is the price of one Gas unit in Ether.

Gwei: A nominal value of Ether and a popular Gas measurement unit.

1 Ether = 1000000000 Gwei.

Halving: The process of reducing (halving) the rewards per mined block to maintain the total supply of a coin or token.

Hard Cap: The maximum number of coins to be created. For example, 21,000,000 Bitcoins

Hard Fork: Developers decide that changes to the code are needed to create permanent incompatibilities between the old and new version. This is called a Hard Fork.

Hash Function: is a one-way algorithm used to match data of random size with data of a fixed size.

Hashrate: Specifies the speed at which Hash functions are executed.

HFT (Higher Frequency Trading): A form of trading that uses advanced systems to process large numbers of trades at extremely high speeds.

HODL: A slang term in the cryptocurrency community for holding a cryptocurrency rather than selling it; it can also be interpreted as an abbreviation for “Hold On for Dear Life”. 

Hot Storage: Hot storage is an electronic device that stores cryptocurrencies and is connected to the internet. 

Hot Wallet: A hot wallet is a digital wallet that uses hot storage technology. 

KYC (Know Your Customer): A set of principles for identifying and verifying banking customers to comply with anti-money laundering regulations. 

Ledger: It is a record keeping system for recording and collecting economic transactions. 

Market Capitalization (Market Cap.): Specifies the total value of a project’s tokens or coins in circulation.

Max Supply: It expresses the total number of cryptocurrency produced or to be produced. Cryptocurrencies with limited production are considered more valuable, but some cryptocurrencies can be produced indefinitely.

MetaMask: A browser extension for accessing Dapps; therefore it can also be used as a digital wallet.  

Miner: Miner.

Mining: Mining. It describes the process of creating new blocks in a DLT system such as blockchain by verifying mining transactions and displaying PoW, and the resulting process of rewarding newly created coins with tokens.

Mooning: A token or coin process that has undergone an extreme price increase, “going to the moon”. It means that the price will rise to astronomical levels.

On chain: A property of a transaction that indicates that a transaction occurs on a distributed ledger, such as a blockchain, so that its status is reflected there as soon as it is confirmed. 

P2P: A decentralized system quality that explains the fact that all participants are equally privileged and equivalent participants. 

Parachain: A simpler form of blockchain. One of the most important features of Parachain is that the calculations it performs are inherently independent of the relay chain.

PoS (Proof of Stake): A consensus process that requires network participants to be “locked out”. A ‘stake’ is a holding of certain amounts of coins or tokens that are used for a short time on the network to ‘vote’ and build network consensus.

Pre-Sale: Pre- sale.

Pump & Dump: Pump means that the price is pumped, that is, its sudden increase, while dump means that the price crashes, that is, a sudden decrease.

Relay Chain: It is a blockchain that provides security to connected parachains and provides secure message passing between them.

Satoshi Nakamoto: A pseudonym used by a Bitcoin developer or group of people 

Scam: Fraud. It is a deliberate deception and therefore a dishonest plan to disenfranchise another person and obtain an unlawful gain. 

Shilling: The process of someone advertising a cryptocurrency.

Shitcoin: It is a cryptocurrency that has no material or moral value.

Stable coin: Fixed price cryptocurrencies, usually used for trading. For example USDT.

Staking: It refers to purchasing cryptocurrencies and keeping them in the wallet for a while and keeping the wallet open to verify transactions.

Testnet: It refers to the alternative and intangible blockchain used by the developers during the testing phase.

Token: It has emerged as another application example of distributed ledger technology other than cryptocurrencies. It refers to digital crypto assets that represent a certain value or utility within a project ecosystem on an existing blockchain. Projects produced on Ethereum’s smart contracts can be given as an example.

Total Supply: It expresses the total number of a cryptocurrency traded in the market.

Transaction: Any transaction made with cryptocurrencies on a blockchain.

Transaction Fee: It refers to the fee paid to the miner, which ensures that transactions are carried out reliably and accurately in crypto money transfers.

Volatile : It refers to the irregularly rising and falling cryptocurrency price movements.

Volatility: It refers to the irregularly rising and falling cryptocurrency price movements.

Wallet: It refers to the creation of a wallet that stores private keys, used to store cryptocurrencies. 

Whitepaper: It refers to the document that reveals the technical details of the project and the mission and vision they have acquired as a team, together with roadmaps, of a project team in the cryptocurrency supply.

Zero Confirmation Transaction: Indicates that the transaction has not yet been confirmed by the miner after the transfer has taken place.

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