Check out our comprehensive cryptocurrency glossary to help you to understand the basics of Bitcoin, blockchain & cryptocurrencies.
Play-to-Earn (P2E) or also known as GameFi refers to a new game concept in which a gaming platform offers its players the opportunity to earn in-game assets (e.g. Non-Fungible Tokens or a digital Token) that can be transferred to the real world as a valuable asset. See also: Decentralized Finance (DeFi), Non-Fungible Token (NFT), Decentralized Exchange…
The term Bitcoin Maximalist refers to a cryptocurrency investor who believes that Bitcoin, the first cryptocurrency ever created, is the only coin the world will ever need. In other words, Bitcoin Maximalists hold the view that all other cryptocurrencies are useless. See also: Shilling, Altcoin Trader, Flippening.
A Crypto Bridge is a connection that enables the transfer of coins, tokens and/or arbitrary data from one blockchain to another. Despite the fact that both blockchains may have different protocols, governance models or rules, a Crypto Bridge provides a compatible way to interact securely on both blockchains. See also: Decentralized Finance (DeFi), Decentralized Autonomous Organization…
The term Crypto Winter is a reference to a prolonged decline in the Bitcoin and cryptocurrency market. It became well-known as a description for the period from January 2018 to mid-2020, when the cryptocurrency market initially lost over 80% and then stagnated. The term reemerged in early 2022, when Bitcoin and most altcoins crashed by…
The cryptocurrency term TVL stands for “Total Value Locked”. A large number of DeFi applications require users to deposit their coins or tokens into the smart contract to earn yields (e.g. Yield Farming, Lending Coins). The total of these deposits into a DeFi application is referred to as the TVL or Total Value Locked. See also:…
The term Web3 describes a vision for a new World Wide Web that is built on decentralized blockchain applications. The Web3 is about shifting power away from the big tech companies like Facebook or Google that have built their empires by selling user data to their advertisers. See also: Blockchain, Blockchain Explorer, Non-Fungible Tokens (NFT).
The acronym DYOR stands for “Do Your Own Research”. The term DYOR aims to reduce the number of poor informed cryptocurrency investors. It is meant to encourage new investors to do a proper research before investing large sums of money into a cryptocurrency. In addition, the term is also frequently used as a disclaimer when cryptocurrency analysts publish…
The acronym HFSP stands for “Have Fun Staying Poor”. In the context of cryptocurrencies, the term describes a taunt to those who do not believe that a particular cryptocurrency coin or token will increase significantly in value. In other words, they don’t believe that a particular cryptocurrency will “go to the moon”. See also: Apeing,…
A Decentralized Autonomous Organization (DAO) is a system of rules for smart contracts on the Blockchain. Decentralized Autonomous Organizations regularly do not have a central authority or governing body. Rather, governance rules are coded into smart contracts that allow all members to participate in the decision-making process through their stake in a decentralized manner. This leads…
The term Staking describes the commitment of an investor to support a Blockchain network with their cryptocurrency assets for a certain period of time. The longer the stakers commit their assets, the greater the subsequent rewards. By the end of the selected staking period, all stakers will receive the original assets they deposited into the…
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