• Cryptocurrencies: 7 545
  • Market Cap: 394 565 334 984 $
  • 24h Vol: 86 629 265 661 $
  • BTC Dominance: 63.003891102385 %

Glossary

Buy The (F*******) Dip (BTD/BTFD)

An enthusiastic exclamation by supporters of a cryptocurrency to buy while prices are at a low point.

Buy Wall

A situation where a large limit order has been placed to buy when a cryptocurrency reaches a certain value. This can sometimes be used by traders to create a certain impression in the market, preventing a cryptocurrency from falling below that value, as demand will likely outstrip supply when the order is executed.

Burned

When a coin or token has been made permanently unspendable or unusable.

Byzantine Generals’ Problem

A situation where communication that requires consensus on a single strategy from all members within a group or party cannot be trusted or verified. An example of this agreement problem is where a group of generals, encircled around a city, must decide whether to attack or retreat. Every general must agree to attack or retreat, or everyone will be worse off. Some generals may be treacherous, voting falsely, and messengers may deliver false votes. Under these circumstances, a consensus must be reached. In cryptocurrency, when network participants post false or inaccurate information to others about transactions taking place, it could lead to network failure. *see Byzantine Fault Tolerance (BFT).

Byzantine Fault Tolerance (BFT)

A property of fault-tolerant distributed computing systems, reaching consensus through a mechanism, where components may fail and there may be imperfect information. For example, Bitcoin is Byzantine Fault Tolerant, utilizing the Proof-of-Work system to reach consensus on the blockchain. Its applications are beyond blockchain, including messaging and networking systems, among others.

Candlesticks

Candlesticks is a graphing technique used to show changes in price over time. Each candle provides 4 points of information: opening price, closing price, high, and low. Also known as “candles” for short.

Cash

Cash is physical form of a currency, such as banknotes or coins.

Centralized

An organization structure in which a small number of nodes is in control of an entire network.

Central Ledger

A ledger maintained by a centralized agency (such as a bank) that records all financial transactions.

Central Processing Unit (CPU)

Central Processing Unit, also known as a processor or CPU, is defined as the “brains” of the computer, coordinating different components running on a computer. CPU clock speed is measured in gigahertz or GHz for short.