Decryptopedia Terms Beginning With 'I'

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Rug Pull

A scam tactic perpetrated against crypto traders and investors, that results in all investment funds disappearing without a trace. The scam usually takes the shape of scammers setting up a brand new coin that promises instant gains or too-good-to-be-true scenarios. Once the coin is made public, the scammers (criminals) drum up attention on social media and chat rooms, in hopes of enticing investors to buy the cryptocurrency of the project. The fraud materializes when the founders of the coin disappear without notice, taking all investor funds with them.

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Common Crypto Terms

The crypto market, born out of money meeting technology, covers a vast amount of subjects. Crypto not only covers cryptocurrency trading, but it includes everything from digital payments,...

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Terms that start with “I”

Immutability
A core feature of blockchains that makes their ledgers, the data record of transactions, unchangeable and unalterable. Immutability drives the trustworthiness and integrity of blockchain data as chain transactions and rulesets are protected from fraud, hacking and other wrongdoing.
Initial Coin Offering (ICO)
A token sale or crowdfunding event offered by cryptocurrency startups, existing projects, and blockchains, looking to raise money from investors to fund new and ongoing development. It’s very similar to initial public offerings (IPO) that take place in the traditional finance world of stocks. ICOs sometimes offer pre-sale or discounted token prices in exchange for capital investment.

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Terms that start with “I”