Glossary

Addresses

A unique address that identifies where a cryptocurrency sits on the blockchain. It’s this location where the coin’s ownership data is stored and where any changes are registered when traded. Addresses look different among cryptocurrencies but are usually a string of more than 30 characters.

Air Gapping

The act of keeping digital information or machinery isolated from unauthorized access in order to enhance security.

Airdrop

A marketing campaign refers to the expedited distribution of a cryptocurrency through a population of people. It can occur when the creator of a cryptocurrency provides its coin to low-ranked traders or existing community members in order to build its use and popularity. They can be given away for free or in exchange for simple …

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Algorithm

Mathematics instructions coded into and implemented by computer software to produce the desired outcome.

Altcoins

A category that includes all coins other than Bitcoin, the first and most successful of all the cryptocurrencies. 

Anti-Money Laundering

AML. International laws and regulations are designed to prevent criminals from laundering money through cryptocurrencies into real-world cash. 

Arbitrage

The act of buying from one exchange and then selling it to another exchange if the margin between the two is profitable. Multiple exchanges trade in the same cryptocurrency at any given time, and they can do so at different rates.