is a cryptographic virtual currency. Can be used to trade, exchange, speculate according to market demand. There are many currencies, similar to the tangible currency (Fiat) of different countries. Currently, there are more than 1,651 cryptocurrencies (web-based).
Crypto currency Crypto currency are electronic data units that are generated on an electronic system or network. With the intention to use As a medium of exchange for obtaining goods, services or any other rights. Or exchange between digital assets And shall include Any other electronic data units as specified in the notification of the SEC (meaning in accordance with the SEC Act). Is a virtual cryptocurrency that is encrypted Can be used for trading on exchange for speculation according to market demand, there are many currencies similar to tangible currencies (fiat) of different countries Currently, cryptocurrencies are over $1,651 (web based definition).
Cryptography Cryptography is a science that uses mathematics. Or other techniques To prove that communication is safe
Fiat Fiat is a variety of currencies. These are legal currencies used to pay off debts such as the baht, the dollar and the yen.
Bitcoin Bitcoin was the first cryptocurrency. It was created in computer language by Satoshi Nakamoto in early 2009 and marks the birth of block chain technology.
Altcoin Altcoin short for Alternative Coin, is a non-Bitcoin cryptocurrency such as Ethereum (ETH), Ripple (XRP), etc.
Token Token are electronic data units. Which are created on electronic systems or networks are divided into 2 types according to their purpose. 1. Security Token is a token used to determine the right of a person to invest in any project or business. (Meaning according to the SEC Act) 2. Utility Token is a token used to determine the right to acquire goods or services. Or any other specific rights However It is defined in the agreement between the issuer and the holder. And it shall include other rights units as specified in the notification of the SEC.
USDT USDT USDT is one of the cryptocurrency created by Bitfinex and Tether, whose creators have indicated that USDT is equivalent to $ 1.
Address Address is the address code of the cryptocurrency wallet. Like a bank account number Used for depositing and withdrawing coins.
Bitcoin address Bitcoin address is an address code used only for bitcoin deposits and withdrawals, similar to a bank account number.Most bitcoin addresses have 26-35 characters, consisting of random numbers and uppercase and lowercase letters.
Blockchain Blockchain is a form of data storage technology that is decentralized. (Decentralized) was first created to investigate. Bitcoin transactions The blockchain contains a block for storing information. And there is a connection that continues like a chain (chain) in the connection will have a specific block reference code, respectively. Making it impossible to go back and edit the previous blog Currently, blockchain technology is used in other areas, such as medicine, transportation, and the electorate.
Block Confirmations Block Confirmations is to confirm the validity of a transaction. With each transaction that occurred When confirmed And then stored in the blog Status will change from “Unconfirmed” is “confirmed” counts as 1 confirmation and the next block is required. Sorting to the end in storage. In general, wallets or exchanges will wait for at least 0-6 blocks or 0-6 confirmation, which takes about 1 hour before they are confirmed. The transaction was successful.
Node Node in cryptocurrencies refer to computers that are connected to a network. For storing transactional data on the blockchain.
Hash Hash is the reference code obtained by solving mathematical equations. In order to prevent modification of information from third parties Which code looks like this Is used in blockchain transactions.
Exchange Exchange คือ is a center for exchanging digital assets including cryptocurrencies and digital tokens.
Centralized Exchange (CEX) Centralized Exchange (CEX) is a digital asset exchange center. Through intermediaries such as Binance, Bittrex, BX, the client does not control the wallet itself, making it extremely vulnerable if the exchange is closed or hacked. May make money and The client's digital assets are lost, but this type of exchange has the advantage of having volume and trading speed.
Decentralized Exchange (DEX) Decentralized Exchange (DEX) is a digital asset exchange center. Without the middleman such as Etherdelta, Idex, Switcheo, which means The client is in control of the wallet, so there is no risk of loss of money and digital assets. Except the client informs others of the private key, the disadvantage is that this type of Exchange has a relatively low volume and relatively slow web When trading
OTC Exchange OTC Exchange or Over The Counter Exchange is a trading center for exchanging digital assets between individuals. Without mediators By allowing buyers and sellers to agree on the price Including exchange of digital assets among themselves
Market Cap Market Cap or Market Capital is the value of digital assets based on market prices. This is an important variable that shows the potential for a coin's growth and can be compared to similar coins (Volume is calculated by the total number of coins).
Fork Fork is a blockchain breakdown of digital assets. It can often happen when a new digital currency is developed.
Hard fork Hard fork is where cryptocurrency want to split up on the new blockchain in order to improve some functions that the original blockchain could not. Hence, it is necessary to hard forks (sometimes hard forks occur due to massive hacks). And do not want the Hacker to make money as that happened between ETH and ETC)
P2P P2P, or Peer to Peer, is a system that allows users to exchange information, use resources, and conduct transactions with each other. Through the network From one machine to another directly without going through the medium.
Smart contracts Smart contracts are the use of contract terms and business processes into computer program code. This will help The enforcement of the contract by the agreement is performed automatically. Accurate and transparent Increase reliability and work efficiency. This reduces workflows and human errors. Promises like this are implemented on the blockchain to ensure accuracy and transparency, with users able to set conditions and verify transactions. Of the system.
Proof of work (PoW) Proof of work (PoW) is one of the methods of verifying cryptocurrency transactions in a blockchain system. The person who transcribes the equations the fastest will be rewarded: those who use the computer power to process and decode each equation. To confirm the transaction Will receive compensation from the system as a newly produced cryptocurrency. Also known as digging.
Proof of stake (PoS) Proof of stake (PoS) is another method of securing cryptocurrency transactions in a blockchain system designed to modify the Proof of work by allowing the examiner of the cryptocurrency they have secured for verification. Instead of using processing power If there is a fraud, the examiner will be free to freeze the digital money that is in the system. The compensation will be up to the specified credit limit. If there are many inspectors The compensation received will be divided. Spread a lot of shares This allows reviewers to receive less cryptocurrency compensation.
Wallet Wallet is a digital wallet or cryptocurrency. There are 3 main types of wallet, software, hardware, and paper wallet. And can be enabled from websites, wallet providers, and exchange websites.
Hot wallet Hot wallet is an online wallet for storing cryptocurrencies. Users can sign up for services through wallet providers' websites or exchange websites and deposit coins to their wallet address, giving users convenience. And quick to make transactions, but this type of wallet is also risky. Since private keys are stored online, they can be hijacked.
Cold wallet Cold wallet is a cryptocurrency wallet that does not connect to the Internet, such as a wallet stored on a USB thumb drive. The user is in charge of the private 6 key. To use it, connect the USB Thumb Drive to a computer with internet access. This will open it to your wallet before you can proceed with the transaction. Which is safe from viruses or data theft But there is a disadvantage in the difficulty of use.
Hardware wallet Hardware wallet is a cryptocurrency wallet that does not connect to the Internet, similar to a cold wallet, but a hardware wallet is designed with unique functionality. This is used to store individual cryptocurrencies separately, such as Bitcoin hardware wallets specifically for storing Bitcoin. Some hardware wallets do not store cryptocurrencies on the device. But acts like an approved stamp Another withdrawal is also a very secure wallet, as the user controls the private key and must be entered before using a personal PIN to complete the transaction. A hardware wallet is ideal for storing large volumes of coins. But not suitable for use in Daily life This is because there is a complex code in the process. Currently, the disadvantage of hardware wallets is that they are expensive.
Paper wallet Paper wallet is the public key of a paper-based digital wallet, where the user public key is a QR code for speedy scanning and transaction processing. To enable the paper wallet, users have to apply for the wallet service at a website that provides services first such as BitAddress.org, for example, and then print the public key on a piece of paper to support the deposit-withdrawal of coins. Paper wallet is not stored in digital form. Therefore, it is less vulnerable to cyber theft than other wallets, but the disadvantage of this type of wallet is that it is a paper wallet. Therefore, the sharpness of the QR Code has a lower chance of Until unable to scan
Public key The public key is a set of numbers and letters that the wallet represents as a bank account number. For use in deposit-withdrawal transactions Cryptocurrencies in the user's wallet A Private key is a set of private keys that are used to access a user's wallet to verify
Private key A Private key is a set of private keys that are used to access a user's wallet to verify ownership of the wallet in cryptocurrency deposit/withdrawal transactions, so the Private key is like a signature in the world of Cryptocurrency
White paper White paper or WPP is a document that details the entire project. By describing the concept Mathematical techniques Including a business plan Disclosed to interested parties or investors to study And use it as information for decision making in investing in that project.
Investor Investor is a group of investors in the digital asset business. The main goal of earning money from the cryptocurrency blockchain. And digital tokens By investing through a trading center (Exchange) or participating in fundraising via ICO.
Mining Mining is the kind of mining or mathematical processing. To verify transactions that take place in the blockchain. Mining, this will allow the system Is safe And miners will receive block rewards and Transaction fee. Miners can use equipment such as CPU, GPU, and Hard disk depending on their ability to invest. For mining nowadays, it is often made into groups, also known as pools, to combine forces to win Block reward and share the reward proportionally to the mining force
2FA (Two-Factor Authentication) 2FA, or Two-Factor Authentication, is a continuous two-step authentication process. Before the system allows access Designated service This is for the safety of accessing information. And for any transactions, using 2FA always requires two- factor authentication: what you know (here is the code) and what you have (here is your mobile phone). Expires within 30 seconds if applied on the system page is not timely. That code will not work. And the application will generate a new code immediately.
OTP (One Time Password) OTP or One Time Password is a 6-digit password that is generated and sent via SMS to a phone number. For the mobile phone you have registered with Exchange, the password is valid for about 10 minutes and can only be used once. To verify account ownership before accessing and changing any information. Including increasing the security of internet transactions.
AML (Anti-Money Laundering) AML or Anti-Money Laundering is an anti-money laundering policy. As a guideline for the prevention and suppression of money laundering or to prevent the investment of money obtained from illegal activities in any activity. To convert them into legal money or returns.
KYC (Know Your Customer) KYC or Know Your Customer is the process of getting to know the customer that can be identified. (Identification) and authenticate (Verification) correctly. According to the Anti-Money Laundering Act.
Maker Maker is an investor who is responsible for generating bid and ask prices on exchanges, making the exchange's prices and turnover reasonably liquid.
Taker Taker is an investor who chooses to buy or sell on an exchange at the current market price.
PIN PIN is a personal code that is a 4-digit set of numbers used for confirmation of transactions on an exchange.
Transaction Fee Transaction Fee is a fee for making a transaction on an exchange.
Volume Volume is the trading volume of that coin. There is a correlation between price and trading volume over a period of time. Which allows for forecasting the price And is data for trading decisions on the exchange
Long Long is the word for creating an order.
Short Short is a term used for creating a sell order.
Bullish Bullish or bull market is an uptrend market. There is a clear trend to come during a time when the economy is strong or in a period of economic expansion, low unemployment. And the inflation rate is at a controllable level. Investors have high market confidence. Causing the market to adjust Continue to rise
Bearish Bearish or bear market is a bearish market that tends to occur during times of a weak economy or in times of extreme conditions. Economic recession High inflation and unemployment Investors lose confidence in the market. As a result, the market continued to decline.
Cut Loss Cut Loss is a more likely stop loss. By being willing to sell at a selling price lower than the cost Or selling off before the price falls so as not to make more losses
Take Profit Take Profit is selling at a price higher than the cost. Or selling at a satisfactory price To make a profit according to the desired target
FOMO (Fear of Missing Out) FOMO or Fear of Missing Out is fear of falling outflow. In the market, cryptocurrencies investments occur at certain coins. Coins are popular. It is of interest to the market. And high value Until it makes investors interested and decides to trade in order to follow that trend The investment resulting from this fear carries a high level of risk.
FUD (Fear Uncertainty Doubt) FUD, or Fear Uncertainty Doubt, is a feeling of uncertainty and suspicion that results in no-calculated trading. Or careful consideration Most of the time, this symptom will not occur by itself. But it will be caused by being influenced by those around you, such as in social media.
HODL HODL is a derogatory term for hold, where investors buy and hold coins over the long term. It is believed that the future value of the coin will be more profitable than the short-term purchase and sale of coins. It is another profitable strategy for investors.
Moon Moon is a term for the condition in which the price of a coin rises. It is compared to a trip to the moon that is high and far from the Earth.
Whale Whale are big investors who have large amounts of money to invest or hold onto cryptocurrencies. By the ability to push or hold down the price of Coins in the market.
Pump and Dump Pump and Dump is a form of price manipulation behavior for large investors. Which is popular to do as a group of many people for the sake of profit In a short time With the release of news about a particular coin held by a large investor. That the coin tends to be higher in value Until it makes small investors interested in buying The big investor then immediately sold the coin at a price higher than the cost.
Airdrop Airdrop is a free distribution of cryptocurrencies. Most of them are emerging coins. In order to promote those coins To be known There are different steps and conditions for accepting each coin, such as registering to participate in activities and Will receive a medal as a reward Or holding a particular cryptocurrency until a specified time and will receive a coin in return.
Due Diligence (DD) Due Diligence (DD) is the audit and analysis of the status of a business. Most of the time, due diligence is focused on financial, legal, and corporate processes. Due diligence is aimed at increasing transparency. Trust And efficiency In business.
Hard Cap หรือ Hard Captital Hard Cap หรือ Hard Captital คือ ยอดเงินระดมทุนสูงสุดที่ทางบริษัทต้องการและตั้งเป้าหมายไว้
Soft Cap หรือ Soft Captital Soft Cap หรือ Soft Captital คือ ยอดเงินระดมทุนขั้นต่ำสุดที่ทางบริษัทจะสามารถนำไปใช้ดำเนินงานในโครงการที่ระดมทุนได้
Hype Hype is a word for coins or trending things. Is being discussed or gaining broad attention
Influencer Influencer is an influencer or a successful person in a particular field. If in the cryptocurrency industry These people will have The unique ability to spin the coins they hold. With a comment Persuade or decide to invest that coin Which will affect Many people's thoughts and decisions to invest in coins follow. It was the key person who caused FOMO and Hype.
MVP (Minimum Viable Product) MVP or Minimum Viable Product is a sample product or service. If it is an ICO MVP, it may be an application that has important functions. For those who are interested to try it out.
ROI (Return of Investment) ROI or Return of Investment is the rate of return on total assets. Or the margin on the principal In the cryptocurrency industry What is the number of popular figures rather than the percentage
Whitelist Whitelist is an application to qualify for an ICO investment prior to the start of fundraising
Difficulty Difficulty is the difficulty of mining cryptocurrencies. Which was created to prevent acquiring coins from being too difficult or too easy Most of the time, this difficulty increases with the amount of mining power. The higher the difficulty, the lower the chance of earning coins.
Double Spending Double Spending is the error of conducting cryptocurrency transactions. Resulting from spending the same amount of money At the same time Make it a duplicate transaction That is why the digital currency transactions A miner is required to verify transactions with 6 or more nodes for the transaction to be valid.
Genesis Block Genesis Block is the default block of the blockchain, whose code (Hash) of all previous blocks is 0.
