Cryptocurrency Terms to Know Before You Invest
Here is a quick guide to cryptocurrency terms. We define technical terms, slang, acronyms, and other jargon related to cryptocurrency.
-
CENTRALIZED
Controlled by one group or within one certain area.
-
CENTRAL LEDGER
An irreversible list of all transactions that have ever occurred on a platform.
-
CIRCULATION
Free movement of coins between individuals.
-
CIRCULATING SUPPLY
The volume of coins being held and spent at a given time for a given cryptocurrency.
-
COIN
A cryptocurrency that relies solely on its own technology to function.
-
COLD STORAGE
In the cryptocurrency sphere this term refers to storing cryptocurrency in a location that is offline and thus inaccessible by anyone on the internet.
-
COLD WALLET
An offline wallet for holding cryptocurrencies. Considered more secure than hot wallets.
-
CONFIRMATION
Verifications of consensus by miners and/or nodes. After an individual sends payment on a block chain, confirmations are required before the recipient can accept payment.
-
CRYPTOCURRENCY
Digital currency that uses cryptography. Bitcoin & Altcoins are all types of cryptocurrency.
-
CRYPTOGRAPHY
Code making, breaking and studying.