Cryptocurrency Glossary
Cryptocurrencies are a world that works in a totally different way, this is why it has its own language. In the text below you will find words that will help you understand and communicate in this world in a professional way. Altcoin:Any currency that is not a Bitcoin. ADDY: Refers to the public address of a cryptocurrency. “AMA’s”Ask Me Anything or Ask What You Want, is an activity among users of the crypto world where they have the opportunity to ask everything about each project. ATH: Highest peak at which a cryptocurrency has been found. BAGHODLER: It is someone who has bought and held a cryptocurrency for a long time. Bear: It is the person who sells and plays against the currency. Bull: That person who buys and makes the currency go up. Burn: It is the action of transferring native Cryptocurrencies to an account where they will be permanently stored, said action must be public knowledge in order to validate the operation. Bitcoin (BTC):First Crypto created by Satoshi Nakamoto. CryptocurrencyIs a virtual currency or digital assets that are interchangeable and are not within the control of the government or financial institution Smart contractAn alternative contract that arises as a substitute to paper contracts, this has the ability to be executed without the need for third parties. Swap: When you change any cryptocurrency to another or change from current money to cryptocurrencies. Decentralization:This comes from not being part of any government institution or financial institution. Dapp: They are decentralized applications that allow you to create services that are not managed by a single entity. Dump: Time to sell a cryptocurrency. Ethereum (ETH): Global platform for decentralized applications with open source. FAQ: Frequently asked questions found in a section on the project website. FOMO: Fear of losing the opportunity to win on an investment. Fork: A bifurcation occurs when creating a code parallel to the main one. FUD: Strategy used in the crypto world to sabotage a project with these feelings: Fear, insecurity, doubt (Fear, Uncertainty, and Doubt.) Hodl: It comes from the phrase “Hold On For Dear Life” which refers to not letting go of what is in your hand. ICO (Initial Coin Offering): It has to do with the financing of projects, such as the birth and development of a new cryptocurrency. Mining: Issue new crypto assets and confirm operations on the blockchain. NFT: Piece of digital art with a digital certificate of ownership. Node: While the miner is the node it validates the transactions and creates the blocks, the node refers to the computer network of each machine. BLOCKCHAIN PROTOCOL: It is the algorithm that creates the rules of the game that must be met by the blocks in order to form the chain. Roadmap: Guide that is used in crypto projects to know the path that they will take. Rekt: Investor who has been ruined by the fall in the price of his investment. Shitcoin: Cryptocurrency without a future. To the moon: It refers to the moment when a coin rises. Token: It is a unit of value. “A digital asset hosted on a blockchain that allows its owner to be attributed to a third party through the blockchain.” NFT-whale: They are people who own a large amount of a currency by manipulating the price of the currency.
