Crypto terms,
in plain English.
No one is born knowing what a seed phrase is. Start with a definition, then follow the guide for context.
40 terms, explained simply
- Address
A public destination or account identifier on a particular network.
Read the full explanation- Approval
Permission for a contract or delegate to act on an asset under defined rules.
Read the full explanation- Asset identifier
A network-specific identifier such as a token contract or mint address.
Read the full explanation- Backtest
A simulation applying defined rules to historical or synthetic data.
Read the full explanation- Blockchain
A shared, ordered record updated under a network’s rules.
Read the full explanation- Bridge
A mechanism coordinating assets or messages across separate networks.
Read the full explanation- Circulating supply
The units counted as circulating under a data provider’s methodology.
Read the full explanation- Cold storage
A setup designed to keep signing material away from ordinary online exposure.
Read the full explanation- Confirmation
A network-specific indication that a transaction has progressed in accepted history.
Read the full explanation- Custody
The arrangement determining who controls access and authorization.
Read the full explanation- DeFi
Financial applications implemented partly through smart contracts.
Read the full explanation- Depeg
A stablecoin price moving away from its intended reference value.
Read the full explanation- Drawdown
The decline from a previous peak in a series of portfolio values.
Read the full explanation- Exchange
A service or mechanism for trading assets; custody models differ.
Read the full explanation- Finality
The point or level of assurance at which accepted history is treated as settled.
Read the full explanation- Gas
A unit used in Ethereum’s accounting of computational work.
Read the full explanation- Hardware wallet
A dedicated device designed to isolate private signing material.
Read the full explanation- KYC
An identity-verification process whose requirements depend on provider and location.
Read the full explanation- Limit order
An order with a price boundary that may remain partly or entirely unfilled.
Read the full explanation- Liquidity
The practical ability to transact an amount without excessive price impact.
Read the full explanation- Market cap
A quoted price multiplied by the counted circulating supply.
Read the full explanation- Memo or tag
An extra field some services use to credit a shared receiving address.
Read the full explanation- Native asset
An asset accounted for by the base network rather than an ordinary token contract.
Read the full explanation- Oracle
A mechanism supplying external information to a contract.
Read the full explanation- Paper trading
Simulated decision practice without executing real market orders.
Read the full explanation- Peg
The reference relationship a stablecoin is designed to maintain.
Read the full explanation- Phishing
A deceptive attempt to obtain credentials, money or authorization.
Read the full explanation- Private key
Secret material used to authorize actions for an account.
Read the full explanation- Recovery phrase
Words used by many wallets to recreate signing access; not every wallet uses this model.
Read the full explanation- RWA
Real-world asset; tokenized claims require off-chain and legal checks.
Read the full explanation- Self-custody
An arrangement where you control the wallet authorization method yourself.
Read the full explanation- Slippage
The difference between an expected execution price and the actual result.
Read the full explanation- Smart contract
Code that applies defined rules to on-chain actions.
Read the full explanation- Spread
The difference between available buy and sell quotes or a markup within a quote.
Read the full explanation- Stablecoin
A token designed to track a reference value without guaranteeing it.
Read the full explanation- Staking
Participation or delegation in a proof-of-stake security process; arrangements vary.
Read the full explanation- Tokenization
Representing an asset or claim using digital ledger records.
Read the full explanation- Transaction hash
A reference used to locate a transaction; terminology varies across networks.
Read the full explanation- Volatility
Variation in prices over time, not a prediction that losses must reverse.
Read the full explanation- Wallet
An interface and authorization setup for interacting with network accounts.
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