Cryptocurrency Terms and Definitions

SegWit is an update to the bitcoin protocol that moves signature data outside the main part of the block, increasing its efficiency and helping to address scalability issues.

"To sell" is a piece of trader slang derived from the English word sell, that is, to sell an asset on an exchange.

SEPA is a single euro payments area that simplifies cashless transfers between banks of member countries under common rules and standards.

A mixing service, or mixer, combines and shuffles many transactions in order to make it harder to trace the origin and the path of the coins.

Silk Road was an underground online marketplace shut down by the authorities, which accepted payment in bitcoins and had a notable impact on the early fame of cryptocurrency.

Coin burning is the deliberate and irreversible removal of part of the tokens from circulation. The mechanism reduces the supply of the asset and is often used to manage the issuance of a cryptocurrency.

The fear of missing out (FOMO) is an emotional fear of missing a profitable opportunity. In the crypto market it pushes people to buy assets on emotion, without analysis or a plan.

A scam is a fraudulent project or scheme that never intended to fulfill its obligations to participants. In the crypto market, the term refers to deceiving investors and siphoning off their funds.

A scamcoin is a cryptocurrency created not for the sake of technology but to enrich its organizers through manipulation or premining. Such coins carry an elevated risk for holders.

Scrypt is a hashing algorithm underlying a number of cryptocurrencies. It was created to be more memory-intensive and was originally designed to resist specialized hardware.