Crypto Glossary
Plain-English definitions of the cryptocurrency, blockchain and trading terms you will meet as you learn.
B
Bagholder
Investor holding onto losing tokens
Beacon Chain
The coordination chain of Ethereum 2.0
Beacon Chain
It is the blockchain network that coordinates the parts of the chain and manages validator records and staking transactions in Proof-of-Stake (PoS) based cryptocurrencies such as Ethereum 2.0.
Bear Market
Prolonged market downtrend
Bitcoin ATM (BTM)
A cash machine or ATM that allows the user to buy and sell Bitcoin.
Bitcoin Domination (BTCD)
Bitcoin Dominance; It is the ratio that shows how much the Bitcoin market value corresponds to the value of the total cryptocurrency market.
Bitcoiner
Someone who believes that the price of Bitcoin will rise.
BitLicense
It is a business license issued by the New York State Department of Financial Services that allows to conduct virtual currency transactions.
Block Duration
In blockchain-based systems, it refers to the time required to generate new blocks.
Block Explorer
An application that allows the user to view the details of a particular block on the blockchain. They are also called blockchain browsers.
Block Header
The block title is a unique identifier of the block that is hashed by the Proof-of-Work consensus algorithm, which incentivizes mining.
Block Manufacturer
A block producer (BP) is a person or group whose hardware is selected to validate block transactions. Like most Proof of Stake (PoS) blockchain networks, it creates the next block.
Block Size
In blockchain technology, block size refers to the total amount of data that can be inserted into a single block in the chain.
Blockchain
Distributed ledger technology
Blockchain Tribalism
Blockchain tribalism is when the blockchain or cryptocurrency community becomes ideologically committed to a particular blockchain or cryptocurrency.
Bonding Curve
A Bonding Curve is a mathematical curve that describes the relationship between the price and supply of a value asset.
Bull Market
Prolonged market uptrend
Burning
Destruction of tokens to reduce supply
Byzantine Fault Tolerance (BFT)
Byzantine Fault Tolerance (BFT) is the property that allows a computer system to reach consensus independently, even if some of its components fail.