GLOSSARY


Alphabetical: A-Z
In the world of cryptocurrencies, refers to the upper boundary that a user is willing to set for the transaction fee when initiating a transaction or executing a function within a smart contract.
Halving is a pivotal process within the world of Proof of Work (PoW) cryptocurrencies, such as Bitcoin (BTC), wherein the block reward is essentially cut in half. The upcoming Bitcoin halving is anticipated to take place around the year 2024.
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An innovative fundraising method where newly launched projects offer their cryptocurrency to potential investors is known as an Initial Coin Offering (ICO).
An ingenious fundraising approach aimed at mitigating risk for token buyers involves the introduction of a trusted intermediary acting as a bridge between the project team and users. This method is frequently executed on established and reputable centralized exchanges, simplifying the process of offering tokens to the public and expanding the project's reach, albeit incurring a service cost to the exchange.
IPO, or Initial Public Offering, signifies the pivotal moment when a privately-held company makes its shares available to the general public for the very first time.
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