Crypto Wiki
Metadata
Metadata in the context of blockchain and NFTs refers to additional information that describes or gives context to the data or asset recorded on the blockchain.
Cold Storage
Cold storage in cryptocurrency refers to the practice of keeping private keys completely offline, away from any internet connection, to protect them from hacks, malware, or unauthorized access.
Bitcoiner
A Bitcoiner is an individual who is a long-term advocate and user of Bitcoin. Bitcoiners are typically early adopters with significant knowledge about Bitcoin's technology and philosophy. Many Bitcoiners adopt the "HODL" strategy, meaning they hold onto their Bitcoin through market ups and downs, believing in its long-term value. While some Bitcoiners might use Bitcoin for transactions, others view it primarily as a store of value, similar to gold. The term Bitcoiner also encompasses those who contribute to Bitcoin's development, either technically or by promoting its adoption. For example, someone who has been holding Bitcoin since its early days, regularly participates in Bitcoin discussions, and supports decentralization and financial sovereignty, would be considered a Bitcoiner.
BEP-721
BEP-721 is the token standard for non-fungible tokens (NFTs) on the Binance Smart Chain (BSC).
Pump and Dump
A pump and dump is a type of market manipulation scheme where the price of an asset, such as a cryptocurrency, is artificially inflated (pumped) by coordinated buying, followed by a rapid sell-off (dump) once the price has risen significantly.
Public Key
A public key is a cryptographic code used in conjunction with a private key to encrypt and decrypt data.
Protocol
A protocol in blockchain refers to the set of rules that define how data is exchanged and validated across the network.
Proof of Work (PoW)
Proof of Work (PoW) is a consensus algorithm that requires network participants (miners) to solve complex mathematical puzzles to validate transactions and create new blocks.
Proof of Stake (PoS)
Proof of Stake (PoS) is a consensus algorithm used by blockchain networks to validate transactions and secure the network.
Proof of History (PoH)
Proof of History (PoH) is a consensus mechanism used by Solana to create a verifiable order of events or transactions before they are processed.
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