Glossary
Time to understand the language.
Actor
Address
Airdrop
Altcoin
Anti-Money Laundering (AML)
Application-Specific Integrated Circuit (ASIC)
Banking Secrecy Act (BSA)
Bitcoin (BTC)
Block
Block Depth
Block Explorer
Block Height
Block Reward
Block, Canonical
Block, Genesis
Blockchain
Blockchain Transaction Fees
Bug Bounty
Byzantine Fault Tolerance
Certificate Authority (CA)
Client
Closed Source
Closed Source
Coin
Coinbase
Cold Wallet
Command-Line Interface
Confirmation
Consensus
Consortium
Corda
Crypto Exchange
Cryptocurrency
Cryptography
Currency
Currency
Custodial
DAPP
Decentralization
Decentralized Autonomous Organization (DAO)
Decentralized Finance (DeFi)
Digital Identity
Digital Signature
Directed Acyclic Graph
Distributed Ledger
Double Spend Attack
EOS.IO
ERC20 Token Standard
Ethereum
Ethereum Enterprise Alliance
Ethereum Improvement Proposals (EIP)
Ethereum Virtual Machine
EWASM
Exchange
Exchange (Decentralized)
Fiat
Financial Crimes Enforcement Network (FinCEN)
Fintech
Fork
Fungibility
Gas
Gas Price
Genesis Block
Graphical User Interface (GUI)
Halving
Hardware Wallet
Hash
Hash Collision
Hash Function
Hashgraph
Hashrate
Hexadecimal Notation
Hot Wallet
Hybrid Consensus Model
Hyperledger
Immutability
Initial Coin Offering (ICO)
Java
Javascript
Know Your Customer (KYC)
Liquidity
Mainnet
Market Capitalization
Merkle Proof
Merkle Root
Merkle Tree
Metaverse
Miner
Miner, ASIC
Miner, CPU
Miner, GPU
Mining
Mining Pool
Multi Signature (MultiSig)
Network
Node
Node, Full
Node, Light
Non-Custodial
Non-Fungible
Non-Fungible Token (NFT)
Opcode
Open Source
OpenSea
Oracle
Oracle
Peer-to-Peer (P2P)
Private Blockchain
Private Key
Private Key Infrastructure (PKI)
Proof-of-Liquidity
Proof-of-Stake
Proof-of-Work
Protocol
Public Blockchain
Public Key
Ring Signature
Satoshi Nakamoto
Scalability
Serialization
Shard
Slashing Condition
Smart Contract
Solidity
Stablecoin
State Machine
Tangle
Testnet
Testnet
Token
Tokenization
Transaction Block
Transaction Fee
Transaction Pool
Trustless
Turing-Complete
Turing-Machine
Unspent Transaction Output
Validator
Virtual Machine
Vyper
Wallet
Web Assembly (WASM)
White Label
Zero-Knowledge Proof
Actor
In the blockchain industry, an actor refers to any entity with the capabilities for participating in a specific action or network.
Address
In blockchain terms, the address generally refers to the public address related to a private key. The addresses work as the identity of an actor or an account, and in most cases are available in hexadecimal notations.
Airdrop
Airdropping is a method of token distribution, which helps in sending tokens or cryptocurrency to wallet addresses. Airdrops are typically utilized for marketing purposes to increase app downloads, sign-ups, reshares, and referrals.
Altcoin
Altcoins are digital currency alternatives for Bitcoin. The majority of altcoins are forks of Bitcoin, with few changes. An example of this is Ethereum (ETH).
Anti-Money Laundering (AML)
Anti-money laundering refers to the collection of international laws implemented for reducing the possibilities of money laundering through cryptocurrencies.
Application-Specific Integrated Circuit (ASIC)
ASIC is a type of computer processing chip that performs a singular function. Due to its specialization, an ASIC is much more efficient and cost-effective than a generalized computer processor that can perform many functions. In the blockchain industry, ASIC boards have been used to perform the SHA256 hashing required for Proof-of-Work (PoW), greatly outstripping the hash rate of even the most powerful GPU miners.
Banking Secrecy Act (BSA)
Legislation passed in the United States in 1970 that requires financial institutions to assist government agencies in detecting and preventing money laundering. BSA requirements include mandatory reporting of certain activities, record keeping for all customers, and limitations on what kind of monetary instruments may be purchased or exchanged.