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Affiliate
Affiliates are individuals or entities that promote cryptocurrency products or services through specific links or codes and earn commissions from successfully converted users. This partnership operates on a performance-based compensation model, commonly structured as fixed fees, percentage of trading volume, recursive commissions, or tiered commission systems.
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Backlog
Backlog refers to the queue of transactions that have been submitted to a blockchain network but are yet to be confirmed and included in blocks. This concept represents the relationship between a blockchain's processing capacity and real-time transaction demand, typically manifesting during network congestion as an increase in pending transactions, resulting in longer confirmation times and higher fees.
Bitcoin Mining
Bitcoin Mining is the process of validating transactions and adding them to the blockchain by solving complex cryptographic puzzles, performed by miners using specialized computing equipment running the SHA-256 hash algorithm, with successful miners receiving block rewards and transaction fees as economic incentives. This Proof of Work mechanism ensures the decentralized security of the Bitcoin network and controls new coin issuance.
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Ether Definition
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain network. It functions as the core economic unit of the Ethereum ecosystem, primarily used to pay transaction fees (known as "gas" fees), incentivize network validators, store value, and serve as the base monetary unit for all applications built on the Ethereum network.
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P&L
P&L (Profit and Loss) refers to the sum of financial outcomes from a trader's investment activities over a specific period, encompassing both realized gains (closed trades) and unrealized gains (open positions). As a core performance metric, it incorporates factors like entry/exit prices, trading fees, funding rates, and leverage costs, reflecting the effectiveness of trading strategies and risk management capabilities.
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What Is a Basis Point
A basis point (bp) is a precise unit of measurement in finance equal to 0.01% or one-hundredth of a percentage point. In financial and cryptocurrency markets, basis points are primarily used to express small percentage changes in interest rates, yields, fees, and other financial metrics, offering greater precision than simple percentage expressions.
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