I thought of this for a long time and I had to come up with this task so as to help newbies understand the platform a bit clear of some acronyms and its full meaning so if they see it some where they could tell what it is and how to follow up if it means to do so. I had to do this based on a particular post (
https://bitcointalk.org/index.php?topic=5454780.0) as raised by a newbie asking to know a particular acronym which s/he knows not. I have no idea if such a thread already exist but i just think this would help them a lot to get acquainted onboard the platform as the case maybe.
Since this is the thread for Beginners & Help which invariably means that newbies would likely or definitely flood here to get updates on how the forum operates and getting some vital information to keep them abreast of activities. It would be in a good position to do the the needful seeing it here if there is any of such in any other board hence my making this post here for all newbie to see for themselves.
I stand to be corrected if there are any observations and possible relocation of this thread. Your opinions are all welcomed.
ACRONYMS AND THEIR FULL MEANING ACRONYM MEANING BTC Bitcoin
OP Original Post or Original Poster
DYOR Do Your Own Research
DT Default Trust
ATH All Time High
ATL All Time Low
BTD Buy The Deep
DAO Decentralized Autonomous Organisation
DAPP Decentralized Application
DEFI Decentralized Finance
FOMO Fear Of Missing Out
FUD Fear Uncertain and Doubt
HODL Hold
KYC Know Your Customer
NGMI Not Gonna To Make It
WAGMI We're All Gonna Make It
AI Artificial Intelligence
CFNP Close For New Participants
DLT Distributed ledger Technology
AMA Ask Me Anything
ALT Alternative Cryptocurrency
2FA Two Factor Authentication
API Application Programming Interface
CMC Coin Market Cap
DDoS/DoS Distributed Denial of Service
DEX Decentralized Exchange
CEX Centralized Exchange
DPoS Delegated Proof of Stake
POW Proof of Work
POA Proof of Auhority
POB Proof of Burn
POD Proof of Developer
ICO Initial Coin Offering
IDO Initial Dex Offering
IEO Initial Exchange Offering
IFO Initial Future Offering
ITO Initial Token Offering
STO Security Token Offering
SATS Satoshis; smallest unit of bitcoin denomination
mBTC Millibitcoin
uBTC MicroBitcoin
MCAP Market Capitalization
NFT Non Fungible Token
P2P Peer-to-Peer
PnD Pump and Dump
SegWit Segregated Witness (Bitcoin wallet)
TxID Transaction Identification
VPN Virtual Private Network
Nevertheless, the above acronyms and meaning are frequently used here and there are more of these acronyms too numerous to mention but all are still useful if you will need to go further in research findings. See below a link whereby you can be able to get to know more of these acronyms and their various meanings.
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