Crypto Terms For Beginners

By Krasimir Hristov

Navigating the crypto space can be daunting, with each individual speaking an unfamiliar language. This guide aims to make sense of some key terms associated with cryptocurrency and blockchain technology.

Bitcoin-based cryptocurrency which does not rely on government or bank backing. It has high volatility and limited supply.

Dead Coin

Dead Coin in cryptocurrency parlance refers to any digital token that has stopped trading due to various reasons – be they investor disinterest or abandonment by its developers; some scam coins were specifically designed to defraud investors – including being abandoned from development altogether. Dead coins may resurrect; it’s essential that all investors consider risks prior to investing.

Malware that allows unapproved access to computers, networks or servers by outsiders; often used to gain unauthorized entry and steal sensitive information or disrupt regular operations. Also referred to as rootkits.

Changpeng Zhao is the founder and CEO of Binance, the world’s largest crypto exchange. As one of its key figures, he is widely seen as an influencer within the industry – his pledge to donate $2b USD is being seen by some as symbolic.

Cardano is a decentralized blockchain platform featuring proof-of-stake (PoS), smart contract capabilities, and its native cryptocurrency ADA. Based on the dPoS protocol – an improved variant of PoS intended to increase security and stability – Cardano boasts features like proof-of-stake consensus and smart contract capabilities as well as its native cryptocurrency ADA.

Gem cryptocurrency refers to an undervalued, relatively unknown cryptocurrency with the potential to become profitable or grossly undervalued. A gem could be revived if its development team exhibits renewed enthusiasm, drawing in new investors. Before investing, investors should investigate tokenomics such as distribution and utility; any unrealistic promises should serve as a warning sign.


Soft caps refer to the minimum amount of funds that a project team is expected to raise through an initial coin offering (ICO or IEO). They can be either notional or subjectively defined; in comparison with hard caps which represent the maximum amount that should be raised. If a project cannot reach their soft cap goal, funds may be returned back to investors or the ICO may be cancelled altogether.

Soft caps can create confidence among potential contributors while helping ensure that a new cryptocurrency project receives enough funding to launch successfully. Soft caps typically represent a percentage of total market capitalization; however, these numbers alone should not guarantee success – it’s essential that teams consider other factors when setting their soft caps.

Teams looking to establish an appropriate soft cap must consider various factors when setting their soft cap:

– Development: This cost entails building a functioning prototype from start to finish, including coding, design, and testing. Marketing costs related to increasing awareness and attracting investors are included here as well as any legal costs for regulatory compliance or documentation that might arise during this process.

Teams should also take into account the overall crypto market conditions when setting their soft cap target, with bullish trends possibly necessitating a lower target, while bearish conditions might necessitate setting higher ones. Finally, teams should leave room in their soft cap calculations to cover unexpected challenges like delays in development or unexpected expenses that arise during an ICO journey – understanding its effect can help investors make informed investment decisions and set a reasonable soft cap that meets essential costs without deterring potential investors. The soft cap serves as an essential checkpoint during an ICO journey and understanding how it impacts its trajectory can help investors make smart decisions regarding investments made wisely when considering its effects will help investors make smart decisions regarding investment decisions when setting realistic soft caps without deterring investors making smart investment decisions when setting your soft cap goals!


Cryptocurrency mining is a process which rewards individuals for verifying transactions on blockchain networks, known as mining networks. Mining rewards individuals by creating new coins for use within these networks; known as mining fees. Mining is an essential aspect of cryptocurrency operations. Mining can take place using either computer processing power or special hardware devices.

Honeyminer platform provided users with an opportunity to generate passive income by mining cryptocurrencies on multiple devices and operating it with minimal difficulty, simplifying mining for beginners while accounting for hardware capabilities and electricity costs. Unfortunately, however, it was not open source or transparent with regards to transparency for its users.

Honeyminer worked by analyzing a user’s computer processing power to select which cryptocurrencies to mine. Once determined, Honeyminer utilized idle processing power in their computer’s idle state to mine that cryptocurrency – once enough was earned it was automatically converted to Bitcoin and sent directly into their wallets – so users could still run other applications while earning. This made earning effortless!

Honeyminer’s success lies in its ease-of-use. Users could become involved with cryptocurrency mining without incurring large capital investments or technical expertise; its user-friendly software made it accessible to a wider range of users; with low payment thresholds and high revenue potential drawing users in. Plus, users could mine various coins such as Ethereum and Monero without costly equipment and technical know-how being necessary – unlike traditional mining which often requires expensive equipment and technical knowledge that doesn’t appeal to most average people.

Attack Surface

Attack surface refers to all of the points where an attacker could gain entry and exploit them to enter, extract data or control critical software within a network environment. Minimizing this attack surface should be one of the primary objectives of information security; to do this successfully it’s vitally important that we understand where bad actors might attempt to gain entry and where we might encounter potential vulnerabilities in order to ensure its best protection.

Equifax breach of 2017 began with an unpatched vulnerability on a public-facing web server that was then exploited through various attack vectors to steal sensitive and personal data, taking advantage of Equifax’s failure to implement effective asset segregation or password policies.

Similar to its definition for physical assets, an attack surface for cryptocurrency refers to all the points hackers could exploit to steal money or access private keys of crypto holders. This includes anything from phishing scams and brute force attacks against the blockchain itself to any potential weaknesses or vulnerabilities in its code, hardware or security measures.

The Attack Surface provides a useful framework for considering cybersecurity as it represents all the ways unauthorized individuals could gain entry to an organization’s digital systems and networks. Physical devices connected to it could also fall under this definition; as the world becomes ever more digital it may be easy to underestimate just how fast this surface grows; especially since many digital assets no longer require traditional networking or hardware devices for access.

Attestation Ledger

An Attestation Ledger (AL) is an account book used as proof of certain transactions. Using blockchain-based distributed networks, an AL acts as a concrete record of commitments, agreements, deals or statements made between two or more parties. Attestation ledgers can be presented as receipts, invoices or bank statements as evidence.

Attestation ledgers are used across numerous industries, from finance and healthcare to business and government that need to keep track of high-value assets. Attestation ledgers provide secure, transparent, and efficient asset tracking that save time and money.

Attestation tokens differ from NFTs by not being transferable, making them harder for counterfeiters or falsifiers to manipulate or counterfeit. Furthermore, their real world value provides greater reliability as they can be used to verify whether items have been sold or purchased – making them the ideal solution for both e-commerce and gaming sites.

An integral element of an attestation ledger is its verification process. This involves an elaborate chain of verification involving device certificates, issuer certificates and owner certificates; this ensures data signed by Ledger Nano is legitimate; for example if an attacker were to install counterfeit firmware onto one, this would fail the test as its contents wouldn’t have been signed off with its correct private key.

Attestation ledgers are an integral component of the blockchain ecosystem and can be used to validate cryptocurrency transactions or data exchange. Tamper-proof and decentralized, they’re an indispensable asset for businesses and governments that need to keep track of high-value assets like precious metals or precious stones. Furthermore, they serve to verify blockchain integrity – which makes them particularly effective against double-spend attacks.