25 Oct 2017

A LIST OF ALL CRYPTOCURRENCY TERMINOLOGY

One of the most important things you need to know about crytocurrency is the terminologies that is being used on daily basis
Here is a comprehensive list all cryptocurrency terminology:-

MINING:
Mining is the process of generating new bitcoins using computer hardware. Anyone with access to the internet and suitable hardware can participate in mining.

FAUCET:-
The idea behind faucet is to give away free coin to new user without buying,since cryptocurrency is a new phenomenon.So a faucet is a website or app that gives  away free coin. 

ICO:-
 An Initial Coin Offering is an occasion  in which everybody is permitted to buy newly created cryptocurrencies
(tokens) in return for built up digital forms of money like Bitcoin (BTC) or Ether (ETH). "
When a new cryptocurrency is launched, the creators, as with any other project, need funds to make it work. ICOs have evolved to fill this need.

READ MORE


 How does an ICO work?
In initial public offerings (IPOs), companies sell their equity, in the form of shares, for cash. Rules that govern IPOs usually require the companies selling equity to be backed by tangible assets.
During ICOs, companies exchange their newly created cryptocurrencies -- called tokens -- for payment in an existing currency, which can be old-fashioned cash, or an established cryptocurrency, often bitcoin. 

TOKEN:- 
Newly created cryptocurrencies

 SHORTING
Selling a cryptocurrency In hopes of buying it at a lower price at a later time to gain profit.


 VOLATALITY:

The measure of price high or low over a time for a traded financial market.

WALLET
Wallet is a place to store your cryptocurrency.

WHALE
Someone who owns their higher percentage of a cryptocurrency

ALTECOIN
Altecoin mean alternative coin

ASHDRAKED : Lost all your money

 BEAR/BEARISH :Price is falling

 BULL/BULLISH -Price is rising

 DILDO : Large green or red candle

 DYOR : Do Your Own Research

FOMO :Fear Of Missing Out

FUD : Fear Uncertainty & Doubt

HODL :Holding a position

JOMO : Joy Of Missing Out

LONG :Margin bull position

MOON : Price will explode up

OTC : Over The Counter

SAJ CANDLE :Huge green candle

SHORT : Margin bear position

REKT :Had a bad loss

DUST TRANSACTION 
A transaction for an extremely small amount of bitcoins, which offers little financial value, but takes up space in the blockchain."

FIAT
Any form of physical paper currency. Regulated and Centralized.

HARDFORK
 An alteration to the block structure of bitcoin that changes the difficulty rules.

HASH
A mathematical process that takes a variable amount of data and produces a shorter, fixed-length output.

PUMP AND DUMP
 Inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements.

PROOF OF WORK
A system that ties mining capability to computational power.

PROOF OF STAKE
An alternative to proof of work, in which your exiting stake in a currency is used to calculate the amount of that currency that you can mine




No comments: