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Decryptopedia™

Our cryptocurrency glossary helps you decipher crypto jargon back into plain English. Learn the terms that you’ll come across on your crypto journey.

Term of the Day

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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Topic of the Day

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 “L”

  1. Lambo Wealth 

    Slang for attaining a position of financial success from crypto trading, enough to allow you to buy a Lamborghini. Lambo Wealth is an obscene amount of wealth, enough wealth to allow you to never have to have a “real” job again.

  2. Laser Eyes

    The Laser Eyes meme started out as a show of enthusiasm and community bonding during bitcoin’s (BTC) journey up to $100K. Several Bitcoin community members decided to add laser eyes to some friends’ avatars in hopes of fueling the entire crypto community to push bitcoin’s price to a new ATH. 

  3. Ledger

    Ledger, the company, is the most popular maker of cryptocurrency hardware wallets in the world. Ledger is best known for its Nano series of cryptocurrency hardware wallets. Leger also hosts the Ledger Market, which is a curated distribution channel for NFTs, where customers can get access to exclusive NFT collaborations, Ledger hardware, software, and services

  4. Ledger Wallet

    The Ledger Wallet is a cryptocurrency hardware wallet that lets the owner store his private keys on a USB-enabled device not connected to the Internet.

  5. Lightning Network

    A decentralized layer 2 payment protocol layered on top of the Bitcoin network that makes bitcoin (BTC) better by transacting off-chain, or outside of the Bitcoin network. It can handle billions of transactions per second across its network. It can handle billions of transactions per second across its network, providing near-instant financial transactions between platforms and wallets using it together. The Lightning Network can also offer cross-chain atomic swaps, happening off-chain instantly.

  6. Limit Order

    An order that lets a trader buy or sell a cryptocurrency at a specific price or better. When a limit order is placed, a trader has to wait for the asset he’s buying or selling to reach a certain price. Limit orders will go to the order book and look at the limit orders already placed. The order book will fill the order once the last price reaches the limit price or better.

I can accept failure, but I can't accept not trying.Michael Jordan