The most important terms in cryptospace.

An airdrop refers to the free distribution of tokens or coins to users, often as a marketing measure or to promote a blockchain. These tokens are distributed either to existing holders of a specific cryptocurrency or to participants who fulfill certain tasks (e.g. subscribing to newsletters, sharing social media). The aim is to generate awareness, strengthen the community and spread the token.

All digital currencies that are not Bitcoin. They were developed to offer new functions or improvements compared to Bitcoin.

Taking advantage of price differences in different markets by buying an asset cheaply and selling it at a higher price elsewhere.

The first and best-known cryptocurrency, which was developed in 2009 under the pseudonym Satoshi Nakamoto and is based on blockchain technology.

The reward that miners receive for adding a new block to the blockchain, usually in the form of the network's native cryptocurrency.

A decentralized digital register in which transactions are stored chronologically and unalterably to ensure security and transparency.

A phase in which prices on the financial markets fall over an extended period, accompanied by a pessimistic mood among investors.

FOMO - Fear of missing out. Refers to the fear of missing out on a profitable investment, which often leads to hasty purchases.

An ICO is a crowdfunding model in which new crypto projects sell their own tokens to raise capital for development.

Mining refers to the process of processing, securing and synchronizing transactions in a decentralized blockchain system. It is an essential component of cryptocurrencies such as Bitcoin and Ethereum, as it enables both the creation of new coins and the validation of transactions.

An NFT is a non-fungible token. A unique digital asset stored on a blockchain - often used for digital art, collectibles or other non-fungible goods.

A computer or device that is connected to a blockchain network and verifies and forwards transactions. It contributes to the decentralization and security of the network.

Transactions or processes that take place outside the blockchain - to improve scalability and reduce fees - are often secured by on-chain mechanisms.

A system in which changes to the blockchain or its protocol are decided directly by votes within the network.

The equality or exchange ratio between different currencies or assets - often used in relation to stablecoins.

A cryptocurrency that is pegged to a stable reference such as a fiat currency or commodities to minimize price fluctuations.

A digital wallet for storing and managing cryptocurrencies - can exist as a hot wallet (online) or cold wallet (offline).

A person or institution that owns large amounts of a cryptocurrency and can therefore influence the market.

A situation in which an asset is overvalued due to excessive buying and a correction seems likely.

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The opposite of overbought - a condition in which an asset appears undervalued due to high selling activity.