A bitcoin transaction that has been relayed to nodes in the Bitcoin network but has not yet been incorporated into a block. Also known as an unconfirmed transactions.
An electronic method of transferring money from one party to another.
An informational document that generally informs readers on the philosophy, objectives, and technology of a project or initiative. White papers are often provided before the launch of a new coin or token. They are largely held to academic/institutional-grade standards of writing.
A list of registered and approved participants that are given exclusive access to contribute to an ICO or a pre-sale.
The smallest denomination of ether. 1 ether = 1000000000000000000 wei.
A store of digital assets analogous to a digital bank account. Crypto wallets can be divided into two categories: hosted wallets (e.g. wallets store on exchanges or third-party servers) and cold wallets (e.g. hardware wallets such as the Ledger Nano S, paper wallets, and desktop wallets).
The measure of fluctuations in price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
One of the primary co-founders of ethereum (and certainly the most well-known).
A bitcoin that has been received by a miner as a block reward, and thus has never been spent before.
An indicator of how quickly money received is then spent again. For bitcoin, we use “bitcoin days destroyed” to measure its velocity. This velocity can indicate whether people are hoarding or spending their bitcoins.
A Bitcoin address which contains a desired word/pattern or sequence of numbers. Similar to a customized number plate.
All cryptocurrency transactions involve a small transaction fee. These transaction fees add up to account for the block reward that a miner receives when that person successfully processes a block.
A group of transactions that are collected and hashed on the Bitcoin network by being added to the blockchain.
The total quantity of shares or contracts traded for a specified security
The total number of coins or tokens that are in existence, including those circulating in the public market and those that are locked or reserved.
Tor, which stands for 'The Onion Router', is a free web browser designed to protect users anonymity and resist censorship, allowing them to surf the web anonymously and access sites on the deep web.
Crypto tokens enable the creation of open, decentralized networks, and provides a way to incentivize participants in the network (with both network growth and token appreciation). This innovation, made popular with the introduction of ethereum, has given rise to a wave of token networks (e.g. prediction markets, content creation networks, etc.) and token pre-sales, or ICOs.
A proof that a piece of data existed at a certain point in time. For bitcoin, this is the cryptographic proof when transactions have taken place.
A potential future event wherein Ethereum’s market cap surpasses Bitcoin’s market cap, making ethereum the most valuable cryptocurrency.