Glossary
Eclipse Attack
"Eclipse Attack" occurs when the majority of nodes are malicious and collectively prevent specific nodes from receiving information from the honest nodes.
Explain It Like I'm 5 (ELI5)
"Explain it Like I’m 5"is a borrowed abbreviation form reddit used ask for a concise, beginner level explanation.
ENS
Similar to a DNS within internet infrastructure, it allows user to obtain a “custom domain” .eth address, instead of using regular hexadecimal hash.
Enterprise Ethereum Alliance
“Enterprise Ethereum Alliance” also known as EEA is a member-led organization that aims at driving the use of the Ethereum blockchain as an open standard to empower enterprises.
Encryption
A technique to secure data into a code to prevent unauthorized access.
ERC-721
An Ethereum-based non-fungible token.
ERC20
A protocol that outlines the specific functions and events that allow blockchains to interact with other via the Ethereum Blockchain. ERC20 tokens are currently the de facto token of choice for most ICO’s.
ESCROW
A service that provides transaction security by acting as an impartial trusted third party, holding onto an asset until the terms of a contract have been fulfilled.
Ethereum
An open source blockchain that acts as a distributed computing platform and operating system, allowing decentralized applications and smart contracts be executed.
Ethereum Virtual Machine (EVM)
"Ethereum Virtual Machine" is an Ethereum runtime environment for smart contracts, Isolated from the rest of the networks, allowing new software to be tested in isolation whilst communicating with other contracts.
Exchange
"Exchange" is a centralized or decentralized market used to buy or sell coins.
Fakeout
"Fake Out" is a term used in technical analysis to refer to a situation in which the investor enters into a position in anticipation of a future transaction, but the expected position never occurs.
Faucet
"Faucet is an site or application that will reward it’s users with a cryptocurrency for completing specified tasks and assignments.
Fiat
"Fiat" is a Currency that has no direct material backing, usually in reference to debt based markets such as USD.
Flappening
A scenario in which Litecoin (LTC) overtakes Bitcoin Cash (BCH) in terms of market capitalization.
Flappening
A scenario in which Litecoin (LTC) overtakes Bitcoin Cash (BCH) in terms of market capitalization.
FOK
“Fill or Kill Order” Refers to a buy or sell order which will be canceled unless it is executed immediately and completely.
Fear of Missing Out (FOMO)
"Fear of Missing Out" on trades or Investment that is derived from an emotional reaction of wanting to take part in a popular trend.
Forex (FX)
"Forex" is a global market for trading fiat currencies which is also known as “Foreign Exchange Markets”
Formal Verification
Checking the correctness of a system using cryptographic algorithms and mechanisms.
FUD
Fear, Uncertainty and Doubt that affects markets, usually in a negative fashion.
FUDster
Someone who uses an elevated media platform or social network to perpetuate Fear Uncertainty and Doubt through the investing community in order to effect prices.
Full Node
"Full Node is a computer that validates blocks and transactions by implementing all the rules of the chain. Unlike nodes, which download only key data and act as a redistribution point.
Fundamental Analysis
"Fundamental Analysis" is trying to determine the real value of an asset using all publicly available information.
Futures Contract
"Futures Contract" is an agreement that can be traded on exchanges that stipulates a buy or sell price of an asset at a specific price and time.
Gas
A measurement given to functions on the Ethereum blockchain to denote how computationally expensive they will be, this is offered to the miners who complete the process as a reward.
Gas Price
The maximum a user is willing to reward a miner in order to have their transaction processed, higher prices ensure faster transaction times.
General Public License
A type of license that allows users to copy and modify software.
Genesis Block
The first block of a blockchain, almost always hardcoded into the software clients — the only block in the chain that has no reference to a previous block.
GitHub
A website where teams can share their open-source codes.
GM
An abbreviation for good morning, which in crypto is a friendly and quick way of wishing your followers or community a joyous and wonderful day.
Golden Cross
A golden cross occurs when a short-term moving average crosses above a long-term moving average signaling a potential bullish breakout.
Gossip Protocol
"Gossip Protocol" is a procedure for peer-to-peer communication where nodes share the “gossip” of a transaction to their connected nodes.
Graphics Processing Unit
"Graphics Processing Unit" is a specialized electronic circuit that utilizes a highly parallelized structure and high speed memory to rapidly process rendering and manipulating graphical images, heavily employed in the gaming industry and scientific research for processing large datasets.
Gwei
"Gwei" is the denomination in which gas prices are paid for on the Ethereum blockchain.