Glossary

What is a Bull Market in Cryptocurrency? A bull market is a period marked by a sustained increase in asset prices, driven by widespread optimism and strong demand from investors. This term applies to both traditional markets, like stocks, and the cryptocurrency market. In a bull market, prices tend to rise consistently over weeks, months,…

A token burn is the process of permanently removing a specific number of cryptocurrency tokens from circulation, effectively reducing the total supply. This is achieved by sending the tokens to a “burn address,” a special wallet with no private key, making the tokens inaccessible and unusable forever. Once tokens are burned, they are removed from…

What Is Byzantine Fault Tolerance (BFT)? Byzantine Fault Tolerance (BFT) is a property of distributed systems that ensures they can reach consensus and function correctly, even when some participants (nodes) act maliciously or provide faulty information. The concept originates from the Byzantine Generals’ Problem, an abstract problem in computer science that illustrates the challenges of…

What Are Centralized Exchanges? Centralized exchanges (CEXs) are platforms that facilitate cryptocurrency trading by acting as intermediaries between buyers and sellers. They use an order book system, which aggregates and matches buy and sell orders from users, allowing transactions to occur seamlessly. These exchanges are managed by a central authority or organization, which oversees operations,…

What Is Circulating Supply? Circulating supply refers to the number of cryptocurrency coins or tokens that are currently available in the market and accessible for trading or use. This value is dynamic and can increase or decrease over time due to various factors, such as mining, minting, burning, or accidental loss of tokens. Key Factors…

What is a Coin in Blockchain? A “coin” in blockchain refers to a digital currency that operates on its own independent blockchain. Unlike tokens, which are built on existing blockchain platforms like Ethereum or Solana, coins form the backbone of their respective blockchains, acting as the primary medium of exchange within that ecosystem. Key Characteristics…

What is a Cold Wallet? A cold wallet is a type of cryptocurrency wallet designed to remain offline, offering a secure way to store digital assets like Solana (SOL). By staying disconnected from the internet, cold wallets significantly reduce the risk of hacking or unauthorized access. This makes them an ideal choice for long-term storage…

What Is Community Takeover (CTO) in Crypto? Community Takeover (CTO) refers to the process where the users, token holders, and supporters of a cryptocurrency project take control of its development and direction after the original creators or development team abandon it. This phenomenon highlights the decentralized nature of crypto communities and their ability to self-organize…

What is Cross-Chain? Cross-chain refers to technology that enables communication, data exchange, and asset transfer between different blockchain networks. Typically, blockchains operate in isolation, making it challenging to interact across networks. Cross-chain technology addresses this limitation, fostering greater connectivity and interoperability in the cryptocurrency ecosystem. How Cross-Chain Technology Works Cross-chain technology facilitates the seamless transfer…