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April 20, 2018, 07:41:38 AM |
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ATH:All time high: This means that the price of one coin breaks the highest price in history that has never been achieved.
FOMO: (Fear of missing out): afraid to miss the trend
JOMO: (joy of missing out): happy to miss the trend
Pump: prices increase
Dump: prices plummet
FUD (Fear Uncertainty Doubt): Fear, uncertainty and doubt
Long / Short: Buy / sell orders in margin trading
Moon: Prices soared to new heights
Hodl: The slang word Hold, that is, hold.
Address: The address of a digital wallet, each wallet has different wallet addresses.
Altcoin: Other cryptocurrency cores other than Bitcoin.
Miner: diggers, these are the diggers / diggers of digital money
Mine: mining / digging
ASIC: Acronyms for integrated circuits, application specific. These single-chip silicon-based chips are designed to handle SHA-256 crashes to authenticate transactions and exploit Bitcoin.
Block: This block, which is a permanent record of data stored in Blockchain, acts as a page or ledger. Each block contains and confirms pending transactions. About every 10 minutes, a new block along with the transaction will be added to Blockchain through the digging of the miner.
Fiat currency: The real currency that we are using, this is alluded to as an intrinsically valuable currency but is still considered valuable because the government thinks it is.
Fork: A change in the Bitcoin protocol, which can be interpreted as "software updates" or "bug fixes."
Hard fork: A software update that is required and conflicts with old software, if not updated, will not be able to use the program fork.
Soft fork: A software update that does not conflict with old software, this is just an update to the new and optional features. Can still start old programs without updating soft fork.
Genesis block: The original block in Blockchain.
Hash: The algorithm takes a variable amount of data and converts it into a short, fixed length and fixed piece of data.
Hash rate: The number of hashers a digger can perform over a given period of time (usually one second).
Liquidity: The ability to buy or sell assets of a market combined with a relatively stable price level and consistency between transactions called liquidity.
Multisig: A term that is contracted for multi-signature addresses that allows multiple people to use part of the address with a public key. The ability to access funds from that address requires multiple signatories to access the account. As a result, multisig addresses have much better anti-theft capabilities. (specialized in security)
Node: Refers to a machine running a blockchain that applies to the entire client. It serves to share blocks and transactions on the network using the client-to-client infrastructure.
P2P: Peer-to-peer (P2P) refers to direct cryptocurrency interactions, decentralization between two parties or more. No bank or other financial institution is required as a third party.
Paper wallet: A paper copy containing information about electronic wallets such as bitcoin addresses and their respective private keys. Paper wallets are commonly used to store bitcoins safely with non-software storage.
Private key: The encryption key allows the user to access and move the bitcoin from a specific wallet.
Public key: A known public-key string acts as a bitcoin address when it hashes. This is a key that you can share publicly with others to receive your money.
Satoshi Nakamoto: The creator of Bitcoin
Satoshi: The smallest unit of Bitcoin (0.00000001 BTC)
Transaction block: Compiles bitcoin transactions that are collected into a block, then hashes and adds to the blockchain.
Transaction fee: A small service fee is added to some transactions. This fee is paid to the operator who accumulates the transaction block.
ICO (Initial Coin Offering): A form of solicitation of funds by offering a company's initial token to market a new electronic currency.
Token: The original coin of an ICO project.
source: collect
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