If you have been doing more investigation into the crypto industry, you may have come across some terminology or abbreviations you will want to get familiar with. We have put together a list of some common jargon you will want to know.
1) ATH: All Time High
The highest price point a crypto has been in its history.
2) KYC: Know Your Customer
Identity verification and checks that exchanges and platforms must perform to comply with regulations.
3) TVL: Total Value Locked
Amount of assets being staked in a specific protocol
4) OTC: Over the Counter
Transactions made outside of an exchange through private broker-dealer transactions. Typically used by Institutions, High Net Worth Individuals and Whales for large transactions.
5) ASIC: Application Specific Integrated Circuit
The hardware used for mining Bitcoin or other cryptocurrencies.
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