Confused by all the cryptography terms out there? Delve into our easy to understand glossary of terms. This week, the letter A.
Adam Back: Adam Back is a world-renowned British cryptographer, cypherpunk and crypto industry figure from the United Kingdom, now runs a company called Blockstream. Adam also famously created Hashcash (a proof of work system) back in 1997, it is now used in the Proof of Work algorithm in bitcoin mining.
Air Gap: If data cannot be accessed, then it cannot be infected or corrupted – this is the concept of an air gap.
Airdrop: An airdrop is a marketing gimmick that usually involves sending free coins to your wallet addresses in order to promote of a new crypto currency.
Algo-Trading (Algorithmic Trading): Algo-trading is an automated trading system where buy and sell orders are placed according to the rules of a computer program or algorithm.
Altcoins: Alternative cryptocurrencies to Bitcoin. Examples: Ethereum, Bitcoin Cash, Litecoin Dogecoin, etc. – also known as ‘Shitcoins’.
Amazon S3: Amazon Simple Storage Service (S3) is a scalable, high-speed, and inexpensive web-based cloud storage service to store and retrieve data anytime and anywhere.
AML: An acronym for Anti-Money Laundering.
AMLD5: The European Union’s 5th Anti-Money Laundering Directive (AMDL5) is an update to the union’s Anti-Money Laundering (AML) framework.
Apeing: Apeing is when a cryptocurrency trader buys a token shortly after the token project launch without conducting thorough research.
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.
Ashdraked: Being Ashdraked is a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ASIC machine: An application-specific integrated circuit (ASIC) is a type of circuit that has been designed for a single specific purpose. An ASIC miner is a hardware device with the sole purpose of mining digital currency. ASIC miners are often made to mine a specific digital currency.
ASIC resistant: This refers to blockchains that have been designed to give no benefits when using ASIC’s over consumer hardware. e.g. Ethereum (ETH) & Monero (XMR) are both desinged to be ASIC resistant.
Astroturfing:The practice of disguising marketing campaigns or otherwise sponsored messaging as the unprompted views of genuine community members.
ATH: An acronym for the ‘All Time High’ price of a cryptocurrency.
ATL: An acronym for the ‘All Time Low’ price of a cryptocurrency.
Atomic Swap: A way of letting people directly and cost-effectively exchange one type of cryptocurrency for another, at current rates, without needing to buy or sell.
Austrian School Of Economics: A set of economic philosophies originating in the late-19th and early-20th centuries in Vienna. Leaders from this school include Carl Menger, Ludwig von Mises and Friedrich Hayek. In contrast to classical economics, it argues that prices are determined by subjective factors.
Automated Market Maker (AMM):An automated market maker (AMM) is a system that provides liquidity to the exchange it operates in through automated trading
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