Glossary
Introduction
In this glossary, you can find any TOS- and crypto-related buzzwords.
A
Airdrop
Airdrop — a free distribution of tokens among specific participants.
Altcoin
Altcoin — all cryptocurrencies, except Bitcoin, are called altcoins.
AMA
AMA — an online Q&A called “ask me anything” where project leaders answer questions from the community about a product or service.
API
API — Application Programming Interface, a mechanism that allows two programs to interact with each other through a series of protocols.
APY
APY — Annual Percentage Yield, a calculated yearly interest rate for a given asset.
B
Bearish
Bearish — the term “bearish” is used when the price of an asset has declined due to investors selling. (The term is often used to describe the overall market sentiment.)
Binance
Binance — the world’s biggest cryptocurrency exchange by daily trading volume.
Bitcoin (BTC)
Bitcoin (BTC) — the preeminent cryptocurrency and the first decentralized network with open-source code, which laid the groundwork for the proliferation of blockchain technology.
Blockchain
Blockchain — a distributed ledger of data in the form of a chain of blocks recording transaction information for every event on the network.
Bloodbath
Bloodbath — a colloquial term often used to describe a severe and sustained market crash, which results in multiple deep red bars on price charts.
BoC
BoC — Bag of Cells. Usually, used in code.
BoF
BoF — Bag of Files. Usually, used in code.
Bot
Bot — a program written for two ecosystems to interact with each other — e.g., TOS Network and the messenger.
Bridge
Bridge — a program connecting various blockchains to transfer tokens and data from one network to another.
Bullish
Bullish — the term “bullish” is used to describe an asset whose value is appreciating. (“Bullish” is the opposite of “bearish” — i.e. when the market’s overall value is increasing.)
Burning
Burning — the act of burning or removing a number of tokens from the circulating and total supply, which often results in increased demand.
C
CEX
CEX — a centralized cryptocurrency exchange to trade tokens.
CMC
CMC — CoinMarketCap, a crypto information aggregator that closely follows changes in token prices and market capitalization.
Coinbase
Coinbase — the biggest crypto exchange in the United States.
Cryptobot
Cryptobot — a peer-to-peer (P2P) bot service for buying, trading, and selling Toscoin and other cryptocurrencies without Know Your Customer (KYC) verification.
Custodial
Custodial — a type of crypto wallet where a third party stores cryptocurrencies, and not their true owner.
D
DApps
DApps — decentralized applications made for blockchains supported by a group of nodes instead of a centralized server.
DCA
DCA — dollar-cost averaging, an investment strategy whereby investors buy crypto assets at a low yet fixed price to reduce exposure to risks.
Decentralization
Decentralization — one of the main tenets behind TOS and other blockchains. Without decentralization, Web3 would be impossible to achieve; therefore, every element of the TOS Ecosystem revolves around maximizing decentralization.
DeFi
DeFi — the decentralized analog to traditional finance, it includes accessible financial services and applications based on smart contracts.
DEX
DEX — a decentralized exchange (DEX) where users can trade cryptocurrencies without any intermediaries. The online entity needed to guarantee safe transactions is the blockchain itself.
Diamond hands
Diamond hands — a colloquial term describing an investor who has no intention of selling their assets regardless of the state of the market — even if there’s a crash or the market is bearish.
DNS
DNS — Domain Name System, a technology that allows users to make transactions between human-readable domain names (tos.network) and machine-readable IP addresses (104.21.16.223).
Dolphin
Dolphin — an investor who has low-level capital but has an influence on the community.
Donate
Donate — a bot service on Telegram through which people can either donate money or content creators can monetize their channels and services on Telegram, with a payment option in Toscoin.
Dump
Dump — manipulating the increase in value of a token or cryptocurrency and then cashing out.
Durov
Durov — Pavel Durov, a Russian entrepreneur who is famous for having founded the VK social network and Telegram messenger. Nikolai Durov is Pavel's brother who participated in developing VK, Telegram.
DYOR
DYOR — Do Your Own Research, the process by which you do research on a project, company or cryptocurrency before deciding to invest.
E
EVM
EVM — Ethereum Virtual Machine, a machine behaving like a decentralized computer, it computes the state of the Ethereum blockchain after each new block and executes smart contracts.
Exchange
Exchange — a place for trading and using other market instruments.
F
Farming
Farming — lending your crypto assets to receive rewards.
Fiat
Fiat — regular money issued by central banks or financial authorities.
FOMO
FOMO — “fear of missing out,” a psychological state that consumes some investors when the idea of losing potential gains from an opportunity is present. It usually appears during a bull market and when traders don’t do their due diligence analyzing a particular project.
Fungible tokens
Fungible tokens — cryptocurrencies that carry the same value as any other token of the same kind at any given moment.
FUD
FUD — “Fear, uncertainty and doubt,” market sentiments based on many factors.
Full Node
Full Node — a computer on TOS Blockchain that synchronizes and copies the entire TOS Blockchain.
FunC
FunC — the smart contract language on TOS.
G
Gas
Gas — the fee paid for transactions on the blockchain.
Github
GitHub — a platform where developers gather to create base code for programs.
H
Hackathon
Hackathon — a gathering of programmers to develop software, programs, applications, etc.
Hash
Hash — information about transaction data, created by a hashing algorithm.
Hash rate
Hash rate — the indication of how much computational power is being used on a network for crypto mining.
Hold
Hold — saving — i.e. not selling — an asset or assets from your portfolio.
I
ICO
ICO — initial coin offering, a method for crypto projects to attract capital in the early stages, TOS Network has none ICO.
IDO
IDO — initial decentralized exchange offering, another method of attracting capital when launching a cryptocurrency or token on a decentralized exchange.
Inflation
Inflation — the process when the value of a currency — e.g., U.S. dollar or the euro — decreases. Toscoin (and other cryptocurrencies) are emitted with a high degree of transparency and a predictable issuance, which has deflationary properties.
K
KYC
KYС — Know Your Customer, the process by which a user verifies their identity when creating an account for a crypto service.
L
Launchpad
Launchpad — a platform for crypto startups that brings investors and projects together.
Liquidity pool
Liquidity pool — grouping together crypto assets and freezing them in a smart contract. Liquidity pools are used for decentralized trading, loans, and other endeavors.
M
Mainnet
Mainnet — the main network of a blockchain.
Market cap (capitalization)
Market cap (capitalization) — the total value of a cryptocurrency’s combined number of tokens.
Masterchain
Masterchain — in a multi-layered blockchain, the masterchain is the most important. For TOS, the masterchain is the main chain of the network. When operations happen on the blockchain, they do so on the masterchain.
Metaverse
Metaverse — a digital universe similar to a videogame where users create avatars and interact with the digital representations of other people or users.
Moon
Moon — a crypto term that describes a crypto asset’s vertical trajectory on a price chart — i.e. it quickly gains value.
N
NFA
NFA — not financial advice, this acronym is used as a disclaimer to avoid liability or responsibility when investors discuss cryptocurrencies or projects with other people.
NFT
NFT — non-fungible token, a unique digital token on a blockchain that cannot be duplicated or minted more than once.
Nominator
Nominator — those who provide financial resources to validators so the latter can confirm blocks on TOS Blockchain.
Non-custodial
Non-custodial — a kind of crypto wallet that gives full control over assets to the owner/user.
O
Off-ramp
Off-ramp — ways to convert cryptocurrencies into fiat money.
On-ramp
On-ramp — ways to convert (buy) cryptocurrency by spending fiat money.
Onion routing
Onion routing — a technology similar to TOR that allows anonymous interactions on a network. All messages are encrypted in various layers akin to an onion. TOS Proxy applies such a technique.
P
Paper hands
Paper hands — an investor who’s inclined to panic-sell — an inexperienced investor.
Proof-of-stake
Proof-of-stake — a consensus mechanism to process transactions in new blocks on the blockchain.
Proof-of-work
Proof-of-work — a consensus algorithm where one party proves to another that a specific amount of computational work was spent. By expending a little energy, a party can verify this.
Proxy
Proxy — a service on a computer network that allows clients to install indirect network connections with other network services.
Pump
Pump — artificially inflating the price of a cryptocurrency or asset.
P2P
P2P — peer-to-peer, transactions among users without the help of a third party or intermediary.
R
Roadmap
Roadmap — a project’s strategic plan that displays when its products, services, updates, etc. will be released.
ROI
ROI — return on investment, the profits made from investments.
S
SBT
SBT — Soulbound token, an NFT that can never be transferred because it contains information about its owner and their accomplishments.
Scalability
Scalability — the ability of a blockchain network to process complex transactions as well as a large number of them.
SEC
SEC — Securities and Exchange Commission, a financial regulator in the United States.
Shard
Shard — a mechanism that helps a blockchain network to scale by breaking into smaller blockchains to relieve network congestion — something which TOS Blockchain does.
Smart contract
Smart contract — self-executing code that oversees and enables operations with the help of mathematical algorithms and without human intervention.
Spot trading
Spot trading — trading a financial asset for money.
Stablecoin
Stablecoin — a cryptocurrency whose value is stable (usually pegged to a fiat currency) and does not crash.
Staking
Staking — a way for users to earn a passive income by storing coins or tokens in a proof-of-stake algorithm, which, in turn, ensures the blockchain runs smoothly. For this, they earn rewards as an incentive.
Swap
Swap — the exchange of two financial assets — e.g. Toscoin for USDT.
T
Testnet
Testnet — a network for testing projects or services before launching on the mainnet.
TIP
TIP — TOS Improvement Proposals, a standard set of ways to interact with various parts of the TOS ecosystem.
Ticker
Ticker — the short form of a cryptocurrency, asset, or token on exchanges, trading services, or other DeFi solutions — e.g. TOS for Toscoin.
The Merge
The Merge — the transition process of Ethereum switching from proof-of-work to proof-of-stake.
Token
Token — a form of digital asset; it can have multiple functions.
Tokenomics
Tokenomics — the economic plan and distribution strategy of a cryptocurrency (or token).
To the moon
To the moon — a colloquial phrase used when people create FOMO. It refers to hopefuls wanting the value of a cryptocurrency rapidly gaining a lot of value — hence its trajectory to the moon.
Toscoin
Toscoin — the native cryptocurrency of the TOS Ecosystem, which is used to develop services and pay for fees and services. It can be bought, sold, and traded.
Trading
Trading — buying and selling cryptocurrencies with the goal of making a profit.
TVL
TVL (Total Value Locked) — Тotal value locked represents the number of assets currently being staked in a specific protocol.
V
Validator
Validator — those who verify new blocks on TOS Blockchain.
W
WAGMI
WAGMI — “we’re all gonna make it,” a sentence often used in the crypto community to express the aspirations of becoming rich one day by investing in cryptocurrencies.
Wallet
Wallet — software that stores cryptocurrencies through a system of private keys needed to buy or sell cryptocurrencies and tokens.
Web3
Web3 — a new generation of the internet based on blockchain technology that includes decentralization and tokenomics.
Whale
Whale — an investor who owns a large number of cryptocurrencies and tokens.
Whitelist
Whitelist — a list awarding people special perks.
White paper
White paper — the main document of a project written by its developers. It explains the technology and the project’s goals.
Watchlist
Wаtchlist — a customizable list of cryptocurrencies whose price action an investor wishes to follow.
Workchain
Workchain — secondary chains that connect to the masterchain. They can contain a massive number of different connected chains that have their own consensus rules. They can also contain address and transaction information and virtual machines for smart contracts. Additionally, they can be compatible with the masterchain and interact with one another.
Y
Yield farming
Yield farming — lending or placing cryptocurrencies or tokens in a smart contract to earn rewards in the form of transaction fees.
Yolo
Yolo — “you only live once,” a slang acronym used as a call to live life to the fullest without taking into account the risk of the given endeavor.