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

Salt (cryptography)

In cryptography, a salt is the additional random input that is added to password or passphrase to make the password hash unique. It prevents from the hashed output password to be cracked so easily by the hacker.

Satoshi

A unit measure for the smallest divisible unit of a bitcoin. 1 bitcoin is equal to 100 Million Satoshi.

Satoshi Nakamoto

The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.

Scrypt

one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions

Second-Layer Solutions

Secondary network or framework built atop an existing blockchain to address transaction speed and scalability issues.

Secure Asset Fund for Users (SAFU)

A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)

Securities and Exchange Commission (SEC)

U.S. Securities and Exchange Commission, an independant agency of the US Federal government which oversees federal securities laws, proposing securities rules, and regulating the securities industry.

Seed

A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.

Segregated Witness (SegWit)

A soft fork implementation to change the Bitcoin Protocol's transaction format to address Bitcoin's scalability issues whilst introducing new features.

Sell wall

Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.

SHA-256

Abbreviation of "Secure Hashing Algoritm - 256", SHA-256 is part of the SHA2 that allows one-way hashing of any data into a 64 character string.

Sharding

A form of database partitioning which breaks up data into smaller segments.

Shilling

One who poses as a enthsiastic customer to swindle others as a form of covert advestising.

Shitcoin

A coin with no obvious potential value or usage.

Side Chain

A separate blockchain ledger that runs parallel with the primary blockchain.

Sim Swapping

It is a tactic where hacker overtake the mobile phone to exploit the two-factor authentication and two-step verification.

Smart contracts

Self executing contracts on the blockchain without needing human executors or notary.

Soft Cap

Targeted fund raising limit of an ICO

Soft Fork

A backward-compatible update to a decentralized blockchain protocol.

Software Development Kit (SDK)

It is a collection of software development tools in one package installation. It is designed to help developing applications for a specific device or operating system (OS).

Solidity

Object oriented programming languaged used in various smart contract blockchains.

Solo Staker

A Qtum PoS miner using their own coins for staking. Qtum blockchain launched with Solo Stakers and will continue to have this available after offline staking launches.

Stablecoin

Cryptocurrency with a price peg to fiat currencies or commodity.

Staking

The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.

Stale Block

Double mined blocks that are not included in the blockchain.

State Channel

Secondary payment channel occuring off-chain

STO

Security Token Offering (STO) refers to a public offering for tokenized digital securities, or in short security tokens traded in cryptocurrency exchanges.

Stop-loss Order

Conditional market order to sell at the next available price, excuted if the price of an asset falls below set-upon limit

Super Staker

A Qtum Core wallet (full node) providing Proof of Stake for delegated addresses, and keeping a small part of each block reward as their fee for providing the staking services.