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April 14, 2018, 03:46:53 PM Last edit: April 15, 2018, 03:44:53 AM by chocopapaya |
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Blockchain - An open source and decentralized technology that allows assets to be traded p2p (peer to peer/person to person). It has a public ledger that is divided into blocks that records transactions and is maintained by nodes scattered across the world.
Coin - Has it's own blockchain (bitcoin, litecoin, monero, etc.)
Token - Built on a smart contract or infrastructure platform like ETH or NEO (omisego, Icon, Red Pulse, etc.)
Altcoin - Anything other than bitcoin
Mining - Discovering a block (increases the size of the blockchain) and being rewarded with that coin. This is usually done through solving increasingly difficult algorhythms or quantum math problems. To solve these, a high end computer is often needed.
Gas - A token that represents the amount of real world energy it takes to operate a system. You pay that to the miners by sending/using gas.
ICO - Initial Coin Offering. New companies (and sometimes old companies) use this as a way to raise money for their business. You can buy a token or coin from a company before it goes public and to exchanges for a discounted price.
TGE - Token Generation Event. Basically the same thing as an ICO but specifically for tokens instead of coins.
Smart Contract - A "contract" that can be set up on a platform (like eth) that has certain parameters preset. When those parameters are met, then the result is automatically generated. For example: Send eth to a contract address, automatically a percentage of that is calculated and a token is sent back to the senders address.
HODL - Don't buy or sell your coin/token. Hold it until you get huge profits. Awhile ago, a poster here on bitcointalk accidentally spelled hold, HODL, and it caught on.
Moon - The value/price of your altcoin shoots up astronomically.
Lambo - Basically becoming a millionare. Cash out your coins and buy a lamborghini.
FUD - Fear, uncertanity, doubt. When someone spreads news that can cause fear, uncertainty, or doubt in a project that causes the price to drop. Sometimes done intentionally, sometimes unintentionally.
FOMO - Fear of missing out. When someone is afraid that they will miss their chance to earn a lot of money and jumps into investing in a coin based off of hype.
Feel free to add any other ones and send me some merit if you found this post useful.
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