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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Gas Limit

The maximum amount of gas a cryptocurrency user is willing to pay as a fee to transact or execute a smart contract function.

General Public License

A license that allows a user to copy and modify a piece of software as long as any works created are distributed under the same license.

Genesis Block

The first block recorded on a blockchain network.

GitHub

A provider of internet hosting for software development where teams can share, collaborate and save their open source code or proprietary code.

Golden Cross

A bullish chart formation where a shorter-term moving average crosses above a longer-term moving average.

Governance

On-chain governance is a system for managing and implementing changes to blockchains and for mediating between key stakeholders including project team, community, investors and blockchain validators.

Gwei

A small denomination of the currency Ether that is used to measure gas prices and is equivalent to 0.000000001 ETH.

Hacker

An individual with advanced understanding of computer systems that users that knowledge to gain unauthorized access to data.

Halving

The process a blockchain network goes when its block reward decreases to one-half of its previous value.

Hard Cap

The maximum amount of funds a project intends to raise during a fundraising event.

Hash

The output that is produced by a has function after a piece of data is mapped.

Hash Rate

A measure of how many calculations a computer or piece of mining hardware can calculate per second.

Hashed TimeLock Contract (HTLC)

A special feature that is used to create smart contacts that are capable of modifying payment channels.

High-Frequency Trading (HFT)

A version of algorithmic trading where a large number of orders are executed in fractions of a second.

Hold on for Dear Life (HODL)

A mistyping of the word ‘Hold’ that has become a popular acronym among crypto holders that stands for “Hold on for Dear Life” and refers to the concept of not selling a token no matter what happens to its price.

Honeypot

A mechanism used by computer security experts to detect or counteract unauthorized access to a system.

Iceberg Order

A conditional order to buy or sell a large total amount of an asset in smaller quantities for the purpose of concealing the total order quantity.

Immutability

The state of not changing or the inability to be changed.

Index

A financial instrument that is used to track the price of an asset or basket of assets.

Indexer

Fetches the raw data from the node, then processes it and stores it in the database in an efficient way to provide quick access to the blockchain data.

Initial Coin Offering (ICO)

A fundraising model where a newly launching project makes its tokens available to investors.

Initial Exchange Offering (IEO)

A fundraising model where a newly launching project uses a trusted intermediary such as an exchange to make its token available to investors.

Initial Public Offering (IPO)

A fundraising model where a private company begins offering its shares to the public for the first time.

Integrated Circuit (IC)

A small chip that holds a set of electronic circuits composed of transistors, resistors and capacitors.

InterPlanetary File System (IPFS)

An open-source project designed to create  protocol for distributed content storage and access.

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