An audit is an official examination of an organisation’s accounts. The organisation’s records are examined and checked to ensure that they fairly and accurately reflect the transactions that have been made. This is normally carried out by an independent body. If it is done by employees themselves, it is called an internal audit.
A ‘Bearish’ market means that the complete (crypto) market trend is in a [ downward spiral.] While a 'Bullish' market means that the complete (crypto) market is in an [upward trend.]
Centralized exchanges, like CoinBase, Coincheck, Binance, KuCoin, Huobi to name a few allow you to buy crypto with with FIAT or other Cryptos (exchange).But a centralized exchange/entity holds the private keys. Your Crpto is still in their hands.
The total number of freely tradable coins of a cryptocurrency or token.
A new transaction on a blockchain must first get a confirmation before it has been definitively processed. This is done by one of the consensus mechanisms, such as proof-of-work and proof-of-stake. The more confirmations, the greater the chance that the transaction is valid and a double spend is no longer possible.
A correction is a price movement [ up or down ] after the price has risen or fallen. This is caused by traders that want to cash in their profits. This occurs with both long and short positions.
Decentralized exchanges/swaps (Pancakeswap, Uniswap, 1inch) rely on smart contracts. A decentralized exchange doesn’t have a centralized entity taking control of your assets or the order book.
Simply a CEX maintains custody of your assets, be it fiat or cyrpto currency, while a DEX it is in the users (your hands) and referred to non-custodial
REALIZED/UNREALIZED GAINS OR LOSSES
Gains or losses that are said to be "realized" are when a Crypto token/coin (or other investment) is actually sold. Unrealized gains or losses occur when a Crypto (or investment) increases or decreases but the buyer has yet to sell it.
[Exchange-Traded-Fund] or a listed fund on a stock exchange. This is a tradable product (security) that follows the price of an underlying asset. Examples are an equity index, a basket of certain securities, bonds and commodities. There are several applications for a Bitcoin ETF, but none of these have yet been approved by the secretary of the United States of America.
Fiat money relates to all currencies issued by governments. Examples are the Euro (EUR), American dollar (USD) and the Chinese Yuan (CNY).
"FUD - stands for "fear uncertainty or doubt", but has taken on a new meaning. While seeking reassurance, answering questions, and gaining confidence should not be taboo in a token or project , FUD has come to mean "Deliberately or accidently posting to cause panic or fear in other investors"
The most famous of all... [‘Hold On for Dear Life']. The volatility of coins and tokens sometimes can be a whole wave of emotions. Sometimes holding is more profitable then selling at a quick rise.
[Know Your Customer] Is often required when using crypto, it's usually a part of making a CEX account, which basically makes you as an entity responsible for actions on your account. It's often used for counteracting money laundering, and it enables you to withdraw fiat currency into your bank account. You need to be 18+ to do KYC.
Liquidity is a term often used in the crypto world, and it usually refers to the [free assets in a trading pair, which makes one asset tradable(or swappable) for another asset.] Let's say you make your own token on the eth network. at first it has no value, and cannot be traded on Uniswap. But then, if you provide let's say 1ETH and 10000 of your token to the liquidity pool, that makes it swappable and gives it an initial value of 1=1/10000eth. As people buy and sell, the liquidity pool fluctuates, causing the price to either go up or go down.
A Web3/browser extension wallet, which allows for easy usage of Dapps in supported browsers, and also allows for easy integrations into Dapps. It supports multiple chains, like BSC and ETH. A lot of people have been asking "Why doesn't Shibaswap support staking through binance?" It's because binance's wallet systems work differently, and therefore using them in Dapps is close to impossible.
[ Too The Moon ]- Is used to describe a rapid increase in the price of a cryptocurrency or token. It’s often used in chats like ‘eMax is mooning!’. It is also used to show the desire of a price increase by saying ‘When moon?’ or alternatively ‘When lambo?’
Private key in the crypto space can be defined as the combination of letters and numbers that corresponds to a specific public key. The private key can be used to gain access to the assets on that public key, also known as the wallet address. Once you share your private key with somebody, store it on your computer in plain text or type it in a website or app, you risk losing all your funds stored on its a corresponding public address.
A public key in the crypto space can be defined as a combination of letters and numbers and forms the address to which the cryptocurrencies or tokens can be sent to. Everybody who knows the public key of somebody can see the assets stored on that address. Only the owner of the corresponding private key can send those assets out.
Shilling is when someone is subjectively [promoting a coin or ICO]. This is sometimes just out of enthusiasm and sometimes just to convince as many buyers or investors as possible to join in to have as much profit as possible when the price goes up.
Slippage refers to the difference in price that occurs between the time an order is placed and when it is filled. Your slippage rate settings the difference -/+ in price that you allow the transaction to go through. Example- If you set your slippage to 10% and create a buy order for $100 of CMERGE @ .0000001 (100/.0000001 = 1,000,000,000). Prior to your order being executed, CMERGE jumps 10% and your order is then filled.You would obtain 10% less CMERGE than the estimate given when you went to purchase. Or CMERGE drops 10% then you would benefit. It is a gamble when you place an order because prices can fluctuate very quickly, so set what you are comfortable with and willing to purchase at.
A smart contract is a program [in most cases written in solidity] Which allows users to interact with it. Smart contracts are used in many applications, such as proxy wallets, staking pools, and swap routers. Once they are deployed onto the blockchain they CANNOT BE CHANGED.
Someone who holds a large position of a coin/token.