Glossary

The term “hardcap” refers to the maximum amount that can be raised in a fundraising campaign or initial coin offering (ICO).

The Bitcoin block reward is halved every 210,000 blocks, or roughly every 4 years, resulting in a lower inflation rate with each cycle.

Gwei is commonly used on the Ethereum blockchain as a unit of measurement for the amount of gas required to execute a transaction.

A Genesis block is the first block of a blockchain. The accounts of the first owners of a coin are also called Genesis accounts.

On blockchain networks, the “gas limit” is the maximum amount of computing work that can be carried out in a single transaction.

Gas is a unit of measurement for the computing work required to process and validate transactions on a blockchain.

Fungibility describes goods that are quantifiable (e.g. by measure, number or weight), making them interchangeable within a given group.

A fullnode is a node that has downloaded and checks the whole blockchain for its integrity.

Fear, uncertainty, and doubt (FUD) are three key elements that can greatly affect the success of a cryptocurrency project.

In the case of a fork, a new version splits off from the existing blockchain in order to function as its own network from then on.

FOMO is an acronym for fear of missing out. In the cryptocurrency market it refers to missing out on returns that other may be enjoying.

A flash crash is a very sharp drop in price that only lasts for a few minutes and then returns to the previous price level.

If a coin overtakes another coin in its market capitalization, this is called flippening.

The Flappening is a term referring to an event when Litecoin regains its leadership over Bitcoin Cash in terms of market capitalization.

A first-mover-advantage is an advantage that a business can have by becoming the first significant player to enter a new market.

Washtrading, i.e. the artificial inflation of trading volumes, is a popular marketing tool of some exchanges in the crypto-market.