π¨ Chainlink PRICE PREDICTION For Bull Market Top!!! π¨
Regardless if your New or Old to crypto, it’s always good to see what the latest crypto vocabulary is.
A-B
- Airdrop β Distribution of free tokens to promote a project.
- Altcoin β Any cryptocurrency other than Bitcoin.
- ATH (All-Time High) β The highest price a cryptocurrency has reached.
- Bagholder β Someone holding a crypto that has lost significant value.
- Bear Market β A prolonged period of declining prices.
- Block β A group of transactions recorded on a blockchain.
- Blockchain β A decentralized digital ledger of transactions.
- Bull Market β A prolonged period of rising prices.
- Burning β Destroying tokens to reduce supply.
- Byzantine Fault Tolerance (BFT) β A property of a blockchain to remain functional even if some nodes fail.
C-D
- CBDC (Central Bank Digital Currency) β Digital currency issued by a central bank.
- Chainlink β A decentralized oracle network.
- Cold Wallet β Offline storage of cryptocurrencies.
- Consensus β Agreement among network participants on data validity.
- Cryptography β The practice of secure communication.
- dApp (Decentralized Application) β An application running on a decentralized network.
- DAO (Decentralized Autonomous Organization) β A community-led organization without centralized authority.
- DeFi (Decentralized Finance) β Financial services without intermediaries.
- Double Spend β Attempt to spend the same cryptocurrency twice.
Dump β Selling a large number of tokens, leading to a price drop.
E-F
- ERC-20 β A standard for Ethereum tokens.
- ERC-721 β A standard for non-fungible tokens (NFTs).
- Exchange β A platform for buying, selling, and trading cryptocurrencies.
- Faucet β A website that gives small amounts of free crypto.
- Fiat β Traditional government-issued currency like USD.
- Flippening β The hypothetical event of Ethereum surpassing Bitcoin in market cap.
- Fork β A change or split in a blockchain.
- FOMO (Fear of Missing Out) β Anxiety of missing investment opportunities.
- FUD (Fear, Uncertainty, and Doubt) β Negative information spread to affect prices.
- Full Node β A computer that stores a complete copy of a blockchain.
G-I
- Gas β Transaction fees on the Ethereum network.
- Genesis Block β The first block on a blockchain.
- Governance Token β Tokens giving holders voting rights in a project.
- Halving β Reduction of mining rewards, typically for Bitcoin.
- Hash β A unique string representing data.
- Hash Rate β The computational power used for mining.
- HODL β βHold On for Dear Life,β meaning to hold investments despite market dips.
- ICO (Initial Coin Offering) β Fundraising method for new crypto projects.
- Immutable β Incapable of being altered, a key blockchain property.
- Interoperability β The ability of different blockchains to communicate.
J-L
- JOMO (Joy of Missing Out) β Satisfaction from avoiding risky investments.
- KYC (Know Your Customer) β Verification process requiring user identity information.
- Layer 1 β The base blockchain, like Bitcoin or Ethereum.
- Layer 2 β Scaling solutions built on top of Layer 1 blockchains.
- Ledger β A record-keeping system.
- Liquidity β Ease of converting assets into cash.
- Liquidity Pool β A pool of funds for decentralized trading.
- Long β Betting on a price increase.
- LTV (Loan-to-Value) β Ratio used in crypto lending.
- Lightning Network β A Layer 2 solution for Bitcoin transactions.
M-O
- Mainnet β The live version of a blockchain.
- Market Cap β Total value of a cryptocurrency (price Γ circulating supply).
- Maximalist β Someone who believes only one cryptocurrency is superior.
- Mempool β A collection of pending transactions.
- Merkle Tree β A data structure used in blockchains.
- Mining β Verifying transactions and adding them to the blockchain.
- Minting β Creating new tokens or NFTs.
- NFT (Non-Fungible Token) β A unique digital asset.
- Node β A computer that participates in a blockchain network.
- Oracle β A service that provides external data to smart contracts.
P-R
- Paper Wallet β A printed record of private and public keys.
- P2P (Peer-to-Peer) β Direct interaction without intermediaries.
- Private Key β A secret code to access cryptocurrency.
- Proof of Stake (PoS) β Consensus mechanism using staked coins.
- Proof of Work (PoW) β Consensus mechanism using computational power.
- Public Key β The address used to receive cryptocurrency.
- Pump and Dump β Inflating a tokenβs price to sell at a profit.
- Rekt β Heavy financial loss.
- ROI (Return on Investment) β Measure of investment profitability.
- Rug Pull β A scam where developers disappear with investor funds.
S-U
- Satoshi β The smallest Bitcoin unit (0.00000001 BTC).
- Satoshi Nakamoto β Bitcoinβs mysterious creator.
- Scalability β The ability to handle increased demand.
- Seed Phrase β A recovery phrase for a crypto wallet.
- Sharding β A scalability solution dividing the blockchain into smaller parts.
- Short β Betting on a price decrease.
- Smart Contract β Self-executing agreements with coded rules.
- Stablecoin β A cryptocurrency pegged to a stable asset.
- Staking β Locking crypto to support a network and earn rewards.
- Tokenomics β The economics of a token.
V-Z
- Validator β A participant in PoS networks.
- Volatility β The rate of price fluctuations.
- Wallet β A tool for storing cryptocurrencies.
- Wash Trading β Fake trading to inflate volume.
- Whale β An individual or entity holding a large amount of cryptocurrency.
- White Paper β A document explaining a crypto project.
- Yield Farming β Earning rewards by lending or staking crypto.
- Zero-Knowledge Proof β A way to prove possession of information without revealing it.
Miscellaneous
- 51% Attack β When an entity controls most of a networkβs hash rate.
- Atomic Swap β Direct exchange of cryptocurrencies without intermediaries.
- Cross-Chain β Communication between different blockchains.
- Decentralization β Lack of a central authority.
- Dusting Attack β Sending small amounts of crypto to track wallet activity.
- Hard Fork β A major blockchain protocol change.
- Soft Fork β A minor protocol update.
- Synthetic Asset β A tokenized representation of real-world assets.
- Token Burn β Permanent removal of tokens.
- Utility Token β Tokens providing access to a product or service.
- Vanity Address β Customizable crypto wallet address.
- Wrapped Token β A token pegged to another asset, like Wrapped Bitcoin (WBTC).
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