crypto terms

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.

A token standard is a set of technical rules that a token on a blockchain conforms to. Standards ensure the compatibility of tokens with wallets, exchanges, and smart contracts.

A wall is a very large limit order to buy or sell that is capable of slowing down price movement. A distinction is made between a buy wall and a sell wall.

A stablecoin is a cryptocurrency with minimal volatility whose value is pegged to a stable asset: a fiat currency, a commodity, or a basket of assets. It is used as a safe haven and a means of settlement.

FUD is the spreading of fear, uncertainty, and doubt with the aim of influencing market sentiment. In the crypto space, the term describes a negative information backdrop that can distort the perception of a project.

A stop order is a pending order to buy or sell an asset that is triggered when the price reaches a specified level. The tool helps automate trades and limit risks.