Cryptocurrency Dictionary

2 Factor Authentication is a security measure with two layers. It is used by the majority of cryptocurrency exchanges. To log in, you must provide not only a password, but also a code obtained, for example, from the Google authenticator.

A '51 percent attack' is a potential attack on a blockchain by a group of miners who possess more than 50% of the hashrate. In such a case, the'miners' have the option of purposefully failing to confirm transactions or issuing transactions twice (double-spend).

An airdrop is a method of distributing coins. End users can typically obtain coins for free or in exchange for doing a small task, such as subscribing to a newsletter, sending a tweet, or inviting others via a personal affiliate link. Cryptocurrency airdrops — the act of depositing cryptocurrency into public crypto wallets — are utilized as a marketing, liquidity creation, and network bootstrapping technique for many different types of blockchain initiatives.

Algorand is an open-source, decentralized blockchain network that uses a two-tiered structure and a unique form of the Proof-of-Stake (PoS) consensus method to speed up transactions and achieve finality. Algorand's block rewards are given to all ALGO currency holders, providing a possibility for all ALGO holders to gain rewards rather than simply block creators.

Altcoin - "alternative coin" - is any kind of digital currency other than Bitcoin. Since the launch of Bitcoin, the world's first digital currency, many altcoins (as well as supporting blockchains) have been created. Altcoin digital currencies share many similarities to Bitcoin, but consistently and have significant differences. There are about 20,000 altcoins, and this number is expected to grow significantly in the coming years. Altcoins often develop Bitcoin features. Ethereum, currently the most widely used blockchain, supports digital contracts and separate applications where Bitcoin does not. Altcoins are also often created to cater to the needs of different users. The Litecoin blockchain, for example, can process payments quarterly for the duration of Bitcoin.

While asset-backed and crypto-collateralized stablecoins are important components of the digital economy, algorithmically driven assets such as Ampleforth are developing with a more decentralised approach that is less influenced by conventional financial procedures. With a variable supply, Ampleforth's AMPL currency promotes price stability. This is accomplished by a rebasing mechanism, which changes the supply of AMPL on a daily basis, offering better price stability than fixed-supply cryptocurrencies.

Animoca Brands is a digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. It is a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021. The company creates and publishes a diverse range of products, including the REVV and SAND tokens, as well as original games like The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products based on popular intellectual properties like Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGPTM, and Formula E.

The amount of money earned on an interest-bearing account, annualised over a year, is expressed as an annual percentage yield. You earn more money on the balance of a savings account with a higher APY.

An anonymous person is able to function or communicate in a way that renders them unrecognizable. Consider the comments area of a website, where no login is required and people can remark anonymously. This is anonymity.

The term AML is an acronym for 'anti-money laundering.' AML stands for anti-money-laundering policy and regulation. This prohibits funds obtained unlawfully from being turned into a legal variant. AML procedures are increasingly being adopted by exchanges and wallets in the crypto sector. This word is also known as AML/KYC, in  which stands for 'know your customer.'

Providing accurate external data to on-chain environments is essential for creating powerful decentralized apps, platforms, and marketplaces. API3's dAPIs — decentralized APIs – transform real-world data from current Oracle APIs, allowing for native flexible and compatible with smart contracts, dApps, and blockchain-based applications. Decentralized APIs can be linked to support almost any blockchain and serve as a multi-layer, cross-platform oracle solution for giving data to any decentralized ecosystem that requires it.

Arbitrage trading is the legal act of benefitting from differences in asset purchase and sell prices. Traders generally take advantage of market disparities by purchasing an asset on one exchange and selling it on another. Exchanges price assets in various ways and may have differing liquidity levels. This variation produces market inefficiencies, and the same currencies become accessible at various prices, allowing for arbitrage trading. In the crypto world, there are numerous sorts of arbitrage. These include buying and selling assets on multiple exchanges at the same time, employing cryptocurrency pairings for triangle arbitrage, and using decentralized exchanges.

With its decentralized design, Arweave aims to make information permanence cost-effective and scalable. The protocol serves as the foundation for the permaweb, a future version of the web in which webpages and apps are maintained indefinitely and information can be traced back to its source. Arweave's distinct blockweave architecture, miner content management regulations, and competition-based strategy set it apart from the plethora of decentralized storage network solutions now available. Arweave is much more than just a data storage protocol; it's a complete, transient layer of the internet.

Audius is a music distribution and discovery platform that is equal parts social media, music marketplace, and decentralized streaming service. It is meant to serve the core operations of the music business in an equitable and inclusive manner that incentivizes artists and fans. Peer-to-peer (P2P) content sales, a reward structure via its native AUDIO token designed to incentivize fan sharing and engagement, an emergent decentralized governance structure that places direct decision-making power in the hands of fans and artists alike, and a multifaceted marketplace are among Audius' numerous features.

Augmented Reality (AR) is a technologically enhanced representation of the real physical environment that is created by the use of digital visual components, music, or other sensory stimulation. It is a developing trend among organisations active in mobile computing and, in particular, commercial apps.

Automated liquidity protocol is a method used in international exchanges to improve the availability of goods. Small, spatially traded trades cannot successfully use the order book model for commercial purposes because doing so requires a large number of users in the trade to match buy and sell orders. If there are not enough suppliers available for the product, it will have a low liquidity. Multi-location exchange operates in an automated market maker system that uses mathematical formulas and smart contracts. These automated protocols using cash pools allow users of the exchange to lock their funds to create a continuous cryptocurrency discovery.