Goblin Town
By CoinGecko | Updated on Apr 11, 2022
A term used to describe the market's persistent downtrend, synonymous with "bear market". This is a reference to The Hobbit (1977)'s hit song, "Down Down to Goblin Town"
Related Terms
Address Delegation
Delegation of a wallet's stake to a Super Staker
Dead Cat Bounce
Price rally that is short lived after a prolonged decline. Price charts will show a recovery in anticipation of a market turnaround only to decline further.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
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