Decryptopedia Terms Beginning With 'U'

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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 “U”

Unconfirmed Transaction
An Unconfirmed Transaction refers to a blockchain transaction, such as buying, selling, or transferring a cryptocurrency, that hasn’t been permanently recorded to the blockchain. An unconfirmed transaction status means that the network of miners or validators hasn’t completely examined the transaction in full, to determine that there aren’t any pending transactions involving the same cryptocurrency being used.
Uniswap
Uniswap is currently the largest decentralized exchange (DEX) by trading volume operating on the Ethereum blockchain, which allows anyone to swap ERC20 tokens. Uniswap was the pioneer in using the automated market maker model, where users supply Ethereum tokens to liquidity pools, and algorithms determine how to price assets.

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Terms that start with “U”