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Glossary
List of codenames, acronyms, lingo and crypto-specific words not everyone is familiar with.| North AmericaName | Definition |
|---|---|
| The codename for a decentralized, peer-to-peer marketplace built on Symbol to enable the trading of mosaics.AGORA | The codename for a decentralized, peer-to-peer marketplace built on Symbol to enable the trading of A representation of any kind of value on Symbol (both fungible and non-fungible).mosaics. |
| Ask Me Anything. An open questions session.AMA | Ask Me Anything. An open questions session. |
| Anti-Money LaunderingAML | Anti-Money Laundering |
| The codename for a workflow product by NEM that enables users to visually architect and deploy dApps.ANDROMEDA | The codename for a workflow product by The new economy movementNEM that enables users to visually architect and deploy dApps. |
| Asia and Pacific regionAPAC | Asia and Pacific region |
| Annual Percentage Rate.APR | Annual Percentage Rate. |
| When a trader purchases an asset in one place and sells it in another place to profit from a deviation in natural prices between markets.ARBITRAGE | When a trader purchases an asset in one place and sells it in another place to profit from a deviation in natural prices between markets. |
To broadcast transactionA with slightly lower gas (or fees) than an already pending transactionB so that transactionA gets mined right after transactionB in the same block.BACKRUNNING | To broadcast transactionA with slightly lower gas (or fees) than an already pending transactionB so that transactionA gets mined right after transactionB in the same block. |
| BitcoinBTC | Bitcoin |
| Central Bank Digital CurrencyCBDC | Central Bank Digital Currency |
| Coin Market Cap. A web page.CMC | Coin Market Cap. A web page. |
| Central Securities DepositCSD | Central Securities Deposit |
| Decentralized Autonomous OrganizationDAO | Decentralized Autonomous Organization |
| Decisional Diffie-HellmanDDH | Decisional Diffie-Hellman |
| Decentralized FinanceDEFI | Decentralized Finance |
| Decentralized Exchange.DEX | Decentralized Exchange. |
| Due DiligenceDD | Due Diligence |
| Decentralized IDDID | Decentralized ID |
| Direct To Consumer, i.e. mass marketDTC | Direct To Consumer, i.e. mass market |
| E2E | End-To-End |
| Europe, Middle-East and AfricaEMEA | Europe, Middle-East and Africa |
| “Ethereum Request for Comment”. Commonly utilized to refer to a token standard on the EVM (such as ERC-20, ERC-721, ERC-1155).ERC | “Ethereum Request for Comment”. Commonly utilized to refer to a token standard on the Ethereum Virtual MachineEVM (such as “Ethereum Request for Comment”. Commonly utilized to refer to a token standard on the EVM (such as ERC-20, ERC-721, ERC-1155).ERC-20, “Ethereum Request for Comment”. Commonly utilized to refer to a token standard on the EVM (such as ERC-20, ERC-721, ERC-1155).ERC-721, “Ethereum Request for Comment”. Commonly utilized to refer to a token standard on the EVM (such as ERC-20, ERC-721, ERC-1155).ERC-1155). |
| EthereumETH | Ethereum |
| Ethereum Virtual MachineEVM | Ethereum Virtual Machine |
| Fast Fourier TransformFFT | Fast Fourier Transform |
| ?FLASHBOT | ? |
| In context of cryptocurrencies: Trying to include your transaction in front of some other transaction. This is more important in case of DeFi markets, where gains can be made from front-running.FRONTRUNNING | In context of cryptocurrencies: Trying to include your transaction in front of some other transaction. This is more important in case of Decentralized FinanceDeFi markets, where gains can be made from In context of cryptocurrencies: Trying to include your transaction in front of some other transaction. This is more important in case of DeFi markets, where gains can be made from front-running.front-running. |
| For What It’s Worth.FWIW | For What It’s Worth. |
| Messenger of the Gods. Codename for Symbol’s next wallet project.HERMÈS | Messenger of the Gods. Codename for Symbol’s next wallet project. |
| Initial Coin OfferingICO | Initial Coin Offering |
| Incrementally Verifiable ComputationsIVC | Incrementally Verifiable Computations |
| Intellectual PropertyIP | Intellectual Property |
| Internal Revenue Service. Who you pay your taxes to if you live in the US.IRS | Internal Revenue Service. Who you pay your taxes to if you live in the US. |
| From Ancient Greek: “The right, critical, or opportune moment.” The codename for a collectible card game, built on top of Symbol. Kairos.KAIROS | From Ancient Greek: “The right, critical, or opportune moment.” The codename for a collectible card game, built on top of Symbol. From Ancient Greek: “The right, critical, or opportune moment.” The codename for a collectible card game, built on top of Symbol. Kairos.Kairos . |
| Know Your CustomerKYC | Know Your Customer |
| Latin America (Central and South America)LATAM | Latin America (Central and South America) |
| M&A | Mergers & Acquisitions (NOT a chocolate candy) |
| Miner-Extractable Value – process of reorganising transactions inside a block by miners, to gain something (might be covered by secret contract)MEV | Miner-Extractable Value – process of reorganising transactions inside a block by miners, to gain something (might be covered by secret contract) |
| A representation of any kind of value on Symbol (both fungible and non-fungible).MOSAIC | A representation of any kind of value on Symbol (both fungible and non-fungible). |
| North AmericaNAM | North America |
| The new economy movementNEM | The new economy movement |
| NEM Group LimitedNGL | The new economy movementNEM Group Limited |
| A non-fungible token – a way to represent anything as an Ethereum-based asset.NFT | A non-fungible token – a way to represent anything as an Ethereum-based asset. |
| NEM Software LimitedNSL | The new economy movementNEM Software Limited |
| OPTIMISTIC ROLLUPS | An Ethereum layer 2 scaling solution. Optimistic Rollups . |
| The codename for a end-to-end simulation platform by NEM that allows backtesting of network upgrades. Will launch with Symbol support but other blockchains can be added.PERSEUS | The codename for a end-to-end simulation platform by The new economy movementNEM that allows backtesting of network upgrades. Will launch with Symbol support but other blockchains can be added. |
| An Ethereum scaling solution. Sharding.SHARDING | An Ethereum scaling solution. An Ethereum scaling solution. Sharding.Sharding . |
| Proof of Concept (NOT a consensus protocol).POC | Proof of Concept (NOT a consensus protocol). |
| Proof of Importance. The consensus protocol used by Symbol. Similar to PoS but measuring an account’s activity besides its stake.POI | Proof of Importance. The consensus protocol used by Symbol. Similar to Proof of Stake. A consensus protocol.PoS but measuring an account’s activity besides its stake. |
| Proof of Stake. A consensus protocol.POS | Proof of Stake. A consensus protocol. |
| Proof of Work. A consensus protocol.POW | Proof of Work. A consensus protocol. |
| RUG PULL | A malicious maneuver where cryptocurrency developers abandon a project and run off with the funds. |
| A type of front-running technique that’s popular in DeFi. To make a sandwich, you find a pending transaction in the network and then try to surround the network by placing one order just before the transaction (front-running) and one order just after it (back-running).SANDWITCH | A type of In context of cryptocurrencies: Trying to include your transaction in front of some other transaction. This is more important in case of DeFi markets, where gains can be made from front-running.front-running technique that’s popular in Decentralized FinanceDeFi. To make a sandwich, you find a pending transaction in the network and then try to surround the network by placing one order just before the transaction In context of cryptocurrencies: Trying to include your transaction in front of some other transaction. This is more important in case of DeFi markets, where gains can be made from front-running.(front-running) and one order just after it To broadcast transactionA with slightly lower gas (or fees) than an already pending transactionB so that transactionA gets mined right after transactionB in the same block.(back-running). |
| Symmetric External Diffie-HellmanSXDH | Symmetric External Diffie-Hellman |
| Transactions Per SecondTPS | Transactions Per Second |
| NEM’s NIS1 blockchain native currencyXEM | NEM’s NIS1 blockchain native currency |
| NEM’s Symbol blockchain native currencyXYM | NEM’s Symbol blockchain native currency |