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.

Difficulty is a network parameter that governs how hard it is to find a new block. It automatically adjusts to the network's total power, keeping the block issuance time stable.

Scrypt is a hashing algorithm underlying a number of cryptocurrencies. It was created to be more memory-intensive and was originally designed to resist specialized hardware.

A scamcoin is a cryptocurrency created not for the sake of technology but to enrich its organizers through manipulation or premining. Such coins carry an elevated risk for holders.

A scam is a fraudulent project or scheme that never intended to fulfill its obligations to participants. In the crypto market, the term refers to deceiving investors and siphoning off their funds.