Crypto Glossary(F-P)

A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.

Refers to the feeling of apprehension for missing out on a potentially profitable investment opportunity and regretting it later. Generally an expression describing investors' fear of missing out the good timing of buying cryptocurrencies that could eventually be profitable

A strategy to dissuade people from buying a particular cryptocurrency by spreading false information

Cryptocurrencies are pegged to an underlying asset.

Flappening is a term used to describe Litecoin growing bigger and becoming more valuable than Bitcoin Cash (BCH). It is spawned from the term Flippening (used when another crypto overtakes Bitcoin).

To intercept a particularly large AMM buy order for the purpose of purchasing an reselling the assets back to the buyer before the order transaction is mind on the blockchain.

Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.

FPPS is quite similar to PPS; the only difference is that the pool will additionally pay a transaction fee incentive if the block is identified. FPPS is the same as PPS+.

Fully Diluted Valuation (FDV) is the market capitalization if the max supply of a coin is in circulation. The common mathematical formula used to calculate FDV is Current Price x Max Supply. Note that it can take 3, 5, 10 or more years before the FDV can be reached, depending on how the emission schedule is designed.

An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.

A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.

A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.

A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.

It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.

GM is the short form writing for good morning. Used extensively within the crypto community where individuals greet each other casually. On the other hand, good night (gn) is used when people sign off for the day.

A term used to describe the market's persistent downtrend, synonymous with "bear market".

It is a bullish signal in technical candlestick pattern by comparing two lines of short-term moving average and long-term average. It is a golden cross when the short term moving average broke its long-term moving average.

The monetary domination of gas, involving Ether.

Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.

The maximum amount that an ICO will be raising.

It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.

A hash function is an output code (unique and alphanumeric) that we obtain from an input string.

Hashgraph is a distributed ledger system that has been compared to the blockchain idea as a continuation or successor.

Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.

A term made popular by Carlos Matos who was the spokesperson for the Bitconnect Ponzi. He used it frequently during Bitconnect events to rile up the crowd.

A crypto slang of saying holding the assets rather than selling it. A crypto slang encouraging investors to hold on to their assets rather than selling it.

It is a tool that store your cryptocurrencies and always connected to internet.

It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.

Hyperledger is an open source collaborative effort to create blockchain technologies hosted by The Linux Foundation since 2016.

Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.

A property characterized by inability to be change and stays unchanged over time.

Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.

Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.

It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions.

Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.

The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.

Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.

Abbreviation for: if you know you know. The phrase implies that the user has dropped some sort of insider knowledge about a specific experience. Often, the post will have some callback to a particular experience that will instantly stand out to those who are “in the know,” or ironically sharing commonly known information.

The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.

KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.

A record of financial transactions that cannot be changed, only appended with new transactions.

It is an investment strategy to gain potential return of the investment by borrowing the money.

It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.

Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached

The ease of which cryptocurrency can be bought and sold without impacting the overall market price.

A proof of stake consensus mechanism by Tezos that slightly differs from Delegated Proof of Stake.

Liquid staking derivatives are tokens representing staked assets in proof-of-stake networks, enabling liquidity and flexibility while earning staking rewards. They allow users to trade or use their staked assets without locking them in the network. Ie. Lido's stETH

It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.

Margin call takes place when investor's margin account falls below the required amount to stay afloat.

It is a way of investing by borrowing money from a broker (or in crypto, an exchange or platform) to trade

In Crypto, market cap is measured by multiplication of the circulating supply of tokens or currency and its current price

Participant of the market who creates buy and orders

A market order is a buy or sell order of stocks or cryptocurrency at the best price available in the current market as soon as possible.

Participant of the market who buys and sells from currently existing orders

Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.

It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain

A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.

The Metaverse is a virtual space where users are able to interact with each other in a computer generated environment.

One millionth of a bitcoin or 0.000001 of a bitcoin. Microbitcoin is the abbreviation of uBTC and often misunderstood as the fork of Bitcoin.

Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.

Middleware refers to a layer of software or services that sits between the blockchain network's core protocols (e.g., the blockchain itself) and applications or services built on top of the blockchain. Middleware serves as an intermediary that provides additional functionalities and tools to make it easier for developers to interact with the blockchain and build decentralized applications (dApps). In Web3 industry, typical middleware are oracles, cross-chain bridges, indexer, decentralized identifier(DID), data availability layer, etc.

A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.

Contributors to a blockchain taking part in the process of mining.

It is the process of the miners verify and adding transaction recors into a block.

Another term for cloud mining, where users can rent or invest in mining capacity online.

Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.

The reward resulting from contributing computing resources to process transactions

A dedicated hardware to mine

A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.

Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.

A meme made to describe the US Fed printing excessive amount of money to support the traditional financial market to avert the stock market crash during the COVID-19 coronavirus pandemic.

"Moon" or "To the moon" is a crypto slang that describes an exclamation when the cryptocurrencies prices are rising and when it hit the peak, the coin is said to be "mooning".

Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).

They are wallets that require more than one key for transactions to be authorized.

Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain

Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.

It is a decentralized type-of-wallet, where the users owns its private keys.

They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value

It refers to transactions occuring outside the blockchain and executed instantly.

They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value

The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.

Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.

It is a financial instruments that refers to a contract offers the buyer the right to buy or sell an underlying assets at a specified price and time.

In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.

An electronic list of all buy and sell orders in an exchange

It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties

PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.

You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.

A communication protocol that does not require a central hub

It is a private blockchain where the nodes must be previously authorized by a central entity.

It means both 'profile pic' and 'picture for proof'.

A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.

A portfolio consists all of your current crypto holdings in one place.

A typically exclusive token sale event preceding a public ICO

Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.

The alphanumeric string which allows transactions from the cryptocurrency address

A consensus algorithm that asigns block validation queue based on identity and reputation.

A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.

A concept of identifying the developers of a project as a means of vouching reputation for a project

A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.