Author

Topic: FOR THE NEWBIES (Read 220 times)

member
Activity: 280
Merit: 11
April 05, 2019, 10:19:55 AM
#6
Minor correction though. FUD = Fear, Uncertainty and Doubt. Here is a comprehensive list:

[1] Cryptocurrency Lingo/Slang
[2] Terminology

Should have merged this topic with the existing one, or maybe just comment it there. No need to create a new thread about it with more or less the same content.
Noted, i never knew there was a thread on that before now,i guess i have to lock it.
legendary
Activity: 2170
Merit: 1789
April 05, 2019, 08:24:48 AM
#5
Minor correction though. FUD = Fear, Uncertainty and Doubt. Here is a comprehensive list:

[1] Cryptocurrency Lingo/Slang
[2] Terminology

Should have merged this topic with the existing one, or maybe just comment it there. No need to create a new thread about it with more or less the same content.
legendary
Activity: 2576
Merit: 1655
April 05, 2019, 01:26:03 AM
#4
Minor correction though. FUD = Fear, Uncertainty and Doubt. Here is a comprehensive list:

[1] Cryptocurrency Lingo/Slang
[2] Terminology

Although your list covered latest terminologies such as STO and IEO.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
April 05, 2019, 01:14:11 AM
#3

5.    TESTNETS: This is different from a testnet, which basically is just a test of such transaction functionality. The easiest way to
      think about it is that testnets are the prototypes that demonstrate the potential capabilities of a project

You made an error on that particular definition. Should be "mainnet"
Also, did you come up with the definitions by yourself? If so, then there is no problem but if otherwise, then it would be good to put links to reference too to avoid losing your account in the future.
Otherwise, nice effort.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
April 04, 2019, 11:30:09 PM
#2
Better if this topic will be on Beginners & Help.
Move it there.
member
Activity: 280
Merit: 11
April 04, 2019, 11:13:29 PM
#1
SOME CRYPTOSPHERE TERMS

  
For all the very new in the forum,here are some of the things you might need to get yourself familiar with, to be updated as time permit,Enjoy your Bitcointalkforum adventure.


1.   DAPP:  DApp is a user interface that allows users to interact with smart contracts stored on a distributed and decentralized”
       peer-to-peer blockchain-based network like the Ethereum network.

2.   SMART CONTRACTS: A smart contract is a type of computer script hosted on the Ethereum network. The script is programmed
      to preform specific functions when specific conditions are met. For example, a smart contract my distribute tokens when ETH is sent to a specific
      Ethereum Address.

3.   BLOCKCHAIN: Blockchain is a distributed ledger, a type of database stored on many computers

4.   MAINNET: A Mainnet is a blockchain that actually carries out the functionality of transferring digital currency from senders to
      recipients

5.   TESTNETS: The testnet is an alternative Bitcoin block chain, to be used for testing

6.   FOMO:  It is the “Fear of Missing Out.”

7.   FUD:  It is the spreading of “Fear and Uncertainty

8.   ICO:  It means ‘Initial Coin Offering’. An initial coin offering is a type of funding using cryptocurrencies.In an ICO, a quantity
      of cryptocurrency is  sold in the form of "tokens" to investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin, Ethereum or
      other acceptable coin.

9 .   IEO:  It means ‘Initial Exchange Offering’ more like ‘ICO’ but the difference is that, ‘IEO’ is done on exchange.

10. STO:  It means ‘Security Token Offering’

11. ROI:  It means ‘Return on .Investment’


12. STAKING : Staking is the purchase of cryptocoins and keeping (holding) them in a
      cryptocurrency wallet for a reward at the end of the stipulated time.It might be an exchange wallet.

13. POS: It is an agreement algorithm for some cryptocurrencies which creates new blocks that you can add to the blockchain.
      These created blocks are actually staked by somebody who is holding some cryptocoins already and helps to validate a new deal on the platform.

14. POW:  Proof of work (PoW) is a consensus protocol introduced by Bitcoin and used widely by many other cryptocurrencies.
      This process is known as mining and as such the nodes on the network are known as “miners”.
  
15. ANN :  it means announcement thread used mostly to announce ICO on Bitcointalk forum.

16  HODL: is a term in the cryptocurrency community for holding the cryptocurrency instead of selling it.

17. AIRDROP:  An airdrop is a distribution of a token or coin  for free, to a large number of wallet addresses.

18. SELFDROP:  It is sending of mostly certain amount of eth or Bitcoin from zero upward to a contract address in return for
      certain amount of token.

19. TESTNET: The testnet is an alternative Bitcoin blockchain, to be used for testing. Testnet coins are separate and distinct from
      actual bitcoins,.It allows application developers or bitcoin testers to experiment, without having to use real bitcoins.

20. FORKING:  implies any divergence in Blockchain- temporary or permanent. Forking is said to happen when a Blockchain splits
      into two branches. It can happen as a result of a change in consensus algorithm or other software changes

21. HARDFORK:  A hard fork  is a thorough change to the protocol that makes previously invalid blocks/transactions valid (or
      vice-versa). It requires all nodes or users to upgrade to the latest version of the protocol software.

22. HALVING:  It a block rewards reduction event that reduces the rewards miners get for mining a block, which in turn reduces
      the rate of issuance of the cryptocurrency.

23. KYC:   It means, know your customer, it is process of verifying a customer

24. MAKER: When you place an order that goes on the order book partially or fully (such as a  limit order placed via the trading
      screen).

25. TAKER: When you place an order that trades immediately, by filling partially or fully, before going on the order book, those
      trades are refer to as ’taker’ trades.
Jump to: