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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

2 Factor Authentication (2FA)

2 Factor Authentication is a double layer security measure. Most crypto exchanges use it. In order to log in, you not only need to enter a password, but also a code that you receive from the Google authenticator for example.

Other Important Terms

Bounty program

Bounties are simple tasks of jobs by the team behind a coin. These can be as simple as joining a Telegram channel or by (re)tweeting. It could also be a bit more difficult like a translation job for example. The participants receive rewards in the form of coins in exchange for completing these bounties.

Proof of History

Proof of History (PoH) is a consensus algorithm used by the Solana blockchain platform to secure its network and validate transactions. It is a hybrid algorithm that combines elements of Proof of Work (PoW) and Proof of Stake (PoS) to achieve high levels of security and efficiency.


An altcoin is any cryptocurrency or token created after the Bitcoin was developed.

Decentralized Autonomous Organizations

DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.


DYOR stands for "Do Your Own Research." It is a phrase commonly used in the cryptocurrency community as a reminder to individuals to conduct their own research and analysis before investing in a particular cryptocurrency or project. It is important for investors to understand the technology behind a project, its team members, its partnerships, and its overall potential before investing. DYOR helps investors to make informed decisions and to avoid being swayed by hype or FOMO (fear of missing out).

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