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.
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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.
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.
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.
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
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
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