Cryptopedia:

your personal crypto guide

Wallet

A cryptocurrency wallet is a digital tool for storing, sending, and receiving crypto. It secures your keys, enabling transactions on blockchain networks with various wallet types for different needs.

“Pyramid Scheme”

A pyramid scheme is a fraudulent investment model where returns are derived from recruiting new participants rather than legitimate business activities, leading to financial losses for most.

Two-factor authentication

Two-factor authentication (2FA) adds an extra security layer by requiring two forms of verification—typically a password and a code sent to your device—to access your crypto wallet or account.

Micro-payments

Micro-payments are small financial transactions, typically involving tiny amounts of money, often facilitated by cryptocurrencies, enabling cost-effective payments for digital services or content.

ATH

ATH, or All-Time High, indicates the peak price of a cryptocurrency. It reflects market sentiment, guides investment decisions, and acts as a performance benchmark for traders and investors.

SEPA Direct Debet

SEPA Direct Debit (SDD) facilitates seamless fiat-to-crypto transactions within Europe, allowing users to automate and secure their digital asset investments efficiently.

Key Management

Key management in cryptocurrency involves securely creating, storing, and managing cryptographic keys essential for asset protection and transaction integrity, safeguarding against theft and loss.

Gaming

Gaming in cryptocurrency combines blockchain and digital currencies to enhance player experiences, enabling ownership, transparency, and financial rewards through Play-to-Earn models and NFT ecosystems.

Segregated Witness (SegWit)

Segregated Witness (SegWit) is a Bitcoin protocol upgrade that enhances scalability, reduces fees, and resolves transaction malleability by separating signatures from transaction data.

Pump and Dump Scheme

Pump and dump schemes in cryptocurrency involve artificially inflating an asset's price through deceptive promotions, allowing fraudsters to profit while investors incur losses.

Block Reward

Block rewards are incentives for miners/validators to secure blockchains, consisting of newly minted coins and transaction fees. They play a vital role in network security and cryptocurrency economics.

Social Token

Social tokens are digital assets linked to creators and communities, allowing direct monetization and engagement with fans. They enhance brand loyalty, governance, and new economic opportunities.

DAO Decentralized Autonomous Organization

A DAO (Decentralized Autonomous Organization) is an organization governed by smart contracts on a blockchain, allowing members to make decisions collectively without central authority.

Jackson Palmer

Jackson Palmer, co-founder of Dogecoin, is a key crypto figure known for his innovative approach and advocacy for transparency in the industry, promoting community engagement and ethical practices.

Flippening

The Flippening refers to the theoretical moment when another cryptocurrency's market cap surpasses Bitcoin's, highlighting evolving trends in adoption, technology, and market dynamics.

Volatiliteit

Volatility in cryptocurrency refers to significant price fluctuations influenced by factors like market maturity, liquidity, and regulation. It presents both risks and opportunities for investors.

Exchange

A cryptocurrency exchange is a digital platform for buying, selling, and trading cryptocurrencies. They vary from centralized to decentralized types, each with distinct features and risks.

Node Operator

Node operators are crucial for blockchain networks, maintaining integrity, validating transactions, and ensuring security. They run various types of nodes, each with specific responsibilities and rewards.

Altseason

Altseason is a period when altcoins outperform Bitcoin, attracting investor interest and driving market volatility. Recognizing its indicators can guide profitable trading strategies.

Wallet Address

A wallet address is a unique alphanumeric string that represents a destination for cryptocurrency transactions, allowing users to send and receive digital assets securely.

Stale Block

A stale block, or orphan block, is a discarded block in a blockchain that isn't part of the longest chain, typically caused by simultaneous mining and network delays. It can affect transaction validity and network efficiency.

Utility Token

Utility tokens are cryptocurrencies that provide access to specific products or services within a platform. Unlike traditional currencies, they foster interaction in their ecosystems and are often sold in ICOs.

Centralized Exchange (CEX)

Centralized Exchanges (CEX) facilitate cryptocurrency trading by acting as intermediaries. They offer user-friendly interfaces, high liquidity, and various trading options but come with custodial risks and potential security issues.

Block Time

Block time in cryptocurrency is the average duration to create a new block of transactions. It impacts transaction speed, network security, and scalability, essential for user and developer experience.

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