Glossary

What Does Unbanked Mean? The term unbanked refers to individuals who do not have access to basic banking products and services. These individuals are often from marginalized sectors of society and are frequently excluded by traditional financial institutions for various reasons, such as lack of financial resources or failure to meet account opening requirements. The…

What is Vaporware? Vaporware refers to projects, particularly in the technology and cryptocurrency sectors, that are heavily marketed but fail to deliver a working product or service. These projects often generate excitement and raise significant funds based on ambitious promises, but they either fail to launch entirely or deliver something far below expectations. Vaporware is…

What Is Volume? In the context of cryptocurrency, volume refers to the total value of trades for a specific cryptocurrency within a given time frame, often measured over 24 hours. It is a critical indicator that reflects the direction, movement, and demand for a cryptocurrency, helping traders predict future price trends and assess market activity.…

What is WAGMI? WAGMI stands for “We’re All Gonna Make It.” It’s a popular phrase in the cryptocurrency community used to foster optimism, unity, and encouragement, especially during challenging times. The term reflects a shared belief that, with persistence and collective effort, success in the crypto world is achievable for everyone. Origins of WAGMI WAGMI…

What is a Wallet? A wallet in the cryptocurrency world is a digital tool that allows you to store, send, and receive digital assets such as cryptocurrencies and NFTs. Unlike a physical wallet that holds cash, a crypto wallet doesn’t store your assets directly. Instead, it securely stores the cryptographic keys—both public and private—that grant…

What Is a Whale? In the cryptocurrency world, a whale refers to an individual or organization that holds a substantial amount of cryptocurrency, often enough to influence market prices. This stands in stark contrast to smaller holders, commonly referred to as “fish” or “minnows,” who have minimal holdings and limited market impact. Whales possess the…

What Is a Whitelist? In the world of cryptocurrency, a whitelist is a list of approved participants who meet specific criteria to gain access to a particular event or privilege. Whitelists are commonly associated with Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and withdrawal address verification on crypto exchanges. These lists ensure that only…

What Is a Whitepaper? A cryptocurrency whitepaper is a detailed document that outlines the technical and economic aspects of a cryptocurrency project. Typically authored by the project’s development team, the whitepaper serves as a comprehensive guide for potential investors, miners, and users. It provides in-depth information about the cryptocurrency’s purpose, design, and operational mechanisms. Whitepapers…

What is Yield Farming? Yield farming is a popular strategy in decentralized finance (DeFi) where cryptocurrency holders can earn rewards by depositing their assets into liquidity pools. These pools are used by decentralized exchanges (DEXs) and other DeFi platforms to facilitate trading, lending, or other activities. In return for providing liquidity or other services, participants…