UNDERSTANDING THIS TERMINOLOGY WILL HELP YOU TO KNOW WHAT CRYPTO EXPERT ARE SAYING
1. ALTCOIN: ALTERNATIVE CRYPTOCURRENCY TO BITCOIN, SUCH AS ETHEREUM, LITECOIN, OR MONERO.
2. BLOCKCHAIN: A DECENTRALIZED, DISTRIBUTED LEDGER THAT RECORDS TRANSACTIONS ACROSS A NETWORK OF COMPUTERS.
3. CRYPTOCURRENCY: A DIGITAL OR VIRTUAL CURRENCY THAT USES CRYPTOGRAPHY FOR SECURITY AND IS DECENTRALIZED, MEANING IT'S NOT CONTROLLED BY ANY GOVERNMENT OR INSTITUTION.
4. FIAT CURRENCY: TRADITIONAL CURRENCY, SUCH AS THE US DOLLAR OR EURO, THAT IS ISSUED AND CONTROLLED BY A GOVERNMENT.
5. TOKEN: A DIGITAL ASSET ISSUED ON A BLOCKCHAIN, OFTEN REPRESENTING A SPECIFIC USE CASE OR UTILITY.
6. ICO (INITIAL COIN OFFERING): A FUNDRAISING EVENT WHERE A NEW CRYPTOCURRENCY OR TOKEN IS SOLD TO INVESTORS IN EXCHANGE FOR OTHER CRYPTOCURRENCIES OR FIAT CURRENCY.
7. MINING: THE PROCESS OF VALIDATING TRANSACTIONS ON A BLOCKCHAIN AND ADDING THEM TO THE PUBLIC LEDGER, OFTEN REWARDED WITH CRYPTOCURRENCY.
8. WALLET: A SOFTWARE PROGRAM THAT ALLOWS USERS TO STORE, SEND, AND RECEIVE CRYPTOCURRENCIES.
9. PUBLIC KEY: A UNIQUE ADDRESS USED TO RECEIVE CRYPTOCURRENCIES, SIMILAR TO A BANK ACCOUNT NUMBER.
10. PRIVATE KEY: A SECRET CODE USED TO ACCESS AND MANAGE CRYPTOCURRENCY FUNDS, SIMILAR TO A PASSWORD.
11. SMART CONTRACT: SELF-EXECUTING CONTRACTS WITH THE TERMS OF THE AGREEMENT WRITTEN DIRECTLY INTO LINES OF CODE, OFTEN USED ON BLOCKCHAIN PLATFORMS LIKE ETHEREUM.
12. DECENTRALIZED FINANCE (DEFI): FINANCIAL SERVICES BUILT ON BLOCKCHAIN TECHNOLOGY THAT OPERATE WITHOUT TRADITIONAL FINANCIAL INTERMEDIARIES.
13. HODL: A SLANG TERM MEANING "HOLD ON FOR DEAR LIFE," REFERRING TO THE STRATEGY OF HOLDING ONTO CRYPTOCURRENCY INVESTMENTS DESPITE MARKET FLUCTUATIONS.
14. FUD (FEAR, UNCERTAINTY, AND DOUBT): NEGATIVE RUMORS OR MISINFORMATION SPREAD ABOUT A CRYPTOCURRENCY OR PROJECT.
15. ATH (ALL-TIME HIGH): THE HIGHEST PRICE A CRYPTOCURRENCY HAS EVER REACHED.
16. BULL RUN: A PROLONGED PERIOD OF RISING PRICES IN THE CRYPTOCURRENCY MARKET.
17. BEAR MARKET: A PROLONGED PERIOD OF FALLING PRICES IN THE CRYPTOCURRENCY MARKET.
18. WHALE: AN INDIVIDUAL OR ENTITY THAT HOLDS A LARGE AMOUNT OF CRYPTOCURRENCY, POTENTIALLY INFLUENCING MARKET PRICES.
19. FORK: A CHANGE TO THE UNDERLYING PROTOCOL OF A BLOCKCHAIN, RESULTING IN A NEW VERSION OF THE BLOCKCHAIN OR A SPLIT INTO TWO SEPARATE BLOCKCHAINS.
20. NODE: A COMPUTER THAT CONNECTS TO A BLOCKCHAIN NETWORK, VALIDATING AND RELAYING TRANSACTIONS.
22. GAS: THE FEE REQUIRED TO CONDUCT A TRANSACTION OR EXECUTE A SMART CONTRACT ON BLOCKCHAINS LIKE ETHEREUM.
23. DEX (DECENTRALIZED EXCHANGE): A PLATFORM THAT ALLOWS USERS TO TRADE CRYPTOCURRENCIES DIRECTLY WITHOUT A CENTRAL AUTHORITY.
24. CEX (CENTRALIZED EXCHANGE): A CRYPTO EXCHANGE OPERATED BY A COMPANY THAT FACILITATES BUYING AND SELLING OF CRYPTO ASSETS.
25. STAKING: THE PROCESS OF LOCKING UP CRYPTOCURRENCY TO SUPPORT NETWORK OPERATIONS AND EARN REWARDS.
26. YIELD FARMING: A STRATEGY IN DEFI TO EARN MORE CRYPTO BY LENDING OR PROVIDING LIQUIDITY TO A PROTOCOL.
27. LIQUIDITY POOL: A COLLECTION OF FUNDS LOCKED IN A SMART CONTRACT USED TO FACILITATE TRADING ON A DEX.
28. NFT (NON-FUNGIBLE TOKEN): A UNIQUE DIGITAL ASSET THAT REPRESENTS OWNERSHIP OF A SPECIFIC ITEM OR CONTENT, SUCH AS ART OR MUSIC.
29. AIRDROP: FREE DISTRIBUTION OF CRYPTO TOKENS TO USERS, OFTEN AS A PROMOTION OR REWARD.
30. REKT: SLANG FOR “WRECKED,” MEANING SUFFERING HUGE FINANCIAL LOSSES, USUALLY FROM A BAD TRADE.
31. MOON: A TERM USED WHEN A CRYPTO ASSET’S PRICE IS EXPECTED TO RISE DRAMATICALLY.
32. PUMP AND DUMP: A MANIPULATIVE SCHEME WHERE THE PRICE OF A CRYPTO ASSET IS ARTIFICIALLY INFLATED (PUMPED) AND THEN SOLD OFF (DUMPED).
33. SHITCOIN: A DEROGATORY TERM FOR A CRYPTOCURRENCY WITH LITTLE OR NO VALUE OR USE CASE.
34. WHITEPAPER: A DOCUMENT ISSUED BY A CRYPTO PROJECT EXPLAINING ITS TECHNOLOGY, GOALS, AND USE CASE.
34. SATS (SATOSHIS): THE SMALLEST UNIT OF BITCOIN, NAMED AFTER ITS CREATOR, SATOSHI NAKAMOTO.
36. HASH RATE: THE SPEED AT WHICH A CRYPTOCURRENCY NETWORK COMPLETES AN OPERATION IN THE MINING PROCESS.
37. HALVING: A PROGRAMMED EVENT IN SOME BLOCKCHAINS LIKE BITCOIN WHERE THE MINING REWARD IS CUT IN HALF, REDUCING NEW SUPPLY.
38. COLD WALLET: A CRYPTO WALLET THAT IS NOT CONNECTED TO THE INTERNET, PROVIDING INCREASED SECURITY.
39. HOT WALLET: A CRYPTO WALLET THAT IS CONNECTED TO THE INTERNET, PROVIDING EASY ACCESS BUT LESS SECURITY.
40. SCALABILITY: THE ABILITY OF A BLOCKCHAIN NETWORK TO HANDLE A GROWING AMOUNT OF TRANSACTIONS.
41. DAPP (DECENTRALIZED APPLICATION): AN APPLICATION BUILT ON A BLOCKCHAIN THAT OPERATES WITHOUT A CENTRAL AUTHORITY.
