Airdrop (or crypto airdrop) is when a blockchain project distributes free tokens or coins to the crypto community. To be a recipient of a crypto airdrop often the only requirement is that you have coins from the relevant blockchain stored in your wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.
Altcoins are cryptocurrencies other than Bitcoin. The majority of altcoins are forks of Bitcoin with small uninteresting changes. This page categorises different ways altcoins have modified Bitcoin. Many people prefer the term "shitcoin" to clearly distinguish all these altcoins from Bitcoin. This term has even been used in US Congress in 2019.
Bitcoin is a decentralized digital currency created by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoin has no central issuer... instead, the peer-to-peer network regulates Bitcoins, transactions and issuance according to consensus in network software. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
Coin is a cryptocurrency with its own blockchain, usually created by developers from scratch or by forking. You can also find the term “altcoin”, which implies an alternative coin, that is any coin that is not Bitcoin. Bitcoin is the best example of a coin. Bitcoin is not only the world's first cryptocurrency but also the world's first blockchain.
Coin burn is a term meaning the intentional riddance of a certain number of cryptocurrency items to ensure its stable work, rate normalization or create a new cryptocurrency.
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency.
A digital asset is anything that exists in a digital format and comes with the right to use. Data that do not possess that right are not considered assets. Digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances such as: personal computers, laptops, portable media players, tablets, data storage devices, telecommunication devices, and any and all apparatuses which are, or will be in existence once technology progresses to accommodate for the conception of new modalities which would be able to carry digital assets; notwithstanding the proprietorship of the physical device onto which the digital asset is located.
A distributed ledger (also called a shared ledger, or referred to as distributed ledger technology) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralised data storage. A peer-to-peer network is required as well as consensus algorithms to ensure replication across nodes is undertaken.
Cryptocurrency dust are fractional values from a unit of cryptocurrency. Such small means are usually impossible to trade because they are less than transactional fees. Being below the minimum trading limit, they usually stand idle in user wallets. Hence, the term «crypto dust». You can’t use it, until the balance of the wallet is replenished. The more wallets and tokens you have, the bigger the size of crypto dust.
A cryptocurrency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be a market maker that typically takes the bid–ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.