UNIT 12 - CRYPTOCURRENCIES

Currency

Anything that holds value and can be exchanged for goods or ser- vices. E.g., money 

To transfer

To move money from one account to another 

To forge

To make an illegal copy of something in order to deceive 

Signature

The data used for identification purposes most often found in email messages

Server

A software or hardware device that accepts and responds to requests made over a network 

To rein in

To control something and stop it increasing 

An asset

Something that is owned by a person, company, or organization, such as money, property, or land 

Transparency

A situation in which business and financial activities are done in an open way without secrets, so that people can trust that they are fair and honest

Return

The amount of profit made by an investment or a business activity 

Volatile

Likely to change often or suddenly and unexpectedly: 

Demise

The end of something that was previously considered to be power- ful, such as a business, industry, or system 

To endure

To suffer something difficult, unpleasant, or painful 

Incentive

Something that encourages a person to do something 

Feud

An argument that has existed for a long time between two people or groups, causing a lot of anger 

Prone to

Likely to show a particular characteristic, usually a negative one, or to be affected by something bad, such as damage or an illness 

Price swings

Fluctuation in prices 

Pound sterling

British currency 

Tipping point

The time at which a change or an effect cannot be stopped 

Crypto wallet

Software program where bitcoins are stored 

Transaction flows

Describes the way in which you can use these in message flows to accomplish certain tasks and results 

Lever

Something you use to try to persuade someone to do what you want 

To prosper

To become successful 

Inception

The beginning of something 

Incubator

An organisation that helps people to start new companies 

Illicit

Illegal

Scammer

Someone who makes money using illegal methods 

Flimsy

weak

Fungible

Goods that are easy to trade for others of the same type and value 

Token

In the digital world, it is something that is used instead of money 

Ledger

A computer document in which a company's accounts are recorded (especially money it has spent and received) 

Commodities

A product that can be traded, bought or sold 

Exchange

1. To give something to someone and receive something from that person in return 

2. A place or organization where shares, currencies, commodities, etc. are bought and sold 

3. The process of changing one currency for another 

Bubble

A temporary period in which a lot of people invest in a product, causing the product to become much more expensive compared to its real value 

Royalties

Payment made to writers, people who have invented things, owners of property etc. 

Distribution

To give or sell (copies of) something to a number of recipients 

Sole ownership

Where there is only one owner of something 

Valuation

The determination of how much money something is worth 

To surge

To increase suddenly and strongly 

Fad

An activity that is interesting for a short period of time 

Securities

Could be a bond or a share that you trade on a financial market 

Recession

A period during which the economy of a country is unsuccessful and conditions for businesses are bad 

Counterfeit returns

Fake profits from investments 

To tout

To talk about it in such a way that you want people to like, accept or buy it 

Decentralized

No centralized authority, such as a government or bank, is required to regulate, control, or issue the currency 

To analyze

To examine something closely and in detail 

To assess

To evaluate or determine the value, significance, or quality of something 

To compare

To identify similarities and differences between two or more items or concepts 

To contrast

To highlight the differences between two or more items or ideas 

To define

To provide a clear and precise meaning of a term or concept 

To demonstrate

To show or prove something with evidence or examples 

To evaluate

To critically assess, judge, or determine the worth or quality of something 

To examine

To inspect or investigate something thoroughly 

To explain

To make something clear or easy to understand by describing or detailing 

To identify

To recognize and name something, often as part of classification or categorization 

To illustrate

To provide examples, diagrams, or visual aids to support or explain a point 

To interpret

To explain or provide meaning to something, often based on analysis 

To investigate

To conduct research or inquiry into a particular subject or problem 

To outline

To give a brief overview or summary of the main points or struc- ture of a topic 

To propose

To suggest or put forward an idea, plan, or hypothesis 

To report

To present factual information, often based on research or observations 

To review

To assess or evaluate something critically, such as literature, research, or a topic 

To summarize

To provide a condensed version of the main points or ideas of a text or topic 

To synthesize

To combine and integrate information or ideas to create a coher- ent whole 

To support

To provide evidence or arguments to back up a claim or state- 

To test

To investigate or experiment with the purpose of proving or dis- proving a hypothesis 

To validate

To confirm or prove the accuracy, reliability, or legitimacy of something 

To exemplify

To provide examples that typify or represent a concept or idea 

To justify

To provide reasons or evidence to defend or explain a decision or argument 

To criticize

To analyze and evaluate something, often by pointing out its flaws or weaknesses