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FinchTrade
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Glossary

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Candlesticks

Candlesticks are charting tools used in financial markets to represent price movements of an asset over a specific period, showing the opening, closing, high, and low prices.

Casascius Coin

A Casascius Coin is a physical Bitcoin token created by Mike Caldwell, containing a tamper-evident hologram and a private key for accessing digital Bitcoin.

Ciphertext

Ciphertext is the result of encryption, where plain text is transformed into an unreadable format using an algorithm and a key. This process ensures that the information remains confidential and can only be deciphered by someone who has the appropriate decryption key. Ciphertext is crucial in securing sensitive data in various fields, including communications, finance, and personal information.

Cloud Mining

Cloud mining is a process of cryptocurrency mining utilizing remote data centers with shared processing power, allowing users to mine without managing hardware.

Code Repository

A code repository is a centralized digital storage space where developers can manage, store, and track changes to their codebase. It facilitates version control, collaboration, and code sharing among team members, ensuring that all contributions are documented and integrated seamlessly. Popular platforms for code repositories include GitHub, GitLab, and Bitbucket, which offer tools for issue tracking, code review, and continuous integration to streamline the development process.

Coinbase Transaction

A Coinbase Transaction is a special type of transaction in the blockchain, particularly in Bitcoin and other cryptocurrencies, that is used to reward miners for successfully adding a new block to the blockchain. Unlike regular transactions, it does not have any inputs and is created by the miner. The reward typically includes both the block subsidy (newly created coins) and the transaction fees from all the transactions included in the block. This transaction is essential for the distribution of new coins and incentivizing miners to maintain the network.

Cold Storage

Cold storage in the context of cryptocurrency refers to the practice of keeping private keys—the secret codes that enable spending of cryptocurrency—offline, away from any internet-connected devices. This method is used to protect cryptocurrencies from hacking, theft, and other forms of unauthorized access that could occur if the keys were stored online (in what is known as "hot storage").

Cold Wallet

A Cold Wallet is a type of cryptocurrency storage solution that is not connected to the internet, providing enhanced security against hacking and online threats. It typically involves hardware devices, paper wallets, or other offline methods to store private keys, making it an ideal choice for long-term storage of digital assets. Cold wallets are favored by investors who prioritize security over convenience.

Collateralization

Collateralization is the use of an asset to secure a loan or other credit, reducing the lender's risk by providing a claim on the asset if the borrower defaults.

Confirmations

In the context of blockchain and cryptocurrency, confirmations refer to the number of times a transaction has been verified and included in a block by the network. Each time a new block is added to the blockchain, all the transactions in that block are confirmed, and the confirmations of all previous transactions are incremented by one

Consortium Blockchain

A Consortium Blockchain is a type of blockchain network where the consensus process is controlled by a pre-selected group of nodes or organizations, rather than being open to the public or fully decentralized. This semi-decentralized approach allows for greater control, enhanced security, and improved efficiency, making it ideal for industries that require collaboration among multiple entities, such as finance, supply chain, and healthcare. Consortium Blockchains offer the benefits of blockchain technology, such as transparency and immutability, while maintaining a level of governance and privacy suitable for enterprise use.

Contract Account

A Contract Account is a financial record used to track the costs, revenues, and profitability associated with a specific contract or project.

Coordinator

In the context of cryptocurrency, particularly in decentralized networks, a coordinator can refer to a central entity or mechanism that helps manage or facilitate certain processes within the network. The role of a coordinator can vary depending on the specific blockchain or protocol.

Core Wallet

A Core Wallet is a type of cryptocurrency wallet that serves as the primary storage and management tool for digital assets. It is typically developed by the official team behind a specific cryptocurrency and offers full node capabilities, meaning it downloads and verifies the entire blockchain. This ensures enhanced security, privacy, and control over transactions. Core Wallets often include features such as transaction history, address book, and the ability to create and manage multiple addresses. They are essential for users who prioritize security and wish to support the network by participating in the validation process.

Corporate Treasury

Corporate Treasury manages a company's liquidity, investments, and financial risk to ensure optimal financial stability and efficiency.

Counterparty risk

Counterparty risk refers to the potential for loss that arises when one party in a financial transaction fails to fulfill their contractual obligations. This type of risk is prevalent in various financial activities, including trading, lending, and derivatives contracts. It is a critical consideration for financial institutions, as the default of a counterparty can lead to significant financial losses and systemic instability. Effective management of counterparty risk involves assessing the creditworthiness of counterparties, implementing risk mitigation strategies, and maintaining adequate capital reserves.

Crypto Points

Crypto Points are digital tokens earned through various activities within a blockchain ecosystem, often used for rewards, incentives, or loyalty programs.

Cypherpunk

Cypherpunk refers to an activist movement that advocates for the widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. Originating in the late 1980s and early 1990s, cypherpunks believe that cryptographic tools can empower individuals to protect their privacy, secure their communications, and resist surveillance by governments and corporations. The movement has significantly influenced the development of technologies such as encrypted email, digital currencies like Bitcoin, and various privacy-focused software.