Our dictionary

Each transaction in the blockchain has its own unique ID code that is assigned to the operation and will be stored in all subsequent new blocks. Using this ID (see also "TX id") you can view the details of this transfer in a network and to authenticate transactions.

This misspelled term became very popular in the Bitcoin and cryptocurrency world. Whenever a person says in a conversation that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day.

Our API is available for everyone on api.godex.io. It allows you to upgrade your service with Godex instant exchange features. Free ready-to-use solutions for your cryptocurrency business.

"Inputs" is a term commonly used for all transactions with a particular address ever made. These transactions are mostly used to determine the ability of wallet owners to pay with bitcoins, after which they become outputs.

After transaction is included in block, it cannot be recalled or changed by anyone, this is one of main features of blockchain.

JOMO stands for "Joy of missing out"; it is a feeling of happiness and content that comes with the realization that your decision not to participate in certain activity was a smart one. Ever thought about joining that ICO but decided against it, and then it turned out to be a scam? That's JOMO.

KYC (Know-your-customer) is a worldwide policy enforced by financial regulators. Its goal is to fight the usage of cryptocurrencies for money laundering and even terrorism financing. Procedures for user verification and authentication are essential in this process. 

A short name for Automobili Lamborghini, the Italian brand that manufactures sports cars and SUVs. They have entered the world of cryptocurrencies after introducing blockchain technologies to their supply operations. Blockchain helps to verify the authenticity of each vehicle sold.

The limit order is a particular order type used in cryptocurrency trading. With it, anyone can make a purchase or a sale under the specified price or more profitably, but not worse. The fulfillment of this order can be triggered only in the case when the asset reaches the price specified, otherwise, it will stay inactive.

There is no exchange limit on Godex. Only the minimum amount of payment for your transaction to be included in the network.

A measure of how easy some particular assets can be bought or sold and therefore converted into other assets. High liquidity is considered a huge advantage.

A method of increasing overall liquidity; it usually involves using some of the assets with low liquidity as collateral to purchase some highly reliable stocks from an insurance company. The method is often used by organizations struggling with liquidity growth. 

Litecoin cryptocurrency is currently one of the most popular options on the market for those considering investment options. It was initially invented as a peer-to-peer payment option for fast global transactions. Now Litecoin is widely recognized as a valid bitcoin alternative.

Litecoin (LTC) was released in October 2011 by former Google employee Charles Lee as an alternative to Bitcoin. Just like BTC, LTC can be mined, used as currency and transferred for goods and services.

Method of trading using leverage: money provided by third parties, widely used in cryptocurrency trading. Can be both extremely profitable and dangerous, especially in markets with high volatility like the cryptocurrency market. Margin trading basically amplifies the results of any trade conducted, increasing both profits and losses.

A short for "market capitalization," basically a combined value of all the stocks and shares belonging to an enterprise. Can be calculated by multiplying the price of a stock by the overall amount of shares. Generally is used to determine how "big" the company is. 

A market order is the simplest set of instructions specifically created for purchase or sale of assets, used for immediate conduction of operation at current market price, regardless of other conditions. It is mostly used when the necessity of conducting the operation is more important than waiting for an optimal price.

It is an extra unique information that should be included when sending a Stellar Lumens transaction. The Memo has to be included with all XLM deposits to Godex.

An interconnected set of nodes in "form" of a tree with "leaves" containing data blocks cryptographic hash. This "hash tree" serves for verification of big data structures content and amounts to a combination of hash list and chains.

It is an additional tag representing a combination of letters and digits shorter than a wallet. It is required for XEM transactions. Always ensure to include the correct Message before sending your XEM deposit.