All-Time High (ATH): This is the highest price of a cryptocurrency in a quote currency, such as a dollar, BTC, ETH, or BNB. For instance, the All-Time High of Bitcoin is 1 Bitcoin to $20,000 .
Altcoin: This is any Cryptocurrency that is an alternative to Bitcoin. It is also used to describe cryptocurrencies that are not Bitcoin.
Bags: This is the portfolio of coins and tokens a person is holding. This most times is a low performing coin that the individual chooses to hold hoping for a price increase. For instance holding 20,000 1UP is could be called a bag.
Bear Market: This is a negative trend in prices of a market. It is widely used not only in the cryptocurrency space but also in the traditional markets to refer to when prices are down.
Block: A block is an aggregate or compiled series of verified transactions that have taken place during a given period of time. For instance, in the Bitcoin Blockchain a block is created once every 10 minutes.
Blockchain: This is in its simplest form a large data file containing all the transactions that have ever occurred using a particular cryptocurrency.
Bull Market: It is a positive trend in prices of a market. It is uses both in the Cryptocurrency market and other markets like the Forex market and traditional markets like stocks, bonds and others to refer to when prices are up.
Confirmation: A transaction is said to be confirmed whenthe information has been included in a block on the blockchain, at which point it has a confirmation, some Blockchain's require more than one confirmation.
Cryptography: This means secret or covert, and it is the use of extremely complex mathematics to protect some sensitive information. Bitcoin uses cryptography to verify transactions on its Blockchain to ensure security.
Distributed Computing: Just like can be inferred from the name, this means spreading a lot of computing tasks over a large network that simultaneously runs those tasks. It is the computer version of what we call "division of labor".
Decentralised: This is most probably the most famous word in the cryptocurrency space. Decentralised means that it isn't controlled by anybody. The power is literally in the hands of the users and not a central authority.
Hash: A hash is a unique transaction identifier that miners perform on a block to make sure that the block secure. Think of it as a form of security protocol that can be also used to track the transaction to be sure it got to the recipient.
Hot wallet: A wallet that is connected to some server and is always online. A hot wallet is more susceptible to hacks, but it they are also extremely easy to use as you don't have to go through the bogus process that you go through with a cold wallet. These wallets are also created for mobile phones, so it makes sending and receiving crypto on the go a whole lot easier and faster.
Ledger: It is an electronic log book which contains transactions and balances that occur on a Blockchain. The bitcoin blockchain is (and was the first) decentralised public ledger.
Miner: The apparent meaning would be someone who mines right 😂😂😂. A miner refers to a computer (nowadays a group or farm of computers) that add transactions to blocks and verify blocks created by other miners in the network. They are very essential to cryptocurrencies that run on Blockchain's, as no transactions can take place on a blockchain without a miner first verifying it. Miners require a lot of processing power and electricity, and they must be on all the time.
Multi Signature: This is a transaction that requires electronic signatures from more than one person to be executed. They are carried out in an effort to strengthen security on blockchains.
Private Keys: These are a string of alphanumeric characters that serve as the only means of retrieving a lost address. They are the lock and key of an address, and an address cannot be used without the private keys being inputted first. It goes on to say that you should never share these with anyone. Never trust anyone with them, absolutely no one.
Proof of Work: This is a piece of data that requires a significant amount of computational power to create, but requires a rather minimal power to be verified. Bitcoin is notorious for using this method to form blocks.
Public key: This is exactly like your private key, except you can give this one out. It serves as your "bank account number" and you give this to anyone to someone who wants to send you any Crypto.
Wallet: A software program or a piece of hardware that contains the private keys to unlock certain cryptocurrencies that belong to a user. A wallet consists of a wallet address, which is also known as your public key. This is where bitcoin and other cryptocurrencies can be sent to.
