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Glossary of Terms

With new technology comes new terminology that may or may not make sense to the average person. We have compiled a comprehensive list of the most commonly used terms within the cryptocurrency space to serve as a reference point for you to come back to whilst doing your research on various cryptocurrencies.

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Introduction to Blockchain and Cryptocurrencies

A brief and easy to understand introduction to blockchain and cryptocurrencies. What are they, what makes them unique, and what do so many see in it.


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tezos

Tezos [B-]

Tezos (XTZ) is a blockchain capable of modifying its own code through a voting mechanism. Running by a proof-of-stake consensus model, XTZ allows holders to be rewarded for their participation in the network. Participation in the network also allows the user to have a say in what changes are implemented. Tezos is a democratic network, where rules (and code) can be transformed by participants. This makes it an interesting alternative cryptocurrency.

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ethereum

Ethereum [A-]

Use Case: Decentralized Application Platform
Description: Ethereum is one of the first cryptocurrency projects to expand upon the potential future uses of blockchain technology. Ethereum offers programmers the ability to create smart contracts, decentralized applications, and their own tokens. Ethereum seeks to create a decentralized platform that others can leverage to advance their own infrastructure, whether it be personal, communal, or enterprise-grade.
Strengths: Very large developer community, enterprise-level adoption, promising future updates
Weaknesses: Uncertainty regarding future improvements, occasionally subject to high fees and backlogging of transactions

nano

Nano [A-]

Nano (NANO) is a cryptocurrency that prides itself on very fast and feeless transactions as well as being more environmentally friendly compared to its competitors. Originally created to address the inefficiencies of older generation cryptocurrencies, Nano uses a block-lattice structure instead of a traditional blockchain structure to achieve its highly efficient outcomes in transaction processing.

ripple

Ripple [B+]

XRP (XRP) is a cryptocurrency used by Ripple Labs in their financial innovation products. XRP is a centralized cryptocurrency that seeks to serve as a mediary form of payment for financial institutions from around the world to better allow for cross border payments and asset transfers. Their team and track record are among the best in the crypto space.

bat

Basic Attention Token [B+]

Basic Attention Token (BAT) is the cryptocurrency native to the Brave browser. Brave uses a built-in adblocker along with additional privacy features to deliver the purest internet browsing experience possible. Users of the Brave browser can opt in to see ads and are paid in BAT for every ad they choose to view. The BAT token can then be used to tip content creators through the browser effortlessly and seamlessly through a well designed user interface, or can be kept safe and secure to be sold on the market in the future.

bitcoin

Bitcoin [B]

Bitcoin (BTC) is one of the world’s first cryptocurrencies that was created back in 2009 by the mysterious Satoshi Nakamoto. It is currently the most valuable and well-known digital currency in the market. Bitcoin operates without the authority of a central bank or other manipulative entity, fulfilling its mission to become one of the fairest forms of payment and stores of value in existence.

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The Crypto Page

The Crypto Paper

A free, simple, and straightforward newsletter containing weekly highlights from the world of cryptocurrency, handpicked by independent and unbiased curators. Delivered to your inbox every Monday morning, The Crypto Paper delivers the week’s biggest news stories, market movers, and featured products and reviews in an easy to digest 10 minute read.

Brave browser

Brave

The Brave browser is a fast, private and secure web browser for PC, Mac and mobile. Enjoy a faster ad-free browsing experience that saves data and battery life by blocking tracking software. By using Brave, you are eligible to earn rewards in BAT.

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