Glossary

The mathematical study of strategic decision-making, fundamental to designing incentive structures in blockchain protocols.

The amount by which a cryptocurrency futures price exceeds its current spot price.

A financial derivative that obligates the buyer to purchase or the seller to sell a cryptocurrency at a predetermined price at a future date.

The property of an asset where individual units are interchangeable and identical in value.

A periodic payment between long and short traders in perpetual futures markets to keep contract prices near spot.

A blockchain node that downloads and validates every block and transaction since the genesis block.

Negative, misleading, or false information spread about a cryptocurrency or the market to create panic and drive down prices.

The unethical practice of using advance knowledge of pending transactions to place a competing trade first.

The process of dividing a high-value NFT or cryptocurrency into smaller, more affordable pieces.

A mathematical process for rigorously proving the correctness of smart contract code and protocol designs.