Genesis Block (The First Block)
It is the first block in the blockchain, and is considered the beginning of the network. For example, the first block in the Bitcoin network was created in 2009.
#Crypto_Term
Slippage (Price Slippage)
It is the difference between the expected price of executing a trade and the actual execution price, which often occurs during market volatility or low liquidity.
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ATH (All-Time High)
It means that the currency has reached its highest value in its history. Example: BTC reached an ATH of $109,000.
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Cold Wallet (Cold Wallet)
It is a type of wallet that is not connected to the internet, such as a USB or a printed paper, and is used to store cryptocurrencies securely away from hacks.
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Halving (Halving)
It is a process that occurs in networks like Bitcoin, where the mining reward is halved at a specific time interval, reducing the new supply and increasing scarcity.
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Whale (Whale)
A term used for individuals or wallets that hold large amounts of cryptocurrencies, capable of influencing the market when buying or selling.
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Gas Fee (Gas Fee)
These are the fees you pay for executing operations or transactions on the blockchain network, especially in Ethereum. The busier it gets, the higher the fees.