Cryptocurrency Terms and Definitions

In the world of cryptocurrencies, Dashka refers to the Dash cryptocurrency.

Dump refers to the situation when some dishonest cryptocurrency market player artificially reduces the cost of cryptocurrency to the price he/she needs and buys it at a much lower cost.

The Genesis Block is the very first block in the blockchain. The Genesis Block is not even the first block but the zero block. Any cryptocurrency begins to be mined from the zero block, so from the Genesis Block.

In the world of cryptocurrencies BlockChain is kind of electronic journal in which the history of all transactions and operations associated with cryptocurrency is being recorded.

Bitok is an alternative name for the Bitcoin cryptocurrency.

In the world of cryptocurrencies Bounty means the accrual and payout of bonus tokens upon completion of an ICO to a user who made an advertising campaign for ICO in various social networks, thematic sites and other online and offline resources.

In the world of cryptocurrencies word "Airdrop" imply the distribution of tokens for performing some simple task.

The abbreviation ASIC means "Application Specific Integrated Circuit"

Due to the fact that the first and main cryptocurrency even today is Bitcoin all other cryptocurrencies are called Altcoins.

An address in cryptocurrencies means a character set that consists of numbers and letters and most often its length is 34 characters (for example, Bitcoin addresses) and 42 characters (for example, Ethereum addresses).