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docs: Create glossary #31

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cbeams opened this issue Jul 18, 2021 · 1 comment
Closed

docs: Create glossary #31

cbeams opened this issue Jul 18, 2021 · 1 comment

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@cbeams
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cbeams commented Jul 18, 2021

to define domain concepts and establish a ubiquitous language.
@cbeams cbeams changed the title Create glossary docs: Create glossary Jul 18, 2021
@cbeams cbeams closed this as completed in 1110886 Jul 18, 2021
@chimp1984
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chimp1984 commented Jul 18, 2021 •
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Counter Asset

aka Counter Currency

I would prefer to use the term quote currency. It is the currency which is used for the quote: https://www.investopedia.com/terms/q/quotecurrency.asp
It makes the weird quote notations easier to understand. Left is base, right is quote:
BTC/USD -> quote / price is applied to quote currency. 30 000 USD for 1 BTC.

I think its also helpful to use quote instead of price to follow that terminology.
This becomes more important for altcoin/altcoin or fiat/fiat.
USD/EUR and EUR/USD are both valid and used. So in those cases there is no dominant currncy which is used as base and both variation are common.

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@cbeams @chimp1984