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Glossary

  • algorithm: An algorithm is a set of mathematical instructions that can be used to perform a task. In the case of cryptocurrency, algorithms are used to verify and validate transactions.
  • altcoin: Any cryptocurrency other than Bitcoin.
  • ATH: Acronym for "all-time high."
  • ​Automated Market Maker (AMM): A system in which you can always swap two assets without waiting for a match like you would in a traditional order book.

  • BEP-20 token: A standard of tokens and how their smart contracts are written. This is the standard of token used by Bridges Exchange.
  • Binance: A major centralized exchange where you can buy BNB to use on Bridges Exchange.
  • Bitcoin: The first cryptocurrency, and the largest on the market today. Created by Satoshi Nakamoto and launched in 2009.
  • ​blockchain: A digital decentralized ledger.
  • Bridges: The overall project created by the Bridges team and shorthand for the company name, Bridges CryptoTech, Inc.
  • Bridge$: The token that is the foundation of the Bridges ecosystem. The symbol of Bridge$ is BRG.X.
  • Bridges Exchange: The platform that interacts with the underlying smart contracts and which allows you to swap tokens, deposit liquidity, yield farm LP tokens, lock liquidity, and manage your Bridge$ in the dashboard.

  • ​centralized ledger: The mechanism behind the accounting of companies, banks, and so forth wherein a single entity controls the ledger.
  • ​centralized exchange: An exchange which is managed by a centralized actor, requires users to register and complete legal identity verification, stores your funds in custodial wallets, and has fiat on- and off-ramps by virtue of being a part of the centralized financial system.
  • CEX: Shorthand for a centralized exchange.
  • coin: See native coin.
  • Coinbase: A major centralized exchange.
  • ​cold wallet: A wallet that is stored offline.
  • ​cryptocurrency: A currency secured by cryptography.
  • ​cryptography: A field focused on secure data transfers.
  • ​custodial wallet: A wallet that you keep with a crypto trading platform, such as Binance or Coinbase.

  • directed acyclic graph (DAG): A mathematical concept used by some new blockchain protocols like IOTA to overcome scalability issues.
  • ​decentralized exchange: An exchange that is completely open to all projects that want to list their tokens, does not collect the personal identities of participants, allows you to connect your non-custodial wallet, and (typically) does not have an on- or off-ramp with fiat.
  • ​decentralized finance: A financial system that cuts out the middlemen and exists on the blockchain. There are no central actors who control everything.
  • ​decentralized ledger: A ledger in which there are a lot of copies of the ledger that many different people maintain.
  • DeFi: See decentralized finance.
  • ​developers: Those who decide to launch a token project on blockchain.
  • devs: Shorthand for developers
  • DEX: Shorthand for decentralized exchange.
  • ​distributed ledger: See decentralized ledger.
  • doxx: When a cryptocurrency leadership team is "doxed," it means that their identities and personal information are made public.
  • dump: Strong downward price movement.
  • ​dusting: Scammers sending unsolicited malicious tokens to your wallet. Do not interact with these tokens in order to prevent your wallet from being hacked.
  • DYOR: Acronym for "do your own research."

  • ​farming: The act of staking your LP tokens in exchange for rewards.
  • ​fiat: Government-issued money.
  • FTX: A major centralized exchange where you can buy BNB to use on Bridges Exchange.
  • FOMO: Fear of missing out.
  • FUD: Fear, uncertainty, and doubt.

  • ​gas fees: The cost of having your transactions validated by the validators.
  • ​Gnosis Safe: A major decentralized multi-signature wallet provider.
  • Golang (GO): Most-used programming language to code blockchains.

  • HODL: Acronym for "hold on for dear life."
  • holder: Someone who owns a cryptocurrency.
  • honeypot: A scam in which you can buy a token, but it's not possible to sell the token.
  • ​hot wallet: A wallet that is always connected to the internet.

  • Kraken: A major centralized exchange.
  • KuCoin: A major centralized exchange where you can buy BNB to use on Bridges Exchange.

  • liquidity fee: Liquidity fees are charged to users who want to swap cryptocurrency pairs that are not frequently traded. They provide rewards to those who provide liquidity and make the swaps possible.
  • liquidity locker: A place where developers can lock their liquidity.
  • liquidity mining: Liquidity mining refers to users providing "liquidity" contributions to the market being rewarded for that, thereby allowing holders to trade the underlying assets.
  • ​liquidity pair: The pair of two tokens that gives one it's value and enables the swapping of the tokens using an AMM.
  • ​liquidity pool: A pool filled with each of the tokens in the liquidity pair which allows for swapping though an AMM.
  • liquidity provider: Someone who provides liquidity to the liquidity pool.
  • locked liquidity: Liquidity that is programmatically locked in a way that it cannot be removed by the developer.
  • locker: See liquidity locker.
  • LP tokens: The tokens you receive when you deposit liquidity.

  • market cap: See market capitalization.
  • market capitalization: The total value of all of the tokens.
  • mcap: See market capitalization.
  • ​Metamask: A major decentralized wallet provider.
  • moon: An event in which a coin or token increases to an astronomical price.
  • Moonpay: A payment provider that lets you use a credit card to buy crypto.
  • ​multi-hop swap: A swap in which you enter two tokens that have no liquidity pair together, and the exchange does multiple swaps in the background.
  • ​multi-signature wallet: A wallet which uses multiple other wallets as the keys to approve transactions.

  • ​native coin: The foundational cryptocurrency on a particular chain.
  • ​non-custodial wallet: A wallet that is independently held by the user.
  • no-coiner (also written as nocoiner): Someone who interacts with a crypto community but doesn't hold any of that coin or token.

  • ​pegged coins: The token form of a coin that exists on another blockchain which follows the price of the coin on its own blockchain.
  • PoS: Shorthand for proof of stake.
  • PoW: Shorthand for proof of work.
  • ​price: The value of a token relative to its pair in the liquidity pool.
  • proof-of-stake: A consensus algorithm in blockchain where validators need to stake a certain amount of native coins to join the network as a validator. For example, PoS is used by Binance.
  • proof-of-work: A consensus algorithm in blockchain, where validators have to solve complex operations in order to validate transactions and get rewarded with the native coin for it. For example, PoW is used by Bitcoin.
  • ​project: A token and its use cases that are being implemented on the blockchain by a developer team.
  • pump: Strong upward price movement.
  • pump-and-dump scheme: A scam in which someone (developer or otherwise) pump the price of a project only to sell all of their tokens to steal liquidity and crash the price.

  • rug pull: A scam in which a developer removes all of the liquidity leaving the holders valueless tokens.

  • safu: A term used to mean "safe" in crypto.
  • Satoshi Nakamoto: The mysterious, anonymous creator(s) of Bitcoin.
  • semi-DeFi exchange: See semi-decentralized exchange.
  • ​semi-decentralized exchange: An exchange that holds to the core tenants of DeFi, but has a quality assurance check to exclude scams and tokens with no utility or innovation.
  • Simplex: A payment provider that lets you use a credit card to buy crypto.
  • ​smart contract: Code that determines the rules for something on the blockchain.
  • Solidity: Solidity is a cryptocurrency coding language used to write smart contracts. It is a contract-oriented, high-level language for implementing Ethereum Virtual Machine (EVM) bytecode. The Ethereum Foundation developed solidity and provides a way to create contracts on the Ethereum blockchain and other EVM compatible blockchains such as BNB chain.
  • ​stablecoin: A token that is tradable at a stable price.
  • stable token: See stablecoin.
  • ​swap: The act of trading one token for another.

  • taker fee: See liquidity fee.
  • ​token: A cryptocurrency that is not trading on its own blockchain.
  • ​traditional finance: The financial industry that most people are familiar with in which centralized actors control the financial systems.
  • TradFi: Shorthand for traditional finance.
  • ​Trust Wallet: A major decentralized wallet provider.

  • ​validator: The people who are checking the transactions on the blockchain
  • value: See price.

  • ​wallet: Your personal space on the blockchain where you store all of your assets, and the interface that you need to interact with the blockchain.
  • whale: Someone who holds a large portion of the overall token supply.

  • yield farming: See farming.
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