Topic: The "Not more than 20 words" to explain cryptoworld for beginners (Read 166 times)

Here's our glossary on the same theme: https://www.cryptowisser.com/glossary/

Most of the terms there are less than 20 words.

They are similar but quite different
The address is an hash of the public key
The wallet is where you can store public/private keys by the wallet data file

If you start a search on the forum, will find other people who started the same idea before. So I do not know which post should be updated.
 including, but not limited to  https://bitcointalksearch.org/topic/a-z-mini-cryptocurrency-dictionary-3469416.

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Since you are talking about cryptocurrencies, I suggest :

 1. adding altcoins such as Litecoin and your post will differ from what I mentioned.
 2. Change the display post to become attractive.[add some tables and blocks]
 3. Add the most-used terms first rather than alphabetical order.[ATM, HODL]

Nice work, although you maybe should try to bind these together since they're essentially the same?:
Address, Public/Private key, Wallet

thanks bro, very simple dictionary and easy tio understand even for beginer. Keep on lead the newbie

I had in mind this project for a long thime, now I get some free time to start it!
The idea is very simple, explain this world with the basics in very easy way and with less than 20 word.

A
Altcoin = any coin that is not bitcoin
Airdrop = Giveaway of coins, generally free
Address = Place where your bitcoins or altcoins are stored
Antminer = Hardware used for mining coins

B
Bitcoin = the father of digital cryptocurrency made by Satoshi Nakamoto
Blockchain = Digital ledger for transactions for cryptocurrencies
Bounty = Operation like sharing on social media rewarded with tokens/coins
Block = Place where a transaction is recorded

C
Cryptocurrency = Digital currency
Confirmation = Called when a transaction is verified (cannot be reversed)
Coinmarketcap.com = Most famous website where to check the value of coins

D
Dapp = Decentralized application
Decentralization = Process for coin(money) without a central bank or single administrator

E
Exchange = usually website, place where you can exchange Fiat or cryptocurrencies
ERC20 = Standard used for smart contracts on the Ethereum blockchain, free on myetherwallet.com
Escrow = Give coin in custody at one 3rd part

F
Faucet = Free website where you can earn few satoshis
Fiat = currency without intrinsic value that has been established as money like $ €

H
Hash Rate = Speed generated from the computer for finding the next block on blockchain.
Hard Fork = Intentional change of the rule of the blockchain for one coin

L
Light paper = Small version of Whitepaper

K
KYC = Know Your Costumer, submission of personal documents.

M
Mainnet = network where you can send money
Mining = process used to get new blocks on blockchain
Mining Pool = place where mining share their power on one network for better mining results
Miners fee = fee paid to miners to get the confirmation of the transaction
Metamask = Add on used for a better and more secure access to your address
mBTC = 1/1000 of a Bitcoin (0.001 BTC)

P
Private Key = key used for the access at your address (DO NOT SHARE WITH ANYONE). Save ASAP in safe place.
Public Key = the use of this key is to generate the address

R
ROI = Return of investment

Q
QR CODE = Optical code used from machines, can be used as address or key

S
Satoshi Nakamoto = Alias used by the person (or group of people) who created the bitcoin
Satoshis = Parts of Bitcoins
Signed Message = Message created from you address (the one which you know private keys)
Smart contract = generally, contract based on ETH
SEPA = Single Euro Payments Area, Payment used on European Union
SHA 256 = proof of work algorithm used by bitcoin address

T
Token = “Coin” used by ETH (or others altcoin) on smart contracts
Testnet = Test network, where you can test transactions
Txid = ID of the transaction (all transactions are public)

U
uBTC = unit for a microbitcoin (0.000001 BTC).

V
Volatility = Changing of the value of the Coin on the market

W
Wallet = Place where you can hold you coins
Whitepaper = Report with information proposal or issues about one project




The plan is to Update this project once for week (Saturaday/Sunday) depending if it will have success or not.
If you have any addition post below and I will add.