crypto terms

An ASIC miner is a cryptocurrency mining device built on specialized ASIC chips. It is tailored to a specific algorithm and is significantly more efficient than universal hardware.

Arbitrage is a strategy based on the price difference of the same asset across different venues. In cryptocurrencies it relies on rate discrepancies between exchanges and requires accounting for fees and risks.

A buy wall is a large order or cluster of buy orders in the exchange order book. It can hold back a price decline and is often used to influence the behavior and psychology of market participants.

A bounty is a marketing campaign run by a crypto project in which participants perform set actions and receive a reward in tokens for doing so. The format was especially widely used during the ICO era.

"To buy" (bayit) is slang used by traders and investors, derived from the English word buy and meaning to purchase an asset: a cryptocurrency, token, or coin.

A White Paper is a detailed document of a crypto project that describes its idea, technology, token economics, and development plan. It is a key source of information for assessing how serious a project is.

The all-time high (ATH) is the highest price an asset has ever reached throughout its trading history. The metric is often used as a reference point when assessing market dynamics.

A bitcoin address is a set of characters that serves as the details for receiving and sending cryptocurrency. Essentially it works like an account number on the public blockchain network.

A soft fork is a soft update of a cryptocurrency protocol that is compatible with older versions of the software, in which the network continues to operate as a single whole and is not split into separate chains.

Cloud mining is the renting of computing power from a third-party service to mine cryptocurrency without buying and maintaining your own equipment, which lowers the barrier to entry but increases dependence on the provider.