Audit

An audit is the process of reviewing and assessing the security, functionality, and codebase of a blockchain project, smart contract, or cryptocurrency platform. Audits are conducted by independent third-party firms or experts to identify vulnerabilities, bugs, or potential issues that could pose risks to users or investors.

Related Words

ADA

Stands for a native cryptocurrency of the Cardano blockchain platform, which was launched by Charles Hoskinson, a co-founder of the Ethereum network, in 2017. ADA is the native cryptocurrency of the Cardano platform. It was named after Ada Lovelace, the 19th-century mathematician and the daughter of a famous English poet Lord Byron.

Airdrop

Airdrop refers to cryptocurrency coins or tokens, NFTs for free. Some new projects may start airdropping of free assets to use this strategy as a marketing strategy for NFT/ crypto-related projects to attract attention and new followers.

Address

Address is a string of symbols that acts as a place where users can receive, store, or send cryptocurrency. Every crypto address is unique.

Altcoin

Altcoin is a name for an alternative coin, all coins that are not bitcoin (BTC). The biggest one is Ethereum (ETH).

Ape

Ape occurs when you buy a new coin. As an example, I’m aping ADA this today.

Atomic swap

Atomic swap is a straight exchange from separate blockchains. The swap is managed between two people without a third party’s interference.

APY

APY — is an acronym for an “annual percentage yield.” It’s the annualized sum of an investment’s return, factoring in compound interest that grows with the balance. Compound interest is an interest gained from the initial deposit, and the interest earned on that interest.

APR

An annual percentage rate (or APR) is an annual rate that customers get for lending their crypto assets for borrowers to access investment companies or cryptocurrency exchanges. The invested crypto assets will be locked for a particular time period, and then investors will get a fixed interest rate. NBI Don't mix APR up with APY (annual percentage yield)

Algo Trading

Algo Trading is an automated trading process when you are using pre-set instructions on a computer program.

Asset

An asset is a digital or virtual form of value that can be traded, transferred, or used as a medium of exchange on blockchain networks. These assets can include cryptocurrencies, tokens representing ownership or utility in dApps, and other digital financial instruments.

Account Abstraction

Account abstraction is the concept of extending the capabilities of blockchain accounts beyond simple balance tracking and transaction signing. It allows accounts to execute more complex and customized code, enabling DApps to perform a wider range of functions on the blockchain, including smart contract execution, without relying only on miners or validators to process these transactions.

Algorithmic Money Market (AMM)

An Algorithmic Money Market (AMM) is a DeFi platform, e.g. Compound, that employs smart contracts and automated algorithms to provide lending, borrowing, and liquidity provision services without traditional intermediaries. It allows users to earn interest on their assets or borrow cryptos based on the market-driven pricing determined by these algorithms, fostering a more efficient and decentralized financial ecosystem.

AppChain

An AppChain (Application Chain) is a blockchain or blockchain-like network specifically designed to support DApps. It provides a dedicated environment for developers to deploy and run their apps while benefiting from the security and consensus mechanisms of the underlying blockchain. AppChains are often used in multi-chain ecosystems to optimize scalability and tailor the blockchain infrastructure to the unique requirements of various DApps.

Aave

AAVE is a DeFi protocol and cryptocurrency that allows users to lend and borrow various cryptos without the need for traditional financial intermediaries, such as banks, by using smart contracts on the Ethereum blockchain.

Arbitrage

Arbitrage is the practice of buying and selling the same digital asset on different exchanges or markets to take advantage of price differences. Traders engage in arbitrage to profit from variations in crypto prices, exploiting the temporary inefficiencies in pricing across multiple platforms.