On this platform where articles about blockchain technologies and the cryptocurrency ecosystem are written and information is shared, it was very clear that a "© RB Blockchain Glossary of Terms" was needed.
Blockchain technologies, which have become more talked about after the emergence of Bitcoin, allow the transfer of digital assets with a certain value as well as data transfer and the keeping of transaction records in a secure digital environment.
Blockchain technologies operate as open source and are not subject to any authority. Data transfer, data storage, access to products, services or services, smart contracts and technology development, etc. are used in many ways on the Blockchain.
It is necessary to make it easier to understand the Blockchain terminology and content, where such a large amount of knowledge and technological usage advantages are offered.
That's why we decided to create a nice dictionary. Knowing the meanings of the terms provides great benefits to people in the future. Blockchain terms are quite difficult and complicated.
Users will be able to easily find the meanings of the terms here and will not waste time with long searches.
Blockchain terminology and the world of cryptocurrencies are a complicated world. By using this dictionary, you will learn the meanings of most complex terms and use them in your future knowledge.
In this article, we aimed to create a common language with a terminology consisting of Blockchain terms. With this study, we aim to create a very comprehensive and wide dictionary.
We will keep the dictionary constantly updated and addable by closely following scientific developments and developments in the Blockchain and Cryptocurrency universe.
Image: Blockchain Glossary of Terms - Prepared by Referral Brotherhood
"Blockchain Glossary of Terms" is presented alphabetically.
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A
Anti-Cryptocurrency: Individuals, institutions or governments who believe that cryptocurrencies will fail or do not want cryptocurrencies to succeed because it is against their interests.
Approval Count: This is the number of approvals for cryptocurrency transfers made on the relevant Blockchain network during the transfer. This number of approvals varies for each network. While Bitcoin transfers are carried out with 2 approvals, transfers on the Ethereum network require 20 approvals. On the Tron network, 1 approval is sufficient.
Approval: This is the process of approving transfers made on the Blockchain network. Transactions are successfully transferred and encrypted.
Automatic Market Maker: It is a system where buying and selling transactions are automated. It is called Automated Market Maker, or AMM for short.
Altcoin: All cryptocurrencies created after the emergence of Bitcoin are called Altcoins. The reason for this is that they were created by taking Bitcoin as an example.
Altcoin Basket: It is called when cryptocurrency investors create an investment basket by buying more than one Altcoin.
Arbitrage: The profits made by investors who buy and sell on the stock exchange based on the price difference between the stock exchanges are called arbitrage. Also called arbitrage trading.
Address: It is an alphanumeric code sequence created for crypto money transfers to be made.
Airdrop: It is the name given to the distribution of free crypto money in a way determined by the relevant crypto money project owners.
Algorithm: It refers to a set of specific rules or applications. It is used in solving problems or calculating a diagram or graph.
Algorithmic Stable Coin: It is a type of cryptocurrency created with algorithms that can buy and sell instantly.
Allocation: It is the distribution of an amount of the total supply of a cryptocurrency to the project managers.
APR: means Annual Percentage Rate. It calculates the cost of an investment for a year. When a crypto investor stakes crypto assets in a staking pool, they expect to be rewarded for their services as a creditor. In the cryptocurrency field, APR is often an expression used for the profitability of participating in staking investment products.
Atomic Swap: Applications that allow a cryptocurrency to be exchanged without using an intermediary institution, such as a stock exchange.
AI: Artificial intelligence.
AMA: Question and answer activity. For example; a cryptocurrency management team meets with investors at a joint event and answers questions.
AML: Abbreviation for the name given to anti-money laundering regulations in the financial sector.
API: Known as Application Programming Interface. It allows certain defined transactions to be used in another software.
AR: Augmented reality.
ASIC: Chips designed to solve problems.
B
Bitcoin: Bitcoin is the name given to the digital currency created by Satoshi NAKAMOTO in 2009. Bitcoin started to be used by internet users in 2010. The total supply of Bitcoin is 21 million.
BTC: is the abbreviation of Bitcoin.
Bitcoin Core: Bitcoin is open source software. It also acts as a client.
Bitcoin Evangelist: The name given to bitcoin FANs around the world.
Bitcoin Pizza: The first purchase made with bitcoin was a pizza. It is also celebrated as Bitcoin Pizza Day.
Block: It is one of the blocks that merge into a chain. A block is a data structure. It contains an unchangeable information structure. Blocks continue to be formed by connecting them to each other in each new transaction.
Blockchain: It was discovered in 2008. They are networks where cryptocurrencies, smart contracts and applications can be created. They are encrypted data blocks that contain the data from the blocks. They merge into a chain. The information on each block is stored as immutable records and verified by other stakeholders in that network.
Block Head: The first data in the block that is processed during mining is located.
Block Explorer: These are websites where transactions made on the Blockchain can be seen by everyone.
Block Reward: The reward received by the miner when a block is created.
Block Height: The number of blocks in a Blockchain network.
Block Approval: The number of people who approve the blocks mined on a network.
Blockchain Platform: These are chains that are used to produce and distribute cryptocurrencies or network applications. For example; Ethereum network or Tron network.
Bots: Applications that are used to automatically trade on cryptocurrency exchanges. They are also called trading bots.
BIP: A way for people to officially communicate their ideas about Bitcoin. Also called Bitcoin Improvement Proposal.
BEP-2 / BEP-20: Token standards run on the Binance blockchain.
C
Cash Money: Refers to the cash money in circulation used by today's states.
Cryptocurrency Faucet: Some applications or websites distribute small amounts of cryptocurrency in return for certain tasks. See Faucet.
Cryptoasset: It is the existence of cryptocurrencies created on blockchain networks as a whole or as a portfolio. This is also called a basket.
Consortium Blockchain: Blockchain formations controlled by a group of central authorities. Control is not from a single central authority but from a group.
Commission Fee: These are the fees charged during purchase and sale transactions or cryptocurrency transfers on cryptocurrency exchanges. These are the expenses that exchanges charge in return for transactions.
Crowd Sale: It is the sale of a certain percentage of a project in order to find resources.
Crypto: It refers to the entirety of encrypted mathematical operations. It is called Crypto in English.
Cryptographic Summary: The data to be created in the blockchain is encrypted with metamaterial operations and turned into a fingerprint or key code.
Cryptographic Hash Function: It is the process of encrypting a content consisting of certain mathematical algorithms by converting it into a series of letters and numbers of a certain length.
Crypto Mining: It is the name given to the verification processes in the Blockchain network. Generally, during the production of a block on the network, the mathematical operation there is solved and the miner earns crypto money in return for the proof of work he has done.
Crypto Money: They are digital values that work in certain Blockchain networks. They can be considered as the equivalent of the fiat money used by today's world states.
Crypto Money Wallet: It is the place where crypto money is kept securely. There are many types. It can be divided into hot and cold wallets.
Cryptocurrency Emission: The speed at which a cryptocurrency is produced.
Cryptocurrency Address: A set of codes that indicate the network and location of a wallet on the blockchain.
Cryptocurrency Token: They are cryptocurrencies that can work on certain networks by some exchanges or some projects. Stock exchange tokens are examples of these. They can be used for discounts or certain promotions.
Cryptocurrency Burning: It is also expressed as Burned. It is the process of deliberately sending a dead cryptocurrency on the network. In this way, the relevant cryptocurrency is burned and destroyed a certain number of times. It is similar to the process of states deliberately burning their fiat money.
Client: Refers to applications that operate on the Blockchain network.
Co-Signer: It refers to people who have partial access to cryptocurrency wallets.
Central Registry: It is the recording of financial transactions by a central administering authority.
Central Exchanges: These types of exchanges are called CEX exchanges. They are exchanges that are centralized management places where cryptocurrencies are exchanged. Investors make purchase and sale transactions on central exchanges. They open accounts on exchanges and use the crypto wallets in their accounts.
Cryptography: It is the process of encrypting certain data so that it can only be accessed by certain people.
Cloud Mining: A different type of cryptocurrency mining. Hardware devices are located within a specific company. Miners perform remote mining by paying the company money.
Circulating Supply: It refers to the current number of cryptocurrencies in the markets or among individuals.
Cold Storage: Cryptocurrencies are stored in offline hardware. It is more secure than hot storage.
Consensus: The participants on the network make joint decisions about the correctness of the transactions.
Consensus Blockchain: A Blockchain structure consisting of a common user group in the form of an organization.
Candidate Block: A block that a miner processes to get a reward.
Cold Wallet: These are hardware where cryptocurrencies are stored securely. They are similar to USB sticks. They are coded specifically for individuals with cryptographic codes.
Cryptocurrency: It refers to all Bitcoins and Altcoins that have been mined so far and will be mined.
Coin: It is called Koin. It is a cryptocurrency of different types that can work on blockchain networks.
Coin Burning: It is also called Burned. It is the process of deliberately sending a cryptocurrency to a dead address on the network. In this way, the relevant cryptocurrency is destroyed by burning a certain number of times. It is similar to the process of states deliberately burning their fiat money.
Consensus Mechanisms: It is the determination by the participants that the information used in the proof-of-work (POW) or proof-of-stake mechanisms on the blockchain is correct, unchangeable, or secure.
CEX: These types of exchanges are called Central exchanges. They are exchanges that are central management places where cryptocurrencies are exchanged. Investors make purchase and sale transactions on central exchanges. They open accounts on exchanges and use the crypto wallets in their accounts.
CTF: Abbreviation for the regulation of combating the financing of terrorism in the financial sector.
Chain Split: It is the technical or mandatory division of a Blockchain network.
Client: It is the software required to establish a node.
Crypto: It refers to the entirety of encrypted mathematical operations. It is called crypto.
Cypherpunk: It refers to a state or authoritarian authority that accesses a Blockchain network. It promotes cryptocurrency technologies.
D
Decentralized Autonomous Organization: It is the operation of coded rules without being dependent on a center.
Decentralized Exchanges: These types of exchanges are called DEX exchanges. They are independent, decentralized financial institutions that are intermediaries for the exchange of valuable assets on blockchain networks. Users who want to exchange on decentralized exchanges connect their crypto wallets.
Delay: It is the loss of time in a data flow in the Blockchain network.
Decentralized Organizations: It is an autonomous organizational structure. Decisions are made by all network participants. Changes to smart contracts on the network are decided by consensus.
Decentralized Finance: It is called DeFi. In this system, financial elements are marketed globally without any intermediaries. It is a frequently used term in the cryptocurrency sector. Financial content such as asset trading, loans, insurance, and lending.
Double Spending: It is the prevention of double payments in payments made with cryptocurrency on the network.
Double Layer Solution: It refers to a second network that works in parallel with a Blockchain network. It is used especially in micro payments. It was developed as a solution to network congestion.
Decentralization: It is the control of a project on the Blockchain network by everyone with distributed ledger technologies. An autonomous structure is created and a key majority is obtained.
Decryption: Encrypted data is made readable by decrypting it.
DApp: They are called decentralized applications.
Digital Signature: It is the verification of a transaction on the Blockchain.
DAO: It means decentralized organization. It is an autonomous organization structure. Decisions are made by all network participants. Changes to smart contracts on the network are decided by consensus.
DAG: It is a data creation tool used in cryptocurrencies. It can be done with this data with structuring and modeling.
DDoS Attack: These are efforts to disrupt a specified data stack with malicious internet traffic.
DEX: They are decentralized exchanges. They are independent, decentralized financial institutions that are used to exchange valuable assets on blockchain networks. Users who want to exchange on decentralized exchanges connect their crypto wallets.
Delisting: It is the situation when a cryptocurrency is removed from the lists by the relevant exchange. It is also called being removed from the board.
Difficulty: It means difficulty. It refers to the difficulty in the hash rate.
Difficulty Level: It is a term used in cryptocurrency mining. It is the mathematical difficulty level of transactions in block production. It increases over time with halving.
DeFi: It is called Decentralized Finance. In this system, financial elements are marketed globally without an intermediary. It is a frequently used term in the cryptocurrency sector. Financial content such as asset trading, loans, insurance, and lending.
Dust Attack: It is called Dusting Attack in English. It is a type of attack that aims to decipher the information of cryptocurrency owners.
Distributed: The way data is stored on the Blockchain network.
Distributed Ledger Technologies: These are ledgers where data is distributed in the Blockchain network, that is, kept by everyone. In this way, data on the network is verified and recorded.
Distributed Consensus: It is the consensus of all participants in a network.
Deterministic Wallet: It is a key derivation system through a starting point. If the main wallet is lost, the backup is recovered with the help of a deterministic wallet.
Digital Commodity: They are valuable assets that are subject to digital buying and selling.
Digital Signature: These are special codes that verify the address owner in transactions that take place in digital environments.
Digital Identity: It is the storage of people's identity information in a digital environment.
Digital Currencies: They are currencies used in social environments, virtual and online games. They are not cryptographically encrypted, unlike cryptocurrencies.
E
Evidence Tree: It is also called Merkle Tree. It is the evidence tree found in the blocks.
Ether: The name given to the fuel of the Ethereum coin. This fuel is used by Ethereum and many Ethereum-based altcoins.
Ethereum: Altcoin in the category of smart contract platform with unlimited maximum supply. Ethereum, like some altcoins, has its own Blockchain network.
ERC-20 / ERC-721 / ERC-1155: It is an application standard that runs on the Ethereum blockchain.
Escrow: It is the storage of user keys by third parties on behalf of users.
ETF: Funds that work in cryptocurrency markets and on a Blockchain network, indexed to the price of one or more cryptocurrencies and follow the same price and value, consisting of a single or various cryptocurrencies are called crypto ETFs.
EVM: means Ethereum Virtual Machine. It is used to run applications developed on Ethereum.
EIP: are proposals made on the Ethereum network. Ideas can be given for developments.
F
Fiat Money: Currencies used by today's world states.
Forking: Its English equivalent is called Fork. They are new branches that emerge in the network due to a change in a Blockchain network. If the fork is backward compatible, it is called a soft fork, if it is incompatible, it is called a hard fork.
Formal Verification: Providing mathematical proofs to prove that a Blockchain mechanism works.
Fork: These are separations that occur in a blockchain network. They are divided into two forms: Soft and Hard fork.
Full Node: Refers to the node that has a copy of the entire Blockchain network.
Faucet: means Cryptocurrency Faucet. Some applications or websites distribute a small amount of cryptocurrency in return for certain tasks.
Farming: It is called collecting when the time comes to earn the listed coin in the Launchpool stake pools.
Fiat Money: They are fiat money. The currencies used by today's world states.
FOMO: It is the abbreviation of the English expression "Fear of Missing Out". FOMO is people's fear of missing an opportunity or experience.
FUD: Some people deliberately spread fear and panic about the market.
G
Gold Indexed Cryptocurrency: It is a type of stable coin. Its counterpart is a cryptocurrency indexed to gold.
Gas Calculation Unit: It is a transaction standard used to calculate transactions in the Blockchain network. It does not exist in every chain.
Genesis Block: It is the first block on the network.
H
Hot Storage: Cryptocurrencies are stored online.
Hot Wallet: Crypto assets are kept on applications such as cryptocurrency exchanges, Metamask or Trust Wallet. In other words, cryptocurrencies are kept in software, not in a personal hardware.
Hash: The cryptographic codes of each block on a Blockchain are called . It is the prediction of the combinations of these codes.
Halving: It is also called halving. When the cryptocurrencies mined reach a certain number of blocks, the mining process becomes more difficult and the rewards are halved. In Bitcoin mining, mining rewards are halved every 210,000 blocks.
Hard Fork: It means Hard Fork. It is a new branch that emerges in the network due to a change in a blockchain network. Fork is backwards incompatible.
Hard Cap: The maximum income targeted in ICO events.
Hashrate: The name given to the number of combinations that mining devices can solve in one second. The difficulty level may increase or decrease depending on the network and cryptocurrency it is on.
Hardware Wallet: They are called cold wallets. They are hardware wallets. Investors carry their Bitcoin and Altcoins with them. They are more secure than hot wallets.
Hybrid Blockchain: It is a mixture of private and public Blockchain structures. In some applications, hybrid Blockchain formations work more advantageously and efficiently.
HODL: It means buy and wait. The investor buys a crypto asset and waits for a long time
I
ICO: It is a form of open support created for the implementation of certain crypto money projects. Thanks to ICO, people can contribute to the projects they want.
Immutability: It is the principle that a blockchain network can never change.
IoT: means the internet of things.
J
Jeton: They are cryptocurrencies that can work on certain networks by some exchanges or some projects. Stock exchange tokens are examples of these. It can be used for discounts or certain promotions.
Jetonization: It is called Tokenization in English. It is the subject of buying and selling of a product in the digital world.
K
Keyword: When generating an address, the crypto wallet randomly selects 12 or 24 words from 2048 words and these words are stored as private key phrases.
KYC: Means Identity Verification. Identity verification is mandatory in some cryptocurrency exchanges.
L
Lower Limit: The lowest investment offers received from investors in the public offering of a cryptocurrency.
Ledger: It is the name given to the ledgers kept on the Blockchain network.
Ledger Wallet: These are the wallets produced by Ledger for the security of cryptocurrencies. These wallets are called cold wallets. Investors can store their Bitcoin and Altcoins in these wallets. They are similar to today's USB sticks. They contain personal passwords.
Listing: It is the listing of a cryptocurrency on the exchange.
Lightning Network: It was developed as a solution to Bitcoin's scalability problem. It is a second-layer payment protocol. It aims to reduce the load of transactions sent to the same address and send them in a single transaction.
Launchpad: Also known as a launch pad. These are events held for assets that will be listed for the first time on cryptocurrency exchanges.
Launchpool: These are events where a newly listed crypto asset is listed on cryptocurrency exchanges with a stake pool. Users stake the coins specified in the pools and earn the listed coin as an airdrop.
M
Mixing Process: It is the process of mixing addresses in crypto money transfers with other transactions. It is a conscious process.
Multiple Signature: The use of more than one key in cryptocurrency transfer transactions.
Mnemonic: These are the sequential word groups given to users when opening their crypto wallets. Users use these word groups when they want to transfer their crypto money to another wallet.
Main Network: It is the name given to the network that is open to everyone.
MEME Token: A meme token is a cryptocurrency created by tokenizing an internet character or another humorous character. Meme tokens are a general name given to character images, trending videos, trending words or sentences that usually go viral on social media platforms or in the internet environment.
Metadata: The deepest information about a transaction.
Metaverse: Metaverse is a virtual world where people come together, have fun, work, and live a life or a slice of a life.
MiCA stands for Markets in Crypto-Assets Regulation (MiCA). It is designed to ensure transparency and security in the field of cryptocurrencies in the European Union.
Mining: Along with Bitcoin, there are hundreds of Altcoins that work with the proof-of-work (POW) system. Miners earn Bitcoin and Altcoin by mining.
Mint: It is the recording of relevant verification data to create cryptocurrency on a Blockchain network.
Mainnet: It is the name given to the network that is open to everyone.
Maker: It is a term used in cryptocurrency exchanges. It means market maker. In buying and selling transactions, the order given to the stock exchange board is determined by the user.
Miner: It means Mining. Along with Bitcoin, there are hundreds of Altcoins that work with the Proof of Work (POW) system. Miners earn Bitcoin and Altcoins by mining.
Mining Cryptocurrency: They are cryptocurrencies that are compatible with the POW algorithm. They have a reward system per block with proof of work.
Mining Pool: It is the combination of many miners on the network where the mining process is performed and their processing power is combined. They share the incoming rewards.
Mining Reward: It is the reward paid to the miner on the network for each block he solves.
Mining Hardware: They are computer hardware created solely for mining.
Maximum Supply: The maximum amount a cryptocurrency can reach. No more than the maximum supply can be produced. The supply of some cryptocurrencies is unlimited.
Margin Trading: A very high-risk trading method in which transactions are entered with borrowed money from the exchange.
Metamask: A type of hot crypto wallet. It is mostly used for DEX exchanges. It is integrated with many Blockchain networks. When users open their Metamask wallets, they receive special keywords consisting of certain words.
Merged Mining: A person who is mining more than one thing at the same time.
Micro Bitcoin: One of a million pieces of Bitcoin. That is, 0.000001 BTC.
Micro Transaction: Very small transactions on the Blockchain network.
MMO: The name given to massively multiplayer online games.
MR: Refers to mixed reality.
N
Network: Blockchain is where data transfer takes place.
Node: They are computing units that perform transactions on the Blockchain network. They keep and distribute copies of the information in the Blockchain transaction ledger.
NFT: see Qualified Intellectual Property Title Deed.
NFT Market: Places where NFT buying, selling and exchange transactions are made. Payments are made with cryptocurrencies.
NFT Mint: The process of converting a work or idea into an NFT.
NFT Games: A type of game where players can own certain NFTs. Players buy their NFTs with cryptocurrency or earn them in the game.
NPC: A character controlled by a computer program in a game, but exhibiting intelligent behavior.
O
Offering Date: Refers to cryptocurrencies that have been newly offered to the public. The public offering of the relevant cryptocurrency is offered on the specified date.
Offline Storage: Hardware where cryptocurrencies are stored in storage conditions that are not connected to the Internet.
Offline Staking: Rewards given to people who keep their crypto assets in cold wallets without being connected to the Internet.
Online Wallet: It can be called a hot wallet. It is the storage of cryptocurrencies on exchanges or third-party applications.
Off-Chain: It is called off-chain data. Later, the generated data can be sent to the main chain.
On-Chain: It is called in-chain transactions.
Oracle: It is the provision of data from outside the Blockchain network into the Blockchain network. It is a third-party service for smart contracts.
P
Password Code: Codes that decrypt the passwords in the data.
Private Distributed Ledgers: They are permissioned distributed ledgers. Permissions are required to participate in the network. A consensus and decisions are made by participants who have received permission in advance.
Private Blockchain: They are Blockchain formations connected to a central authority. The central authority decides on the authority and nodes.
Paper Wallet: It is a document that contains the crypto money with the QR code. The open address is read with this document.
Permissioned Registry: It is the registration authority granted to certain people within the Blockchain network.
Permissionless Registry: The Blockchain network is open to everyone's access.
Public Distributed Ledgers: They are permissionless distributed ledgers. They are platforms where transactions in the Blockchain network are monitored and decided by everyone. Permission is not required to connect to the network.
Public Blockchain: It is a chain structure where everyone participates in the Blockchain network and is recorded with distributed ledgers. Everyone in the network can create and verify data blocks.
Peer-to-Peer: It refers to the data transfer between people in the blockchain network. It occurs directly between two people. There is no need for a third party or an intermediary institution. It can be called Peer to Peer or P2P.
Proof of Work: means POW. It is the proof of the work done by miners on the Blockchain network. They earn a reward for this proof.
Processing Power: The power required for the formation of blocks on the Blockchain network.
Public Address: It is called Public Address. These are addresses consisting of letters and numbers for crypto money transfers to be made.
Public Key: It is called Public Key. These are addresses created for Bitcoin and Altcoin transfers between people on a specified Blockchain network.
Pre-Mined: It is the process of distributing the crypto asset to be produced and mined on a blockchain to software developers or specific wallets by mining it in advance.
Private Key: It is the set of codes that guarantee the ownership of the crypto currencies in the wallets.
Privacy Coins: They are cryptocurrencies produced to hide transactions on the Blockchain. They make their users anonymous.
Proof Of Work: It means proof of work. It is the proof of work done by miners on the blockchain network. They earn rewards for this proof.
Plasma: It is an Ethereum scaling solution. This solution aims to greatly increase Ethereum transaction rates per second.
Peer To Peer: It means data transfer between people in the Blockchain network. It occurs directly between two people. There is no need for a third party or an intermediary institution.
P2P: It means data transfer between people in the Blockchain network.
PWA: It is called Progressive Web Application in English. It is an application that follows the basic standards of the Web.
Proof Of Stake: It is an alternative structure to the POW system. In the POS system, users earn rewards by staking the cryptocurrencies in their hands, that is, by locking them for a certain period of time. It is also called Proof of Stake.
PoA: stands for Proof of Authority. Existing participants in the blockchain network bind their credentials to the network.
Pre Sale: It means pre-sale. It is the purchase of cryptocurrencies before they enter circulation.
Protocol: The consensus of stakeholders in a network and the set of rules in that network.
Public Key: These are addresses created for Bitcoin and Altcoin transfers between people on a specified Blockchain network.
Private Key: These are codes created specifically for the person.
PAXG: Pax Gold is a stable cryptocurrency equal to 1 ounce of Gold. 1 PAXG is equivalent to 1 ounce of Gold (33.10 gr).
Proof of Stake: It is called POS. Users in the system earn rewards by staking their cryptocurrencies, that is, locking them for a certain period of time.
Q
Qualified Intellectual Property: It is called NFT. They are digital works created on blockchain networks that have no other equivalent or similar.
QR Code: It is called a QR code. It is a two-dimensional data array read by certain applications through cameras.
R
Reward Halving: It is also called Halving. When the cryptocurrencies being mined reach a certain number of blocks, the mining process becomes more difficult and the rewards are halved. In Bitcoin mining, mining rewards are halved every 210,000 blocks.
Record Book Copy: It is a copy of the registry books kept on the Blockchain network.
Record Book: It is called the registry books kept on the Blockchain network. It is also called Ledger.
Rinkeby: It is one of the Ethereum test networks.
Replay Attack: Its English translation means Replay Attack. The malicious person on the network records the data and resends it.
Rollup: The data of the smart contract running on the blockchain is collected off-chain and transmitted back to the main chain.
ROI: Represents the ratio between net profit and net cost.
S
Shareholding: It is the process of keeping cryptocurrencies in a wallet for a certain period of time and verifying transactions.
Scalability: The ability of a network to change and grow to meet increasing demand.
Short Code: It is the abbreviation of crypto money. For example; Bitcoin BTC.
Secret Limit: The project owner expands the content to the smallest investors in addition to the investment amount that the crypto money will obtain within its supply.
Segregated Witness: It is a technical change made to the Bitcoin network on August 1, 2017. It is intended to exclude the transaction signatures used in verification from the transaction log.
Start Block: The first block in a Blockchain network. It is called the Genesis Block.
Smart Contracts: They are applications created and secured using distributed ledger technology protocols between certain individuals or institutions that work on specified Blockchain networks.
Security Keys: They are keys made up of special algorithms used in the Blockchain network. The cryptographic code that recognizes the elements on the system stores its information.
Satoshi NAKAMOTO: The inventor of Bitcoin. He wrote the article "A Peer to Peer Electronics Cash System" in 2008. He preferred to remain anonymous. His existence remains a mystery.
Satoshi: One of the 100 million pieces of 1 Bitcoin. The smallest unit of Bitcoin is 0.00000001.
Selfish Mining: A miner can hold or release blocks to gain a competitive advantage.
Sharding: It focuses on solving the scalability problem in Blockchain networks.
Shitcoin: The name given to coins that do not have a specific purpose or project.
Slashing: If the Validator does not do its job, it is called punishment.
Side Chain: It is a side chain that works connected to the main Blockchain network. Also known as the second layer solution.
Security Audit: It is the security analysis of a Blockchain network.
SHA-256: Created and developed by the US Special Security Agency (NSA). It is a cryptographic data encryption method. It is a Hash algorithm.
Soft Fork: It means Soft Fork. It is a new branch that emerges in a blockchain network due to a change. Fork is backwards compatible.
Solidty: is a programming language for creating and implementing smart contracts on the Ethereum network.
Stable Cryptocurrency: They are cryptocurrencies indexed one-to-one to Dollar, Gold, Silver or other investment instruments. In return for each cryptocurrency, the relevant cryptocurrency project management keeps a reserve. If it is indexed to the dollar, it keeps a reserve in dollars, if it is indexed to gold, it keeps a reserve in gold.
Stake: Stake is a name given to the process of obtaining passive income in return for keeping a cryptocurrency locked for a certain period of time with the terms and conditions determined by the relevant exchange in the cryptocurrency market.
Staking Pool: Participants join a pool to increase their staking power.
Stale Block: When two blocks are created at the same time while creating a block.
T
Transaction: Any transaction made on a Blockchain network.
Transaction Code: These are unique sets of codes created on the Blockchain network during the transfer of cryptocurrencies.
Transaction Fee: These are the fees charged for cryptocurrency transfers.
Trace Analysis: It is the monitoring of transaction movements of two different cryptocurrency addresses.
Tangle: It is expressed as Tangle. It is a technology developed by the IOTA project. It aims to transfer assets without paying any transaction fees.
Token: They are cryptocurrencies that can work on certain networks by some exchanges or by some projects. Exchange tokens are examples of these. They can be used for discounts or certain promotions.
Technical Document: It is a document that contains the technical information of a cryptocurrency project. It is called a whitepaper.
Time Lock: It is a type of primitive smart contract model.
Taker: A term used in cryptocurrency exchanges. It means a market buyer. The market determines the order given to the stock exchange in buying and selling transactions.
Trust Wallet: A hot cryptocurrency wallet application that is integrated with many DEX exchanges and Blockchain applications.
Test Network: A Blockchain network in the testing phase.
Total Amount: Refers to the total amount of a cryptocurrency traded in the markets.
TOR: It is a project that aims to hide the location and data of users.
Tokenomics: Inflation, deflation, supply-demand and all other financial data of a cryptocurrency.
TPS: It is the transaction rate of a Blockchain network per second.
TRC-20: It represents the Tron network. It is an extremely fast and cheap Blockchain network. Its founder is Justin SUN.
TXID: It is the recorded version of cryptocurrency transfers made on blockchain networks.
Three-dimensional: Also called 3D or 3B.
U
Unapproved: This refers to the situation where transactions made on the network are not approved.
Unapproved Transaction: This is the situation where transactions made are not approved. It has been confirmed that these transactions are not approved.
Unspent Transaction Output: Indicates that a transferred money in the Blockchain network has not been spent.
Unnecessary Transfers: It refers to transactions that take up very little space on the network but have very little financial value.
USDT: It is a stable cryptocurrency indexed to the US Dollar called Tether. 1 USDT is equal to 1 US Dollar.
Uncustodial: Refers to a cryptocurrency wallet being used only by its owner. It has no custodial authority.
V
Void Block: Indicates that a newly solved block in the blockchain network is unusable.
Verifier: The user who confirms that the transactions on the Blockchain are legal.
VR: Virtual reality.
W
Wallet: It means wallet. There are two types of cryptocurrency wallets: hot and cold wallets.
Whitepaper: It is a document that contains the technical information of a cryptocurrency project.
X
XR: Extended reality, that is, a mixed reality of virtual reality and augmented reality, taken to higher levels.
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