Decryptopedia™

Terms that start with “D”

1. Daily (D)

   Represents data from the past 24 hours plotted as a single data point. In charting specifically, the Daily is a common time frame used by traders to review a digital asset’s price movements plotted in 24-hour intervals. Each bar, candle, or column represents price action from the last 24 hours.

2. Dark Web

   A collection of several thousand hidden websites that are “online”, where someone can buy drugs, guns, stolen identities, social security numbers, hacked website credentials, and all matters of other illegal items using cryptocurrencies like bitcoin (BTC). Silk Road is the most famous Dark Web online marketplace that gained notoriety after being shut down by the FBI in 2013.

3. Data Center

   In crypto mining, Data Centers are custom facilities that house large scale installations of cryptocurrency mining operations. These data centers are normally designed to efficiently run mechanical, electrical, and plumbing systems associated with crypto mining operations. The more computers and servers a data center holds, the more hash power the data center has to utilize for mining

4. Day Trading

   Day Trading is the practice of buying and selling cryptocurrencies in a single day. Day traders use intraday strategies to profit on small movements in price that happen frequently in liquid and volatile markets like the cryptocurrency market.

5. Dead Coin

   Any coin or token that is no longer in use. Various reasons exist why a coin is no longer viable, including,being an outright scam, developers abandoning the project, the official website of a coin being offline or unreachable, funding for the development team drying up, and several others.

6. Decentralized Finance (DeFi) 

   A new way of providing financial services to the masses, minus the middleman in many cases. Think of traditional financial services like money exchange and transfers, savings and lending, but now they’re online and digital, global and easily transferrable. They’re also programmable, allowing them to be interconnected to other services via different protocols, all existing on the blockchain

7. Desktop Wallet

   A common type of crypto wallet used to securely store and manage your private keys on a computer hard drive. They’re considered more secure than web-based wallets, since you can only access them from wherever your computer is located, and again, you control your private keys.

8. Diamond Hands

   Slang used to refer to cryptocurrency traders who hodl no matter what is going on with the price of the digital asset they’re holding.

9. Digital Currency

   Digital Currency, also called digital cash, digital money, or virtual currency is any form of currency or money-like asset that’s only available in purely digital or electronic form.

10. Digital Currency Group (DCG)

    A U.S.-based conglomerate of 7 cryptocurrency-focused companies, including Genesis, Grayscale, Coindesk, Foundry, TradeBlock, and HQ. DCG’s mission is to incubate, acquire and operate businesses that provide financial and professional services to financial institutions, corporations, and startups.

11. Distributed Ledger Technology

    A database that is used to record transactions across a network of devices, usually computers or servers. “Distributed” refers to how the nodes (or computers or servers) of the network are designed architecturally, and where they are located geographically. “Ledger” in this context, and traditionally, simply refers to a centralized database that is used to store financial records, such as a company’s financials, liabilities, revenues, owner’s equity, and other financial information. Now, combine the two ideas and you have a ledger that is distributed across many devices, instead of one device, in many different locations, possibly around the world. Even if one of those locations disappears, or a computer or server goes down, the ledger is still intact, still secure, and the data stored within the ledger can still be processed, validated, and authenticated to.

12. Do Your Own Research (DYOR)

    DYOR is advice generally given to anyone getting involved in the cryptocurrency markets with real money, advising them to research topics on their own instead of simply believing some random Twitter account, Facebook article, or YouTube influencer.

13. Dogecoin (DOGE)

    The most famous meme coin around, an altcoin that was started in 2013 as a joke that’s represented by a Shiba Inu dog

14. Double Spend

    Double-spend is a flaw with digital currencies that occurs when someone tries to use the same money for two different transactions at the same time. A double-spend can happen by accident or it can happen deliberately, whereby someone tries to trick the network.

15. Dump

    When a lot of selling of a cryptocurrency takes place all at once. This can happen across a single cryptocurrency, an entire sector like DeFi, Gaming, or Metaverse, with an entire ecosystem like Ethereum, or with all cryptocurrencies simultaneously. The dump usually causes sharp spikes down in price, often causing more investors and traders to sell off, reinforcing the selling pressure.