50 Blockchain Terms
1,AirdropAirdrop is the free gift of the token to the project party.
2,AltcoinAltcoin is an abbreviation for Alternative Coin and refers to other cryptocurrencies other than Bitcoin.
3, AMA (ask me anything can be)AMA is the abbreviation of Ask Me Anything. It refers to the question and answer activities held by members of the company or individuals. Users, readers and viewers can ask any related questions. Common AMA forms include live video and live text.
4, AML (anti-money laundering)AML (Anti-Money Laundering) represents anti-money laundering policies and related laws and regulations, which can prevent illegally obtained money from being disguised and legalized.
5, Bearish (bear market)The bear, an animal, when it attacks, it uses its claws against the prey to "nail" the prey to the ground. Now suppose that the cryptocurrency market is a bear market, market participants are bearish and prices will fall.
6, Bullish (bull market)In contrast to bears, bulls are animals that use horns to lift prey from the ground to the air. In a bull market, prices will rise, just as the bulls lift their prey into the air.
7, Blockchain Blockchain is a synthesis of the underlying technology abstractions of many chains.
8, Bounty Program The bounty plan is a task assigned by the project party, such as joining a telegraph group, translation, etc. Anyone can participate in these tasks and receive some rewards after completing the task.
9, Candlestick Chart A "candle chart" is a way to show a deal. A candle represents a specific time period (month/week/day/hour/minute, etc.), the "main body" of the candle represents the opening price and the closing price, and the peak indicates the highest and lowest price of the period.
10.Circulating Supply (total circulation)Represents the total number of tokens that are freely traded on the market for a blockchain project.
unfortunately this is not realistic. most coins/tokens "circulating supply" is the total supply they have which may not even be in circulation or not be freely traded on the market. for example coins with 100% premine only have a small portion of it in circulation and the rest is used to only fake increase their market capitalization and give them a high rank.
11, CMC (a cryptocurrency website)CMC is an abbreviation of CoinMarketCap, a website that provides market, market capitalization and other data.
12, Cryptocurrency Exchange (virtual currency trading platform)A trading platform where you can buy and sell cryptocurrencies, similar to trading platforms that buy and sell stocks.
13, ERC-20 (an agreement of the Ethereum network)You will often see ERC-20 tokens, which are created on the Ethereum network through smart contracts, and ERC-20 is a standard protocol for tokens.
14, Ether Ether (ETH) is the main cryptocurrency of the Ethereum network and is the “fuel” on the Ethereum blockchain because it helps to execute smart contracts.
15. Gas (miner fee)Gas (miner fee) is used to execute trades on the Ethereum blockchain, which is a bit like the cost you pay to miners. The more Gas you set, the faster the deal will be, because the higher the return, the more miners will be motivated to process your trade earlier.
16. ICO (first coin issue)ICO:The initial acronym for Initial Coin Offering, also known as the first token sale. 1C0 is a controversial form of financing because many projects are scams (discussed below). In 1C0, investors use mainstream currency to participate in financing to obtain tokens for the project.
17.IEO (first trading platform issued)Initial acronym for Initial Exchange Offering. 1E0 is also a kind of 1C0, which is only held by the cryptocurrency trading platform, which is more compliant. After the financing is completed, the related tokens will be online trading platform.
18, Smart Contract A smart contract is a computer program that controls cryptographic currency transfers between parties under certain conditions.
19, FiatFiat does not refer to Fiat (a car manufacturer), Fiat Money (legal currency) is the officially declared currency of the legal currency, such as the US dollar, the euro.
20, FOMO (missing phobia)FOMO is an acronym for Fear of Missing Out, especially for people who are afraid of missing. For example, the recent bitcoin price has exceeded $10,000, and many people will be afraid of missing the next bitcoin to continue to rise. This fear of missing is called FOMO.
21, Fork Simply put, the fork is a system upgrade, just like the iOS system of Apple's mobile phone needs to be constantly updated and upgraded. The fork can be divided into "soft fork" and "hard fork".
Soft forks are just upgrades to the network. The nodes before the upgrade are well compatible with the upgraded nodes and do not generate a new digital currency.
Hard forks are not the case. After a hard fork occurs, the nodes before the upgrade cannot be compatible with the upgraded nodes. The original blockchain will be divided into several independent chains, which may generate new digital currency.
The person who originally held the coin, after hard forks, theoretically has every coin after the fork.
22. Genesis BlockThe first block to be "digging" is the first block in a blockchain.
23, HashA hash is a basic blockchain function that combines letters and numbers into a fixed-length encrypted output.
24, HODL (Buddha holding currency)From a post that misses "hold", it is now an abbreviation for "Hold on for Dear Life."
25, KYC (real name certification)KYC is an acronym for Know Your Customer, a series of laws and regulations that require companies to understand the identity of their customers (requires identity scans or other identification documents).
26, Limit OrderUsing a limit order means that you make a request to the trading platform to purchase a specific amount of encrypted assets at a specific price.
27, Market Cap The market value indicates the total value of the cryptocurrency and can be queried on websites such as CMC (CoinMarketCap).
28, Maximum Supply It indicates the maximum allowed number of coins a cryptocurrency can eventually have. If the maximum supply is determined, the total amount will not change.
29, Node A node is a computer in a network that has a copy of a blockchain transaction and supports the transaction by verifying the transaction.
30, Mining First, some new cryptocurrencies are released by mining (eg BTC, LTC). Second, mining is the process of verifying transactions and adding them to a public ledger (blockchain).
31, To Da Moon The phrase "To Da Moon" means that prices are rising at an extremely fast rate. It is generally believed that the Dogecoin community has made this phrase popular.
32. Peer-to-Peer NetworkThis term is the cornerstone of the entire blockchain concept. Peer-to-peer networks do not have a central point like a server to store information—instead, each participant in the blockchain network can access information and change information (but other participants will know) without the dominant party controlling the network.
33. PhishingPhishing is an old but still in use method of stealing vulnerable information. Criminals attempt to collect personal information from users through a fake website or application that mimics someone else's original website or application.
34, Private KeyThis is the password for opening your wallet. Each cryptocurrency wallet contains one or more private keys that are mathematically related to the wallet. Your private address must be secure and not shared with anyone (especially via email), so be vigilant when someone wants your private key.
35, Proof-of-(xx proof)Proof of Work (PoW), Proof of Stake (PoS), Proof of Entitlement (DPoS), etc., refer to the rules or methods for reaching consensus and verifying transactions in a blockchain network.
36, Prospectus“We see it as a company passport, and it may be necessary for investors to make an informed decision about all possible information and let investors decide whether to invest.” The prospectus is a document required for securities token issuance (STO). To prove that a project is safe and regulated by law.
37, Public KeyThe public key is derived by the private key, which is the wallet address after the public key is converted.
public key is not "wallet address"! the address is created by hashing the public key with a 1 way hash function and then encoding it to a human readable format.
38, Roadmap The roadmap is a display of goals and plans that the team wants to achieve in a year or more. It lets you know about upcoming features and when they will be released.
39. ROI (return on investment)ROI is the abbreviation of Return on Investment, which is the rate at which you get a return on your investment.
40. Satoshi Nakamoto Nakamoto is the founder of Bitcoin, but as for who is Nakamoto, it is still inconclusive, because Nakamoto is still completely hidden in the powerful Internet of human flesh search. Some people speculate that Nakamoto may be a person, and some people speculate that it is a team or an organization.
41, ScamFraud is a criminal plan committed by criminals to obtain money, personal information or other benefits. The blockchain is an emerging industry. Because of the lack of regulatory measures, various fraudulent projects are emerging, and everyone needs to be cautious.
42, Scamcoin/Shitcoin (Air Coin)Air currency refers to the token issued by a project that has no value and is specifically designed to swindle money.
43. Seed Phrase (mnemonic)You can restore your wallet with mnemonics and regain ownership of your wallet.
44, Stable Coin Stabilizing coins are a very volatile currency that attempts to be anchored with bulk commodities such as fiat currencies and gold. In the cryptocurrency market, the most stable currency currently in the market is USDT.
45. STO (Securitization Certificate issuance)STO (Securitization issuance) is a process of selling a regulated cryptocurrency for financing.
46, Cold / Hot Storage According to whether the storage of the cryptocurrency is connected to the Internet, it can be divided into cold storage and hot storage. Cold storage refers to storage without networking, and is suitable for large-value cryptocurrency storage; hot storage is connected to the Internet and is suitable for small, frequently used cryptocurrency.
47, TokenToken refers to a token issued based on other public chains, such as the ERC-20 Token issued based on the Ethereum blockchain.
48, WalletA wallet is like your bank account. You can send, receive and store cryptocurrencies, which you need to open with a private key.
49, Whale Giant whales refer specifically to those who hold large amounts of cryptocurrencies, and their every move will have an impact on market prices.
50, WhitepaperA white paper is a document about a new product or company that contains all the details: problems that the product will solve, technical specifications, roadmaps, token distribution, team conditions, and more. Bitcoin's white paper is "Bitcoin: A Peer-to-Peer Electronic Cash System"
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