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Explore clear definitions, everyday examples and lesson contexts.
Showing 7 of 7 matching terms
The unsupported belief that earlier outcomes force a compensating next outcome, such as thinking a win must follow a losing streak.
Example: After several tails in independent fair coin tosses, the next toss is still 50% heads.
Keep in mind: Actual trading outcomes need not be independent; the coin example does not establish a trading probability model.
The unit that measures how much computing effort an Ethereum operation needs. You pay for gas in ether.
Example: A taxi meter measures distance while the tariff determines the bill. Gas measures computational work; the gas price helps determine the fee paid in ETH.
A token that gives its holders voting power over a protocol's rules, settings or treasury.
Example: A club gives voting rights under its constitution. A governance token likewise has specific voting rules; holding it need not give ownership of the organisation or a share of its profits.
Keep in mind: Voting rights can require delegation or other conditions. They do not automatically grant company ownership or distributions.
GDP: the value of final goods and services produced within an economy over a period under its accounting framework.
Example: A finished loaf counts as final output; separately adding every ingredient’s sale to that loaf’s value would double-count intermediate production.
Keep in mind: Nominal values use current prices; real measures adjust for price change, and estimates can be revised.
A stated price-movement result before separately specified charges. The calculation must disclose prices, size, currency and which costs are already included.
Example: An invented trade shows a 5-unit price result before a separately charged 1-unit commission.
Keep in mind: Executable entry and exit prices already reflect their quoted sides; do not subtract the spread again without checking the convention.
A claim that a stated gain is certain. In a Forex offer, a promise of sure profit deserves particular scrutiny because price outcomes are uncertain.
Example: A group promises that every deposit will grow each week, even though it cannot control future currency prices.
Keep in mind: An advertised promise is not evidence that the result or protection is genuine.
A small unit of ether used to price gas: 1 gwei is one-billionth of an ETH (0.000000001 ETH), and 1 ETH = 1,000,000,000 gwei.
Example: Cents are a smaller way to quote an amount of dollars. Gwei is a smaller unit of ETH, useful for quoting gas prices; it is not a separate coin.