Cryptocurrency Wiki - Australian Edition

Information as per the Australian Government & Official Cryptocurrency data.

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What Is 1Hr?

Stands for data for the past 1 hour.

What Is 24Hr?

Stands for data for the past 24 hours.

What Is 30D?

Stands for data for the past 30 days.

What Is a “51% Attack”?

A 51% attack refers to a malicious actor (or group acting in concert), controlling over 50% of the total mining power of the blockchain network and disrupting the integrity of the blockchain.

What Is 7D?

Stands for data for the past 7 days.

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What Is an API?

API stands for Application Programming Interface. It is a set of routines, protocols, and tools for building software applications. APIs specify how software components should interact, such as what data to use and what actions should be taken.

What Is an ASIC?

Application-specific integrated circuits (ASICs) can be thought of as “crypto mining machines.” Not to be Confused with Australian Securities and Investments Commission

What Is a Crypto “Address”?

A crypto address is a string of characters that represents a wallet that can send and receive cryptocurrency. It is akin to a real-life address, email or website. Every address is unique and denotes the location of a wallet on the blockchain.

What Is a Cryptocurrency Airdrop?

A marketing campaign that distributes a specific cryptocurrency or token to an audience.

What Is an “Algorithm”?

A process or set of rules to be followed in problem-solving or calculation operations, usually by a computer, although humans tend to follow steps algorithmically as well (let’s say doing math or following a recipe).

What Is an “All-Time High”?

The highest point (in price, in market capitalization) that a cryptocurrency has been in history. *see All-Time-Low (ATL).

What Is an All-Time-Low?

The lowest point (in price, in market capitalization) that a cryptocurrency has been in history. *see All-Time-High (ATH).

What Is an “Altcoin”?

As Bitcoin is the first cryptocurrency that captured the world’s imagination, all other coins were subsequently termed “altcoins,” as in “alternative coins.”

What Is Anarcho-Capitalism?

A political philosophy originally conceived by American economist Murray Rothbard that has now been embraced by many members of the crypto community.

What is Anti-Fragile?

A quality attached to an asset that means it performs better when exposed to volatility and shocks.

What Is “Anti-Money Laundering”?

A set of international laws enacted to curtail criminal organizations or individuals laundering money through cryptocurrencies into real-world cash.

What Is Arbitrage?

Arbitrage is the practice of quickly buying and selling the same asset in different markets to take advantage of price differences between the markets.

What Is Ashdraking?

The complete loss of a trader’s total invested capital, specifically as a result of shorting Bitcoin.

What Is an Ask Price?

The minimum price that a seller is willing to accept for an asset. The ask price is also sometimes referred to as the offer price.

What Is Astroturfing?

The practice of disguising marketing campaigns or otherwise sponsored messaging as the unprompted views of genuine community members.

What Is an Atomic Swap?

The transfer of cryptocurrency from one party to another, without the use of an exchange or other intermediary.

What Is an Attestation Ledger?

An attestation ledger is an account book designed to provide evidence of individual transactions. It is generally used to “attest” that a financial transaction took place, or to prove authenticity of transactions or products.

What Is an Automated Market Maker?

An automated market maker (AMM) is a system that provides liquidity to the exchange it operates in through automated trading.

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What Is a Bag?

Crypto slang for a large quantity of a specific cryptocurrency. Alternatively (but less frequently) used to refer to the contents of an individual’s crypto portfolio.

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What is ELI5?

Short for “explain like I’m five” — a plea for simplicity when crypto concepts are being explained.

What is ERC-20?

Tokens designed and used solely on the Ethereum platform.

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What Is a QR Code?

A machine-readable label that shows information encoded into a graphical black-and-white pattern. For cryptocurrencies, it is often used to easily share wallet addresses with others.

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What Is the Taint?

The percentage of cryptocurrency in an account that can be traced to another account.

What Is a Tangle?

The Tangle is a blockchain alternative developed by IOTA, using directed acyclic graphs which only builds in one single direction and in a way that it never repeats, and is quantum-computing resistant.

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