CRYPTO CURRENCY TERMS AND MEANINGS 4.

Exploring new crypto currency terms and their explanations today.

Long

A trading position opened by investors and traders who buy a cryptocurrency with the expectation to sell it at a higher market value in the future.

Mint

The process of creating a non-fungible token (NFT) via a transaction on the blockchain. When NFT collections launch, the team will typically charge a mint price (e.g. 0.08 ETH) as a way to raise capital. Sometimes, NFT collections will launch via a free mint. 

Mining

The process of verifying transactions and recording them on a blockchain. Mining is performed by so-called ‘miners’. In exchange for their efforts, miners are compensated in cryptocurrency. 

Metaverse

A concept of an immersive online universe that combines different virtual spaces. Examples of metaverses include Decentraland and The Sandbox. 

Metadata

Data that provides information about other data. In the context of NFTs, metadata describes an NFT’s properties. Examples of properties are names, IDs, descriptions, traits and links to images or multi-media. 

Meta

An investment trend in a given market. In the cryptocurrency market, examples of past metas include alternative layer-1 blockchains and metaverse-related tokens. The term is derived from ‘metagame’, a term used by gamers to describe an ever-evolving subset of a game’s basic strategy and rules which is required to play at a high level. 

Merkle Tree

A method of structuring data that can significantly reduce the amount of data that a trusted authority must maintain for verification purposes. Merkle trees are widely used in public blockchain networks. 

Mempool

Short for ‘memory pool’, a mempool is a collection of all pending cryptocurrency transactions that have yet to be processed on a network. Most blockchains have a mempool. One notable exception is Solana. 

Market Maker

Participant of the market who creates buy and sell orders. 

Market Cap

Calculated by multiplying circulating supply by market price, market cap(italisation) represents the total trading value of a given cryptocurrency. 

Margin Trading

A method of trading cryptocurrencies where traders use funds borrowed from third parties in order to leverage their positions. 

Mainnet

A blockchain protocol which is fully developed and deployed where transactions are being broadcasted, verified, and recorded.

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