CRYPTO JARGON
Your essential glossary for understanding Crypto jargon
Here's a comprehensive crypto glossary, organized alphabetically, to help you navigate the world of cryptocurrency and blockchain technology:
A
Altcoin: Any cryptocurrency other than Bitcoin. Examples include Ethereum, Litecoin, and Ripple.
APE: To invest heavily in a cryptocurrency without much research, often driven by hype.
APEDMOON: A slang term referring to the act of investing in a cryptocurrency with the expectation that its value will skyrocket.
B
Base Network: A blockchain network that serves as the foundation for other applications and protocols.
Bitcoin (BTC): The first and most well-known cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto.
Blockchain: A decentralized digital ledger that records transactions across many computers in a way that the registered transactions cannot be altered retroactively.
Bull Run: A period during which the prices of cryptocurrencies are rising or are expected to rise.
Bullish: A term used to describe a positive outlook on the market or a particular cryptocurrency, expecting prices to rise.
Buy: The act of purchasing cryptocurrency.
C
Candles: A type of chart used in technical analysis that displays the high, low, open, and close prices of a cryptocurrency for a specific period.
Chads: A slang term for confident and successful traders or investors in the crypto space.
Cold Wallet/Cold Storage: A method of storing cryptocurrencies offline to protect them from hacking.
Contract: In crypto, often refers to a smart contract, which is a self-executing contract with the terms of the agreement directly written into code.
D
Decentralized Autonomous Organization (DAO): An organization represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government.
Decentralized Finance (DeFi): Financial services using cryptocurrencies that aim to recreate traditional financial systems such as banks and exchanges with cryptocurrency.
Dip: A temporary drop in the price of a cryptocurrency, often seen as a buying opportunity.
E
Ethereum (ETH): A decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party.
F
Farmers: Individuals or entities that participate in yield farming, earning rewards by providing liquidity to DeFi protocols.
FDV (Fully Diluted Valuation): The market capitalization of a cryptocurrency if all possible coins or tokens were in circulation.
FOMO (Fear of Missing Out): The feeling of anxiety that an investor might experience when they think they are missing out on a potentially profitable investment opportunity.
FUD (Fear, Uncertainty, and Doubt): A strategy to influence perception by spreading negative, misleading, or false information.
G
Gas: A fee required to conduct a transaction or execute a contract on the Ethereum blockchain.
GO+ Security: A platform or service that provides security audits and assessments for blockchain projects.
H
HODL: A misspelling of "hold" that has become popular in the crypto community, meaning to keep holding onto your cryptocurrency investments regardless of price fluctuations.
I
nitial Coin Offering (ICO): A fundraising method used by new cryptocurrency projects to raise capital by selling a portion of their cryptocurrency to early backers.
J
Jeeting: A slang term for selling off cryptocurrency holdings quickly, often in response to market panic.
L
Liquidity: The ease with which a cryptocurrency can be bought or sold in the market without affecting its price.
Litecoin (LTC): A peer-to-peer cryptocurrency created by Charlie Lee as a "lighter" version of Bitcoin, with faster transaction times.
M
Makers: Participants in a market who provide liquidity by placing buy or sell orders.
Market Cap: The total value of a cryptocurrency, calculated by multiplying its current price by its total supply.
Meme Coins: Cryptocurrencies that are often created as a joke or meme but can gain popularity and value.
Mining: The process of using computational power to validate transactions and add them to the blockchain, often rewarded with cryptocurrency.
Moon Bag: A portion of cryptocurrency holdings set aside in anticipation of a significant price increase.
N
Node: A computer that participates in a blockchain network by maintaining a copy of the blockchain and sometimes processing transactions.
P
Penny Stocks: Low-priced stocks, often highly speculative, similar to low-priced cryptocurrencies.
Private Key: A secret key used to access and manage one's cryptocurrency holdings.
Public Key: A cryptographic code that allows a user to receive cryptocurrencies into their account.
Pump and Dump: A scheme that involves artificially inflating the price of a cryptocurrency to sell at a profit before the price crashes.
Pumping: The act of driving up the price of a cryptocurrency through coordinated buying.
Q
Quick Intel: A tool or service that provides fast and detailed information about cryptocurrencies and market trends.
R
Ripple (XRP): A digital payment protocol and cryptocurrency designed for fast and low-cost international money transfers.
Rugging: A scam where developers abandon a project and run away with investors' funds.
S
Satoshi: The smallest unit of Bitcoin, named after its creator, Satoshi Nakamoto. One Bitcoin is equal to 100 million satoshis.
Sell: The act of selling cryptocurrency.
Shit Coins: Cryptocurrencies with little to no value or potential, often created as jokes or scams.
Smart Contract: A self-executing contract with the terms of the agreement directly written into code, running on a blockchain.
SOLANA (SOL): A high-performance blockchain supporting builders around the world creating crypto apps that scale today.
Stablecoin: A type of cryptocurrency that is pegged to a stable asset, like the US dollar, to minimize price volatility.
T
Token: A digital asset issued on a blockchain, representing a unit of value or utility.
Tokenomics: The study of the economics of a cryptocurrency, including its supply, distribution, and incentives.
Token Sniffer: A tool or service used to analyze and detect potential scams or issues with cryptocurrency tokens.
Trade Volume: The total amount of a cryptocurrency traded within a specific period.
Txns: Abbreviation for transactions, referring to the transfer of cryptocurrency from one address to another.
V
Volume: The amount of a cryptocurrency that has been traded over a specific period.
W
Wallet: A digital tool that allows users to store and manage their cryptocurrencies.
WETH: Wrapped Ether, a token that represents Ether (ETH) on the Ethereum blockchain, allowing it to be used in decentralized applications.
Whale: An individual or entity that holds a large amount of cryptocurrency, capable of influencing market prices.
Watchlist: A list of cryptocurrencies that an investor monitors for potential trading opportunities.
Y
Yield Farming: The practice of earning interest or rewards by lending or staking cryptocurrency in DeFi protocols.
This glossary should help you understand the various terms and concepts in the cryptocurrency world!