Some Cryptocurrency Abbreviation’s Terminologies

Doan9269

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Quote from: PX-Z on February 03, 2024, 06:53:01 PM

This list is not "abbreviations" but just terminologies, if you're talking to crypto-related abbreviations, then it should be like FOMO, HODL, DeFI, DApp, ATH, KYC, ICO, `too many to mentions.

You can just tell list of terminology and don't include "abbreviations".

You're right, there's a clear difference between abbreviation and terminologies, I won like to empathize much on this since OP happen to be a newbie, he can do more research to know better, but for the sake of next time, things like this have already been discussed in the past, he can as well always make use of the forum search button to look on the possibility of a topic being discussed already before creating one.

ImThour

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Never knew CoinMarketCap or any other website had so many of the abbreviations listed on one single page. I see your intent was great to find the best most popular ones and compile them into one list. Great effort however people would just use Google to find anyything they want instead of coming up on this page and reading it. Also, I would have loved if your post used Bold styling instead of quote.

Upgrade00

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Quote from: knowngunman on February 05, 2024, 07:25:44 AM

I think the explanation are for a layman's understanding and not too technical. By the way, Op did not create the post himself and if you observe, you'll see it is a quote post.

That should hold true except that those points I highlighted are not basic explanations but technically incorrect ones.

Explaining stable coins as, cryptocurrency which are created to mirror the price of another asset or commodity (which they are backed by) and maintain that stability of 1:1. For example, each 1 xx coin should always be equal to $1, is a basic explanation. What the OP wrote would only confuse a layman.

I notice the quote too, but I'm replying to the information and not the source.

knowngunman

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Quote from: Upgrade00 on February 05, 2024, 05:37:59 AM

You should brush up on the concepts before explaining them to others.

I think the explanation are for a layman's understanding and not too technical. By the way, Op did not create the post himself and if you observe, you'll see it is a quote post. He probably didn't read the post before posting talk more of making a research before explaining to others. Op is fond of making unnecessary posts in the local board which earned him neutral feedback but it seems he doesn't even know what the feedbacks are because there is no improvement after the feedback was given. A typical example of someone who is not yet ready to learn.

Upgrade00

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Quote from: OGsmall on February 03, 2024, 05:40:23 PM

4. Tokens - Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens.

Tokens can be built on any blockchain, not limited to ethereum.

Quote from: OGsmall on February 03, 2024, 05:40:23 PM

6. Stable coin - A crypto-currency with extremely low volatility that can be used to trade against the overall market.

7. Scam - brief explanation of "Not Paying"

These two definitions are technically incorrect. Too broad to describe the concepts you're trying to explain.

Quote from: OGsmall on February 03, 2024, 05:40:23 PM

11. PoW - Proof-of-work. The current consensus algorithm used by Ethereum.

The best description of PoW is the Bitcoin algorithm.

Quote from: OGsmall on February 03, 2024, 05:40:23 PM

13. Software wallet - storage for crypto-currency that exists purely as software files on a computer.

14. Hardware wallet - a device that can securely store crypto-currency.

Software wallets can store crypto securely and hardware wallets if used poorly can be insecure.

You should brush up on the concepts before explaining them to others.

hugeblack

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Unless these abbreviations contain lists that are updated periodically or at least every month, then they will become outdated, and sometimes by existing and talking about them, you will find that they have become familiar, so there is no need to create topics about them or quote some of them.

Nheer

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I know you are trying to contribute to the forum in your own way but it’s not always about creating threads so people notice you as a newbie rather it’s about the knowledge you gather at this time because it will always come through for you as time goes on. As a newbie you are not even supposed to be teaching others or reminding them of some terms and most of the people around are high rank members who are already familiar with these terminologies so i will advise you to rather channel your energy into learning and increasing your knowledge about cryptocurrency because making post of this nature that have already been made several times will not fetch you merits.

Believe me when i say you will hardly earn yourself any merit with this, you will have to put more effort into your posting if you want to impress people here.

Your profile doesn’t say nice things about you as you have already earned yourself a negative comment on your profile, it seems you are fond of shit posting on your local board

dzungmobile

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Some sources beyond Coinmarketcap and honestly your thread is unnecessary.

PytagoraZ

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Jolly? I think I've heard that name before. hmm

Looks like you have a hobby of creating new threads. But unfortunately there are already a lot of threads like that and most of the members here already know the term.

Maybe you read too much so you like to repost existing ones and give suggestions to other members, but hopefully you also have time to do what you suggest to other people. goodluck budd Wink

Quote from: OGsmall on February 02, 2024, 04:41:07 PM

For the record the little time I have spent on the forum has made me to realize and understand that reading to understand is the only key to stay alive on the forum, well I have look at most senior high ranks members through their post one can tell the amount of reading and research work there have been doing I gist to there it a easier task at hand to them it use to them already.

A forum senior member told me he could not do without login to the forum for just a week, he say that he is going to hear a little guilty voice that speaks to him and he said he is already use to it he also told me without reading it just feels like the end of the world for him…

nakamura12

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I understand your intention but creating new thread just to make it visible on the first page is considered duplicate topic in my opinion. There is a thread created on 2012, 2020, 2022 and reposted the 2012 thread. If ever you forgot something then a little bit of search would do the trick. I agree with the post above that it isn't an abbreviation but terminologies. Well, it's still helpful if you learn about it so you can understand what people meant when they include a terminology in their posts.

https://bitcointalksearch.org/topic/terminology-126798
https://bitcointalksearch.org/topic/list-to-terminologies-every-newbie-should-know-5420202
https://bitcointalksearch.org/topic/terminology-a-powerful-thread-reshared-5450039

I think there are more threas out there.

PX-Z

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This list is not "abbreviations" but just terminologies, if you're talking to crypto-related abbreviations, then it should be like FOMO, HODL, DeFI, DApp, ATH, KYC, ICO, `too many to mentions.

You can just tell list of terminology and don't include "abbreviations".

OGsmall

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Quote

1. Exchange - Websites where you can buy and sell crypto-currencies.

2. Fiat - Government-issued currency, such as the US dollar.

3. Bullish - An expectation that price is going to increase.

4. Tokens - Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens.

5. ICO - Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether.

6. Stable coin - A crypto-currency with extremely low volatility that can be used to trade against the overall market.

7. Scam - brief explanation of "Not Paying"

8. Trading - act of buying and selling activity on bitcoin exchanger sites

9. Wallet - used to store your coins/tokens. It's either online, offline or hardware wallet

10. Address - consists of alphanumeric characters. The only way to receive coins/tokens from other wallets.

11. PoW - Proof-of-work. The current consensus algorithm used by Ethereum.

12. Sharding - a scaling solution for blockchains.

13. Software wallet - storage for crypto-currency that exists purely as software files on a computer.

14. Hardware wallet - a device that can securely store crypto-currency.

15. Ledger Nano S / Trezor - two of the most popular hardware wallet models.

16. Smart contract - code that is deployed onto the Ethereum blockchain, often directly interacting with how money flows.

17. Dump - this is where the price of a token/coin go down.

18. Pump - opposition of dump. Where price of a token/coin go up.

19. Escrow - a third party selected and trusted by two individuals to mediate to their transactions.

20. Dapp - decentralized Application, this refers to an application that uses an Ethereum smart contract as it’s back-end code.

30. Airdrop - it is a free crypto coin that is being dished out by a certain project to the wallets of the crypto community.

31. Forking - it is a network split that will create another crypto currency.

32. FUD - Fear, Uncertainty and Doubt. It's the way to scare people so they will be hesitant on buying cryptocurrencies.

33. Fork - when a copy of the blockchain is made and changes are also made to the code to create a new coin.

33. Gas - a measurement of how much processing is required by the ethereum network to process a transaction.

34. Whale - someone that owns absurd amounts of crypto-currency.

35. Bearish - an expectation that price is going to decrease.

36. Altcoin - coins aside from bitcoin.

37. Block - a block is group of bitcoin transactions that are being processed & confirmed.

38. Blockchain - a publicly shared record of every bitcoin transaction that has ever been processed.

39. Hash Rate - is a measurement of computer processing power of bitcoin miners.

40. Hard cap - The maximum projected amount during ICO token sale.

41. Soft cap - the minimum projected amount during ICO token sale.

42. Momentum - price movement.

43. ERC20 - a standard for creating ETH based tokens.

44. Crypto - short for cryptography or cryptocurrency.

45. Chop - directionless price movement that lacks momentum

46. Reversal - a change in price direction.

47. Miners - people who run computers to secure transactions on a blockchain.

48. Accumulation - buying an asset to acquire a sizable position.

49. Bounce play - when the price bounces up quickly after a dump.

50. Breakdown - price dropping below support.

Sorry if the post has been posted just wanted to refresh our brains hope I didn’t get it the wrong way??

This are some list of abbreviations in the crypto currency’s world peoples do use this abbreviation in their day to day businesses you can also learn and add to it……

Most newborns most be always confused when they hear word like this and as a newborns this are common word use in the bitcoin language people use word like this.. I gist this should go a long way for newborns such as my self and others .

When less busy just tap on the link to sreach and also study more.
https://coinmarketcap.com/academy/glossary

Topic: Some Cryptocurrency Abbreviation’s Terminologies (Read 166 times)