Glossary
Bag Holder
Someone who has bought at a recent high and is left holding onto their asset, waiting to sell at the next point it breaks even.
Bearish
A descriptive term borrowed from stock markets to describe a negative market outlook.
Binance Chain Evolution Proposal 2 (BEP-2)
“Binance Chain Evolution Proposal 2”
is a set of technical rules and specifications to create a new token on the Binance Chain.
Blockchain Binance Charity Foundations (BCF)
“Binance Blockchain Charity Foundation” (BCF) is the world’s first decentralized charity platform. It was established to advocate the concept of blockchain for social good.
Binance Ecosystem Fund (BEF)
“Binance Ecosystem Fund” is an initiative founded by Binance to establish collaborations within the blockchain and cryptocurrency ecosystem.
(BEP-20)
It is a token standard to use when transferring crypto assets from other chains to the Binance Smart Chain.
It is an extension of ERC-20, the most common Ethereum token standard. Due to this similarity, BEP-20 is compatible with ERC-20 and BEP-2.
BEP-721
The technical standard to create non-fungible tokens (NFTs) on the Binance Smart Chain.
It is an extension of Ethereum ERC-721, the most commonly used NFT standard.
BEP-95 Binance Evolution Proposal
A Binance Evolution Proposals that introduces a real-time burning mechanism to Binance Smart Chain.
Beta
When used to indicate software status, it refers to an early test version of a program. Beta versions are released for users to test and for the team to get feedback.
When used as an indication of market volatility, it measures the asset’s volatility in comparison to that of the market. If beta is less than one, the asset is less volatile than the market. If it is greater than one, the asset is more volatile than the market.
Bid Price (BP)
The highest price a buyer is willing to pay for an asset.
Bid-Ask Spread (B-AS)
It is the difference between the highest bid price and the lowest ask price of an asset.
Black Swan Event (BSE)
This term is used to refer to the most unexpected event that has the maximum possibility to occur in the market.
Block (BLOC)
Blocks are linearly arranged data structures that permanently record the transaction data on a blockchain.
Block Explorer (BLOC-XPLR)
Similar to the File Explorer of a computer’s operating system. It allows users to browse blockchain data such as addresses, transactions, blocks tokens and Name Servers.
Block Header (BLOC-HDR)
The section exists in each block that contains the information hashed when the block is mined. It is used to identify the block.
Block Height (BLOC-HT)
The number of blocks in the chain between the current block being minted and the genesis block.
Block Reward (BLOC-RWD)
A mechanism that awards miners with newly minted bitcoin, acting as an incentive for users to add hashing power to the network.
Block Time (BLOC-TM)
The average time it takes for the network to find a solution to the block hash.
BLOCKCHAIN
A system of recording information in chronological order on a decentralized distributed ledger.
Boiling Bands (BB-SMA20)
A technical analysis indicator measuring SMA20 and an upper and lower line.
BUIDL
Usage of the word “build” in the same fashion as “HODL”, refers to keeping your heads down and focusing on building a project.
Bull Market
Refers to having a positive trend in the prices of a market.
Bullish
A descriptive term borrowed from stock markets to describe a positive market outlook.
Burned
A process where Cryptocurrencies remove stored tokens from the circulating supply.
Buy Wall
Refers to a single huge buy order, or a composition of multiple large buy orders created at the same price.
Byzantine Fault Tolerance (BFT)
A consensus mechanism that offers secure validation across a distributed set of data, stemming from information propagation theory labelled as the Byzantine Generals problem.