Cryptocurrency Terms and Definitions

A private key (private key) is a secret string that gives control over a cryptocurrency wallet and allows transactions to be signed. Its loss or disclosure means the loss of access to funds.

A limit order is a pending order to buy or sell an asset at a predetermined price. It is executed only when the specified rate is reached, giving the trader control over the price.

Bitcoin's public ledger is a publicly accessible record of all the network's transactions since its launch. Any participant can verify operations, which ensures the transparency of the blockchain.

A pump is the artificial inflation of a cryptocurrency's price through mass coordinated buying. The goal is to sharply raise the price so that the organizers can sell the asset for more.

A block reward is the reward a miner receives for successfully creating a new block in the blockchain. It consists of an issuance part and transaction fees and decreases periodically.