• Latest
  • Trending
20 Cryptocurrency Slangs Every Crypto Enthusiast Should Know | by DEFIESCROW DEFIX | The Capital | Oct, 2021

20 Cryptocurrency Slangs Every Crypto Enthusiast Should Know | by DEFIESCROW DEFIX | The Capital | Oct, 2021

October 13, 2021
Deutsche Bank reportedly looking to invest in 2 crypto firms

Deutsche Bank reportedly looking to invest in 2 crypto firms

February 8, 2023
Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm BitFuFu postpones merger with SPAC until May

February 8, 2023
Hot Wallet vs. Cold Wallet: What’s the Difference

Hot Wallet vs. Cold Wallet: What’s the Difference

February 8, 2023
LCX Gains Regulatory Approval For First 10 Million Euro Tokenized Bond

LCX Gains Regulatory Approval For First 10 Million Euro Tokenized Bond

February 8, 2023
Trust in Cryptocurrencies Collapses: Poll

Trust in Cryptocurrencies Collapses: Poll

February 8, 2023
Ordinals: A common ground for Ethereum and Bitcoin maximalists?

Ordinals: A common ground for Ethereum and Bitcoin maximalists?

February 8, 2023
TRON launches $100M artificial intelligence-focused Fund

TRON launches $100M artificial intelligence-focused Fund

February 8, 2023
A Pragmatic View of ChatGPT in a Web3 World

A Pragmatic View of ChatGPT in a Web3 World

February 8, 2023
Why OpenSea is the most popular NFT marketplace? | by Sunflower Corporation | The Capital | Feb, 2023

Why OpenSea is the most popular NFT marketplace? | by Sunflower Corporation | The Capital | Feb, 2023

February 8, 2023
  • Privacy Policy
Wednesday, February 8, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

20 Cryptocurrency Slangs Every Crypto Enthusiast Should Know | by DEFIESCROW DEFIX | The Capital | Oct, 2021

J_News by J_News
October 13, 2021
in Crypto Technical Analysis, Top News
0
20 Cryptocurrency Slangs Every Crypto Enthusiast Should Know | by DEFIESCROW DEFIX | The Capital | Oct, 2021
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


Cryptocurrency is on the lips of investors, customers, developers, regulators, and everyday people on the street. Some of the terms and slang used in cryptocurrency can be troublesome if you coming across them for the first time. In this article, we will guide you through 20 crypto slangs every crypto enthusiast should know.

Let’s jump right in.

Satoshi Nakamoto

No one knows who Satoshi Nakamoto is, but what we do know is that he is the one that penned the white paper for bitcoin. He is credited with creating bitcoin, and it is estimated that Satoshi Nakamoto would be worth billions.

Decentralized apps (dApps)

Decentralized Apps are outside of the control of any single authority. DApps are digital applications that run or exist on a Peer2Peer network of computers on a blockchain.

Initial Coin Offering

Initial coin offering or otherwise known as initial currency offering is a type of funding instrument that uses cryptocurrency. They are the most popularly crowdfunding campaigns, however, a private ICO can source funds without the need of the public.

Private Key

A private key is a secure password that enables you to access your cryptocurrency funds. That can consist of a string of numbers or letters and should always be kept safe.

Decentralized finance (DeFi)

Decentralized finance is a blockchain-based form of finance. They do not rely on central financial intermediaries like brokerages, banks, and exchanges. They utilize smart contracts on blockchains, and the most common blockchain used is Ethereum.

Blockchain

In simple terms, blockchain is a system that is used to record information and makes it virtually impossible to hack, change or cheat the system. In essence, blockchain is a ledger of transactions that are duplicated and distributed over a network.

Crypto Wallet

A crypto wallet is a program or physical hardware wallet that stores your private keys. It is also used to digitally sign transactions.

Gas

Gas is a word that is frequently used on the Ethereum network. It refers to the computational efforts required to perform certain operations on the Ethereum network.

Mining

Mining is a way for different cryptocurrencies to enter the market. It is also a crucial component in the maintenance and development of the blockchain ledger. These mining processes use enhanced computers for complex computational problems.

A Seed phrase

The seed phrase is a list of words that are needed to recover bitcoin funds on-chain.

Digital Currency

Digital currency can be defined as any money or money-like asset that is stored or exchanged on the internet or a digital computer system.

Know Your Customer (KYC)

KYC is a way to verify or validate that someone is who they say they are.

Altcoins

Altcoins are any other cryptocurrency other than the famous Bitcoin.

Fiat

Fiat simply put is a currency established by the government. They don’t pose intrinsic value nor use-value.

Non-fungible tokens (NFTs)

A non-fungible token is a unique token that can’t be interchanged for another.

Proof of Work (PoW)

PoW is when one party proves to the others that a certain computational amount of work has been done.

Proof of Stake (PoS)

These PoS protocols are a class of consensus mechanisms for the blockchain. They work by selecting validators in proportion to their quantity of holding in a specific cryptocurrency.

Public Ledger

A public ledger is a record book system that has your specific cryptocurrency transactions.

Smart Contracts

Smart contracts are transaction protocols that are automatically executed. They also control or document relevant events on a blockchain and the actions according to the terms of a contract or an agreement between two parties.

HODL

Hodl is a slang term that means ‘HOLD ON TO DEAR LIFE’ it is a way to encourage cryptocurrency traders to not sell their cryptocurrencies assets once there is a downturn or upturn in the market.

To wrap things up

Now that you have finished our list, you probably have a better understanding of the basic concepts and terms around cryptocurrencies. However, this is not an exhausted list, and there are more phrases that you should learn to better understand cryptocurrency and the world of blockchain technology.



Source link

Related articles

Deutsche Bank reportedly looking to invest in 2 crypto firms

Deutsche Bank reportedly looking to invest in 2 crypto firms

February 8, 2023
Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm BitFuFu postpones merger with SPAC until May

February 8, 2023
ShareTweetShareShare
Previous Post

Coinbase Voices: It’s not too late to get into crypto

Next Post

Ripple Exec Leaves for Crypto Firm Advised by Former SEC Chair

Related Posts

Deutsche Bank reportedly looking to invest in 2 crypto firms

Deutsche Bank reportedly looking to invest in 2 crypto firms

by J_News
February 8, 2023
0

German bank Deutsche Bank AG is said to be negotiating minority stakes in Deutsche Digital Assets and Tradias. A Bloomberg...

Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm BitFuFu postpones merger with SPAC until May

by J_News
February 8, 2023
0

Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public...

Hot Wallet vs. Cold Wallet: What’s the Difference

Hot Wallet vs. Cold Wallet: What’s the Difference

by J_News
February 8, 2023
0

Decentralized finance (DeFi) has brought a sweeping change in the financial world by allowing millions of people who don’t have...

LCX Gains Regulatory Approval For First 10 Million Euro Tokenized Bond

LCX Gains Regulatory Approval For First 10 Million Euro Tokenized Bond

by J_News
February 8, 2023
0

LCX is the first company in the cryptocurrency industry to issue a fixed-yield-earning product (EURt7 tokenized bond) that is based...

Trust in Cryptocurrencies Collapses: Poll

Trust in Cryptocurrencies Collapses: Poll

by J_News
February 8, 2023
0

Alex Dovbnya Trust in cryptocurrencies has taken a hit globally, declining by 30 percentage points on average across 17 major...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 3 Things People Get Wrong About Ethereum | by 36Crypto | The Capital | Sep, 2022

Understanding The Ethereum Merge in Simple Term | by 36Crypto | The Capital | Sep, 2022

Ethereum Wallets Explained: A Guide to Storing ETH | by 36Crypto | The Capital | Aug, 2022

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT