Cryptocurrency Keywords
Altcoins: Alternative crypto coins, ie an alternative cryptocurrency to bitcoin.
ATH: An abbreviation of all-time high, where the crypto coin has surpassed its previous highest price.
Blockchain: Identified in a bitcoin white paper released in 2008. Which discussed a distributed ledger system, consisting of a series of blocks containing transactions. These transactions were capable of being verified, immutable and decentralised.
Immutable: The values stored cannot be changed a permanent record is created, it cannot be removed.
Crypto Exchange: An exchange is a website or platform where you can buy and sell cryptocurrencies.
DAO: Decentralised Autonomous Organisation, shareholders who vote on how their particular crypto blockchain should develop.
Gas: A fee for validating a transaction. This cryptocurrency term is mostly used in relation to Ethereum related coins.
REKT: Crypto slang for wrecked, losing a lot or all of your crypto coin holdings.
DAPP: Decentralized Application, the creation and use of applications within a blockchain for any purpose.
DYOR: Do Your Own Research, usually referred to after an opinion is expressed.
Fork: Split of the Blockchain for potential efficiency, change, security or financial reasons.
FOMO: Fear of Missing Out.
FUD: Fear, Uncertainty, and Doubt.
HODL: hodling is crypto slang – Hold on for Dear Life. Meaning the holding of crypto regardless of the current market status whether positive or negative.
SATS: Satoshis are the smallest denomination of a Bitcoin (0.00000001 BTC). The term generally refers to a small amount of Bitcoin.
Smart contracts: Digital contracts executed on a blockchain, with the benefits a blockchain provides in terms of immutablity, decentralisation and verfication.
Shitcoin: A coin with no potential value or use.
DEFI: Decentralised finance which aims to utilise smart contracts to provide financial services such as insurance, loans or savings accounts.
Ethereum: An Altcoin commonly called Eth that utilises smart contracts.
Moon: A sharp rise in the price of a crypto currency also called Mooning.
Wallets: Wallets can be hardware or software and are where you can hold your cryptocurrency.
Whale: Holders gigantic in terms of the scale of holdings of a cryptocurrency coin compared to the average investor.
