TXID
A Transaction Identifier, or TXID, is a unique string of characters that serves as a reference number for individual transactions on a blockchain network. This identifier allows users and systems to track and verify transactions efficiently. Recent data from blockchain analytics platforms shows that the daily number of transactions across major networks like Bitcoin and...
Uncle Block
An "Uncle Block" is a term used in blockchain technology, specifically in Ethereum, to refer to a block that is a valid candidate for inclusion in the blockchain but does not become part of the main chain. Instead, it is referenced by subsequent blocks and rewards its miners with a smaller reward compared to the...
Underlying Asset
An underlying asset is a financial term referring to the specific security or asset upon which derivative instruments, such as futures, options, or swaps, are based. These assets can include stocks, bonds, commodities, currencies, interest rates, or market indexes. For example, in a stock option contract, the underlying asset would be the shares of the...
Uniswap
Uniswap is a decentralized finance protocol used for exchanging cryptocurrencies without the need for a central exchange. It operates on the Ethereum blockchain, utilizing a model called an automated liquidity protocol, which facilitates automatic trading of digital assets and ensures liquidity is maintained. Overview of Uniswap Uniswap was launched in November 2018 by Hayden Adams,...
Unrealized P&L (Profit and Loss)
Unrealized P&L (Profit and Loss), also known as paper profit or loss, refers to the theoretical gain or loss on an open position in a financial market, calculated based on the current market prices compared to the entry prices. This financial metric remains unrealized until the position is closed and the profit or loss is...
Upgradeable Contract
An "Upgradeable Contract" refers to a type of smart contract in blockchain technology that is designed to allow its logic and features to be upgraded or modified after deployment. Unlike traditional smart contracts, which are immutable once deployed, upgradeable contracts enable developers to fix bugs, improve functionality, or adapt to new requirements without deploying a...
USDT-Margined Futures
USDT-Margined Futures are a type of financial derivative traded on various cryptocurrency exchanges, where USDT (Tether), a stablecoin pegged to the US dollar, is used as the collateral instead of the underlying cryptocurrency itself. These futures contracts allow traders to speculate on the future price of cryptocurrencies without actually holding the asset, using USDT to...
Utility Coin
A utility coin is a type of cryptocurrency designed to be used primarily within a specific ecosystem, providing users with access to products or services facilitated by the blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, which are often seen as stores of value or mediums of exchange, utility coins serve specific functional purposes within...
Utility Token
A utility token is a type of cryptocurrency that is issued to fund development projects and is later used to purchase a good or service offered by the issuer of the token. Unlike security tokens, which represent an investment into a company and its profits, utility tokens provide users with future access to a product...
UUPool
UUPool is a renowned global mining pool that provides cryptocurrency miners with a platform to mine digital currencies. It is a decentralized system that allows miners to combine their computational power to solve complex mathematical problems, thereby increasing their chances of earning cryptocurrency rewards. UUPool: A Brief Overview The inception of UUPool can be traced...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
