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The Crypto Dictionary
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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Sales (7D)
Sales (7D) is an indicator showing the number of NFT sales over a seven-day period.
Satoshi Nakamoto
Satoshi Nakamoto is the pseudonym for the to-date unknown individual or group accredited with the creation of Bitcoin.
Security Token
Security tokens are digital forms of traditional securities and represent ownership of the underlying project, company, or asset.
Satoshis/Sats
Satoshis, known as ‘sats’, are the smallest unit available in bitcoin.
Seed Phrase
A seed phrase is a series of 12 to 24 words used to access the digital assets in a cryptocurrency wallet.
SHA-256
Short for ‘Secure Hash Algorithm 256-bit’, SHA-256 is a cryptographic hash function used to generate unique identifiers (hashes) for blocks in the blockchain, ensuring data integrity and consistency.
Sharding
Sharding is a scaling method in which a large database is separated into smaller and more easily managed parts in order to increase the transaction load capacity and improve a network’s efficiency.
Shill
Shill, or shilling, is the act of promoting a cryptocurrency project.
Short Selling
Short selling is a form of advanced trading of assets, where a ‘short’ position is opened on an asset when the trader anticipates a drop in its price; a short sell is only profitable if the asset’s price decreases.
Sidechain
A sidechain is a separate blockchain that runs in parallel, and acts as an extension, to the main blockchain.
Slippage
Slippage occurs when a trader locks in a price for a trade but ultimately receives a different price from the original request due to price movement.
Smart Contract
Smart contracts are self-executing, where the contents of the agreement between the buyer and seller are embedded into lines of code.
Software Wallet
A software wallet is a computer programme or mobile application that allows users to store cryptocurrency keys and make transactions.
Solidity
Solidity is the programming language used to develop smart contracts on blockchain networks.
Sound Wallet
A sound wallet in cryptocurrency is a novel way of storing private keys using sound or audio.
Stablecoin
Stablecoins are cryptocurrencies designed to have a relatively stable price, which is typically achieved through pegging to an external asset, such as a commodity or fiat currency.
Staking
Staking is the process of providing funds to a blockchain network in return for interest.
State Channels
State channels are peer-to-peer protocols in which users can interact off the blockchain, where two parties exchange transactions with each other before ultimately posting to the blockchain.
Stop-Limit Order
A stop-limit order in the context of cryptocurrency trading is a two-step order that combines elements of a stop order and a limit order.
Stop-Loss Order
A stop-loss order is an order that gets placed with a broker, which tells them to buy or sell a stock via a market order once it reaches a specific price.
Symmetrical Triangle
A symmetrical triangle is a chart pattern that can indicate a period of price consolidation before both a breakout or breakdown, making it a neutral trading signal.
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