CRYPTO CURRENCY DICTIONARY

TERMS COMMONLY USED IN THE WORLD OF BLOCKCHAIN AND CRYPTOCURRENCY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Programmable Money

Programmable money is money with in-built rules and that comes with limits for the user. With these regulations, money can be programmed to have restrictions, such as having a limited supply for a certain product.

Other Important Terms

Stealth Address

Stablecoin is a cryptocurrency that is immune to significant price changes. It is a hybrid of a fiat money and a regular cryptocurrency. Stablecoins can be fiat-collateralized, crypto-collateralized, or non-collateralized to preserve value stability. Fiat-collateralized stablecoins are backed by fiat money or assets like as gold and silver. Tether (USDT) is an example of a fiat-collateralized stablecoin, as it is tethered to the US Dollar as its reserve asset. non-collateralized stablecoins are priced using an algorithm. Stablecoins that are crypto-collateralized are connected to other cryptocurrencies and are frequently "over-collateralized" to prevent price fluctuations.

Ethereum Name Service (ENS)

The Ethereum Name Service (ENS) is the blockchain version of the well-known internet naming system known as the Domain Name System (DNS). ENS allows decentralised websites and wallets to map their IP addresses to human-readable domain names, similar to how DNS allows websites to map their IP addresses to human-readable domain names (such as gemini.com). However, rather than replacing the old method of doing things, ENS is intended to supplement the existing DNS system and even allows users to register ENS names for DNS domains that they already control.

Digital Signature

A digital signature is a cryptographic value created by a hash function. Digital signatures are used to validate and preserve the integrity of digital messages, transactions, documents, and data. Physical data is less subject to attacks and security breaches than digital data. The recived, hashed data used as digital signatures are difficult to fake, making it difficult to verify an object was not manufactured fraudulently or modified with. Some digital signatures are legally enforceable. Asymmetric cryptography (also known as public-key cryptography) underpins digital signatures on blockchains. Traders safeguard transactions by signing and decrypting them with a secret private key and receiving and encrypting them with a public key.

Anonymity

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.

Vaporware

Vaporware, sometimes written "vapourware," is undelivered hardware or software that is slated for distribution in the future. The phrase "vaporware" is derived from the words "vapor" and "software" or "hardware." Cryptocurrency initiatives that have yet to materialize are sometimes referred to as vaporware. Because the crypto market is unregulated, developers make claims about items that will cause currency values to grow or offer bogus tokens. Furthermore, some organizations postpone project termination statements, leaving interested parties in the dark. Crypto pundits frequently misuse the term vaporware in a pejorative way to disparage projects with reasonably long development schedules. One famous example is Ethereum, which was first seen as vaporware by some.

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