Crypto Lingo & Terms

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Below is a compiled list of some of the most popular slang being used today

BITCOIN: The first and most valuable & decentralized digital currency

BLOCKCHAIN: A digital ledger of cryptocurrency transactions made up of sequential blocks.

HALVING: Reducing new Bitcoin creation, happening every four years.

ALTCOIN: Any coin that's not Bitcoin.

COIN: A unit of value on a blockchain network, like Bitcoin.

COLD WALLET/COLD STORAGE: A super secure way to store crypto offline, often on a USB-like device.

CRYPTOCURRENCY: Digital, decentralized currency used for buying things or as a store of value, like Bitcoin.

DECENTRALIZATION: When power isn't held by one central authority, but spread among many users.

TOKEN: A type of cryptocurrency representing an asset or specific use.

PUBLIC KEY: Like your crypto wallet address, it lets people send you money.

PRIVATE KEY: Encrypted code for direct access to your crypto, never share it.

SATOSHI NAKAMOTO: Mysterious creator of Bitcoin, unknown identity.

SMART CONTRACT: Programs on a blockchain that execute automatically when conditions are met.

STABLECOIN: Cryptocurrency with a fixed value, often tied to real-world currencies.

WALLET: Where you store your crypto, either online (hot) or offline (cold).

DECENTRALIZED APPS (DAPPS): Apps on a blockchain without middlemen

EXCHANGE: A digital marketplace for buying and selling crypto.

GAS FEES: Fees paid to process transactions on networks like Ethereum.

HODL: Originally a typo for "HOLD," now means holding onto crypto despite market fluctuations.

FOMO: Fear of Missing Out, what newbie investors feel during big market gains.

HOT WALLET: A digital wallet online, convenient but more vulnerable to hacking.

INITIAL COIN OFFERING (ICO): Raising funds for a new crypto project, similar to stock IPOs.

MARKET CAP: Total value of all mined coins in a cryptocurrency.

DECENTRALIZED FINANCE (DEFI): Financial activities without central banks or institutions.

MINING: Process of generating new coins and verifying transactions.

NGMI: It is one of the most popular crypto slang terms it stands for "not gonna make it".

SHILL: Shilling refers to the promotion of a cryptocurrency for the persons own personal benefit

FUD: Short for fear, uncertainty, and doubt, FUD refers to when people spread negative feelings about Bitcoin

REKT: Rekt refers to the rock-bottom feeling of when someone experiences major losses from cryptocurrencies that have plummeted in value.

Whale: A whale is someone who owns a significant amount usually 5% or more of the total supply of a cryptocurrency.

Table of Contents

:1: Coinbase.com :ge: Gemini.com :k: Kraken.com :co: Crypto.com :bu: Binance US :ca: Cash App