Glossary of Terms

Crypto anarchists are supporters of the idea that cryptography and the internet can protect private life from state control and ensure citizens' personal freedom.

A dev is a colloquial name for a developer, that is, a specialist who creates and maintains the code of cryptocurrencies, blockchain protocols, wallets, and related applications. The development of a project largely depends on devs.

A derivative is a derivative financial instrument whose value depends on the price of an underlying asset. In the crypto market, derivatives are used to hedge risks and to speculate on changes in coin prices.

Dividends are a part of profit distributed among the holders of an asset. In a broad sense, the ROI indicator reflects the return on investment and the yield on invested capital.

MACD is a technical indicator that assesses the strength and direction of a trend based on a combination of moving averages. It helps to find potential price reversal points.

The bottom is the lowest point of a price decline over a certain period of time, after which the price begins to rise or, at the very least, stops declining.

Proof of Stake is a consensus algorithm in which the right to create blocks depends on the number of coins locked by a participant rather than on computing power.

Proof of Work is a consensus algorithm in which the right to add a block and receive a reward depends on the amount of computational work done to find a hash.

Proof of Activity is a hybrid consensus algorithm that combines the Proof of Work and Proof of Stake mechanisms to increase the security and resilience of the network.

Proof-of-Burn is a consensus algorithm in which a participant irreversibly destroys a portion of coins in order to earn the right to create blocks and claim a reward in the network.