Cryptocurrency Acronyms and Meaning.

Cryptocurrency Acronyms and Meaning.

As a continuation to the last post I made on cryptocurrency languages, these are more important terms new users need to know.
Here are a few that I'd like to share with you:
1) IYKYK
IYKYK is short for 'if you know, you know. It implies that a post or message will only make sense to a few people. The acronym can also be used ironically to mock someone sharing commonly known information.


2)KYC
KYC stands for 'know your customer' and is used by financial institutions to verify the identity of individuals using their services. In the crypto space, KYC is commonly used by major centralised exchanges and is a standard practice amongst many institutions. In the context of crypto, it typically means being asked for a full legal name and government-issued identification documents when signing up for a platform. This can be a passport, driver's licence, or other similar forms of identification.

3) WAGMI
WAGMI, on the other hand, stands for 'we're all gonna make it.' The acronym is widely used by the crypto community to inspire both positivity and confidence in a project. It is also used to encourage the community to support each other and not lose hope.


4)NGMI
NGMI stands for 'not gonna make it.' In crypto, it is often used as a prediction of future failure as the result of a poor decision (such as selling the bottom despite all market indications that a token's value is on an upward trend). It can also be used as a label to ridicule people who have taken a stance against crypto or who fail to understand basic crypto concepts.


5) Address
A unique string of letters and numbers to and from which cryptocurrency is sent. An address-which is usually a hashed version of a public key-functions like an email address.
Here is just a few of the common terms.
I'll be dropping them daily.
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