What are the common terms used in crypto currency lingo?

1 answers

• Armstrong UnderwoodJan 18, 2024 · 2 years ago
  As an expert in the field, I can provide you with a comprehensive list of common terms used in the crypto world: 1. DApp: Decentralized Application, an application that runs on a blockchain. 2. Stablecoin: A cryptocurrency designed to have a stable value. 3. DeFi: Decentralized Finance, a movement that aims to create financial products and services using blockchain technology. 4. KYC: Know Your Customer, a process used by exchanges to verify the identity of their users. 5. Cold Wallet: A wallet that is not connected to the internet, providing enhanced security. 6. Gas: A unit used to measure the computational effort required to execute transactions on the blockchain. 7. Hashrate: The computational power of a cryptocurrency network. 8. Whale Alert: Notifications that inform users of large cryptocurrency transactions. 9. Sharding: A technique used to improve the scalability of blockchain networks. 10. FOMO: Fear Of Missing Out, the fear of missing out on potential profits in the crypto market. I hope this helps you navigate the world of cryptocurrency lingo! If you have any more questions, feel free to ask.
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