B

Bear Market

Bear Market in cryptocurrency refers to a prolonged period of declining prices across the crypto market, often accompanied by pessimism, fear, and reduced trading activity.

Bitcoin (BTC)

Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the name Satoshi Nakamoto.

Blockchain

Blockchain is a decentralized, distributed digital ledger that records transactions across many computers in a way that ensures transparency, security, and immutability.

Bull Market

Bull Market in cryptocurrency refers to a prolonged period during which the prices of crypto assets are rising or expected to rise.

C

CASP (Crypto Asset Service Provider)

CASP (Crypto Asset Service Provider) is a regulatory term used to describe companies and individuals that offer services related to cryptocurrencies and other digital assets.

Cold Wallet

Cold Wallet is a type of cryptocurrency wallet that stores digital assets completely offline, making it immune to online hacks, malware, and phishing attacks.

Consensus Mechanism

Consensus Mechanism is a fundamental process used in blockchain networks to agree on the validity of transactions and maintain a single, secure version of the distributed ledger.

D

DeFi (Decentralized Finance)

DeFi (Decentralized Finance) is a blockchain-based financial system that replaces traditional intermediaries like banks, brokers, and payment services with smart contracts and decentralized platforms.

Derivatives 

Derivatives in cryptocurrency are financial contracts whose value is based on an underlying crypto asset, such as Bitcoin (BTC), Ethereum (ETH), or other tokens.

Dumping (Cryptocurrency Sell-off)

Dumping in cryptocurrency refers to the massive and rapid selling of a particular crypto asset, often leading to a sharp decline in its price.

Dusting Attack

A dusting attack is a type of cyberattack in which an attacker sends a very small amount of cryptocurrency (so-called "dust") to users' wallets. The goal is to track transaction activity and identify wallet owners.

DYOR (Do Your Own Research)

DYOR is a fundamental principle in the cryptocurrency world, emphasizing the importance of conducting independent research before making investment decisions. The crypto market is full of opportunities but also risks, including fraudulent projects. 

E

Ethereum (ETH)

Ethereum is a decentralized blockchain platform that allows developers to build and run smart contracts and decentralized applications (dApps) without relying on central authorities

ETF (Exchange-Traded Fund)

ETF (Exchange-Traded Fund) is a financial product that tracks the value of an underlying asset or group of assets, such as cryptocurrencies like Bitcoin or Ethereum, and can be traded on traditional stock exchanges.

Exit Scam

An exit scam is a fraudulent practice in which the founders of a cryptocurrency project or exchange suddenly disappear with investors' funds. These scams typically involve projects promising high returns but lacking any real product.

F

Fiat currency

A fiat currency is a government-issued currency, such as the dollar, euro, or koruna, controlled by a central bank. It is not backed by any physical asset, and its value depends on trust in the state and its economy. Governments regulate the supply of fiat money and use it for economic policy management, which can lead to inflation. Unlike cryptocurrencies, which are decentralized and governed by algorithms, fiat currencies are subject to central institutional decisions.

Fireblocks

Fireblocks is a security infrastructure for managing digital assets, used by banks, exchanges, and financial institutions to protect cryptocurrencies. Probinex has integrated Fireblocks into its ecosystem to ensure maximum security for user funds.

FOMO (Fear of Missing Out)

FOMO is a psychological phenomenon where investors buy cryptocurrencies out of fear that they will miss out on price growth. It often leads to impulsive decisions and buying at market peaks.

Fork (Blockchain Split)

A fork is a change in blockchain network rules that leads to the creation of a new version of the blockchain. A soft fork is a backward-compatible update, whereas a hard fork creates an entirely new blockchain (e.g., Bitcoin Cash, which originated from Bitcoin).

Front Fee

An entry fee charged during the allocation and reallocation of funds. This fee covers the costs associated with trading activities and ensures efficient capital redistribution.

FUD (Fear, Uncertainty, Doubt)

FUD refers to the spread of negative news or misinformation aimed at causing panic and a decline in cryptocurrency prices. It can be triggered by regulatory changes, negative media coverage, or market manipulation.

G

Gas (Transaction Fee on Blockchain)

Gas is a unit that measures the computational power required to execute a transaction or smart contract on a blockchain, such as Ethereum. The gas fee depends on network congestion and the complexity of the operation. 

Governance (Decentralized Project Management)

Governance in cryptocurrencies refers to the decision-making process regarding the future of blockchain protocols and projects. It can be centralized (controlled by a single entity) or decentralized (where governance token holders make decisions). Projects like DAOs (Decentralized Autonomous Organizations) allow users to vote on changes within the ecosystem. 

Grant Thornton

Grant Thornton is an international advisory firm specializing in auditing, taxation, and regulatory consulting. In the cryptocurrency and blockchain space, it assists companies with regulatory compliance, digital asset audits, and the implementation of compliance strategies.

Greater Fool Theory

The Greater Fool Theory describes an investment strategy where people buy overvalued assets, believing they can sell them to an even “greater fool” at a higher price. This concept is common in cryptocurrency markets, especially during speculative bubbles. 

H

Hard Peg (Fixed Peg to Another Currency or Asset)

A hard peg is a mechanism where the value of a currency or asset is strictly tied to the value of another asset, usually a fiat currency or commodity. This means its price remains fixed or moves only within a predefined range. In cryptocurrencies, hard pegs are commonly used in stablecoins, such as USDT (Tether) or USDC, which are pegged to the US dollar at a 1:1 ratio. 

High-Frequency Trading (HFT)

HFT is a trading strategy that uses algorithms to execute a large number of trades in a very short time. This approach is popular in both traditional markets and cryptocurrencies.

HODL (Hold On for Dear Life)

HODL is a popular crypto term meaning long-term holding of cryptocurrencies regardless of short-term price fluctuations. It originally came from a misspelling of the word "hold" on a Bitcoin forum in 2013.

Hot Wallet

A hot wallet is a type of cryptocurrency wallet connected to the internet, allowing for quick transactions but also increasing the risk of hacking. Probinex prioritizes user security and employs advanced technologies such as Fireblocks, which combine the convenience of a hot wallet with the protection of cold storage. 

I

ICO (Initial Coin Offering)

An ICO is a fundraising method for new crypto projects, where investors purchase newly issued tokens before they are listed on an exchange. This model was especially popular in 2017–2018. A total of 55% of the PBX ICO was offered to early investors in 2021. 550,000,000 PBX tokens found their new owners by November 2021, a month earlier than the planned end of the presale. The token sale raised $17,550,000 USD. 

Immutable Ledger

Blockchain functions as an immutable ledger, where all transactions are permanently recorded and cannot be altered retroactively. This characteristic ensures transparency and data security.

Inflation

Inflation in crypto refers to the gradual increase in the number of tokens or coins in circulation, which can reduce their value. For example, Bitcoin follows a deflationary model, as its supply is capped at 21 million BTC, whereas Ethereum’s inflation was reduced after transitioning to the Proof-of-Stake (PoS) model.

J

Jevons Paradox

Jevons' Paradox states that when the efficiency of using a resource increases, its consumption often does not decrease but actually grows. In crypto, this can be seen, for example, in lower transaction fees, which lead to higher user activity.

JOMO (Joy of Missing Out)

JOMO is the opposite of FOMO (Fear of Missing Out) and describes a situation where investors feel no pressure to make quick decisions and are content with not participating in speculative markets.

K

Key Management

Key Management refers to the secure management of private keys, which are essential for accessing cryptocurrency assets. Keys can be stored in various forms, such as hardware wallets (Ledger, Trezor), multisig systems, or MPC (Multi-Party Computation), a method of splitting a key among multiple parties.

Probinex uses top-tier security technologies like Fireblocks, which combine MPC and institutional-grade key protection to ensure maximum security of user assets.

KYC (Know Your Customer)

KYC is a process of verifying users' identities, required by regulations to combat money laundering (AML). Cryptocurrency platforms, including Probinex, implement KYC to ensure a legal and safe environment for trading and investing in the PBX token and other products.

L

Law of Accelerating Returns

The law of accelerating returns is a concept popularized by Ray Kurzweil, who argues that technological progress does not develop linearly, but exponentially.

Leverage

Leverage allows traders to open positions larger than their own capital by borrowing funds from an exchange or other liquidity provider.

Liquidity

Liquidity refers to the ability of an asset to be quickly and easily exchanged for another currency or token without significantly affecting its price. The higher the liquidity, the more stable the market is.

M

Market Cap

Market capitalization is the total value of a cryptocurrency calculated as the price of one token × the total number of tokens in circulation.

Memecoin

Memecoin is a cryptocurrency that originated as a joke or internet meme, but gained popularity through community and speculation. Unlike Bitcoin or Ethereum, memecoins usually do not have a strong technological base or practical use, but often experience sharp price fluctuations due to viral trends.

Management fee

A portfolio management fee that finances the professional management of trading activities.

MiCA (Markets in Crypto-Assets Regulation)

MiCA is the European regulation for cryptocurrency services, which aims to ensure the legal and transparent functioning of the crypto market in the EU. It sets out rules for stablecoins, cryptocurrency service providers (CASPs) and fraud prevention.

Mining

Mining is the process of validating transactions and adding new blocks to the blockchain, usually through Proof of Work (PoW). Miners use powerful ASIC or GPU devices to solve complex mathematical problems.

N

NFT (Non-Fungible Token)

NFTs are unique digital assets stored on the blockchain that represent ownership of a specific digital or physical object, such as art, music or gaming items. Each NFT has a unique identifier and is not interchangeable like regular cryptocurrencies.

Node

A node is a computer or server connected to the blockchain network that helps maintain its decentralized structure. There are full nodes, which store the entire blockchain, and light nodes, which verify only part of the transactions. The nodes ensure the security and transparency of the network.

O

On-Chain Data

On-Chain Data includes all transactions and activities that are recorded directly on the blockchain. Analysts track on-chain metrics such as the number of active addresses, transaction fees or trade volumes to understand market dynamics.

Open/Close

In cryptocurrency trading, the terms Open and Close are used to indicate the start and end of a trading position.

• Open - The moment a trader enters the market by buying (long) or selling (short) a cryptocurrency.

• Close - The moment when a trader sells an asset (for a long position) or buys it back (for a short position) to realize a profit or minimize a loss.

Over-the-Counter (OTC)

OTC (Over-the-Counter) trading means that a cryptocurrency transaction takes place outside of a traditional exchange, usually directly between two parties or through a specialized broker.

P

Performance Fee

Performance fee is a fee charged by investment platforms or fund managers based on the positive performance of a trading strategy.

Ponzi scheme

A Ponzi scheme is a fraudulent investment model where the returns of older investors are paid out of the deposits of new participants, not actual profits. The scheme collapses when there are not enough new investors to cover the promised returns.

Portfolio

A cryptocurrency portfolio refers to a set of assets that an investor holds as part of their investment strategy. A portfolio may include Bitcoin, altcoins, stablecoins, NFTs, DeFi positions or derivatives. Proper portfolio diversification helps minimize risk and optimize returns.

Probinex

Probinex is a fintech project focused on connecting traditional finance and the cryptocurrency market. The goal is to offer regulated, safe and innovative investment products that allow investors to generate returns without the need for deep cryptocurrency knowledge.

Pump and Dump

Pump and Dump is a market manipulation in which a group of investors artificially inflate the price of a cryptocurrency (pump) through fake news or coordinated purchases, only to collect the high profits by selling (dump) and causing the price to fall.

Q

QR Code

QR codes are often used in cryptocurrencies for quick and secure payments. They make it easy to scan cryptocurrency addresses and eliminate manual entry errors. For example, wallets such as Trust Wallet, MetaMask or exchanges allow users to generate QR codes to send and receive cryptocurrencies quickly.

Quantum Computing

Quantum computers pose a potential threat to blockchain cryptography because they could easily break current encryption algorithms. Projects like Ethereum and Bitcoin are following the development of quantum technologies and working on quantum-resistant encryption methods. Probinex monitors security trends and adapts its strategies to protect digital assets

R

Rebase

Rebase is a mechanism that automatically adjusts the token supply according to predefined rules without affecting the value of the assets held. This process is used for elastic stablecoins and specific DeFi tokens to achieve price stability or capitalization growth.

ROI (Return on Investment)

ROI measures the profitability of an investment and is calculated as (yield - initial investment) / initial investment × 100%. In crypto, ROI is often used to evaluate the returns of staking, trading or token investments.

Rug Pull

Rug Pull is a scam where the developers of a crypto project suddenly abandon the project and steal funds from investors. This typically happens in DeFi and NFT projects that lure high profits but have no real product.

S

SHA-256

SHA-256 is a cryptographic hashing function used by Bitcoin to secure transactions and create new blocks. This algorithm is highly secure and there is no efficient way to break it yet.

Stablecoin

A stablecoin is a cryptocurrency whose price is linked to a stable asset, usually the US dollar (USDT, USDC) or gold (PAXG). There are centrally managed stablecoins (e.g. USDT) and decentralized stablecoins (e.g. DAI).

T

Tokenomics

Tokenomics refers to the economic model of a cryptocurrency, including how it is distributed, offered, burned and used in the ecosystem. A good tokenomics model supports project growth and sustainability.

Trading Bots

Trading bots are automated programs that execute trades based on pre-set rules. They are used for high frequency trading (HFT), arbitrage or risk management.

TVL (Total Value Locked)

TVL refers to the amount of capital locked up in staking, DeFi logs and smart contracts. A higher TVL means more investor confidence in the ecosystem.

U

USDC (USD Coin)

USDC is a regulated stablecoin backed by the US dollar, issued by Circle and used in many DeFi applications, exchanges and payment systems.

Utility Token

A utility token is a cryptocurrency that has a specific use in the project ecosystem. Unlike security tokens (which represent an investment asset), utility tokens provide access to services or products.

V

Venture Capital (VC)

Venture Capital (VC) refers to investments in innovative and high-risk startups, including cryptocurrency projects. Venture capitalists (VC funds) provide funding in exchange for a stake in a company or an allocation of tokens, expecting a high return on investment.

Vesting

Vesting is a process where tokens are not released all at once, but gradually over time. It is used to protect against the bulk sale of tokens (dump) by founders or investors.

Volatility

Volatility measures the speed and range of price movements of a cryptocurrency. Bitcoin and altcoins are known for their high volatility, which means their price can rise and fall rapidly over a short period of time.

Volume

Volume refers to the total amount of cryptocurrency traded over a certain period of time (daily, weekly, monthly). High volume indicates strong liquidity and investor interest, while low volume may indicate less market activity.

W

WAGMI (We’re All Gonna Make It)

WAGMI is a popular crypto slang term that expresses optimism and belief in the success of the cryptocurrency community. It is used primarily during bull markets or in situations where investors believe their project will be successful in the long run.

Web3

Web3 refers to a new generation of the internet where applications run on the blockchain and are not controlled by central authorities. It enables decentralized finance (DeFi), DAOs, smart contracts and metaverse projects.

Whale

A whale refers to an investor or entity that owns a large amount of cryptocurrency and can influence the market with large trades. Whales can make strategic purchases and sales, causing sudden price movements.

Whitepaper

A whitepaper is a document that describes the vision, technology and tokenomics of a cryptocurrency project. For example, Satoshi Nakamoto's Bitcoin whitepaper defined the concept of a decentralized currency. Probinex has its own whitepaper where it explains the goals of the PBX token and the ecosystem

X

XBT

XBT is an alternative international designation for Bitcoin (BTC) that conforms to currency code standards (ISO 4217). Some exchanges and financial institutions use XBT instead of BTC, especially in institutional trading.

X11

X11 is a cryptographic hashing algorithm used by some cryptocurrencies such as Dash. This algorithm combines 11 different hash functions, which increases security and mining efficiency compared to Bitcoin's SHA-256.

Y

Yield Curve

The yield curve shows the relationship between the maturity and interest rate of investment products. In cryptos it is used for staking, DeFi loans and derivative contracts. The curve can be normal (rising), inverted (falling) or flat, indicating economic trends in both traditional and crypto financial markets.

Yield Farming

Yield Farming is a strategy in DeFi where users provide liquidity to logs and earn rewards in the form of tokens or interest. AMMs (automated market makers) such as Uniswap, PancakeSwap or Aave are often used.

YOLO Trading

YOLO stands for "You Only Live Once" and is used in the crypto world for extremely risky trading or investing without deeper analysis or strategy. This approach often leads to quick profits but also huge losses.

YTD (Year-to-Date)

YTD refers to the return or change in price of an asset from January 1 to the current day. In crypto, it is used to measure the profitability of an investment over a specific time frame. Investors track the YTD of a bitcoin, PBX token or other crypto asset to evaluate long-term trends.

Z

Zero Day Attack

Zero Day Attack refers to a cyber attack that exploits a previously unknown security vulnerability in software or blockchain protocol. In crypto, zero-day attacks can be used to hack exchanges, DeFi protocols or smart contracts.

Zombie Chain

Zombie Chain refers to a blockchain that technically still works but does not have enough activity from developers and users. Many altcoins from 2017-2018 turned into zombie chains after the crypto winter because their ecosystems lost support.