A string of characters that represents a wallet that can send and receive cryptocurrency.
airdrop [air-drop]
A marketing campaign that distributes a specific cryptocurrency or token to an audience via wallets.
block explorer [block ex-plor-er]
A tool that allows users to search and view the blockchain of a particular cryptocurrency. It provides information about the transactions and blocks within the blockchain, as well as information about the addresses and wallets associated with those transactions.
blockchain [block-chain]
A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies eg. Bitcoin, Ethereum, Solana, Avalanche.
burn
NFTs or coins are considered “burned” when they have been purposely and permanently removed from circulation
crypto [cryp-to]
Cryptocurrency, a digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
DAO
Decentralized autonomous organization, a blockchain-based org where all involved can have ownership and engage in decision-making.
DApp
Decentralized app, any practical application of blockchain and/or cryptocurrency, like mobile games or social sites.
decentralization [de-cen-tral-i-za-tion]
The transfer of control and decision-making from a centralized entity (individual or organization) to a distributed network.
defi [de-fi]
Decentralized finance, removes the control banks and institutions have on money, financial products and services.
fiat [fi-at]
A term for government issued currencies, like the US dollar or any currency controlled by a central authority.
floor
The lowest price available for an NFT in a collection, the minimum amount you need to buy one.
gas
The fee required to conduct a transaction or execute a contract on the Ethereum blockchain.
gwei
Denomination used to define the cost of gas in transactions on Ethereum.
maxi [max-i]
Maximalist, someone who believes that one particular crypto is the only viable one by far and predominantly invests in it.
metaverse [met-a-verse]
A digital universe with all the aspects of the real world—real-time interactions and economies.
mint
The creation of a new NFT token, turns a digital file into a crypto collectible or digital asset.
NFT
Non fungible token, a unique digital object that confers ownership of a virtual good, like a digital artwork or online collectible.
permissionless [per-mis-sion-less]
Often used to describe blockchains, a system where no entity can regulate who can use it and how.
P2E
Stands for "Play to Earn" a term used in the cryptocurrency and gaming industries to describe a type of game or platform that rewards players with real assets, such as cryptocurrencies or in-game items, for their participation and success within the game. These rewards are earned through gameplay and can be traded or sold on marketplaces for real value.
PFP
Stands for "Profile Picture" and is often used in social media or online forums to refer to a user's profile picture or avatar. In the context of cryptocurrency, it may also refer to a profile picture on a cryptocurrency exchange or trading platform.
seed phrase
A series of words that unlocks your crypto wallet. It's like your bank account number, your social security number, date of birth, home address, and ATM pin—all in one. If someone gets it, they can take all your Crypto assets.
self custody [self cus-to-dy]
Only you have the possession of your digital assets because you control the private key, versus holding assets at an exchange like Coinbase.
smart contract [smart con-tract]
A piece of code that self-executes once certain conditions are met, like a vending machine but online.
social token [so-cial to-ken]
A type of cryptocurrency that a brand, community, or influencer can use to monetize themselves.
token [to-ken]
A representation of an asset, can be held, traded, or staked to earn interest.
trustless [trust-less]
An environment where there is no centralized authority such as a bank.
wallet [wal-let]
In the context of cryptocurrency refers to a digital or physical storage device that holds and manages your digital assets, such as Bitcoin or Ethereum. It serves as a secure place to store your private keys, which are used to access and transact with your digital assets.
cold wallet [cold wal-let]
cryptocurrency storage solution that is offline and not connected to the internet. It is used to securely store and manage cryptocurrency assets, as it is less vulnerable to hacking and other forms of online threats. Cold wallets can take the form of physical devices, such as a hardware wallet, or they can be paper wallets that hold a printout of the private key needed to access the cryptocurrency.
hot wallet [hot wal-let]
A cryptocurrency wallet that is connected to the internet and is used for storing and conducting transactions with cryptocurrency. Hot wallets are typically used for more frequent and active trading, as they offer faster and more convenient access to funds. However, they are also more vulnerable to hacking and security breaches due to their connection to the internet.
whitelist
A list of addresses that get early and guaranteed access to mint NFTs at a specific date and window of time.
REKT
A slang term used in the cryptocurrency community to describe a person or entity that has suffered significant losses due to market volatility or poor investment decisions. It is derived from the phrase "wrecked," and is often used as a cautionary tale to warn others about the risks of investing in cryptocurrency.
rugged [rug-ged]
When developers market a project to generate sales and then abandon it, taking existing profits and the project value (and buyer's NFT) goes to zero SHILL – unsolicited endorsing in public, promoting an NFT you're dropping or a coin you’ve invested in.
sweep the floor
A term used in the crypto industry to describe the act of collecting small amounts of cryptocurrency that have been left behind or forgotten in various accounts or wallets. It is similar to the phrase "picking up pennies" as these small amounts of cryptocurrency may seem insignificant at first, but can add up over time. The term is often used in the context of "sweeping" an old or inactive wallet to gather any remaining cryptocurrency that may have been left behind.
wen
A slang term used in the cryptocurrency community to refer to when a certain event or action will occur. It is often used in discussions or discussions around the timing of a specific action, such as buying or selling a cryptocurrency, or the expected release of a new product or service. The term is derived from the phrase "when," which is used to ask about the timing of an event.
whale
A term used in the crypto world to describe a person or entity that holds a large amount of a particular cryptocurrency. These individuals or entities can have a significant influence on the price of the cryptocurrency due to their ability to buy or sell large amounts at once. They are often referred to as "big fish" in the cryptocurrency market.
