Crypto Glossary

ASIC (Application-Specific Integrated Circuit): A high-performance hardware device specifically engineered for cryptocurrency mining, particularly for coins like Bitcoin.

A feature of certain cryptocurrencies that enhances user privacy by concealing identities during blockchain transactions.

A stablecoin whose value is maintained through algorithmic mechanisms rather than being pegged to external assets.

API stands for Application Programming Interface, a tool allowing software applications to communicate and interact with each other.

Annual Percentage Yield (APY): The annual return rate for staking or providing liquidity on decentralized finance platforms.

Airdrop definition: A process in which digital assets are distributed for free, typically to select token holders or active blockchain wallets.

Apeing definition: Aggressive investing without research, driven by FOMO (fear of missing out).

Annual Percentage Rate (APR) refers to the annualized interest rate for staking, borrowing, or lending on both centralized and decentralized crypto platforms.

Wallet Address definition: A unique identifier used to send and receive cryptocurrencies on a blockchain network.