51% Attack

Also known as a majority attack on a blockchain. When one or a group of miners control greater than 50% of the blockchain network's mining hashrate or computational power.

Related Terms

Scamcoin

A crypto that has zero value or utility. It’s created purely to trap buyers, pump, and dump. DYOR or get dumped on.

Rug Pull

When a project disappears with your money. Usually after hyping up a token, collecting funds, then ghosting. One of crypto’s greatest risks.

Phishing

A scam where bad actors try to trick you into giving up your private keys or seed phrase. Looks legit. Isn’t. Always double-check links and wallets.

Exit Scam

When a project raises funds and then vanishes, taking your money with it. Looks promising at first, disappears right after the rug is pulled

Double Spending

One of crypto’s biggest red flags. It happens when someone tries to use the same coin in two different transactions.