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

Many of you might know these words (or) some don't know their meaning (or) some people know their meaning but don't know the full form as it is 



So, here are some of the words and their meanings
1. BTC :- 
BitCoin (or) Bitcoin's ticket 🎫 symbol

2. AltCoin :- an alternative coin to Bitcoin

3. DeFi :- 
Decentralised Finance

4. KYC :- 
know your costumer, it the info gathered  by Exchanges 💱 in compliance to the order or laws

5. Fomo :- 
fear of missing out

6. HODL :- 
hold on to dear life

7. Fiat💲:-
government issued currency💵

8. NFTs :- 
Non Fungible Tokens

9. Whale 🐳 :- 
a person with lot of crypto

10. ATH📈 :- 
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 🐂

13 Bearish :- 
Expecting the price to decrease 🐻

14. Mooning :- 
Price going up highly 🌝

15. Gas fee or gas ⛽ :- 
A fee must be paid to execute a transaction in that particular blockchain

16. Cold Wallet :-
An offline wallet 👜 💼👜

17. Hot Wallet :-
An online wallet 📲

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. Brr🖨️ :- 
This is taken from a meme that describes the sound of the money 💰 printing machine 🖨️

24. ETH :- Ethereum's ticker 🎫 symbol

25. DYOR :- 
This means do your own research

#cryptocurrency #cryptogeek #cryptobasic #blockchain #Bitcoin #bmBinance #Ethereum #wazirxwarriors


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