Cryptocurrency Terms and Definitions

An output is the part of a Bitcoin transaction that sets the recipient's address and the transfer amount. A single transaction can have several outputs at once: for different recipients and to return change to the sender.

An OTC exchange is a venue where participants make deals directly with one another, without placing orders in the shared order book of a centralized exchange. The format is in demand for large volumes.

A block reward is the payment a miner receives for a successfully created block of transactions added to the blockchain. It consists of new coins and transaction fees.

Volatility is a measure of how much an asset's price varies over a given period. The stronger and more frequent the price swings, the higher the volatility and the associated risk for market participants.

A withdrawal is the operation of transferring money or cryptocurrency from a platform or service to an external wallet, bank card, or user account, based on a request the user submits specifying the details and amount.

Gas is a unit measuring the computing resources needed to perform operations in the Ethereum network. The more complex a transaction, the more gas it consumes and the higher the resulting fee for processing it.

The genesis block is the very first block in a blockchain, from which the network's history begins. It lays the foundation for all subsequent blocks and effectively marks the birth of a cryptocurrency.

Get Rekt is a slang expression meaning the crushing failure of a trader or investor. It is most often said of those who suffered large losses due to a bad trade or a sharp market move.

Gigahashes/sec (Gigahashes/sec, GH/s) is a unit measuring the computing power of mining hardware. It shows how many billions of hash operations a device performs in one second.

GitHub is the largest platform for hosting and collaborative software development. In the crypto industry, it is where teams publish the source code of their projects, which makes it possible to assess their openness and activity.