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The Crypto Dictionary

The world of cryptocurrency with The Crypto Dictionary: your go-to guide for clear, concise definitions of crypto terms and concepts.

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Layer-0

Layer-0 is a foundational blockchain layer.
Layer-1

Layer-1 is a base-layer blockchain.
Layer-2

Layer-2 is a scaling solution for Layer-1 blockchains.
Ledger

A ledger tracks identities, balances, and transactions in a network.
Left-Translated Cycle

A left-translated cycle shows an early increase in asset value followed by a significant drop.
LFG

LFG is crypto slang for 'Let's f—ing go!', expressing excitement.
Liquidation Call

A liquidation call closes a trader's position when margin falls below required levels.
Lightning Network

The Lightning Network is a Layer-2 protocol on the Bitcoin blockchain.
Liquidity

Liquidity is the ease of buying or selling cryptocurrency without affecting its price.
Liquidity Pool

A liquidity pool facilitates transactions on a decentralised exchange.
Liquidity Provider (LP)

An LP commits cryptocurrency to a liquidity pool.
Long

Long' is a trading strategy where an asset is bought expecting its value to rise.
Loss Aversion

Loss aversion is a bias where traders feel losses more than gains of the same amount.