Glossary

Arbitrage is a trading strategy that takes advantage of price differences for the same (crypto) asset on different marketplaces.

An Antminer is a popular brand of cryptocurrency mining hardware (ASIC) developed by Bitmain Technologies.

Application Specific Integrated Circuits (ASICs) are hardware specially designed for a specific use case such as mining.

Cypherpunks are advocates of strong encryption, privacy and decentralized technologies that protect against surveillance.

CryptoKitties is a pioneering project that has introduced the concept of Non-Fungible Tokens (NFTs) into the mainstream.

Protecting your own digital assets is of the utmost importance, cold storage is a robust defense mechanism.

Central Bank Digital Currencies (CBDCs) are digital versions of fiat currency, created and backed by central banks.

Block rewards incentivize validators of a blockchain to make their resources available to the network to verify transactions.

The block times of a blockchain affect transaction speed as well as network security.

A “bounty” represents a unique and intriguing concept to incentivize through rewards in the crypto sector.

Bear markets are downtrends in financial or crypto prices, investor sentiment, and market performance.

Coin burning is the process of permanently removing coins (tokens) from the circulating supply, thereby reducing the overall supply.

Bitcoin (BTC) is the first and leading cryptocurrency based on blockchain technology, which enables direct transfers of value between users (peer-to-peer) without intermediaries, and is secured through a decentralized process called Bitcoin mining.

A “bagholder” is an investor who holds a depreciating asset. This is particularly common in the crypto space.

Business-to-business (B2B) refers to commercial interactions that take place between two or more companies.

An airdrop refers to a process in which a project distributes tokens for free to active members of the crypto community.