Glossary

A fiat ramp is a gateway that allows fiat transfer from a traditional bank account, which can then be used to purchase crypto assets.

Fiat money and its currencies are government-created money, such as the euro, dollar or yen.

A fee is a small number of coins that you have to pay when triggering an action on the blockchain. Miners earn the fees in addition to the block reward.

A crypto faucet is a platform that rewards users with cryptocurrency for completing simple tasks, rewards are sent directly to user’s wallets.

An ETP refers to many financial instruments that are traded on exchanges and offer investors access to different asset classes.

Etherscan is the most widely used blockchain explorer platform developed primarily for the Ethereum network.

The ERC-20 token is a program code that is often used to create tokens within the Ethereum blockchain as part of a smart contract.

So-called early adopters are characterized by their willingness to take risks and are among the first to experiment with new trends.

In the crypto world, the term dump is used to describe a sudden and significant drop in the price of a digital asset.

A digital security offering (DSO) is a modern financial instrument that tokenizes traditional assets with the blockchain technology.

Double spending is a potential problem for digital monetary systems that Satoshi Nakamoto first resolved with Bitcoin.

Delegated Proof of Stake (DPoS) is a consensus mechanism used in certain blockchain networks to validate transactions.

Decentralized Exchanges (DEXes) in the form of Automated Market Makers (AMMs) offer a permissionless trading solution in the crypto space.

DeFi is an acronym for Decentralized Finance. It is a disruptive concept that replaces traditional intermediaries with decentralized protocols.

A Decentralized Autonomous Initial Coin Offering (DAICO) is a decentralized fundraising mechanism in the blockchain world.

DApp stands for “Decentralized Application,” and it is a term closely associated with blockchain technology.