Short Cryptocurrency Lexicon

Altcoin: Any of the over 1000 cryptocurrencies that are not Bitcoin, such as Ethereum, Bitcoin Cash or Litecoin.


ATH: All-time high. The highest value a cryptocurrency has reached.


Auto Score: The Auto Score is an automated, weighted score that consists of several quantifiable factors. This score was created at Coinpaper.io.


Bitcoin: Bitcoin is a decentralized digital currency developed by an unknown person or group of people under the name Satoshi Nakamoto and released as open source software in 2009. It does not rely on a central server to process transactions or store money.


Bitcoin Address: The Bitcoin address is an identifier (account number), beginning with 1 or 3 and containing 27-34 alphanumeric Latin characters (except 0, O, I). Bitcoin addresses can also be represented as QR codes. The addresses are anonymous and contain no information about the owner.


Block: A unit of code that encompasses the Blockchain. It is the record of transactions that have taken place since the creation of the last block and a confirmation of previous transactions. Each block connects to the previous block, forming a complete chain back to the original, so-called „genesis“ block.


Blockchain: Blockchain is a cryptographically secured, time-stamped, public and distributed database of every Bitcoin transaction that has ever taken place in the network. There is no central database, but a collective vote on each transaction.


Blockchain Trilemma: The Blockchain Trilemma states that the three main properties scalability, security and decentralization are always achieved at the expense of the others, or that all three properties cannot be maximized at the same time.


Buy order: A request to a cryptocurrency exchange to buy a cryptocurrency at a specified price.


Coin: Alternative cryptocurrencies are also called altcoins or simply „coins“. They are often used interchangeably.


Coinpaper Score: The Coinpaper Score is a manual, weighted score consisting of several qualitative factors. This score was created at Coinpaper.io.


DAG: Directed Acyclic Graph, a distributed ledger technology that directly connects transactions without miners or blocks.


Day trading: Short-term trading when positions are opened and closed on the same day.


ERC-20: The ERC-20 token standard describes the functions and events that an Ethereum token contract must fulfill.


Exchange: Whoever wants to trade cryptocurrencies directly, i.e. buy or sell, can do so on a so-called cryptocurrency exchange. This is an online marketplace that functions in a similar way to a stock exchange. However, only cryptocurrencies are traded on the platform, which can be paid for either with other digital currencies or a central bank currency.


HODL: A humorous, misspelled spelling of „hold.“ It means „Do not sell“.


ICO listing: The ICO listing is a first (initial) coin offering, an unregulated crowdfunding tool for cryptocurrencies, which can be a source of financing for startups.


Marketcap: Market capitalization. The total value in a crypto currency, calculated by multiplying the total number of coins in circulation by the current price of a single unit.


Mining: Mining keeps the Blockchain consistent, complete and immutable by repeatedly reviewing newly transmitted transactions and collecting them into a new group of transactions called a block.


Private Key: A private address that is linked to your public key. Private keys allow you to issue your coins. You can get your public key from a private key, but you cannot get a private key from a public key. Whoever owns the private key owns the value of the address.


Public Key: A public address linked to your private key. A wallet creates pairs of private/public keys. All transactions to and from a public address are visible in a block explorer like Blockchain.info.


Satoshi: This is the smallest Bitcoin unit, 0.00000001 BTC, named after Satoshi Nakamoto, the inventor of Bitcoin.


Smart Contract: In Ethereum and other smart contract platforms, code that allows conditional payments, transactions that are executed only under certain conditions. Otherwise, you will get your money back.


Technical Analysis: Analysis of cryptocurrency charts to identify trends and to predict how the market will develop over time.


Wallet (cryptocurrency): A cryptocurrency wallet is the equivalent of a physical wallet for transactions with cryptocurrencies.


Whitepaper: A white paper or whitepaper is a public relations tool that provides an overview of services, standards and technology, especially on IT topics.