π· Crypto & Blockchain Glossary
Key terms every investor should know
π° Basic Crypto Terms
- Altcoin β Any cryptocurrency other than Bitcoin (e.g., Ethereum, Solana).
- Blockchain β A decentralized digital ledger recording all transactions.
- Fiat Currency β Government-issued money (USD, EUR, etc.).
- HODL β Slang for holding crypto long-term instead of selling.
- Market Cap β Total value of a cryptocurrency (Price Γ Circulating Supply).
βοΈ Technical Terms
- DeFi (Decentralized Finance) β Financial services without banks (lending, trading).
- NFT (Non-Fungible Token) β Unique digital assets (art, collectibles).
- Smart Contract β Self-executing code on blockchain (e.g., Ethereum).
- Gas Fee β Transaction cost on networks like Ethereum.
- Stablecoin β Crypto pegged to a stable asset (e.g., USDT, USDC).
π Trading & Investment
- Bull Market β Prices rising; optimism.
- Bear Market β Prices falling; pessimism.
- DYOR β “Do Your Own Research” before investing.
- FOMO β “Fear Of Missing Out” leading to impulsive buys.
- Whale β Large investor who can influence prices.
π Security & Wallets
- Cold Wallet β Offline storage (e.g., Ledger, Trezor).
- Hot Wallet β Online-connected wallet (e.g., MetaMask).
- Seed Phrase β 12-24 word backup to restore a wallet.
- Rug Pull β Scam where developers abandon a project.
- 2FA (Two-Factor Authentication) β Extra login security step.
π Web3 & Mining
- Web3 β Decentralized internet powered by blockchain.
- PoW (Proof of Work) β Mining-based consensus (Bitcoin).
- PoS (Proof of Stake) β Staking-based consensus (Ethereum 2.0).
- Airdrop β Free crypto distributed to holders.
- DAO (Decentralized Autonomous Organization) β Member-governed group.
π Pro Tip:
Bookmark this page! Crypto jargon evolves fastβweβll keep it updated.
Missing a term? Let us know at contact@cryptoking.cfd!
