Glossary

Airdrop

Free crypto sent to wallets to promote a project.

ATH

All-Time High, the highest price a cryptocurrency has ever reached.

Blockchain

A decentralized, tamper-proof digital ledger recording transactions.

Cryptocurrency

Digital money secured by cryptography (e.g., Bitcoin, Ethereum, Solana).

DAO

Decentralized Autonomous Organization, a member-governed organization using tokens for voting.

DeFi

Decentralized Finance, financial services (loans, trades) on blockchains, bypassing banks.

dApp

Decentralized Apps, an application running on a blockchain (e.g., decentralized social media).

FUD

Fear Uncertainty and Doubt, negative hype to drive down crypto prices.

Gas Fee

Transaction cost on networks like Ethereum.

HODL

Slang for holding crypto despite market swings (originally a typo for 'hold').

ICO

Initial Coin Offering, fundraising by selling new tokens.

Interoperability

Different blockchains exchanging data/assets.

IPFS

Internet Protocol FileSystem, decentralized storage for files (often used for NFT artwork).

Layer 1

Base blockchains (e.g., Ethereum, Solana).

Layer 2

Scaling solutions built atop Layer 1 (e.g., Polygon).

Liquidity

Ease of trading an asset without affecting its price.

Meme Coin

Cryptocurrency based on jokes (e.g., Shiba Inu).

Metaverse

Virtual worlds using blockchain for ownership.

Mining

Validating transactions on blockchains like Bitcoin for rewards.

Minting

Creating an NFT by uploading it to a blockchain.

NFT

Non-Fugible Token, a unique digital asset proving ownership (e.g., digital art).

Play-to-Earn

Games where players earn crypto/NFTs by playing.

Rug Pull

Scam where developers abandon a project after stealing funds.

Royalties

Automatic payments to creators when NFTs are resold.

Smart Contract

Self-executing code on a blockchain.

Staking

Locking crypto to support a network and earn rewards.

Token

A digital asset on a blockchain (e.g., governance tokens).

Wallet

Software to store crypto and interact with blockchains (Hot = online; Cold = offline).

Whale

Someone holding enough crypto to influence prices.

Whitepaper

A document explaining a crypto project’s goals/tech.