Two-Factor Authentication
Also known as 2FA, it is a security measure for safeguarding accounts. In addition to a username and password, 2FA requires users to provide an additional piece of information for login.
TPS
Stands for Transactions Per Second. It quantifies the speed at which a cryptocurrency can process user transactions.
Sidechain
A system that operates in tandem with an existing blockchain protocol, allowing transactions to take place off the main blockchain. Sidechains can be customized to offer features like faster transaction time and greater anonymity.
Short
The strategy of selling an asset before buying it, with the intent to rebuy the asset at a lower price, profiting from the asset’s decline in value.
Scam
A deceptive practice, often in the cryptocurrency sphere, it usually involves misleading investors in some manner.
Stale Block
A block worked on by a miner but not included in the blockchain because another miner completed another block first.
Shill
Often refers to a person who, while posing as an authentic user, is actually paid or otherwise incentivized to promote a specific product.
Satoshi Nakamoto
The pseudonymous individual or group credited with creating Bitcoin.
Self-Executing Contract
Also known as a Smart Contract, it’s a contract between two parties that self-enforces once its terms and conditions are satisfied.
Stablecoin
A type of cryptocurrency pegged to a stable asset, like a fiat currency, with the intention of minimizing price volatility.