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Explore Crypto Terms & Definitions
REKT
Short-hand for wrecked, meaning to make a significant, or even ruinous, crypto trading loss.
Replay Protection
Protection against a replay attack, an attack on a blockchain that attempts to intercept and replay (double spend) transactions.
Ring Signature
A feature of privacy coins that minimise the information associated with any transaction.
ROI
Return On Investment. Calculated by dividing Profit by Amount Invested. If you make a Profit of €100 from an Investment of €1,000 your ROI is 10%. e.g (€100/€1000)*100.
Satoshi Nakamoto
The pseudonym of Bitcoin’s creator. Their real identity is not known. Remaining anonymous enables Bitcoin to function without a controlling figure or someone that could be a point of weakness/attack.
Schnorr Signature
A type of digital signature invented in the 1980s that allows for signature aggregation whilst maintaining privacy standards. Schnorr Signatures were recently added to the Bitcoin Protocol allowing for more secure multi-signature transactions on the Bitcoin blockchain.
Second Layer
The term used to describe applications built on top of a blockchain, e.g the Lightning Network built on Bitcoin.
Security
Tradable financial asset. The term is commonly used to refer to any form of financial instrument but this can vary depending on jurisdictions. In the United States securities fall into three broad categories: Debt, Equity and Derivatives. This definition is crucial to cryptocurrencies as being classified as a Security and used by US citizens, they would fall under the authority of the SEC.
Seed
A collection of unique phrases that act as the security layer protecting a HD (hierarchical deterministic) crypto wallet and all associated addresses without needing to access individual private keys.
Segregated Witness (SEGWIT)
A soft fork of the Bitcoin protocol intended to increase block space and transaction speed by splitting transactions and separating signature detail.
Relative Strength Index (RSI)
A leading indicator of price, using an index of 0-100 calculated by aggregating price gains/losses over a 20 day/week period.
Resistance Level
A price point which proves difficult to cross and will halt upward or downward momentum.
Ripple
A real-time money settlement system, currency exchange and remittance network that uses the token XRP as part of its function.
Rug pull
A DeFi scam where project developers quietly abandon the project, taking investor funds with them.
Sats
Abbreviation for Satoshi, the smallest unit of Bitcoin i.e 0.00000001
SEC
Abbreviation for the Securities and Exchanges Commission. One of the largest independent agencies of the US government responsible for protecting financial markets against manipulation, which include the trading of any cryptocurrencies considered as a Security.
Securities
Tradeable financial assets. The term is commonly used to refer to any form of financial instrument but this can vary depending on jurisdictions. In the United States securities fall into three broad categories: Debt, Equity and Derivatives.
Security Token
A type of crypto token that represents an asset, rather than providing utility within a blockchain system.
Seed Round
Early investment in a private company or project in exchange for equity (a share of ownership and future revenue).
Seigniorage
The economic cost of producing a currency measured by the difference between a currency's worth and the cost it took to produce it. For example, the difference between $10 dollars and the cost it took to produce a $10 bill.
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