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Pair

In its most basic sense, a pair refers to a trade that takes place between two distinct financial assets (for example BTC/USD, BTC/ETH).

Paper wallet

It is a basic physical crypto storage solution that contains a user’s private key.

Peer to peer

It is a decentralized mode of interaction that takes place between two parties operating within a distributed network.

Permissioned Ledger

As the name clearly implies, it is a ledger system that comes pre-built with certain restrictions so that only a few people with the required authorization can access it.

Platform

It is a vague term that may be used to describe a specific digital service, cryptocurrency exchange, or any other medium related to a host of defined technological domains.

Ponzi Scheme

It is a fraudulent scheme that has been perpetrated by a company or startup. It entails investors being promised handsome rewards/incentives for onboarding new recruits.

Portfolio

It is a collection of digital currencies that are held either by an individual or an investment collective (such as a hedge fund).

Pre-mine

The term pre-mine is used when a fraction (or entire amount) of a project’s token supply is generated before its public launch. The practice is usually employed for purposes such as crowdfunding and marketing.

Pre-sale

As the name suggests, it is a sale that is facilitated before an ICO is made available to the masses.

Private blockchain

a fully private blockchain is a blockchain where write permissions are kept centralized to one organization. Read permissions may be public or restricted to an arbitrary extent. Likely applications include database...

Private key/Secret Key

A piece of code generated in the asymmetric-key encryption process, paired with a public key, to be used in decrypting information hashed with the public key.

Proof of Authority

A Proof of authority is a consensus mechanism in a private blockchain which essentially gives one client(or a specific number of clients) with one particular private key the right to make all of the blocks in the...

Proof of Burn(PoB)

PoB is a consensus mechanism that seeks to bootstrap one blockchain to another by making sure that a certain cost is levied during the native token burning process.

Proof of Developer(PoD)

It is a blockchain consensus protocol that provides users with evidence of a real, living software developer being involved in the creation of a particular cryptocurrency.

Proof of Work(PoW)

A blockchain consensus mechanism involving solving computationally intensive puzzles to validate transactions and create new blocks. *, see Proof-of-Stake (PoS).

Proof-of-stake (PoS)

A blockchain consensus mechanism involving choosing the creator of the next block via various combinations of random selection and wealth or age of staked coins or tokens. *see Proof-of-Work (PoW).

Protocol

It is a common term that seeks to define a set of rules that are used to govern particular interactions on a specific digital ecosystem. From a crypto standpoint, a protocol entails the use of certain consensus...

Pseudonymous

It is an English term that describes the use of an anonymous identity by an individual for various privacy-related reasons (for example: Satoshi Nakamoto)

Public Address

It is a digital location that allows users to facilitate a payment request in a streamlined, hassle-free manner. From a more technical standpoint, we can define a public address as being a cryptographic hash that is...

Public Key

A public key is an address where an investor can receive digital currencies. This public key, like the private key, is a combination of numbers and letters.

Pump and Dump Scheme

A form of securities fraud involving the artificial inflation of the price of a cryptocurrency with false and misleading positive statements in order to sell previously-cheaply purchased stock at a higher price.