Crypto Dictionary

Following the popularity of Dogecoin and Shiba Inu, Dogelon Mars is one of the numerous dog-themed memecoin ideas to emerge in 2021. Dogelon, on the other hand, has loftier goals than the rest of the group — the project's declared goal is to establish a "space theme-related money" that future space colonists may spend on Mars and beyond. However, as of early 2022, the project's principal token, ELON, has few real-world use cases, and several of the project's aims are plainly intended to be ironic. However, Dogelon Mars' ardent backers may eventually guide the project into other options, earthbound or elsewhere.

With digital currency, there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original.

With digital currency, there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original.

Dual-chain systems are made up of two distinct blockchains that function in parallel. Blockchains have traditionally used a single chain as their core design. Dual chains, on the other hand, such as the Binance Chain and Binance Smart Chain, strive to increase functionality by combining two chains that are designed to manage various processes and may work independently of each other. A dual system allows for more efficient processing that can manage high traffic volumes, improves adaptability, and streamlines data processing.

The  Government of Dubai established the Dubai Multi Commodities Centre (DMCC) in 2002 to provide the physical, market, and financial infrastructure necessary to develop a hub for international commodities trade.

Due diligence is the process of consideration expected of individuals or businesses prior to entering into an agreement or contract. The phrase is often used in finance to characterize the study of prospective possibilities and risks, particularly in the context of investments and mergers, prior to acquisitions and asset transfers. The growth of new currencies, the majority of which are formed without a controlling authority to prevent fraud, poses a significant concern in the cryptocurrency space. Furthermore, real cryptocurrencies are frequently unpredictable, with considerable price fluctuations over short time periods. Given this, it is suggested that due diligence be performed prior to making an investment. Investigations may include chart analysis, forecasting, business-model and white paper analysis, assessing the validity of partnerships, doing research on team members, and so on.

The term "dust" refers to relatively small quantities of cryptocurrency. To manage transactions, blockchains such as Bitcoin use the idea of "unspent transaction outputs" (UTXO). UTXO model traders on a blockchain may obtain modest sums of "change" from a transaction. These little amounts of money are not always usable. Users are not permitted to transfer "dust" of a currency if doing so would cost more than the transaction costs specified. However, transaction costs change according on transaction volume, which means that individuals who hold defunct "dust" may be able to trade it at a later date.

An attacker uses a dusting attack to send small amounts of currency, known as "dust," to a significant number of crypto wallets. Attackers trace and analyze transaction data to determine individuals hidden behind wallet addresses. Some blockchains, such as Bitcoin, are pseudonymous, which means that once a user's identity is connected to a pseudonym, every blockchain activity conducted under that pseudonym may be traced back to them. A fraudster would frequently exploit the exposed transaction information in a malicious dusting attack to target an individual or organization via phishing, extortion, or intimidation. Government officials may also launch dusting operations to trace down questionable transactions from criminal organizations. Dust assaults can also be used by analytics and advertising firms. Following a dusting attack, hacked user information is exposed on the specific blockchain’s public ledger, and anyone can view it. 

The ERC-20 standard, first introduced in 2015, is a protocol for creating fungible tokens on the Ethereum network. There are hundreds of thousands of ERC-20 tokens available. Many tokens on the Ethereum blockchain work differently from one another. ERC-20 addressed this issue by developing standards for token functioning and providing a template for the token generation with the use of an API and smart contract technology. The ERC-20 standard influenced the whole cryptocurrency industry by simplifying token trading over the Ethereum network. Alternative standards, such as the ERC-223, have been proposed to solve apparent problems in the ERC-20 model.

Ether is a cryptocurrency native to the Ethereum blockchain, which is often referred to by the name of the blockchain platform on which it operates. It also has the second-largest market valuation of any cryptocurrency, after Bitcoin. Ether is used to pay for transactions on the Ethereum platform and is paid to miners who help the blockchain expand. Sometimes it is referred to using the Greek letter Xi (Ξ).

Ethereum is one of the most widely used blockchain systems in the world. Released for the first time in 2015, it is a decentralized ecosystem that uses open-source, distributed, blockchain technology. Thousands of computers using Ethereum clients maintain their virtual machine (EVM), allowing the platform to run continuously, uninterrupted, and immutably. Ethereum's native cryptocurrency is Ether (ETH), which trades closely with many other currencies and tokens on the platform. Building on the Bitcoin blockchain, Ethereum offers a platform that holds thousands of internationally distributed apps. Wise contracts are part of the platform and are written primarily in code language Solidity. Ethereum currently uses a proof-of-function algorithm as a blockchain compliant method but is eliminated by harvesting a less powerful Proof of Stake (PoS) model.

Ethereum 2.0 (Eth2) is an update to the current Ethereum public Mainnet that is intended to increase Ethereum usage and acceptance by enhancing performance. There will be a deployment of a Proof-of-Stake consensus method, which would change the network's current Proof-of-Work design.

Ethereum Killer is a cryptocurrency which is taking advantage of flaws in Ethereumand  has the potential to surpass Ethereum in the future, thus "killing" it in terms of adoption or popularity. 

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.

The Ethereum Virtual Machine (EVM) is a computing engine that functions as a decentralized computer with millions of applications that can be executed. It serves as the virtual computer that underpins Ethereum's whole organizational framework.It is regarded as the component of Ethereum that manages the execution and deployment of smart contracts. The EVM's job is to provide a few new features to the Blockchain so that users of the distributed ledger encounter problems. The EVM is used by each and every Ethereum node to maintain blockchain consensus.

An exchange-traded fund (ETF) is a pooled investment asset that functions similarly to a mutual fund. ETFs often follow a specific index, sector, commodity, or other asset, but unlike mutual funds, ETFs may be bought and sold on a stock market in the same way that conventional stocks can. An ETF can be designed to follow anything from the price of a single commodity to a huge and varied group of commodities. ETFs can even be designed to follow certain investing strategies.

When the price of an asset has been declining over time, a wedge pattern may form right before the trend's last downward movement. As the price slide loses pace and buyers enter the market to halt the rate of loss, the trend lines formed above the highs and below the lows on the price chart pattern may converge. The price may break through the top trend line before the lines merge.

A Fear and Greed Index is a market sentiment research tool. Fear and Greed indices consider a variety of criteria to assess the general mood of traders in a market. Fear and Greed Indexes, which were first developed for stock markets, are based on the assumption that fear and greed are the primary emotions that drive market unpredictability and produce volatility. When panic grips a market, assets may become undervalued. Assets, on the other hand, might become overpriced during moments of extreme greed. Crypto Fear and Greed Indexes measure market sentiment by analyzing market volatility, volume, social media content, and trends.

Fear, uncertainty, and doubt (FUD) are believed to be the most important emotions that affect traders. FUD is used by influencing parties to control behavior in sales, politics, financial markets, and other areas. Anyone may use cognitive biases to create FUD by exaggerating the advantages, doubting the information, or emphasizing the negative aspects of certain trading alternatives. People employ FUD in the crypto space to devalue certain coins or the entire crypto market. Professional traders must be able to tell the difference between actual analysis and rumor.

The term fiat currency refers to any government fund that can be used as a legal tender. This type of currency isn't backed by a commodity and enables central financial institutions, such as banks and governments, to control the amount of money printed. Due to government regulations, fiat money has no internal value and can suffer from hyperinflation. Fiat currencies are value stores, exchange methods, and account units. Processing fiat currency transactions require more time than done with cryptocurrency, and there may be higher costs associated with trading. Many modern paper currencies, such as the Indian National Rupee - INR, U.S. Dollar, and Euro, are fiat currencies.