Bagholder
By CoinGecko | Updated on Mar 03, 2020
A person who holds large quantities, or bags, of a cryptocurrency. Often used to describe such a person when the price of that cryptocurrency is declining.
Related Terms
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Miners
Contributors to a blockchain taking part in the process of mining.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.