intermediate

For readers who already own some crypto and want to understand what happens under the hood: custody, stablecoin mechanics, protocols and market structure.

Crypto Glossary 100 terms
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Web 3.0

Web3 refers to the use of blockchain technology to decentralize and improve the current internet infrastructure, envisioning a more open and secure internet that lets users control their own data. Full definition

Algorithm

Coded instructions or rules that are executed by a computer to solve problems. Full definition

Halving

The procedure of reducing the mining rewards on a blockchain by half. For the Bitcoin network, this occurs once every four years, or approximately the time it takes to mine 210,000 blocks. Full definition

Hash Rate

The unit of measurement of a network’s processing power. Full definition

Mining Pool

A group of miners that have unified their computing resources in order to distribute the mining rewards more consistently between its participants. Full definition

Paper Wallet

A physical document containing a public address and its corresponding private key, printed or written down for offline cold storage of cryptocurrency. Full definition

Scamcoin/Shitcoin

A cryptocurrency with little to no real utility, value, or long-term viability, often created purely to profit its founders at the expense of investors. Full definition

Dapps (Decentralized Applications)

Applications that run on a decentralized blockchain or peer-to-peer network of computers instead of a single centralized server. Full definition