Crypto glossary

B

BEARISH TREND

A bear market or bear trend follows from the term BEARISH, which is associated with a pessimistic mood in the markets. In this bearish trend, the value of cryptocurrency or the whole market is expected to decline.

BENCHMARK INDEXES

This refers to the first-class hedging of the index used as a benchmark against which the performance of the wider market is monitored.

BITCOIN (BTC)

Bitcoin is the first, oldest and most famous cryptocurrency. It was created in 2009 by someone known under the pseudonym Satoshi Nakamoto. The identity of the creator or creators remains unknown.

BITCOIN CASH (BCH)

The term Bitcoin CASH defines a cryptocurrency other than Bitcoin. The Bitcoin currency was separated by forks on 1 August 2017, i.e. one database of transactions was divided into two branches.

BLOCK (BLOK)

Under the term 'block', we can imagine a package of data stored in a blockchain network. This data is permanently stored and defined in the blockchain and cannot be edited or changed in the future.

BLOCK EXPLORER

The BLOCK EXPLORER tool searches for online transactions made on the blockchain.

BLOCK REWARD

This is a reward for people who mine cryptocurrencies and keep the network running with the aim to complete one block. Such people are also called 'miners'.

BLOCKCHAIN

Blockchain is a decentralized database that contains all transactions of a specific cryptocurrency.

BOUNTY PROGRAM

This rewards program comprises fulfilling simple tasks given by a blockchain or project.

BTFD (buy the fucking dip)

An enthusiastic rallying call for cryptocurrency fans to buy while prices are low.

BULLISH TREND

A bull market, or even bullish trend, is an optimistic mood in markets compared to the bear market.

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