Enrich your dictionary with important cryptocurrency terms.
The pseudonym of the figure behind Bitcoin - the first and oldest cryptocurrency. The real identity of Satoshi Nakamoto remains elusive. There's also speculation as to whether it is an individual or a group of people. The smallest bitcoin unit is named after Satoshi Nakamoto.
An autonomous, automatic and smart contract between two or more parties entered into permanently on a blockchain. It's executed automatically when registered conditions are met.
A software wallet is an app for smartphones and computers that can work with cryptocurrencies.
This is a stable cryptocurrency with almost fixed value that is not subject to volatility. Stable coins are often pegged to standard currencies (such as the dollar or euro) or gold.
Cryptocurrency staking is one of the possibilities for achieving a passive cryptocurrency income. The term originated after a new consensus mechanism called Proof of Stake was established. As a term used nowadays, staking represents any locking of a certain number of tokens or coins. The user gains the right to validate the Proof of Stake consensus transactions or other benefits for them.