Topic: Some common VOCABULARY for beginners in cryptocurrency. (Read 176 times)

It's a nice topic you have made mate, this is very helpful to new member here especially to me because some vocabulary words in your topic that I learned now and hopefully some of the new here must read to gain knowledge about crypto-world.

Thanks a lot for your effort I really appreciate it actually I copied and pasted in my computer this will be a big help for me especially I'm a newbie thanks again.

Long post, and for bitcointalk newbies :- merit is the quality of being particularly good or worthy, especially so as to deserve praise or reward, which is given to a person in here, or to ICO.

Some of the terms are just defined considering bitcoin which is equally applicable for all of the cryptocurrencies with blockchain.
And some more can also be applicable for other cryptocurrencies and tokens.

Hey there, I would add Bounties- are simply jobs, tasks, or projects that have usually been created by coin developers. If you complete the job, then you will receive a reward in coin form.

Nice! Thanks a lot, this would be helpfun not only for beginners, but as well for the older players on the market

Thanks alot for this useful information because most of the time I found this on the telegram group of some ico I didn't know what they meant but now I think I do

many people get acquainted with these terms too late. I recommend sending them as rules to all investors. Thanks

Good post, you have forgot the airdrops- it can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects. Also, established blockchain-based enterprises like cryptocurrency exchange platforms and wallet services can also carry out airdrops as well.

There is a stickied post in the Beginners & Help forum entitled Newbies - Read before posting. Inside, you will find a link to a much larger Terminology Thread. But I'm sure you know that because everyone reads the stickied posts like they are supposed to. (/s)

Very useful post. I still remember how I was completely confused when I initially joined this forum and could not understand these words which were being used regular by the community members. Did some research and laughed when I found out what HODL meant. This post can be very useful to complete crypto newbies and experienced members alike which is why you did a good job coming up with this post op. I feel that the best crypto word ever has to be HODL since I use it frequently and sounds so good when using it. Am HODLING all my coins at the moment.

ATH:All time high: This means that the price of one coin breaks the highest price in history that has never been achieved.
FOMO: (Fear of missing out): afraid to miss the trend
JOMO: (joy of missing out): happy to miss the trend
Pump: prices increase
Dump: prices plummet
FUD (Fear Uncertainty Doubt): Fear, uncertainty and doubt
Long / Short: Buy / sell orders in margin trading
Moon: Prices soared to new heights
Hodl: The slang word Hold, that is, hold.
Address: The address of a digital wallet, each wallet has different wallet addresses.
Altcoin: Other cryptocurrency cores other than Bitcoin.
Miner: diggers, these are the diggers / diggers of digital money
Mine: mining / digging
ASIC: Acronyms for integrated circuits, application specific. These single-chip silicon-based chips are designed to handle SHA-256 crashes to authenticate transactions and exploit Bitcoin.
Block: This block, which is a permanent record of data stored in Blockchain, acts as a page or ledger. Each block contains and confirms pending transactions. About every 10 minutes, a new block along with the transaction will be added to Blockchain through the digging of the miner.
Fiat currency: The real currency that we are using, this is alluded to as an intrinsically valuable currency but is still considered valuable because the government thinks it is.
Fork: A change in the Bitcoin protocol, which can be interpreted as "software updates" or "bug fixes."
Hard fork: A software update that is required and conflicts with old software, if not updated, will not be able to use the program fork.
Soft fork: A software update that does not conflict with old software, this is just an update to the new and optional features. Can still start old programs without updating soft fork.
Genesis block: The original block in Blockchain.
Hash: The algorithm takes a variable amount of data and converts it into a short, fixed length and fixed piece of data.
Hash rate: The number of hashers a digger can perform over a given period of time (usually one second).
Liquidity: The ability to buy or sell assets of a market combined with a relatively stable price level and consistency between transactions called liquidity.
Multisig: A term that is contracted for multi-signature addresses that allows multiple people to use part of the address with a public key. The ability to access funds from that address requires multiple signatories to access the account. As a result, multisig addresses have much better anti-theft capabilities. (specialized in security)
Node: Refers to a machine running a blockchain that applies to the entire client. It serves to share blocks and transactions on the network using the client-to-client infrastructure.
P2P: Peer-to-peer (P2P) refers to direct cryptocurrency interactions, decentralization between two parties or more. No bank or other financial institution is required as a third party.
Paper wallet: A paper copy containing information about electronic wallets such as bitcoin addresses and their respective private keys. Paper wallets are commonly used to store bitcoins safely with non-software storage.
Private key: The encryption key allows the user to access and move the bitcoin from a specific wallet.
Public key: A known public-key string acts as a bitcoin address when it hashes. This is a key that you can share publicly with others to receive your money.
Satoshi Nakamoto: The creator of Bitcoin
Satoshi: The smallest unit of Bitcoin (0.00000001 BTC)
Transaction block: Compiles bitcoin transactions that are collected into a block, then hashes and adds to the blockchain.
Transaction fee: A small service fee is added to some transactions. This fee is paid to the operator who accumulates the transaction block.
ICO (Initial Coin Offering): A form of solicitation of funds by offering a company's initial token to market a new electronic currency.
Token: The original coin of an ICO project.

source: collect