Crypto Accounting Glossary

Two-Factor Authentication (2FA) is a robust security measure that adds an extra layer of protection to your online accounts and systems.

US Dollar is the official currency of the United States.

USDC is a type of cryptocurrency known as a stablecoin, which has its value pegged to the U.S. dollar.

USDT is a stablecoin cryptocurrency tied to the US Dollar.

UTXO stands for Unspent Transaction Output and refers to the leftover cryptocurrency from a transaction that can be used as an input in a new transaction.

In the context of cryptocurrencies, an unconfirmed transaction refers to a transaction that has been submitted to the network but has not yet been added to the blockchain.

An unrealized gain or loss is the potential profit or loss on an investment that has not been sold yet.

A utility token is a type of digital token that provides holders with access to a service or product offered by the issuer

Volatility refers to the rate at which the price of a cryptocurrency increases or decreases for a set of returns.

A Wallet is a digital tool or software used to store the private key, and manage, create transactions and interact with the blockchains.

A white paper in the cryptocurrency space is a document issued by a project or platform that details its technology, methodology, product, or service.

Yield refers to the earnings generated and realized on an investment over a particular period of time, expressed in a percentage.

Zcash is a digital cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction may remain private. Tracking of Zcash for accounting purposes needs to be done carefully because of the potential for private transactions.

Zero-Knowledge Proofs (ZKP) are cryptographic protocols that allow one party to prove knowledge of something to another party without revealing the actual information.

Zilliqa is a high-performance, a high-throughput public blockchain platform designed to scale and process more transactions per second.