Glossary

Blockchain, cryptocurrency, tokens, NFTs… these are some of the most searched key terms in the fintech industry today, mainly because these crypto terms are current and “new,” and to some, they may seem overly complex.

If you’re interested in DeFi or TradFi you’ll stumble across one or more of these terms to know, which is why we thought we’d share a comprehensive glossary to make these concepts simple and digestible.

This glossary will bring you up to speed with all the relevant DeFi and TradFi terms to know – all geared towards bolstering the understanding and widespread application of all of these concepts within the industry and beyond. 

Bookmark this page for future reference, and don’t forget to refer back to it –We will be updating it often.



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Public Key

A key used in asymmetric cryptography that is meant for use by the public, and can be shared by its assigned actor. Public keys are used to encrypt data and verify messages. A public key is mathematically linked to a private key.

Quantum Computing

A form of computing that operates using particles that function in superposition. These particles operate as qubits instead of bits, meaning that they can take the value of 1, 0 or both simultaneously.

Race attack

When two transactions are created using the same funds at the same time with the goal of conducting a double-spend event.

Ransomware

A type of malware that allows an attacker to take over a computer and threaten to destroy or reveal files unless a ransom is paid.

Rekt

A slang term in crypto describing when someone has their position liquidated or when a system suffers from a catastrophic failure.

Relative Strength Index (RSI)

A technical indicator used to measure market momentum and identify overbought or oversold conditions.

Resistance

A Technical Analysis (TA) term used to describe when a price that is increasing runs into sell pressure.

Return on Investment (ROI)

The ratio between net profit and net costs, which is used as a measure to assess the efficiency of an investment.

Rewards

Financial incentives that are distributed to validators for securing the network

Roadmap

A business planning technique that estimates and lays out short and long term goals on a flexible timeline.

Routing Attack

An attack that occurs at the Internet Service Provider level and is designed to affect uptime or participation in a web-enabled system.

Rug pull

When the development team for a project suddenly abandons it and sells or removes all liquidity for the projects token.

SOMA.finance

A compliant multi-asset DEX & issuance platform for tokenized equities, crypto assets, STOs, and NFTs. Read more here.

Satoshi

The smallest unit of a Bitcoin equal to one-hundred-millionth of a Bitcoin or 0.00000001 BTC.

Satoshi Nakamoto

The pseudonym of the creator(s) of the Bitcoin protocol and whitepaper.

Securities and Exchange Commission (SEC)

The U.S. governmental agency that is responsible for regulating securities markets.

Security Audit

An analysis that is conducted to evaluate how secure a system, smart contract or blockchain is against attacks or technical failure.

Seed phrase

Also known as a mnemonic phrase; a set of words (conventionally 12 or 24) that are used to generate private and public key pairs.

Segregated Witness (SegWit)

A process that allowed more transactions to fit within one block by separating transaction signatures from bitcoin transactions.

Selfish Mining

When a miner withholds and releases blocks in a strategic manner in order to gain a competitive advantage over the network.

Sell Wall

A large number or amount of sell orders at a specific price level on the order book for an asset.

Sentiment

The prevailing attitude of a community towards a specific cryptocurrency or financial market.

Sentry

a blockchain node that is also an edge server; typically, sentries do not participate as validator nodes, and exist as a layer of defense against attacks, malformed transactions or blocks, and other deformities on the upper levels of the OSI model.

Server

a computer process that provides resources, data, or services to other computers or clients over a network.

Server daemon

also referred to as a “daemon” — a server that runs in the background such that a human actor need not maintain an active user session in order to maintain the server’s execution workflow.

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