📖The Interactive Glossary
Each definition is linked to a YouTube video. Click on it to learn more!
Bitcoin - The blockchain which BTC exists upon.
Block - A group of data that is bundled together, and stored on the blockchain.
Blockchain - A distributed database, a more secure and transparent way to store data.
BTC - The native token of the Bitcoin blockchain, and the largest cryptocurrency by market value.
CEX - Short for "centralised exchange" is a platform where you can exchange fiat currency for crypto with an intermediary.
Crypto - A virtual form of money, secured by cryptography, which runs atop of blockchains.
Cryptography - A method of securing information and communication, crucial to crypto.
DeFi - Short for "decentralised finance" a sector of crypto focused on building finance on-chain.
Derivative - An asset that derives its value from another underlying asset.
DEX - Short for "decentralised exchange" is a peer-to-peer exchange, there isn’t a middleman to connect trades, it’s done by code.
Drift - A decentralised perpetuals future exchange built on Solana. Its token is $DRIFT.
Federal Reserve - The US central bank, in charge of monetary policy, such as interest rates.
Fiat Currency - Used in crypto-speak to describe government issued currency such as USD & GBP.
Future - A financial contract to trade at a predetermined price, date and amount.
Interest Rate - The cost of borrowing, and the rewards to lending and saving.
Jupiter - A well known aggregator and DeFi platform on Solana. Its token is $JUP.
Leverage - A tool that allows traders to trade with a larger position than they would otherwise have.
Liquid Staking - A novel form of staking that doesn't involve the lockup of stake.
Long - To buy an asset with the expectation that its price will increase.
LST - Short for "liquid staking token" a placeholder token used in liquid-staking.
Native Staking - A form of staking that requires the lockup of stake.
Native Token - The token used on a L1 to pay transaction fees and reward validators. (e.g. SOL)
Perpetual Future - A futures contract that never settles.
Phantom - A well known crypto wallet.
Pool - A collection of tokens held in one place, usually used for staking and by DeFi protocols.
Pricing In - When today’s market price reflects the impact a future announcement.
Sanctum - A LST aggregator and issuer. Its token is $CLOUD.
Short - A trade to bet on the depreciation of an asset’s price.
Smart Contract - Self-executing code stored on the blockchain.
SOL - Solana’s native token.
Solana - A high performance, cost-efficient, smart-contract blockchain.
Spot Market - A market where trades settle immediately, and you actually own the asset you bought.
Stake - The crypto-assets that you lock up during staking.
Staking - The process of locking up crypto-assets, such as SOL, to support the running of a blockchain or app, typically receiving rewards in return.
Transaction - When one party sends crypto to another or any interaction with the blockchain.
Wallet - Equivalent to a bank account—where you store your crypto-assets.
Wallet Address - A string of numbers and letters which identifies your wallet.
Last updated