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Glossary of Terms

by Modesta Chi
March 27, 2023
Reading Time: 2 mins read

Address

An address in crypto is like a fiat account number, it’s a unique identity with numbers and letters where cryptocurrencies and other digital assets can be sent. It is also called a “public key.”

Airdrop

An airdrop is a token or coin shared freely to different wallet addresses by blockchain startups or companies to promote a new cryptocurrency project.

Altcoins

Altcoins are all cryptocurrencies that are not bitcoin and can be used as substitutes. It is derived from two words: “alternative” and “coin.”

Attack Surface 

An attack surface is the sum of all the areas of a system that are vulnerable to hacking.

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Attributes

Attributes are features of an NFT or things that are used to identify a property or an NFT.

Auction

An online auction is a process by which buyers bid for products or services over the internet.

Automated Market Maker (AMM)

Automated market maker is a type of decentralized exchange that makes trading easy by using a crypto liquidity pool.

Asic

ASIC, also known as an “application-specific integrated circuit,” is a chip that is created for a particular purpose or work. It is mostly used for bitcoin mining. 

Authentication

Authentication is the process by which a device or user is identified as real before being given access to a network.

Avatar

An Avatar is the Digital representation or pair of a player in the Metaverse. 

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