Table of contents
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Airdrop : a marketing technique.
Alpha : valuable or insider info.
Altcoin : initially used to refer to any cryptocurrency that wasn’t Bitcoin
Ape : someone who invests heavily into a crypto or stock.
ATH : All Time High
ATL : All Time Low
Bear Market : prolonged period of decline in a financial market.
Bearish : similar to a bear market, this refers to holding a pessimistic view of a market or asset’s value.
Bitcoin : the very first decentralized, peer-to-peer, digital currency.
- Block : Every block contains information about the previous block, thus, chaining them together.
- Blockchain : Blockchains are the core technology on which cryptocurrency protocols
Blockchain Domains : NFT domains
Block explorer : a tool for browsing information on a blockchain, such as transactions, wallet addresses, market caps, and hash rates.
Bridge : a protocol allowing separate blockchains to interact with one another.
Buidl - “build”.
Bull Market : a period where market prices are rising.
Burn : the process of removing tokens from a cryptocurrency’s circulating supply, usually done by sending them to an inaccessible wallet address.
Centralized : a hierarchical structure in which authority and control are concentrated within a small group of decision makers.
CEX : Centralized Exchange
CeFi : Centralized Finance
Coin : a cryptocurrency built on its own native blockchain,
Consensus : consensus is necessary for new transactions to be verified and new blocks to be added to the blockchain.
Consensus Mechanism : a process through which nodes on a blockchain come into agreement on a transaction or state of the network(Proof of Work,Proof of Stake)
Cryptocurrency : a digital currency designed to be used as a medium of exchange.
DAO : Decentralized Autonomous Organization
Dapp : Decentralized Application
Decentralized : a system that operates without the control of a central figure or authority.
Degen - degenerate gambler.
DeFi : Decentralized Finance
DEX- Decentralized Exchange
EIP : Ethereum Improvement Proposal
ERC : Ethereum Request for Comments
ERC-20 : the Ethereum token standard, providing a standardized smart contract structure for fungible tokens.
ERC-721 : an Ethereum token standard that allows for the formation of unique tokens, otherwise known as NFTs
ERC-1155 : an Ethereum token standard which allows for fungible, non-fungible, and semi-fungible tokens to be managed by a single smart contract simultaneously.
Ethereum : a public blockchain serving as the foundation for decentralized applications.
Fiat : a currency established as legal tender, often backed and regulated by a govt.
FOMO : Fear Of Missing Out
Fork : a change to a blockchain’s protocol.
FUD- Fear, Uncertainty, and Doubt.
Fungible : exchangeable with something else of the same kind.
Gas : a fee paid by a user to conduct a transaction.
Genesis Block :the very first block of a blockchain network.
gm : simply meaning “good morning”.
Gwei - 10^9 gwei = 1 ether.
Hard Fork : a fundamental change to a blockchain that is not compatible with the existing protocol,
Hashing : the process of taking an input of any size and producing a corresponding fingerprint of a fixed-length
Hash rate : this is the rate at which a computer can generate guesses to a cryptographic puzzle.
HODL : an expression meaning “hold”.
ICO : Initial Coin Offering.
IEO : Initial Exchange Offering .
Key :refers to public key, private key.
L1 : Layer 1
L2 : Layer 2
L3 : Layer 3
Liquidity: a measure of how easily an asset can be bought, sold, or traded in a given market or on an exchange
Liquidity Pool : a collection of user-provided fundslocked into a SC to facilitate trading on a DeFi platform
Mainnet : short for main network.
Market Cap : the total value of an asset based on its current market price.
Metaverse : a virtual world.
- Mining : this is the process of verifying transaction, organizing them into block and then adding block to the blockchain.
Minting : the process of validating information, such as domain ownership, and registering that onto the blockchain.
NFT : Non-fungible token
NGMI : not gonna make it
Node : any device connected to a blockchain network.
P2P : Peer-to-Peer
PFP : profile picture, usually referring to one of an NFT.
Private Key : your wallet password
Public key : uses to point to your wallet address
PoS : Proof of Stake
PoW : Proof of Work
Rug pull : a scam maneuver where a crypto project takes the funds that have been invested into its protocol and runs.
WAGMI : We alll goona make it
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