Futures
By CoinGecko | Updated on Mar 03, 2020
A futures contract is a form of derivative financial instrument. It repesents an agreement to buy or sell a particular underlying asset/commodity at a predetermined price and at a specified time in the future.
Compared to options which provides one of the parties involved with the rights but not obligations to transact, futures repesent an obligation to transact based on the pre-determined parameters.
Related Terms
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Mineable
A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.
Mt. Gox
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
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