Cryptocurrency Terms and Definitions

A smart contract is a software algorithm on a blockchain that automatically executes the terms of an agreement. It works without intermediaries and triggers only when the specified conditions are met.

Solo mining is independent cryptocurrency mining in which a miner works alone and does not pool their power with other participants. The entire reward for a found block goes to them in full.

A wick is exchange slang describing a sharp and very rapid drop in an asset's price over a short period of time, usually within one or two candles on a minute timeframe.

A soft cap is the minimum amount of funds a project plans to raise during a token sale in order to begin developing the product. If the amount is not reached, the funds are usually returned to contributors.

An order book is a table of all active limit orders to buy and sell an asset, sorted by price. It shows supply and demand and helps assess the market's liquidity.