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.

Last updated 6 months ago

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.

Last updated 6 months ago