Crypto Glossary

Privacy Coin Definition: A privacy coin is a cryptocurrency designed to ensure user privacy and transaction anonymity.

Peer-to-Peer (P2P) Definition: A decentralized method of transferring assets or data directly between individuals, eliminating the need for intermediaries and enabling secure, transparent transactions.

Optimistic Rollup Definition: A Layer 2 solution that scales blockchain by batching transactions off-chain and settling them on-chain efficiently.

Open-source software is publicly accessible and modifiable, enabling collaborative development and allowing users to view, modify, and distribute the source code.

Over-the-Counter (OTC): Direct trading between parties without using traditional exchanges, ideal for large transactions or illiquid assets.

OpenSea is a decentralized marketplace designed for buying, selling, and trading NFTs (non-fungible tokens). It provides a platform for users to explore and transact unique digital assets, such as art, collectibles, and virtual items, directly on the blockchain.

Oracles Definition: Oracles are external data sources that supply real-world information to smart contracts, enabling blockchain systems to interact seamlessly with external environments.

On-chain refers to activities or transactions that are executed, verified, and permanently recorded on a blockchain by miners or validators.

Non-Custodial: Platforms or services where users control their private keys and assets, ensuring security and self-sovereignty.

A node is a computer within a blockchain network that maintains a copy of the blockchain, validates transactions, and earns rewards for its participation.