Crypto Casino Glossary

If you’re not sure what “FUD” or “gas fees” OR “NGMI” mean, then this glossary is for you. Think of this as Pokedex, but for crypto casinos.

We have covered everything from basic blockchain concepts to casino-specific terms that matter when you’re using digital currencies to play. You’ll find clear, straightforward definitions without the technical fluff, whether you’re trying to understand how your Bitcoin deposit works or what makes a crypto casino “provably fair.”

The crypto casino space moves fast, and knowing these terms helps you make smarter decisions about where to play, how to manage your funds, and what to look for in bonuses and game mechanics.

Don’t worry. WAGMI. Here we go 🚀

Term	What it means
Address	This is a unique string of alphanumeric characters that serves as your public identifier on a blockchain. This address is similar to a bank account number that you share to receive cryptocurrency.
Affiliate	A person or business that promotes a crypto casino in exchange for compensation, typically through revenue sharing or commission structures. Affiliates might run review sites, YouTube channels, or blogs where they recommend casinos.
Aggregator	A platform that consolidates games and betting options from multiple providers into a single interface, allowing players to access hundreds or thousands of games without switching between different casinos. Some crypto casino aggregators also compare odds, bonuses, and features across multiple operators to help players find the best value.
Airdrop	A free distribution of cryptocurrency tokens or coins to numerous wallet addresses, usually launched by new projects or DeFi protocols. Many crypto casinos use airdrops to reward players or new community members. Unlike traditional casino bonuses, airdrops are one-time distributions that don’t require deposits.​
Algorithm	A set of rules to solve a maths problem. Blockchains employ consensus algorithms to verify transactions.
Altcoin	Any cryptocurrency other than Bitcoin. The term combines “alternative” and “coin.” Popular altcoins used in crypto casinos include Ethereum, Litecoin, and Dogecoin.
AML	This is short for ‘Anti-Money Laundering’. These are regulations designed to prevent criminals from disguising illegally obtained funds as legitimate income. Crypto exchanges and many licensed crypto casinos must follow AML procedures, which include monitoring transactions for suspicious activity and reporting to authorities.​
AMM	This is short for Automated Market Maker, which is a decentralized exchange protocol that uses mathematical formulas to price assets and facilitate trades without relying on traditional order books. Popular AMMs like Uniswap and Curve allow crypto casino players to swap tokens instantly by trading against liquidity pools, though larger trades cause more price slippage.
API	Application Programmer Interface. A toolkit for developers to create apps.
Arbitrage	Buying and selling the same crypto on different exchanges, to capitalise on pricing differences.
ASIC Miners	These are specialized computer hardware designed exclusively for cryptocurrency mining, optimized to solve one specific hashing algorithm like Bitcoin’s SHA-256 with maximum efficiency. While incredibly efficient compared to regular computers, ASIC miners are expensive, consume significant electricity, and become obsolete when a blockchain changes its mining algorithm.
ATH	This is short for ‘All-Time High’ and refers to the highest price a cryptocurrency has ever reached in its entire trading history, representing peak value and often used as a reference point for comparing current prices.
ATL	This is short for ‘All-Time Low’ and refers to the lowest price a cryptocurrency has ever reached in its entire trading history, often viewed by some investors as a buying opportunity but sometimes indicative of a project’s failure.
Atomic Swap	Exchanging a crypto coin or token for another via smart contracts – eliminating the need for a third party.
Atomicity	A blockchain principle ensuring that transactions are treated as single, indivisible units that either complete entirely or fail completely with no partial execution. In crypto casinos, atomicity guarantees that when you place a bet, either the full transaction occurs or nothing happens at all, preventing scenarios where your funds are deducted without the bet being placed.
Back-Running	A form of transaction manipulation where an attacker monitors the mempool and places their transaction immediately after a victim’s transaction to profit from the resulting price movement or state changes. Back-running is often the second half of a sandwich attack on decentralized exchanges designed to extract value from unsuspecting traders.
Bag Holder	Someone who holds a significant amount of an asset that has declined dramatically in value with little prospect of recovery, often from buying near the peak. Bag holders are typically stuck holding their positions at losses, unable to sell without realizing major losses. The term is often used mockingly in crypto communities to describe investors who bought into hype projects right before crashes.
Bagholder’s Remorse	The regret and frustration experienced by investors who bought cryptocurrency near the peak price only to watch it crash substantially in value. This emotional state often leads to poor decisions like panic selling at bottoms or holding too long hoping for recovery.
Bankroll	The total amount of money a player designates specifically for gambling activities, which should be managed carefully to prevent excessive losses.
Based	Internet slang adopted by the crypto community to describe someone who expresses authentic opinions and stands by their principles regardless of popular opinion or social pressure. In crypto culture, being “based” means you’re not swayed by FUD or hype, making your own decisions based on research rather than trends.
Batched Transaction	Multiple smaller transactions grouped into a single bigger one for increased efficiency.
Bearish	A market sentiment or price pattern indicating falling prices and negative outlook, where investors expect further declines and often sell holdings to avoid losses. Technical analysts identify bearish patterns like lower highs and lower lows suggesting continued downward pressure.
Bear Market	A bear market is an extended period when cryptocurrency prices are falling and market sentiment is negative and pessimistic about future growth.
Bear Trap	When a crypto falls in price, fooling investors into thinking it will keep dropping, but then rises considerably.
Betting Odds	Probability representations that describe the likelihood of a particular outcome, expressed in decimal format (like 2.50), fractional format (like 3/2), or American format (like +150).
Bit	1/1,000,000 of a Bitcoin.
Bitcoin (BTC)	Bitcoin is the first cryptocurrency, launched in 2009 and created by the still unidentified Satoshi Nakamoto. At the time of writing, Bitcoin still remains the biggest crypto by market capitalisation, and the most expensive in terms of price.
Bitcoin Cash (BCH)	A crypto created from Bitcoin’s first successful hard fork. Bitcoin Cash removed Bitcoin’s block size limit.
Bitcoin Core	The original Bitcoin wallet.
Bitcoin Network / Bitcoin Protocol	The first blockchain-based peer-to-peer open source protocol. Bitcoin is its native cryptocurrency.
BitcoinQT	A Bitcoin wallet using the core Bitcoin protocol, but with a more visually appealing interface.
Bitconnect	An infamous crypto ponzi scheme that tricked victims out of more than $1 billion before it was shut down in January 2018.
Bitmain	The world’s biggest ASIC miner distributor.
Blackjack	A classic card casino game where players aim to reach 21 or get as close as possible without exceeding that number, competing against the dealer rather than other players.
Block	A data structure containing transaction information, timestamps, and a cryptographic hash linking it to the previous block, creating the immutable chain that gives blockchains their security.
Block Explorer	A site giving users the ability to search a blockchain ledger for a specific address or transaction ID. It allows them to view technical transaction details, but not personally identifiable information.
Block Height	The number of blocks that exist in a blockchain from the genesis block to the current block, essentially the blockchain’s height or total count of blocks ever mined. A higher block height indicates a blockchain has been operating longer and has processed more transactions.
Block Lattice	Designed to make scaling more efficient. Each user account has its own blockchain, which stores transaction data separately from the main blockchain.
Block Reward	This refers to the cryptocurrency awarded to miners or validators for successfully adding a new block to the blockchain and validating all its transactions.
Block Size	The amount of data able to be stored on a single block of a blockchain. Bitcoin’s Block Size limit is 1MB. The more data a block can store, the more transactions can be handled per block.
Blockchain	A distributed digital ledger where all cryptocurrency transactions are recorded across a network of computers, with immutable linking of blocks through cryptographic hashing.
Blockchain 2.0	The second generation of blockchain tech, which went beyond providing a means to store and transfer wealth, by enabling smart contracts. Ethereum is the best known example.
Blockchain Bloat	When the amount of data stored on a blockchain becomes so high it starts to impact performance, like transaction speed.
Blockstream	A company developing second layer scaling solutions for Bitcoin. Its CEO is famous British cryptographer and cypherpunk Adam Back.
Block Time	The average amount of time it takes miners or validators to discover and validate a new block and add it to the blockchain. Faster block times mean quicker transaction confirmations.
Bollinger Bands	A technical analysis tool displaying two standard deviation lines above and below a moving average price, used to identify overbought and oversold conditions.
Bonus	Bonuses are extra incentives offered by casinos to attract new players or retain existing ones, including deposit matches (where the casino matches your first deposit), free spins on slot games, or free bets with no deposit required.
Breakeven	The price point where a player’s total winnings equal their total losses, representing the point of zero profit and zero loss.
Breakout	A price movement where a cryptocurrency breaks above (bullish breakout) or below (bearish breakout) a significant resistance or support level, often accompanied by volume surge. Breakouts often signal the beginning of a new trend or continuation of an existing trend.
Bubble	A market condition where asset prices rise far above their fundamental value, driven by excessive speculation and FOMO, before eventually collapsing.
Bullish	A market sentiment or price pattern indicating rising prices and positive outlook, where investors expect continued gains and actively buy holdings. Technical analysts identify bullish patterns like higher highs and higher lows suggesting continued upward pressure.
Bull Market	A bull market is the opposite of bear market. This refers to a time when prices are rising, investor sentiment is optimistic, and the general trend is upward and profitable.
Bull Trap	When a crypto rises in price, fooling investors into thinking it will keep going up, only for it to fall again significantly.
Burn	The process of permanently removing cryptocurrency from circulation by sending it to an inaccessible address, reducing total supply. Some crypto projects use token burns to create scarcity and support price, while some casinos burn tokens earned from rake to support their token price.
Call / Call Option	A financial derivative contract giving the right (but not obligation) to buy an asset at a specific price by a certain date. While casino gambling doesn’t involve call options, some players use options trading to hedge or amplify their crypto positions for casino funding.
Candlestick Chart	A technical analysis chart showing open, high, low, and close prices for each time period as rectangular “candles” with wicks, useful for identifying price patterns.
Card Shark	A skillful or professional card player who has developed advanced expertise in games like poker, blackjack, or baccarat and can consistently win through skill and strategy. Card sharks use techniques like probability calculation, position awareness, and psychological manipulation to gain advantages over recreational players.
Casino	The house or operator offering games and accepting wagers from players, which in the crypto space means platforms accepting cryptocurrency as payment for gaming. Casinos can be centralized platforms run by a company or decentralized dApps running on smart contracts without a central operator.
CEX (Centralized Exchange)	A cryptocurrency trading platform operated by a central company that holds custody of user funds, like Binance or Coinbase, where most people buy crypto before depositing at casinos.
Chain Reorganization	When a blockchain network abandons one version of the chain in favor of a longer or more valid alternative chain, which can cause previously confirmed transactions to become unconfirmed. Reorgs happen when a minority chain becomes longer than the majority chain, forcing nodes to reorganize and accept the longer chain as valid.
Chop / Chopping	A sideways price movement within a range where the asset lacks clear directional trend, frustrating trend traders seeking movement.
CMC (CoinMarketCap)	The most popular cryptocurrency price tracking and data website providing real-time prices, market caps, trading volume, and historical data for thousands of cryptocurrencies.
Coin	A cryptocurrency using its own blockchain.
Cold Wallet / Cold Storage	A cold wallet stores private keys offline (using hardware devices like Ledger or Trezor, or paper wallets) for maximum security. Cold wallets protect against hacking and online theft but are inconvenient for frequent transactions
Collateral	Cryptocurrency assets that borrowers lock up as security when obtaining a loan from DeFi protocols, which can be automatically liquidated if the collateral value falls below a certain threshold.
Collateralization Ratio	The percentage of collateral value relative to loan value in DeFi lending, typically requiring 120-150% or more to reduce lender risk and protect against price volatility.
Comp Points	Reward points earned through regular play at casinos that can be redeemed for bonuses, free spins, or cash prizes, functioning as a loyalty program. Accumulating comp points incentivizes players to keep playing and return to the same casino rather than switching to competitors.
Confirmation	When a blockchain transaction is verified and added to a block, with more confirmations indicating greater security and finality.
Consensus Mechanism	The method by which a blockchain network verifies and agrees that transactions are valid, with common mechanisms being Proof of Work (solving math puzzles) or Proof of Stake (putting up collateral).
COWL (Crypto Opening Without Liquidity)	A technical situation where a cryptocurrency trading pair opens with very limited liquidity available, creating extreme volatility and potential for flash crashes.
Craps	A popular dice game offered in many casinos where players bet on the outcomes of dice rolls, with complex betting options creating various odds and payout ratios. Many crypto casinos now offer craps with provably fair algorithms guaranteeing fair dice outcomes.
Cross-Chain Bridge	A protocol or service that enables tokens to be transferred and used across different blockchains, allowing assets locked on one chain to be represented on another.
Crypto Casino	An online gaming platform that accepts cryptocurrencies as the primary payment method for deposits, bets, and withdrawals.
Cryptography	The science of code making and code breaking.
Cryptographic Hash Function	Encoding inputs to create unique outputs.
Cypherpunks	Cryptographers who are ideologically opposed to government / corporate surveillance and advocate the use of encryption to protect the privacy of individuals.
Custodial Wallet	A custodial wallet is managed by a third party (like an exchange or casino) that controls your private keys. These wallets are convenient and user-friendly but involve trusting the third party not to lose or steal your funds.
DAG (Directed Acyclic Graph)	A data structure used by some blockchains that allows multiple transactions to be processed simultaneously instead of sequentially in blocks, potentially enabling higher throughput and lower fees.
dApps (Decentralized Applications)	A blockchain-based application that runs on a distributed network rather than centralized servers, with operations controlled by smart contracts rather than a single entity. Decentralized casinos are DApps where betting, payout, and fairness verification all occur through smart contracts, eliminating the possibility of the house changing rules or cheating players.
DAO	Decentralised Autonomous Organisation. An organisation governed by smart contracts with no centralised management.
Data Feed (Oracle)	A trusted external service that delivers real-world data to smart contracts on the blockchain, providing information like cryptocurrency prices, sports scores, or weather data. Oracles like Chainlink are critical infrastructure for crypto casinos that need accurate price feeds to determine game outcomes or settle bets on external events.
Dealer	The casino staff member or automated system managing game play and enforcing rules in table games like blackjack, roulette, or poker.
Decentralised Exchange (DEX)	Decentralised Exchange. A cryptocurrency exchange not controlled by any single company or entity.
Degen (Degenerate)	Short for “degenerate gambler,” this term describes someone who takes big, risky bets with limited regard for proper risk management and accepts gambling as a fast-paced, potentially reckless pursuit. The crypto community often uses this term self-referentially with both pride and self-awareness, acknowledging the high-risk nature of both crypto and gambling.
Decentralised Identity Foundation (DIF)	An organisation promoting the development of an internationally accepted, decentralised identity verification system.
DeFi	Decentralised Finance
Deflation	When a crypto price rises due to limited or decreasing supply. The opposite of inflation.
Delegated Byzantine Fault Tolerance	A widely used consensus mechanism. Professional nodes broadcast their version of the blockchain, and if two-thirds or more of the nodes agree, the block is written onto the central ledger.
Delegated Proof of Stake	A consensus mechanism in which nodes of the blockchain vote on its correct version.
Desktop Wallet	A personal computer based software crypto wallet.
Diamond Hands	A community meme and investment philosophy describing investors who hold cryptocurrency positions steadfastly despite market volatility, price crashes, and social pressure to sell.
Difficulty	The complexity level of the mathematical puzzle miners must solve to add a new block to a Proof of Work blockchain, adjusted regularly to maintain consistent block times.
Difficulty Adjustment	A mechanism that modifies mining difficulty periodically to ensure stable block generation rates regardless of how much total mining power is added or removed from the network.
DigitByte (DGB)	An open-source, proof-of-work blockchain and cryptocurrency launched in early 2014.
Digital Asset	Any digital item that has value. This could be a crypto, an NFT, an audio file, image, design, or text etc.
Digital Asset Array (DAA)	A collection of various cryptocurrencies, for example, a portfolio containing BTC, LTC and AVAX.
Digital Identity	Digital data representing a specific entity.
Digital Signature	Used for digital identities and confirming authenticity, it is a unique, encrypted output.
Digital Wallet Address	A unique alphanumeric combination that acts as an account number for digital asset holdings in a wallet.
Dip	A temporary price decrease within an uptrend before prices resume rising, often viewed as a buying opportunity by bulls. “Buying the dip” is a common strategy where investors purchase during dips expecting recovery.
Directed Acyclic Graphs (DAG)	Also known as “Tangle” – an alternative to the chain of blocks type architecture used by most blockchains.
Distributed Autonomous Company	A distributed organisation that earns profits for its shareholders on the free market. Shareholders are the network coin holders.
Distributed Network	A network comprising multiple nodes, spread over a wide geographical range.
Double Spending	The theoretical risk of spending the same digital currency twice by duplicating transactions, which blockchain technology and consensus mechanisms are specifically designed to prevent.
DPoS	Delegated Proof of Stake
dPoW	Dynamic Proof of Work
Dust Attack	A malicious technique where an attacker sends tiny amounts (dust) of cryptocurrency to numerous wallets to disrupt their normal operation or deanonymize users by linking addresses.
Dump	Offloading or selling crypto. Usually refers to selling a lot and/or quickly.
Dust Transactions	Transactions involving crypto that is normally too small to send because of the fee involved.
DYOR (Do Your Own Research)	A community mantra reminding everyone to thoroughly investigate and understand a cryptocurrency project, casino, or investment before committing funds. DYOR encourages critical thinking rather than blind trust in influencers, developers, or other community members, helping prevent rug pulls, scams, and poor investment decisions.
ERC-20	The Ethereum Request for Comments 20 standard that defines how fungible tokens (interchangeable tokens of identical value) work on the Ethereum blockchain. ERC-20 standardization ensures that tokens created following this standard work consistently with all Ethereum wallets, exchanges, and smart contracts.
ERC-20 Token	A token issued to ERC-20 standard on the Ethereum platform.
Escrow	A custodial service where a neutral third party temporarily holds funds until both parties of a transaction fulfill their obligations, then releases the funds. Some crypto casinos use escrow services for high-value deposits or withdrawals to protect both players and the house from fraud or chargebacks.
Ethereum	The second-largest cryptocurrency by market capitalization and a decentralized platform for building smart contracts and decentralized applications. Many modern crypto casinos are built on Ethereum or Ethereum-compatible blockchains because of its flexibility and robust developer ecosystem.
Ethereum Virtual Machine (EVM)	A virtual component present in every Ethereum node, which can execute bytecode for smart contracts.
Exchange	Online platforms that allow people to buy, sell and trade cryptocurrencies. There are both centralised and decentralised exchanges.
Fattening the Stack	Slang for gradually accumulating and holding cryptocurrency over time, building up a larger position through consistent buying.
Faucet	A service or website that distributes small amounts of free cryptocurrency to users for completing simple tasks like watching advertisements, solving captchas, or taking surveys. Some crypto casinos offer faucets as a way for new players to test games and learn the platform without risking their own money.
Fiat	Traditional currencies, like the US Dollar, British Pound, and Japanese Yen.
Fiat On-Ramp / Off-Ramp	Services that facilitate conversion between fiat currency (government-issued money like USD) and cryptocurrency, enabling the entry and exit points for moving money between traditional finance and crypto. On-ramps typically convert fiat to crypto for casino deposits using credit cards, bank transfers, or other payment methods, while off-ramps convert cryptocurrency winnings back to fiat for bank accounts.
FIB Level (Fibonacci Level)	Technical levels based on the Fibonacci sequence (0.236, 0.382, 0.500, 0.618, 0.786) where prices often find support or resistance during pullbacks.
Fintech	This is short for ‘Financial Technology’
Finality	The absolute guarantee that a blockchain transaction cannot be reversed, canceled, or altered after reaching a certain number of confirmations.
Fish	Derogatory slang for a new, inexperienced, or unlucky gambler who is likely to lose money to more skilled players.
Flash Loan	An ultra-fast, uncollateralized cryptocurrency loan available on DeFi protocols that must be borrowed and fully repaid within a single blockchain transaction.
FOMO	This is short for ‘Fear of Missing Out’ and refers to an anxiety-driven psychological state where traders make impulsive investment or gambling decisions based on fear of missing profitable price movements or exciting opportunities.
Forging Reward	Coins paid to those participating in Proof of Stake (PoS) consensus mechanisms.
Fork (Hard)	When a consensus can’t be reached and a blockchain project splits, and the new software is incompatible with the original.
Fork (Soft)	When a consensus can’t be reached and the blockchain project splits, but the new software remains compatible with the original.
Front-Running	A malicious trading practice where an attacker observes pending transactions in the mempool and places their own transaction with higher fees to execute first and profit from the price movement caused by the victim’s larger order.
Founders’ Reward	A percentage of a block reward that is paid to the founders of a cryptocurrency.
Frictionless	Without the hassles and inefficiencies.
FUD	This is short for Fear, Uncertainty and Doubt. It refers to spreading of negative or misleading information about a project, currency, or casino, sometimes deliberately and sometimes unintentionally, to influence sentiment or disrupt market activity.
Full Node	A computer on a blockchain network that downloads and stores a complete copy of the entire blockchain ledger, validates all transactions and blocks, and participates in network consensus.
Fundamentals	The underlying factors determining a cryptocurrency’s or casino’s true long-term value, including technology, development team, adoption, and utility.
Fungibility	The property of a good or commodity having interchangeable and indistinguishable units. For example, it is required for a practical monetary system.
Gas Fees	Transaction fees paid to blockchain validators for processing and confirming operations on networks like Ethereum, calculated based on computational complexity and network congestion.
Genesis Block	The first block in a blockchain, hardcoded into the software and containing the network’s initial parameters and the creation of the first cryptocurrency units.
Grind	A gambling approach involving small, consistent bets over long periods of time, with the goal of slowly building up winnings through steady play rather than big dramatic wins.
Halving	A regular, scheduled process which sees the block reward given to miners slashed by 50%. Bitcoin halves every 4 years.
Hardware Wallet	A physical device to store cryptos. Popular brands include Trezor and Ledger.
Hard Cap	The upper limit of funds a crypto project will accept from investors in exchange for early coins or tokens.
Hash / Hashing	A cryptographic process that converts input data of any size into a unique, fixed-length string of characters (a hash) that serves as a digital fingerprint.
Hashgraph	Another consensus alternative. Unlike blockchain, which links transactions to previous ones, making a ‘chain’, hashgraph uses a gossip protocol to send data to randomly chosen transactions across the network.
Hash Rate	The total computational power used by all miners in a Proof of Work network, measured in hashes per second, kilohashes, megahashes, or higher units.
Hashing Power	How powerful a mining machine is. The blockchain equivalent of a vehicle’s Horsepower.
Haskell	A programming language used by a number of cryptocurrencies.
Hedge / Hedging	Taking a position that offsets or reduces the risk of an existing position, though complete risk elimination isn’t possible.
HMRC	Her Majesty’s Revenue and Customs. The UK equivalent to the United States’ IRS.
HODL	An intentional misspelling of “hold” that has become a rallying cry for not selling cryptocurrency during downturns, regardless of losses, based on the belief that long-term holding will ultimately be profitable.
Horizontal Resistance / Support	Price levels where a cryptocurrency has historically bounced up (support) or bounced down (resistance) multiple times, creating horizontal lines on charts.
Hot Wallet	An online crypto wallet. These are convenient and popular, but less secure than offline cold wallets.
House Edge	The built-in statistical advantage that casinos have over players in any game, expressed as a percentage of every wager the house expects to keep over time.
I2P	Invisible Internet Project. A network layer designed to allow censorship resistant communication.
Ichimoku Cloud	A comprehensive technical indicator combining five lines to display support/resistance, trend direction, momentum, and volatility in a single visualization called a “cloud.”
Illiquidity	When a crypto becomes difficult to buy or sell because of a lack of market participants. If there are too few sellers, it can drive prices up. If there are too few buyers, it can drive prices down.
Immutable Ledger	The unchangeable data recorded on a blockchain.
Inflation	Increasing the supply of a crypto, which reduces the real value of a single unit.
Initial Public Offering (IPO)	When a company lists on a stock exchange (‘goes public’), it offers a certain amount of stock at a special price to raise funds. Thereafter, the market determines the price.
Jeet/Jit	A derogatory term for someone who sells their cryptocurrency assets too early, typically at a loss or before major price appreciation, missing out on larger potential gains.
JOMO (Joy of Missing Out)	The opposite of FOMO, representing contentment and peace of mind from missing out on speculative trades or gambling opportunities that would have resulted in losses. Experiencing JOMO means you correctly avoided a bad trade or casino session that turned negative.
Keylogger	Software, often maliciously installed by hackers, used to track every keystroke.
Kraken	One of the most popular centralised cryptocurrency exchanges.
KYC	Regulatory requirement and casino procedures where users must verify their identity by submitting government-issued ID, proof of address, and sometimes other documents before gambling or trading.
Lambo / Wen Lambo	A metaphor where “Lambo” (short for Lamborghini, a luxury sports car) represents extreme wealth and financial success, with “When Lambo?” asking when you’ll become rich enough to afford one.
Layer 2	Secondary blockchain systems built on top of main blockchains (like Arbitrum and Polygon on Ethereum) that process transactions off-chain before settling batches on the main chain.
LFG (Let’s F*ing Go)	A hyped rallying cry expressing enthusiasm, excitement, and readiness to engage in something, particularly before a big bet or trading opportunity.
Liquidity	Liquidity refers to the availability of assets for trading, betting, or withdrawal; high liquidity means assets can be quickly bought, sold, or withdrawn.
Liquidity Crunch	A situation where trading volume dries up and there’s insufficient liquidity to execute transactions without major price impact, often during market crises.
Leverage	Using borrowed money to amplify trading position size, increasing both potential profits and potential losses. For example, 5x leverage means you’re controlling 5x your account size, magnifying both gains and losses five-fold.
Lightning Network	A second layer network that sits on top of Bitcoin. It allows many small transactions to accumulate before batch processing as one bigger transaction, thus significantly reducing fees.
Limit Order	An instruction to buy or sell cryptocurrency at a specific price or better, only executing if the market reaches that price.
Long	Going ‘long’ means you buy a crypto with the intention of holding it for a long time, before selling for a profit.
Mainnet	The live, production blockchain network where real transactions occur and actual value is exchanged, as opposed to testnets used for practice with worthless test tokens.
Maximal Extractable Value (MEV)	The maximum amount of value that blockchain validators or miners can extract by reordering, including, or excluding transactions in a block to profit from the order dependence of transactions.
Margin Call	A requirement from exchanges to deposit additional funds when leveraged positions move against you, or else the position will be closed to limit losses.
Margin Trading	Buying and selling assets with borrowed funds.
Market Cap	The total value, at a given point, of all the supply of a specific cryptocurrency.
Market Order	A pre-set trade that will only execute if the crypto involved reaches a specified price.
mBTC	1/1,000th of a Bitcoin.
Masternode	A core node that runs the complete software for a crypto.
Mempool	A waiting area where unconfirmed blockchain transactions are temporarily stored before miners or validators select them to add to a block, often called a “transaction pool.”
Metaverse	A virtual space in which users can interact. Often used to describe vast virtual ecosystems, or even one huge, global parallel digital world.
Merged Mining	When two different cryptos are mined simultaneously, because they use the same consensus algorithm.
Merkle Root	A single hash representing all transactions in a block, created by recursively hashing pairs of transactions up through a tree structure, and used to verify that no transactions have been altered.
Merkle Tree	A hash-based data structure using paired hashing to efficiently verify that large datasets haven’t been tampered with, with each parent node’s hash representing the combined hashes of its children.
Micro-transaction	A very small transaction
Miner	An individual or entity that provides computing power to verify blockchain transactions in exchange for block rewards. Some miners are individuals, but increasingly, they are large companies with thousands of mining rigs.
Miner Fee	A fee paid to miners for the use of their computing power to verify transactions.
Mining	The process of validating transactions and adding new blocks to a Proof of Work blockchain by running specialized software that solves complex mathematical puzzles to find valid blocks.
Mining Pool	A collective that combines their mining rigs to get better results.
Mining Rig	A computer used for crypto mining. Some are specially built  just for mining, others are multi-use machines.
Minting	Verifying transactions on a Proof-of-Stake blockchain and receiving new coins as a reward.
Mixing Service	A third party service that groups crypto payments together, to help obscure their origins and enhance anonymity.
Mnemonic	A set of random words, normally between 12 and 24, that can be used to recover a crypto wallet or account.
Mobile Wallet	A crypto wallet designed for mobile devices.
Moon / To the Moon	An expression of joy and optimism about a cryptocurrency’s price surging dramatically upward, metaphorically launching “to the moon” from Earth.
Moving Average (MA)	A line showing the average price over a specific period (like 20-day MA or 200-day MA), used to identify trends and smooth out price noise.
Multi-Layer	A blockchain with more than one layer. Additional layers are often to improve security and scalability.
Multisig / Multi-Signature	A wallet or smart contract requiring multiple private keys to authorize transactions, such as requiring 2-of-3 or 3-of-5 signatures to execute a transfer.
Network Effect	How cryptos become more attractive and useful as more people adopt them. Otherwise known as ‘success breeds success’.
NGMI (Not Gonna Make It)	Pessimistic slang indicating skepticism that someone or a project is unlikely to succeed financially or achieve their goals.
Node	A computer participating in a blockchain network that validates and shares transaction and block data, with different node types having different responsibilities.
Nonce	A cryptographic term describing an arbitrary number that is used one time only in order to remove the potential for replay attacks.
Non-fungible Token (NFT)	A unique digital asset recorded on a blockchain that represents ownership of specific content or items, where each NFT is distinct and cannot be exchanged one-for-one with another NFT.
Off-Chain Transactions	Transactions that take place off the blockchain in order to reduce fees and transaction times.
Open Source	Software that is freely available, allowing anyone to view its code and suggest improvements.
Orphan	A block that has been removed from the original blockchain after failing to be verified by the required majority of miners.
OTC Exchange	Over the Counter Exchange. An OTC service allows trading between two specific parties, rather than on the main exchange. OTC services are normally used by institutions and high net worth clients.
Overbought	A technical condition where price has risen sharply and is expected to pullback or reverse soon, typically identified by indicators like RSI above 70.
Overcollateralization	A lending practice where borrowers post collateral that exceeds the loan value (typically 120-150% or more) to reduce lender risk and protect against price volatility.
Oversold	A technical condition where price has fallen sharply and is expected to bounce or reverse soon, typically identified by indicators like RSI below 30.
Paper Hands	A derogatory term for investors who panic-sell cryptocurrency quickly during downturns and market crashes, often at significant losses. Paper hands lack conviction and emotional discipline to hold through volatility, contrasting sharply with “diamond hands” who maintain positions through turbulence.
Parlay	A type of sports or gambling bet where winnings from one wager are automatically staked on the next bet, increasing both potential payouts and risk.
Paper Wallet	A crypto wallet, with private key and public key, written on a physical piece of paper.
Parent Chain	The main blockchain of a crypto, connecting other sidechains/subchains.
Peer to Peer (P2P)	Decentralised networks, allowing individuals to interact directly with no need for a central authority.
Pennant	A chart pattern resembling a flag’s pennant where price consolidates in a narrow triangle following a sharp move, often followed by a continuation of the previous trend.
Passphrase	Like a password, but consisting of several words.
Peercoin (PPC)	A crypto that uses both Proof of Work and Proof of Stake.
Permissionless	A public blockchain on which anyone is free to generate an address and transact.
Permissioned System	A private, closed network requiring permission to join.
Phishing Attack	One of the most common types of attack, where a crook impersonates a legitimate person or company in order to try and steal information like passwords.
PoI	Proof of Importance. An alternative consensus algorithm that goes beyond Proof of Stake, by also giving weight to the level of involvement in the network.
Ponzi Scheme	A scheme in which organisers promise high returns to investors, and initially pay those returns using money from new investors. However, it can only sustain itself as long as there is an ever increasing supply of new investors. When there aren’t enough new investors, it collapses and investors lose their money.
Pre-Sale	When tokens are offered before launch, normally at a discount to encourage interest in a project.
Privacy Coin	A crypto that provides a very high level of privacy during transactions, like Monero and ZCash.
Private Key	A private key is your secret cryptographic code that unlocks and controls your cryptocurrency funds and signs transactions.
Progressive Jackpot	A prize pool that grows every time a game is played, accumulating money from each player’s wager until someone wins the entire jackpot, at which point it resets. Progressive jackpots create huge prize pools by aggregating contributions from many players, often reaching life-changing amounts.
Proof of Burn (PoB)	A consensus mechanism which involves miners sending coins to unspendable addresses – i.e. ‘burning’ them.
Proof of Importance (PoI)	A consensus mechanism similar to Proof of Stake, but which gives weight to an individual’s level of support.
Proof of Provenance (PoP)	A consensus mechanism used to track movements, ownership and security of physical assets.
Proof of Stake (PoS)	A consensus mechanism where validators are chosen to create new blocks based on how much cryptocurrency they “stake” or lock up as collateral, with higher stakes increasing chances of selection.
Proof of Stake and Trust (PoST)	An alternative consensus mechanism which gives weight to nodes’ performance history, giving higher rewards to the more reliable ones.
Proof of Work (PoW)	A consensus mechanism requiring miners to solve complex mathematical puzzles to validate transactions and create new blocks, where solving the puzzle is computationally expensive and time-consuming.
Provably Fair	A blockchain-based system that allows casino players to independently verify the fairness of each game outcome, ensuring the casino didn’t secretly manipulate results.
Pseudonymous	Not quite truly anonymous, but identities are obscured.
Public Key	An address that can be shared in order to receive crypto transfers from others.
Pump	A sharp, sudden price increase, often manipulated through coordinated buying, shilling, or positive news to artificially inflate prices.
Pump and Dump	A market manipulation scheme where orchestrators artificially inflate the price of a low-value cryptocurrency through hype and false claims, then sell their holdings at the peak price, causing the price to crash and hurting latecomers.
QR Code	A printed or on-screen graphical code that can be read by smart devices via a camera.
Quantum Computing	A new, vastly more powerful form of computing. Still extremely expensive, quantum computers are nevertheless becoming a commercial reality, and potentially pose a serious threat to the security of cryptocurrencies.
Quantum Resistant Tokens	Tokens created using Quantum Resistant Ledger. Designed to be resistant to the emerging threat of attack from incredibly powerful quantum computing machines.
Rake	A percentage cut taken by a casino from each pot in poker games or from certain casino game payouts, representing the house’s revenue.
Rebound	A price recovery after a decline, bouncing upward toward previous levels or resistance. Rebounds are natural and expected market movements, though they don’t always lead to full recovery.
Rekt (Wrecked)	Slang for suffering significant financial losses, often due to market volatility, poor trading decisions, liquidations, or scams. Getting “rekt” means being financially devastated, sometimes in a short period; the term is common in crypto trading and gambling communities when discussing catastrophic losses.
Resistance	A price level where selling pressure historically overcomes buying pressure, preventing prices from rising above that level. Breaking through resistance often leads to higher prices as sellers are exhausted.
Reversal	A significant change in price direction from uptrend to downtrend or vice versa, often confirmed by technical patterns or indicators.
RNG	Random Number Generator
RSI (Relative Strength Index)	A momentum indicator ranging from 0-100, where RSI above 70 suggests overbought conditions and RSI below 30 suggests oversold conditions. RSI helps identify potential reversal points and trend strength.
RTP (Return to Player)	A measure of a game’s fairness expressed as the percentage of all wagered money that a casino game theoretically returns to players over time.
Roadmap	A detailed plan for a crypto project, setting out goals, deadlines and strategy.
Roger Ver	One of the first big Bitcoin investors, known as ‘Bitcoin Jesus’.
Rug Pull	A scam where cryptocurrency project creators abandon the project and steal investor funds, typically by draining liquidity pools or disappearing with raised capital.
SAFU (Secure and Fund U)	A community phrase and meme emphasizing the importance of cryptocurrency security and safe fund management, often used to reassure users about platform safety.
Sandwich Attack	A DeFi exploit where an attacker places one order before a victim’s transaction and one after it (“sandwiching” the victim), manipulating prices to profit from the victim’s price impact.
Satoshi	The smallest subunit of Bitcoin – 1/100,000,000 of a Bitcoin.
Satoshi Nakamoto	The pseudonym of the still unidentified creator of Bitcoin.
Scalability	The ability of a cryptocurrency to handle more users and transactions. This is especially crucial in cryptos designed for daily use.
Scamcoin	An altcoin designed solely to make money for its creators.
Scrypt	A RAM-intensive hash function designed to dissuade hacking attempts. Used by Litecoin.
SEC	Securities and Exchange Commission. The US federal agency responsible for preventing market manipulation.
Security	A financial instrument, including digital ones, that has monetary value and can be purchased, sold and traded. In some jurisdictions, notably the US, there is an ongoing debate about which cryptocurrencies should be classed as securities.
Seed	A password or phrase used to recover crypto wallets.
SegWit	Segregated Witnesses. A Bitcoin protocol enabling more transactions to be written in a single block, thereby increasing transaction speed.
Self-custody	When an individual or entity holds their own crypto, and is responsible for the security and management of their own private key.
SHA-256	Secure Hash Algorithm 256. Used by a number of PoW consensus mechanisms, including Bitcoin’s.
Shapeshift	An exchange service that enables people to trade many altcoins anonymously. Built-in to some wallets, including Exodus.
Sharding	Splitting a database into smaller data sets, used to improve speed and scalability of some cryptocurrencies.
Shill	Someone who masquerades as a genuine user, customer or supporter, but is actually being paid to help influence opinion or promote a product.
Shitcoin	A derogatory term for a cryptocurrency with little to no value, credibility, or genuine utility, often lacking transparent development plans and sustained primarily by hype.
Short	Deliberately selling an asset before it falls in price, then rebuying it at a lower price, thus realising a profit while still ending up with the asset. Often employed by crypto and stock traders.
Sidechain	An additional platform that operates alongside the Mainnet of a protocol. Used for increasing capacity, making transactions faster, more privacy etc.
Signature	A maths mechanism that confirms authenticity by combining a public address with a private address.
Silk Road	An online black market that existed on the Darknet from February 2011 to October 2013. Best known as a place to buy illegal goods and services, it was one of the first places to see widespread Bitcoin use.
Slippage	The difference between the expected execution price and the actual execution price when trading on decentralized exchanges, caused by the price moving between transaction submission and execution.
Small Blocker	Someone who feels Bitcoin blocks should be kept small to make it easier to run full nodes.
Smart Contracts	Self-executing/cancelling contracts running on generation 2 and later blockchains – the most widely used being Ethereum.
Smart Media Token	A digital asset on the Steem blockchain. Designed to enable the monetisation of online content.
Soft Cap	A minimum level of funding required to be raised in an ICO. If the Soft Cap isn’t reached, the ICO will likely be delayed.
Solidity	A programming language used to write smart contracts on the Ethereum blockchain and other blockchains, with syntax similar to JavaScript.
SPV	Simplified Payment Verification. When wallets connect to local nodes that are running full copies of a blockchain, rather than having to download the full blockchain.
Stablecoin	A cryptocurrency that is pegged to another asset, for example the US dollar, to ensure relative stability.
Staking	Locking up coins or tokens to support Proof of Stake consensus mechanisms. Stakers earn rewards, often more coins, for doing this.
Staking Rewards	Given to those who stake cryptos to help confirm transactions on Proof of Stake blockchains.
Support	A price level where buying pressure historically overcomes selling pressure, preventing prices from falling below that level.
Tangle	Another alternative consensus mechanism, designed to be more energy efficient than Proof of Work.
Testnet	A practice blockchain network that replicates the mainnet but uses worthless test tokens, allowing developers and players to test applications and features without risking real money.
Technical Analysis	The practice of predicting future price movements by analyzing historical price charts, patterns, and technical indicators. Technical analysis assumes price trends and patterns repeat historically and contain predictive information.
Tether (USDT)	A stablecoin, pegged or ‘tethered’ to the US Dollar on a 1-to-1 basis.
Token	Any digital asset built on a blockchain representing an asset or utility, such as casino chips, loyalty reward points, governance rights, or in-game currencies.
Tokenise / Tokenize	Creating digital assets to represent physical or other non-digital assets.
Tokenomics	‘Token’ combined with ‘economics.’ The study and design of how tokens are created, distributed, used, and valued within a blockchain ecosystem, including supply mechanics, inflation rates, and utility.
TOR	The Onion Router. A web browser specifically designed to give anonymous access to the Darknet – the part of the internet not indexed by mainstream search engines.
Total Coin Supply	The total number of coins that can exist of a given crypto. For example, when mining has been completed, there will be 21 million Bitcoin.
TPS	Transactions Per Second
Transaction Fee	A fee for transacting on a blockchain.
Trailing Stop	A stop-loss order that automatically adjusts as price rises, moving up but never down, protecting profits while still allowing upside capture.
Trendline	A line connecting two or more price points showing the general direction of price movement (uptrend, downtrend, or sideways).
Trezor	Popular crypto hardware wallet brand.
Triangle	A chart pattern where price consolidates between converging support and resistance lines, often followed by breakout in the direction of the previous trend.
Trustless	A transaction system that can be trusted without the need for individuals participating to trust each other.
Turing Completeness	Named after English mathematician and computer scientist Alan Turing, it refers to a coding language that can perform a full range of computational functions.
Two-Factor Authentication (2FA)	Security measure to make accounts more secure – requires two different types of information to login. For example, a password and an authenticator code.
UIA	User-Issued Assets (BitShares network tokens)
Unstoppable Code	Software code that effectively can’t be stopped once it is released and distributed.
UTXO	Unspent Transaction Output
Vanity Address	Crypto addresses made up of specific words or phrases.
Velocity of Money	The rate at which currency is exchanged.
Volatility	A measure of payout “choppiness” in games – high variance means rare big wins and frequent small losses, while low variance means frequent small wins.
Volatility Index (VIX)	A measure of expected volatility often used as a gauge of market fear or panic, where higher VIX indicates expected higher volatility.
Volume	The total number of coins or shares traded during a specific period, indicating the strength and conviction behind price moves.
V-Shaped Recovery	A price pattern where an asset crashes sharply then recovers equally sharply in a “V” shape, bouncing off the bottom quickly.
WAGMI (We’re All Gonna Make It)	An optimistic rallying cry expressing solidarity and collective belief that everyone in the crypto community will achieve financial success despite current challenges.
Wagering Requirements	The number of times you must play through bonus funds before you’re allowed to withdraw them, for example a $100 bonus with 30x wagering requires $3,000 in total bets before withdrawal.
Wallet	Software, hardware (or paper) containing public and private keys, enabling the storing of cryptocurrencies.
Web3	The next generation of the World Wide Web, including techs like decentralisation, blockchain, and tokenomics.
Whale	An individual or entity with large amounts of cryptocurrency (or big casino bets) who can influence market movements or affect casino operations.
Whale Watching	Monitoring large transactions or holdings by major players (whales) to predict their next moves or understand market sentiment.
Whipsaw	A rapid price reversal that traps traders on both sides—traders taking long positions before the reversal get whipped around as prices reverse.
White Paper	Technical document detailing a crypto project.
Wick / Shadow	The thin line above or below a candlestick’s body showing the highest/lowest price reached during that period before closing elsewhere.
Wrapped Token	A tokenized version of another cryptocurrency on a different blockchain, representing the original asset but allowing it to be used on the new chain.
Wyckoff’s Price Cycle	A classic technical theory describing accumulation, mark-up, distribution, and mark-down phases of price movement in markets.
Yield Farming	The practice of earning rewards by depositing cryptocurrency into DeFi protocols that distribute returns through interest, fees, or newly minted tokens. Yield farmers lock funds in smart contracts that generate percentage-based returns, and some advanced players use farming rewards to fund their casino accounts.
Zero Confirmation Transaction	A payment that is pending inclusion on a blockchain.
Zk-SNARKs	Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. A tech designed to shield crypto transaction info from third parties.
$5 Wrench Attack	Refers to brute physical attacks on people to get them to hand over passwords and credentials.
51% Attack	When an entity gains control of over half of a crypto’s hashing power, and is thus able to rewrite old blocks and double spend. Virtually impossible with large decentralised networks, because it would cost more to do than could possibly be gained.

Author

Nitisha

Crypto Research Lead

Nitisha is an experienced iGaming content professional who produces strategic content for casino affiliates and operators. She focuses on creating localized, transparent, and compliant user experiences that support responsible gambling. Her expertise covers the entire player journey (from onboarding to VIP retention) through data-driven storytelling and optimized reviews. She has collaborated with major industry brands, producing multilingual content for European and Asia-Pacific markets.

[email protected]