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The most detailed cryptocurrency dictionary

Blockchain and cryptocurrency are becoming an increasingly popular topic in the world and have long gone beyond the crypto community. Moreover, the regulation and use of cryptocurrencies are discussed at the state level. Also, a huge number of people join the crypto community and try to understand the market trends. But to understand the market and all the phenomena associated with cryptocurrency, users need to understand the cryptocurrency terminology, so the Cryptorobotics team has compiled a cryptocurrency dictionary that will help new users get comfortable in the crypto industry. Here, users will find the basic concepts and terms in the field of blockchain and cryptocurrencies to make it easier to navigate.

Airdrop - is one of the most common marketing activities in the crypto industry, the purpose of which is to attract attention to the project by giving away its tokens to users for free when certain conditions are met.

Automated market makers - (AMM) are smart contracts that provide liquidity in pools and allow traders to enter trades on decentralized exchanges using a special algorithm, rather than an order book.

Automated trading - (algorithmic trading, or algorithmic trading) is a type of trading that allows traders to set up instruments that work with the help of special programs and enter trades instead of a trader.

Bitcoin - is the world's first digital coin, which was released in 2008. Bitcoin is a completely decentralized coin that is not controlled by any bank or authority.

Blockchain - is a continuous chain of blocks that includes all information about transactions. In contrast to regular databases, none can change or delete this information, only add a new one.

Centralized exchange - (CEX) is the most famous and common type of exchange in the crypto market. The main feature of such sites is that they are under the centralized management of the companies they own. Likewise, your finances are under their control. You can compare it to a bank.

Cold wallet - is a cryptocurrency wallet, which is a hardware device, such as a flash drive. A cold wallet allows you to store cryptocurrencies offline without access to the Internet and thus makes this crypto wallet one of the safest and most reliable places to store digital assets.

Commission - is a fee for exchange services, such as buying and selling digital assets on an exchange.

Compound - is a reinvestment of profits received from investments, aimed at increasing the final profit.

Copy trading - is copying trades of professional traders. The user automatically copies all positions that the selected trader opens in real-time. All trades opened by the trader are also displayed in the user's account.

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The most detailed cryptocurrency dictionary

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