Slippage
Slippage is the difference between the expected price of a trade and the price at which it is actually executed.
#crypto glossary Page 8
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Rug Pull
A rug pull is a crypto scam in which developers abandon a project and withdraw user funds, often by removing liquidity.
Quorum
Quorum is the minimum number of participants required for a blockchain vote or decision to be considered valid.
Rollups
Rollups are Layer 2 solutions that bundle transactions to reduce fees and improve blockchain scalability.
Private Key
A private key is a secret cryptographic code that allows users to access and control their cryptocurrency assets.
Oracle
An oracle is a service that supplies blockchains with real-world data needed for smart contracts and DeFi applications.
Liquidity
Liquidity refers to how easily a cryptocurrency can be traded without causing major price changes.
Fiat Currency
Fiat currency is government-issued money not backed by a physical asset, commonly used alongside cryptocurrencies for trading and payments.
Cryptocurrency Exchange
A cryptocurrency exchange is a platform that allows users to buy, sell, and trade digital assets.
Decentralized Applications (dApps)
Decentralized applications are blockchain-based programs that run using smart contracts instead of centralized servers.
Custody
Custody describes how cryptocurrencies are stored and secured, either through third-party providers or via user-controlled wallets.
Bridge
A blockchain bridge enables the transfer of assets or data between different blockchain networks, supporting interoperability across ecosystems.
Airdrop
An airdrop is a crypto distribution method where tokens are sent to users’ wallets, often for free, as part of marketing or community incentives.
Consensus Mechanism
A consensus mechanism is the process blockchains use to validate transactions and agree on a shared, secure ledger.
Gas Fees
Gas fees are blockchain transaction costs paid to process and validate transactions and smart contract operations.