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Decryptopedia™

Our cryptocurrency glossary helps you decipher crypto jargon back into plain English. Learn the terms that you’ll come across on your crypto journey.

Term of the Day

Custodial Wallets

Personal or business wallets controlled by a company or cryptocurrency exchange (like Coinbase or Binance), which stores your private keys for you. Custodial wallets are considered less safe than noncustodial wallets because if hackers were able to access an exchange’s network, they could potentially access your private keys and ultimately have complete control of your account balance, allowing them to steal your digital assets.

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Topic of the Day

Crypto Industry

The cryptocurrency industry is made up of 15,000+ different cryptocurrencies, dozens of blockchain companies and platforms, startups, investors, foundations, regulators, influencers, and more, all...

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Terms that start with “L”

  1. Lambo Wealth 

    Slang for attaining a position of financial success from crypto trading, enough to allow you to buy a Lamborghini. Lambo Wealth is an obscene amount of wealth, enough wealth to allow you to never have to have a “real” job again.

  2. Laser Eyes

    The Laser Eyes meme started out as a show of enthusiasm and community bonding during bitcoin’s (BTC) journey up to $100K. Several Bitcoin community members decided to add laser eyes to some friends’ avatars in hopes of fueling the entire crypto community to push bitcoin’s price to a new ATH. 

  3. Ledger

    Ledger, the company, is the most popular maker of cryptocurrency hardware wallets in the world. Ledger is best known for its Nano series of cryptocurrency hardware wallets. Leger also hosts the Ledger Market, which is a curated distribution channel for NFTs, where customers can get access to exclusive NFT collaborations, Ledger hardware, software, and services

  4. Ledger Wallet

    The Ledger Wallet is a cryptocurrency hardware wallet that lets the owner store his private keys on a USB-enabled device not connected to the Internet.

  5. Lightning Network

    A decentralized layer 2 payment protocol layered on top of the Bitcoin network that makes bitcoin (BTC) better by transacting off-chain, or outside of the Bitcoin network. It can handle billions of transactions per second across its network. It can handle billions of transactions per second across its network, providing near-instant financial transactions between platforms and wallets using it together. The Lightning Network can also offer cross-chain atomic swaps, happening off-chain instantly.

  6. Limit Order

    An order that lets a trader buy or sell a cryptocurrency at a specific price or better. When a limit order is placed, a trader has to wait for the asset he’s buying or selling to reach a certain price. Limit orders will go to the order book and look at the limit orders already placed. The order book will fill the order once the last price reaches the limit price or better.

How does one become a butterfly? You must want to fly so much that you are willing to give up being a caterpillar.Trina Paulus