Glossary

Cryptoprocessing
Crypto Glossary

5 A B C F J K L M S T

5

51% AttackA 51% attack occurs when a malicious entity seizes control of more than half of a blockchain network’s mining power.

A

AMM (automated market maker)An Automated Market Maker (AMM) is a decentralized trading protocol that uses smart contracts to facilitate asset swaps by managing liquidity pools and determining prices algorithmically.

AUM in СryptoAUM is the total market value of the investments controlled by a company or an individual on behalf of the clients.

B

Bitcoin DAppsBitcoin DApps (Decentralized Applications) are applications that run on decentralized networks and use Bitcoin’s blockchain or Layer 2 solutions. While Bitcoin itself lacks native smart contract support, these platforms enable functionalities like smart contracts, DeFi, and NFTs on Bitcoin.

C

Crypto bubblesA crypto bubble refers to the rapid increase in the value of cryptocurrencies followed by a sharp decline, often driven by speculative trading rather than intrinsic value.

Crypto SnapshotA crypto snapshot serves as a fixed point-in-time record of a blockchain, capturing the complete set of wallet assets, transactions, and associated data at a designated block level.

F

FungibilityFungibility - is the ability of an asset to be exchanged for another of the same type.

J

JOMOJOMO, or the Joy of Missing Out, is the conscious choice to opt out of crypto market hype, reduce stress and risk, and focus on clarity and control.

K

KYCKYC is short for Know Your Customer and refers to the identity verification process adopted by financial institutions, such as cryptocurrency exchanges and platforms with the purpose to confirm the legitimacy of their customers.

L

LeverageLeverage is a tool that allows the use of borrowed funds for trading with minimal initial capital.

Limit OrderA limit order is a trading instruction that lets users buy or sell an asset only at a specific price or better.

M

Market capMarket cap is determined by assessing the worth of each coin or token and then multiplying that value by the overall quantity of coins or tokens available.

S

SaaS Payment GatewayA SaaS payment gateway is a cloud-hosted solution that allows businesses to securely process digital payments with seamless integration and real-time insights, with no need for in-house infrastructure or maintenance.

Smart TokenSmart token is a programmable digital asset that uses smart contracts to autonomously execute functions on a blockchain, adapting its behavior based on predefined rules for enhanced use in decentralized finance (DeFi) and other blockchain applications.

T

ThroughputThroughput quantifies the volume of transactions a blockchain can handle over a specific period, often measured in transactions per second (TPS).

Token IssuanceToken issuance is the process that involves the creation and distribution of new digital assets designed for use within specific cryptocurrency networks. These tokens can serve various purposes, such as being used for transactions, access to platform features, or representing assets within the network.