Airdrops are rewards received without any compensation, often sent directly—and sometimes unsolicited—to your wallet. While many are part of

The term “altcoin” stands for “alternative coin” and basically refers to all cryptocurrencies other than Bitcoin. Learn how to

Financial institutions are legally required to implement extensive measures to combat money laundering. A proof of funds also addresses

A bagholder is someone who holds onto coins or tokens in their wallet despite knowing better – whether out

The term “bear market” describes a downward market trend, standing in contrast to a “bull market”. No matter how

Bitcoin is a decentralized digital currency built on blockchain technology. Unlike traditional currencies, Bitcoin isn’t controlled by any central

The blocks that make up every blockchain can be inspected using a block explorer (or blockchain explorer). Since all

All cryptocurrencies rely on the principle that multiple transactions are grouped into a block, which is then linked to

The term “bull market” describes a market trend that is moving upward, in contrast to a “bear market,” which

This refers to digital currencies that are issued and maintained directly by central banks. In terms of centralization, they

Checkmate is… well, our very own Checkmate! As our mascot, he stands armed and ready between you and the

A coin is the native cryptocurrency of a blockchain. For example, Ether is a coin, while all cryptocurrencies built

Konsens ist für jedwede Blockchain, insbesondere für die Blockerstellung, von zentraler Bedeutung. Konsens gewährleistet, dass die Blockchain sicher ist

The process of recording all cryptocurrency-related transactions within a crypto tax tool is referred to as crypto data processing,

Crypto Data Preparation and verification generally rely on crypto tax tools or crypto tax software. questr currently relies on

Ultimately, a DAO consists of multiple smart contracts that ensure the underlying decentralized organization operates without the need for

This refers to programs that exist solely on the blockchain, making them inherently decentralized. Every dApp is powered by

DeFi refers to protocols that operate without intermediaries (such as banks) while still offering traditional financial products. It can

The abbreviation stands for “degenerate” and refers to investors who disregard proper due diligence, essentially buying cryptocurrencies at random.

Ethereum stands out for its revolutionary advancement over earlier cryptocurrencies: programmability through smart contracts. Ethereum refers to the blockchain

FOMO refers to the feeling of having missed a great opportunity to buy an asset.

A fork occurs when a blockchain splits into two separate chains. This is often triggered by a significant technical

In the context of cryptocurrencies, FUD is associated with individuals who actively spread it – deliberately creating fear, uncertainty,

Gas is a fee that users must pay to execute transactions on the Ethereum blockchain. It is paid in

Crypto enthusiasts often greet each other with a simple “gm” – a nod to the fact that somewhere in

Bitcoin Halving is an event where the reward for mining new Bitcoin is cut in half. This occurs approximately

At first glance, it may seem like a typo… and, well, that’s because it actually is! However, this particular

Impermanent loss is a concept related to liquidity providing. When depositing funds into a liquidity pool, two different cryptocurrencies

After crypto data processing, it is essential to review the data entered into the crypto tax tool. At questr,

Some companies are legally required to subject their customers to a KYC process. This means customers must verify their

Layer 2 refers to a scaling solution for blockchains that enables higher transaction throughput and faster processing speeds. These

The Lightning Network is a Layer 2 scaling solution for the Bitcoin blockchain. It allows users to conduct fast

Liquidity providing or liquidity mining refers to the process of depositing cryptocurrencies into a liquidity pool. In return for

The term metaverse refers to a virtual space where people can interact in various ways. Today, numerous blockchain-based projects

Crypto mining refers to the process used to create new Bitcoin, among other cryptocurrencies. Miners use specialized computers to

NFTs are tokens that are non-fungible, meaning they cannot be exchanged on a one-to-one basis within the same category.

Proof-of-Stake (PoS) is a consensus mechanism. In PoS, validators are selected based on their stake (the amount of cryptocurrency

Proof-of-Work (PoW) is a consensus mechanism. In PoW, validators – better known as miners – must provide computational power

A private key is a secret code used to sign transactions in a crypto wallet. It must be securely

Proof of funds for cryptocurrencies is typically requested by financial institutions, including banks, brokers such as Coinfinity, and exchanges

Pump and Dump is a form of market manipulation where a group of investors buys a cryptocurrency and then

Derived from the word “wrecked,” the term is frequently used to describe the state of an investor who has

A Satoshi is the smallest unit of Bitcoin. One Satoshi equals 0.00000001 BTC.

A term, sometimes used humorously and sometimes seriously, to refer to various coins and tokens whose price movements did

Despite the name, smart contracts are not contracts with any form of intelligence. Instead, a smart contract is a

This term refers to a cryptocurrency that is algorithmically pegged to the value of an internationally recognized currency, most

A token is built on a blockchain but is not its native cryptocurrency. For example, all cryptocurrencies running on

Validatoren sind für alle Blockchains von zentraler Bedeutung, denn sie sind für den entscheidenden Konsensmechanismus verantwortlich. Für die Transaktionsverarbeitung

Für Interaktionen mit der Blockchain sind wallets nicht wegzudenken: Alle Kryptowährungen lassen sich in wallets speichern. Technisch gesehen werden

Ein Whitepaper ist ein Dokument, das von einem Krypto-Projekt erstellt wird, um die Technologie und die Vision des Projekts

Wrapped Bitcoin (WBTC) ist eine Art von Token, der 1:1 mit Bitcoin besichert ist. WBTC kann in dezentralen Anwendungen

Yield Farming ist eine Praxis, bei der Benutzer:innen ihre Kryptowährungen in dezentralen Finanzanwendungen (DeFi) einsetzen, um eine Rendite zu