Glossary

CryptoWalletGuides maintains this glossary to provide clear definitions for common and complicated crypto terminology.

Blockchain

A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.

Blockchain Explorer

An online tool designed to display and report onchain data such as transactions, blocks and wallet addresses related to a certain blockchain.

Central Bank Digital Currencies (CBDC)

A CBDC is issued and regulated by a nations central bank and monetary authority as a digital representation of a Fiat currency pegged 1:1.

Cold Storage

The practice of removing coins from exchanges and third parties and self custodying them in an offline wallet.

DApp

A decentralised application operates autonomously through the execution of smart contracts on blockchain or other distributed ledger system.

DeFi

Decentralised Finance is an emerging financial technology that eliminates third parties and promotes peer-to-peer transactions.

Hodl

The acronym for "Hold On for Dear Life", often used to describe the strategy of long term holding despite fluctuations and volatility.

NFT-Non Funfible Token

A cryptocurrency token that represents ownership of a unique real-world or digital asset that cannot be replicated.

Yield Farming

Engaging in DeFi and Staking activity to generate the highest yeilds and returns for crypto assets.