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Explore approved Crypto definitions, everyday examples and related lessons.
Showing 11 of 11 matching terms
A count of unique blockchain addresses meeting a data provider's activity rule during a stated period. That rule may include transfers or other ledger activity. Repeated activity by one address is counted once under the metric; an address count is not a count of people.
Example: A shop counts 40 loyalty cards used today. One shopper may use several cards, so 40 cards does not prove there were 40 people. Blockchain addresses have a similar measurement limit.
In Bitcoin, a code that helps a payer wallet create the spending conditions for a payment output. It is a payment destination, not proof of the recipient identity. Other networks use different address and account models.
Example: Think of a delivery destination rather than a person's name. In a Bitcoin payment, the address helps the wallet create spending conditions; the visible code alone does not identify the recipient.
A scam in which an attacker places a look-alike address in your transaction history, hoping you will later copy it by mistake and send funds to them.
Example: A fake contact with a name almost like your sister's appears in your phone. Choosing it from recent contacts sends the message to the wrong person. A look alike address can cause a similar mistake.
A distribution of tokens to eligible wallet addresses, often intended to reward users or spread ownership. A token may be offered without a purchase price, but receiving or claiming it can involve conditions, fees or unsafe requests.
Example: A cafe gives sample vouchers to visitors. A token distribution can resemble that promotion, but claiming a token may involve conditions, fees or an unsafe request. A gift label does not establish safety.
A stablecoin relying on programmed mechanisms to influence supply or demand and support a reference price. Designs differ, including systems with partial collateral. The algorithm does not guarantee that the peg will hold.
Example: Imagine a voucher intended to stay near one US dollar through rules that expand or reduce supply. If confidence in those rules breaks, the price can move away from the promised reference.
Short for "alternative coin": any crypto-asset other than bitcoin. The word is informal; some people use it only for coins with their own blockchain, others for every token too.
Example: A learner first studies Bitcoin, then compares other crypto assets. The broad label altcoin does not tell the learner whether another asset has useful rights, reliable liquidity or sound security.
Relying too heavily on an earlier number, such as a past price, when judging new information.
Example: A jacket first displayed at GBP 100 seems cheap at GBP 70, even when another shop sells it for GBP 60. The first number can distort the later judgment.
In a crypto reward display, an annualised rate commonly shown without assumed reinvestment of rewards. Check fees, units and the calculation period; legal borrowing APR can follow different conventions.
Example: A simplified 10% annual rate on 100 units gives ten units over a full year if the rate and balance stay constant and no fees apply.
Keep in mind: A displayed rate does not guarantee the reward or protect the asset price.
An annualised yield including a stated compounding assumption. Compare the reward rate, reinvestment frequency and costs before comparing products.
Example: At an invented 10% nominal rate compounded twice a year, 100 becomes 110.25 if both half year rewards are reinvested and no costs apply.
Keep in mind: APY assumptions may not match actual rewards or feasible reinvestment.
The contracts, code version and features an auditor agreed to review. That report does not establish that anything outside its scope was checked. Later upgrades need review evidence covering the relevant version.
Example: A mechanic checks a car's brakes but not its engine. A good brakes report says little about the engine. Similarly, a code review only addresses the stated code and review scope.
A trading mechanism that uses rules or formulas to quote swaps against pooled liquidity. Availability depends on the pool, contract and network; it does not guarantee every swap can execute.
Example: Imagine a stall whose price changes according to stock remaining rather than a seller negotiating each purchase. An AMM uses programmed pricing, but a real swap also needs usable liquidity and a working network.