{"id":13044,"date":"2021-09-22T17:58:16","date_gmt":"2021-09-22T17:58:16","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/cryptocurrency-glossary\/"},"modified":"2022-06-28T11:58:05","modified_gmt":"2022-06-28T11:58:05","slug":"cryptocurrency-glossary","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/cryptocurrency-glossary\/","title":{"rendered":"Cryptocurrency Glossary"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tCryptocurrencies 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.\r\n\r\n

\r\n\r\nAltcoin:<\/strong>Any currency that is not a Bitcoin.\r\n\r\n

\r\n\r\nADDY:\u00a0<\/strong>Refers to the public address of a cryptocurrency.\r\n\r\n

\r\n\r\n“AMA’s”<\/strong>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.\r\n\r\n

\r\n\r\nATH:\u00a0<\/strong>Highest peak at which a cryptocurrency has been found.\r\n\r\n

\r\n\r\nBAGHODLER:\u00a0<\/strong>It is someone who has bought and held a cryptocurrency for a long time.\r\n\r\n

\r\n\r\nBear:\u00a0<\/strong>It is the person who sells and plays against the currency.\r\n\r\n

\r\n\r\nBull:<\/strong>\u00a0That person who buys and makes the currency go up.\r\n\r\n

\r\n\r\nBurn:<\/strong>\u00a0It 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.\r\n\r\n

\r\n\r\nBitcoin (BTC):<\/strong>First Crypto created by Satoshi Nakamoto.\r\n\r\n

\r\n\r\nCryptocurrency<\/strong>Is a virtual currency or digital assets that are interchangeable and are not within the control of the government or financial institution\r\n\r\n

\r\n\r\nSmart contract<\/strong>An alternative contract that arises as a substitute to paper contracts, this has the ability to be executed without the need for third parties.\r\n\r\n

\r\n\r\nSwap:\u00a0<\/strong>When you change any cryptocurrency to another or change from current money to cryptocurrencies.\r\n\r\n

\r\n\r\nDecentralization:<\/strong>This comes from not being part of any government institution or financial institution.\r\n\r\n

\r\n\r\nDapp<\/strong>: They are decentralized applications that allow you to create services that are not managed by a single entity.\r\n\r\n

\r\n\r\nDump:\u00a0<\/strong>Time to sell a cryptocurrency.\r\n\r\n

\r\n\r\nEthereum (ETH):\u00a0<\/strong>Global platform for decentralized applications with open source.\r\n\r\n

\r\n\r\nFAQ<\/strong>: Frequently asked questions found in a section on the project website.\r\n\r\n

\r\n\r\nFOMO:\u00a0<\/strong>Fear of losing the opportunity to win on an investment.\r\n\r\n

\r\n\r\nFork<\/strong>: A bifurcation occurs when creating a code parallel to the main one.\r\n\r\n

\r\n\r\nFUD:\u00a0<\/strong>Strategy used in the crypto world to sabotage a project with these feelings: Fear, insecurity, doubt (Fear, Uncertainty, and Doubt.)\r\n\r\n

\r\n\r\nHodl:\u00a0<\/strong>It comes from the phrase “Hold On For Dear Life” which refers to not letting go of what is in your hand.\r\n\r\n

\r\n\r\nICO (Initial Coin Offering)<\/strong>: It has to do with the financing of projects, such as the birth and development of a new cryptocurrency.\r\n\r\n

\r\n\r\nMining<\/strong>: Issue new crypto assets and confirm operations on the blockchain.\r\n\r\n

\r\n\r\nNFT<\/strong>: Piece of digital art with a digital certificate of ownership.\r\n\r\n

\r\n\r\nNode<\/strong>: While the miner is the node it validates the transactions and creates the blocks, the node refers to the computer network of each machine.\r\n\r\n

\r\n\r\nBLOCKCHAIN PROTOCOL<\/strong>: It is the algorithm that creates the rules of the game that must be met by the blocks in order to form the chain.\r\n\r\n

\r\n\r\nRoadmap:\u00a0<\/strong>Guide that is used in crypto projects to know the path that they will take.\r\n\r\n

\r\n\r\nRekt:\u00a0<\/strong>Investor who has been ruined by the fall in the price of his investment.\r\n\r\n

\r\n\r\nShitcoin:\u00a0<\/strong>Cryptocurrency without a future.\r\n\r\n

\r\n\r\nTo the moon:\u00a0<\/strong>It refers to the moment when a coin rises.\r\n\r\n

\r\n\r\nToken<\/strong>: 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.”\r\n\r\n

\r\n\r\nNFT-whale<\/strong>: They are people who own a large amount of a currency by manipulating the price of the currency.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":6,"featured_media":10110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"ep_exclude_from_search":false,"footnotes":""},"categories":[474],"tags":[477,476,475],"class_list":["post-13044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-comunication-agency","tag-cryptos-en","tag-marketing-en"],"yoast_head":"\nCryptocurrency Glossary<\/title>\n<meta name=\"description\" content=\"Cryptocurrencies are a world that works in a totally different way, this is why it has its own language. 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