What is a shitcoin in crypto?
A shitcoin is a derogatory name for coins and tokens with no real value, technology, or prospects. Such projects are often backed by dubious teams or amount to outright deception of investors.
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What is a payment gateway in crypto?
A payment gateway is a hardware and software system that automates the acceptance of payments online, including crypto payments, linking the buyer, the seller, and the payment system.
What is an escrow transaction in crypto?
An escrow transaction is a way to protect funds in a deal between parties who do not trust each other: the money is temporarily held by an independent intermediary or a smart contract and released only when the conditions are met.
What is an escrow account (Escrow) for an ICO in crypto?
Escrow in the context of an ICO refers to intermediaries' accounts where the raised funds are kept. The project team receives funding in installments as the roadmap milestones are completed, which protects investors.
What is a token in cryptocurrencies?
A token is a digital unit of account that exists in a distributed ledger on top of someone else's blockchain. Unlike a cryptocurrency, a token has no network of its own and can represent a wide variety of rights and assets.
What is a trade agreement (contract) in cryptocurrencies?
A trade agreement is an agreement between a seller and a buyer that sets out the key terms of a deal: the subject, price, volume, and the order of payment and delivery. It defines the rights and obligations of the parties.
Who is a trader in cryptocurrencies?
A trader is a market participant who carries out trading operations with assets to earn income on the difference in prices. In the crypto space, traders work with coins and tokens on exchanges and other platforms.
What does "to the moon" mean in cryptocurrencies?
"To the moon" is a slang expression of the crypto community that describes a sharp and rapid rise in a cryptocurrency's price. The image of a "flight to the Moon" reflects the expectation of a strong rise in an asset's price and the optimism of its holders.
What are Bitcoin Days Destroyed?
Bitcoin Days Destroyed is a network activity metric that takes into account not only the volume of coins moved but also the time they spent idle. It helps assess the movement of "old" coins.
What is Simplified Payment Verification (SPV) in cryptocurrencies?
Simplified Payment Verification (SPV) is a method of verifying transactions on a blockchain without downloading the entire chain of blocks. Block headers are enough, which makes the technology the foundation of lightweight crypto wallets.
