words used in cryptocurrency and their meanings part -1
In cryptocurrencies we use words like AltCoin, kyc, gas, node, brr, shit coins, Shill, airdrops, fudders, ICO, IDO,,, etc
So, here are some of the words and their meanings
1. BTC :-
BitCoin (or) Bitcoin's ticket π« symbol
2. AltCoin :- an alternative coin to Bitcoin
3. DeFi :-
Decentralised Finance
4. KYC :-
know your costumer, it the info gathered by Exchanges π± in compliance to the order or laws
5. Fomo :-
fear of missing out
6. HODL :-
hold on to dear life
7. Fiatπ²:-
government issued currencyπ΅
8. NFTs :-
Non Fungible Tokens
9. Whale π³ :-
a person with lot of crypto
10. ATHπ :-
all time high, the Highest price of a particular coin (or)token
11. FUD :- Fear, uncertainty and doubt
12. Bullish :-
Expecting the price to increase π
13 Bearish :-
Expecting the price to decrease π»
14. Mooning :-
Price going up highly π
15. Gas fee or gas ⛽ :-
A fee must be paid to execute a transaction in that particular blockchain
16. Cold Wallet :-
An offline wallet π πΌπ
17. Hot Wallet :-
An online wallet π²
18. Node :-
A computer that validates the transaction
19. DApp :-
A decentralised application without a centralised application
20. Blocks :-
Block of data that is permanently saved on a block chain
21. Lighting ⚡ network :-
Lighting network is a second layer solution on the Bitcoin network that allows users to make low (or) small (or) micropayments
22. Halving :-
The block rewards the miners which is cut in half
23. Brrπ¨️ :-
This is taken from a meme that describes the sound of the money π° printing machine π¨️
24. ETH :- Ethereum's ticker π« symbol
25. DYOR :-
This means do your own research
#cryptocurrency #cryptogeek #cryptobasic #blockchain #Bitcoin #bmBinance #Ethereum #wazirxwarriors
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