Cryptocurrency Glossary Of Terms & Acronyms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

EIP (Ethereum Improvement Proposal)

Refers to improvement proposals for Ethereum, used to introduce features or any updates on the Ethereum network.

Emission

The speed/rate at which new coins are minted and released as dictated by the protocols written.

Encryption

In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.

Enterprise Ethereum Alliance (EEA)

Enterprise Ethereum Alliance is made up for a group of Ethereum developers, corporations as well as startups who are collaborating to find ways to use Ethereum for business applications.

ERC-1155

ERC-1155 token standard allows each token ID to represent both non-fungible (NFTs) and fungible tokens which may have their metadata, token supply and other attributes.

ERC-20

ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.

ERC-721

ERC-721 is one of the most widely used token standards in Ethereum to create non-fungible, exchangeable tokens.

Ethereum Name Service (ENS)

Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names.

Ethereum Virtual Machine (EVM)

Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.

Exchange Traded Fund (ETF)

An exchange-traded fund (ETF) is a form of security that tracks a collection of securites such as stocks, bonds, index or cryptocurrency but tradeable like a single stock.

Explain Like I'm Five (ELI5)

To explain in such simple terms that even a five-year-old would be able to understand it.

Externally Owned Accounts (EOA)

Externally owned accounts (EOAs) are accounts that are controlled by a private key and have no coding associated with them.