Crypto Terms and Equivalents BTC ETH SOL BULB

miri777

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11 Jan 2024

Altcoin (Alternative Coin): Any cryptocurrency other than Bitcoin.
Address: A string of alphanumeric characters used to receive or send cryptocurrency.
All-Time High (ATH): The highest price a cryptocurrency has reached.
Anti-Money Laundering (AML): Regulations and procedures to prevent illegal financial activities.
Arbitrage: Exploiting price differences of the same asset on different exchanges.
ASIC (Application-Specific Integrated Circuit): Specialized hardware designed for mining cryptocurrencies.
ATH (All-Time High): The highest historical price of a cryptocurrency.
Bear Market: A market characterized by declining prices.
Bitcoin (BTC): The first and most well-known cryptocurrency.
Blockchain: A decentralized and distributed ledger technology.
Bull Market: A market characterized by rising prices.
Circulating Supply: The amount of cryptocurrency available and circulating in the market.
Cold Wallet: A wallet that is not connected to the internet, providing added security.
Confirmation: The process of validating transactions in a blockchain.
Consensus Algorithm: The method used to achieve agreement on the state of the blockchain.
Cryptocurrency: A digital or virtual currency that uses cryptography for security.
Decentralization: The distribution of control among different participants in a network.
Decentralized Autonomous Organization (DAO): An organization represented by rules encoded as a computer program.
Decentralized Exchange (DEX): A cryptocurrency exchange that operates without a central authority.
Digital Signature: A cryptographic technique to verify the authenticity of a digital message or document.
Double Spending: The risk of a digital currency being spent more than once.
Dust Transaction: A tiny cryptocurrency transaction that is usually disregarded due to its small size.
ERC-20: A standard for fungible tokens on the Ethereum blockchain.
Fiat Currency: Traditional government-issued currency like the US Dollar or Euro.
FOMO (Fear of Missing Out): The fear that others are making profitable investments, leading to a rush to buy.
Fork: A split in the blockchain, creating two separate chains.
Gas: The unit that measures the amount of computational effort required to execute operations on the Ethereum network.
Genesis Block: The first block in a blockchain.
Hard Fork: A type of fork that makes previously invalid transactions valid, and vice versa.
Hardware Wallet: A physical device that securely stores private keys.
Hash Function: A mathematical function that converts an input into a fixed-size string of characters.
Hash Rate: The speed at which a mining machine operates.
Hot Wallet: A wallet connected to the internet, making it more susceptible to hacking.
ICO (Initial Coin Offering): A fundraising method for new cryptocurrency projects.
KYC (Know Your Customer): The process of verifying the identity of customers.
Lambo: A slang term for a Lamborghini, often used to express the desire for financial success in the crypto space.
Liquidity: The ease with which an asset can be bought or sold in the market.
Litecoin (LTC): A peer-to-peer cryptocurrency created as the "silver to Bitcoin's gold."
Market Cap: The total value of a cryptocurrency in circulation.
Mining: The process of validating transactions and adding them to the blockchain.