Pair

A trading pair is two assets that can be swapped with each other. Common pairs include ETH/USDC, SOL/USDT, BNB/USDT etc.

Paper Wallet

A paper wallet stores a wallet’s public and private keys on paper. It’s offline but fragile and easy to lose.

Peg

A peg fixes the value of one asset to another, i.e., a fixed exchange rate between two assets. Stablecoins often use USD pegs.

Permissionless

Permissionless systems are open to everyone. Anyone can build, trade, or participate.

PoS (Proof of Stake)

PoS is a consensus mechanism that secures a blockchain using staked tokens. Validators earn rewards for honest behavior.

PoW (Proof of Work)

A consensus mechanism using computational work to validate blocks. Bitcoin is the largest PoW chain.

Private Key

A private key is the secret code that controls access to your crypto. Anyone with your private key can move your funds.

Protocol

A protocol is a ruleset that defines how a blockchain works. It governs transactions, nodes, and consensus.

Public Key

A public key is a cryptographic address used to receive funds on the blockchain. It works together with your private key.

Pump-and-dump

A pump-and-dump artificially inflates a token’s price before dumping it. It’s a common market manipulation tactic.