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Memecoin is a cryptocurrency based on a well-known internet meme or popular personality. Its distinctive feature is high volatility, driven by virality and the lack of practical use. Despite the high risks, memecoins attract investors with the potential for quick profits.

Fiat is a state-issued currency, e.g. US dollar. Fiat currency is not pegged to gold. It has no backing at all.

Cryptocurrency is a digital asset meant to function as a means of exchange. It uses cryptography for its transactions, production of additional units and asset transfer revision. Most cryptocurrencies are Blockchain-based.

Cryptography is the study of methods for privacy, data consistency and authenticity. It is the mainstay of cryptoindustry as a whole. Therefore, it provides for blocking access to personal information, preventing undetected data modification, checking of authentication and other object properties.

Satoshi is the smallest unit of Bitcoin. It equals one hundred millionth of 1 Bitcoin (0.00000001 BTC). Satoshi is named after the anonymous Bitcoin creator Satoshi Nakamoto who, according to some reports, owns about 1,000,000 BTC.