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Appendix

General Terms

  • BTC (Bitcoin): The first and most well-known cryptocurrency.

  • GCB (Global Commercial Business): Native Token of GCBex, designed to be used in a wide ecosystem.

  • ETH (Ethereum): A decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference.

  • LTC (Litecoin): A peer-to-peer cryptocurrency and open-source software project.

  • XRP (Ripple): A digital payment protocol and cryptocurrency.

  • ADA (Cardano): A blockchain platform for changemakers, innovators, and visionaries.

  • DOT (Polkadot): A multi-chain blockchain platform designed to enable different blockchains to transfer messages and value in a trust-free fashion.

Trading Terms

  • HODL (Hold On for Dear Life): A term used to describe the act of holding onto a cryptocurrency rather than selling it, despite market fluctuations.

  • FOMO (Fear Of Missing Out): The feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media.

  • FUD (Fear, Uncertainty, and Doubt): A strategy to influence perception by disseminating negative and dubious or false information.

  • ATH (All-Time High): The highest price ever reached by a cryptocurrency.

  • ATL (All-Time Low): The lowest price ever reached by a cryptocurrency.

  • ROI (Return on Investment): A measure used to evaluate the efficiency of an investment.

Technical Terms

  • 2FA (Two-Factor Authentication): An extra layer of security used to ensure that people trying to gain access to an online account are who they say they are.

  • KYC (Know Your Customer): A process of verifying the identity of clients.

  • AML (Anti-Money Laundering): A set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.

  • DEX (Decentralized Exchange): A peer-to-peer marketplace where transactions occur directly between crypto traders.

  • CEX (Centralized Exchange): A type of cryptocurrency exchange that is operated by a company that owns it in a centralized manner.

  • ICO (Initial Coin Offering): A type of funding using cryptocurrencies. It is often a form of crowdfunding.

Blockchain and Network Terms

  • PoW (Proof of Work): A consensus mechanism that requires network participants to solve complex mathematical problems to validate transactions and create new blocks.

  • PoS (Proof of Stake): A consensus mechanism that requires network participants to hold and stake their cryptocurrency to validate transactions and create new blocks.

  • dApp (Decentralized Application): An application that runs on a decentralized network, avoiding a single point of failure.

  • NFT (Non-Fungible Token): A unique digital asset that represents ownership of a specific item or piece of content, often used for digital art and collectibles.

  • DAO (Decentralized Autonomous Organization): An organization represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government.

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Last updated 7 months ago