words used in cryptocurrency part-2
In previous blog I gave some meanings of the words in cryptocurrency this is part-2
1. ERC-20 :-
The predominant standard for creating Smart Contracts on Ethereum blockchain
2. REKT :-
REKT is often means (or) describe when an investor blown out of the water of the catastrophic down of a coin or token
3. Dump 📉:-
The act of selling Crypto
4. To the moon 🌝 :-
A cryptocurrency going all the way up to the moon , metamorphically speaking in case the price going up quickly
5. Bit :-
1 Bit is equals to 1/1,000,000 of Bitcoin
6. Shill :-
An individual promoting Alt-Coins for their own benefits
7. Pump 📈 :-
A rapid rise of price of a cryptocurrency (or) rapid buying of a cryptocurrency
8. Shitcoin 💩 :-
The term mostly used for tokens or coins which doesn't have any utility (or) a use case (or) doesn't have a proper purpose
9. ICO :-
Intikal Coin Offering is a type of crowd funding crypto as to rise a capital before launching of the token (or) coin
10. IDO :-
Initial Dex Offering
11. Airdrop :-
A campaign that distributes a specific cryptocurrency to the audience by specific tasks (or) a small job
12. Fudser 🤡:-
Someone that's spreading fud, (Fear Of Uncertainty and Doubt)
13. Fees :-
The sender sending crypto of a transaction oftens includes a fee to the network to process the transaction
14. Dolphin 🐬 :-
A person with a moderate holding of a cryptocurrency is a dolphin 🐬🐬
15. CBCDS 🏦:-
Central Bank Digital Currency 💵 are the digital currencies issued by central government
16. Paper wallet 📜 :-
A physical Wallet document 📄 containing the seed phrase (or) private key (or) secret phrase
#cryptogeek #binance #bitcoin
#wazirxwarriors #blockchain #cryptocurrency #ethereum
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