API
Acronym for “Application Programming Interface”, APIs are software development tools. Large IT companies – such as Microsoft, Google and Facebook – make them available to developers, allowing them to easily build any kind of application.
Correlated words
Cashback
Cashback involves a partial reimbursement of funds spent in a transaction.
Web3
Third historical phase of the web, during which the economic and technological system of the internet changes, thanks to the tools offered by blockchain.
Bitcoin
The longest-lived cryptocurrency on the market and the first application of blockchain.
Wallet address
The string of characters that identifies a cryptocurrency wallet.
Stablecoin
Cryptocurrencies pegged to the price of a stable asset such as a fiat currency or precious metal.
Custody
Managing one's wallet by knowing its private key
White Paper
Technical and informative document used by cryptocurrency projects to present their technological proposal.
Wallet
Software that allows you to send, receive and store your cryptocurrencies.
Virtual Currency
Term used in legislation to define cryptocurrencies.
Fiat Currency
Legal tender, i.e. the official currency adopted by a government.
Token
Digital unit of value based on a third-party protocol.
Satoshi Nakamoto
The pseudonym used by the creator or group of developers of Bitcoin.
Open-source
Open-source software is public and available for anyone to reuse.
KYC
Identity verification procedure required by European regulations for exchanges.
Hard Fork
A division of the blockchain due to the incompatibility of the new version of the protocol with the previous one.
Hot Wallet
A cryptocurrency wallet connected to the internet.
Halving
The halving of the reward given to miners for each validation, every 4 years.
FinTech
A sector that combines finance and technology, where companies develop technologically innovative financial services.
Cryptography
The branch of computer science that studies secure communication methods.
Cryptocurrency
Virtual currency based on cryptography and blockchain.
Coin
A cryptocurrency that is natively based on its blockchain
Public Key
Cryptographic code that identifies a wallet on the blockchain.
Private Key
Cryptographic code that gives access to a wallet.
Altcoin
Cryptocurrencies that followed Bitcoin as alternative solutions.
AML
Anti-money laundering regulations prevent illegal activities on centralised exchanges.
Algorithm
The procedure applied to solve a problem.
Exchange
Services facilitating the purchase and sale of digital assets based on daily market prices.
Download the Young Platform app
