In a collection of Generative NFTs, each NFT has varying rare attributes, but they remain unique. Hence the term “One of One.”
Is a crucial security layer in the world of cryptocurrencies. It requires users to input a randomly generated code from apps like Google Authenticator, in addition to their password, to access their accounts or conduct transactions, significantly enhancing security.
In the world of cryptocurrencies, simply refers to a user’s account on a platform like a crypto exchange. Each account belongs to an individual, identified either by their personal information or a chosen username. These accounts serve various purposes, such as storing, purchasing, or transferring cryptocurrencies.
An “Address” in the cryptocurrency world is your public identity on the blockchain, allowing transactions between wallets. It’s like a bank account number, with transaction transparency.
Receiving NFTs or cryptocurrencies into your wallet without buying them. It can be a good thing, like a gift from collections you already own, but sometimes scammers use it to load your wallet with fake tokens that direct you to a scam website.
Originally from poker, “All-in” means betting all your chips at once. In the cryptocurrency world, it’s equivalent to going “all-in.” This approach is not recommended for beginners or experienced investors. Diversifying your portfolio is often favored to mitigate risk.
In cryptocurrencies, “Alpha” signifies concealed information. Utilizing alpha for speculative purposes in the market is akin to insider trading and is strictly prohibited. In traditional finance, alpha measures investment performance relative to the market. It is expressed as a percentage coefficient and is used to evaluate a trader’s performance and their portfolio’s excess return.
Altcoin refers to any cryptocurrency other than Bitcoin. There are thousands of them, each with its specific features and use cases.
Alt season refers to a period when alternative cryptocurrencies experience significant price increases.
In the crypto world, AMA is a Q&A session where a speaker, often a prominent figure in the blockchain community, answers questions from the audience. It’s a direct way for the community to engage with industry leaders and project teams, usually held on platforms like Reddit or Discord.
It’s a software interface that connects programs and services, allowing them to exchange data and functions. APIs are essential for integrating different software systems.
It represents the annual yield generated by an investment without considering compounded interest. Think of it as the return you get from a regular savings account like Livret A, which doesn’t account for compounded interest. Unlike APY, which does consider compounded interest.
It represents the annual yield generated by an investment, taking into account compounded interest. With compounded interest, the earnings are reinvested over time, leading to more significant gains. Unlike APR, which does not consider compounded interest.
ATH represents the highest historical price point ever reached by a cryptocurrency or NFT. It indicates the peak value an asset has achieved over its entire history.
Buying an asset on one exchange and selling it immediately on another at a different price to profit from the price difference. This strategy applies to various financial assets, not just cryptocurrencies.
ASIC, or Application-Specific Integrated Circuit, is a specialized type of electronic circuit designed for cryptocurrency mining. It provides significantly more processing power than a typical graphics card and is a popular choice among Bitcoin and Ethereum miners.
An asset in the world of cryptocurrencies is a broad term that can refer to anything traded on a blockchain. It’s crucial to specify the specific type of asset to determine its legal status and transaction purpose, such as NFTs or tokens.
A blockchain-specific term, a 51% attack is a malicious maneuver used to target both Proof of Work (PoW) and Proof of Stake (PoS) blockchains. The success of this attack relies on an actor acquiring enough power to interfere with transaction validation and block creation. In PoW, for instance, a 51% attack occurs when a miner controls 51% of the total network’s computing power. The ultimate goal of this attack is to compromise the blockchain’s normally immutable history, allowing actions like double spending.
In the world of investments, a “bag” refers to the portfolio held by an investor or trader. It can include cryptocurrencies, stocks, or other asset types like derivatives or commodities. A bag may contain one or multiple assets and can also describe a substantial quantity of a specific cryptocurrency.
BAYC is short for “Bored Ape Yacht Club,” a popular NFT collection on Ethereum featuring 10,000 unique, generatively designed apes, each with distinct traits and accessories. Owners enjoy access to exclusive groups, commercial usage rights, and ApeCoin (APE) airdrops.
When the value of a market is declining. A bear market is characterized by a prolonged period of falling prices, often accompanied by negative sentiment among investors.
When the value of a market is surging. A bull run refers to a period of sustained price increases in a market, typically driven by positive sentiment and high demand from investors.
A bear trap is a deceptive market situation that lures in sellers before a sudden price increase. It leads traders to believe that a declining market will persist, causing them to sell their assets, only for the market to reverse and rise unexpectedly.
“Bearish” means “Baissier” in French. It’s a term used by investors and traders to describe a declining trend in the cryptocurrency or stock market.
Being bullish means having a positive outlook on the market or a particular cryptocurrency.
In trading, a “Bid” is what buyers are willing to pay for an asset, such as a cryptocurrency or stock. It includes both the price and the quantity the buyer wants to purchase. This term is also common in the world of NFTs, especially during auctions or in the secondary market.
A Bitcoin ATM, or Bitcoin Automated Teller Machine, is a self-service kiosk that enables individuals to purchase Bitcoin using fiat currency or sell their Bitcoin for cash. These physical machines resemble traditional cash ATMs, providing users with a convenient way to engage with the world of cryptocurrencies.
The term “Blockchain” refers to a decentralized ledger that records transaction data, including timestamps, amounts, and senders, since its inception. This ledger is collectively maintained across a network of nodes, ensuring transparency and security. The blockchain is notable for its decentralized nature, free from central control, making it resistant to censorship. Furthermore, all validated data on a blockchain is considered immutable. It employs consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS) to maintain data integrity. As each block in the chain references the previous one, altering data within the blockchain is theoretically impossible, making it a robust foundation for various applications beyond cryptocurrencies.
A blockchain explorer is a tool for viewing transactions and data on a blockchain.
Purchasing an NFT on platforms like OpenSea, Solanart, or Rarible.
The acronym “CBDC,” or “Central Bank Digital Currency,” represents a digital form of fiat currencies like the Euro or the US Dollar. These digital currencies are issued, controlled, and regulated by the central bank of a country or monetary union. CBDCs are typically blockchain-based and function similarly to traditional currencies, allowing for payments and transactions with intrinsic value.
In the world of cryptocurrencies, a chart serves as a visual representation of price movements and market data for various digital assets, such as Bitcoin. Traders rely heavily on analyzing different chart patterns and the information provided by these charts. Charts come in various forms, representing data through symbols, like bars in a bar chart, lines in a line chart, or slices in a pie chart. They can also display tabular numerical data, functions, or specific quality structures, offering a wealth of information. Charts are the foundation for conducting technical analysis and utilizing numerous technical indicators to make informed trading decisions.
Founded in June 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is a prominent American platform that enables investors and traders to buy, sell, and exchange a wide range of cryptocurrencies. Coinbase stands as one of the global leaders among cryptocurrency exchanges and played a pivotal role in introducing cryptocurrencies to the general public.
In the world of cryptocurrencies, a collectible refers to a rare and non-fungible cryptographic digital asset. Unlike cryptocurrencies, where all tokens are the same and thus fungible, collectibles are distinct, unique, and exclusive. These crypto collectibles can resemble real-world items like pets or avatars, but they can also represent more abstract concepts or art pieces. Non-fungible tokens (NFTs) enhance the idea and potential of cryptographic collectibles. Duplicates are not possible, as each NFT is unique and can be stored directly in a digital wallet.
Cold storage is a method of storing private keys offline, meaning they are stored on a device not connected to the internet. This approach helps users reduce the risk of their wallets being hacked and their cryptocurrencies stolen. Cold storage methods can take the form of paper wallets or physical wallets like a Ledger, providing a secure way to protect your digital assets.
Consensus is an agreement among participants in a blockchain network regarding the validity of transactions. Consensus protocols ensure all copies of the blockchain are in sync.
Constantinople is simply the name given to an Ethereum network upgrade implemented on February 28, 2019, at block 7,280,000. This upgrade aimed to safeguard the blockchain against a potential deadlock before implementing Proof of Stake, optimize gas costs for specific operations within the Ethereum Virtual Machine (EVM), and introduce the ability to interact with addresses that were not yet created. In blockchain development, “forks” refer to modifications made to the software protocol. Hard forks are not backward-compatible with previous software versions, requiring node operators to keep their software up to date. Conversely, soft forks are backward-compatible, preserving the network’s integrity as most nodes transition to the new software.
A correction represents a reversal of a trend after a relatively significant upward or downward movement. It is characterized as a sharp price change that seeks to return to its previous levels, both upward and downward. It puts a halt to the overall trend, whether it’s upward or downward. Corrections are typically temporary periods when prices tend to adjust to reach previous levels. Price corrections often serve to consolidate previously reached levels and restore balance between buyers and sellers.
A crypto exchange is a platform where users can trade various cryptocurrencies. These exchanges facilitate the buying and selling of digital assets and provide a marketplace for traders and investors.
Software or hardware for storing, managing, and transacting with cryptocurrencies.
CT, short for “Crypto Twitter,” encompasses the Twitter user community primarily focused on the Web3 space. This niche within the cryptocurrency and cryptography realms is comprised of developers, investors, businesses, influencers, and individuals passionate about cryptocurrency discussions. Crypto Twitter serves as the epicenter of the crypto community, steering emerging market trends through ideas, memes, tweet threads, and various social initiatives. Its mission is to contribute to the democratization and popularization of this new digital frontier.
A DAO is an autonomous entity governed by smart contracts and token holders, with no central authority. It collectively makes decisions on actions to take.
A DAO governance token grants holders voting rights in a decentralized autonomous organization.
DeFi refers to a set of decentralized financial applications offering services like lending, borrowing, and trading without the need for traditional intermediaries. It leverages blockchain technology to create open and permissionless financial systems.
DApp is an acronym for “Decentralized Application.” In the realm of cryptocurrencies, a DApp operates without the need for a centralized server. Its code runs on a decentralized network, often represented by a blockchain. Designed to address the centralization issue inherent in the traditional web, DApps are envisioned as the future of Web3. A DApp is the result of the combination of a smart contract and a user interface. Currently, Ethereum attracts the majority of DApp developers. However, any protocol compatible with smart contract execution can support the deployment of a DApp on its network.
DCA, or Dollar Cost Averaging, is a popular investment strategy tailored for medium to long-term investors. In practice, DCA involves purchasing a cryptocurrency or another speculative asset at regular intervals (daily, weekly, monthly) at a similar price each time. DCA allows investors to accumulate a cryptocurrency while spreading the risk over time. This strategy also shields against the price volatility of a cryptocurrency by avoiding the purchase of a large quantity at a fixed price. DCA represents one of the less risky investment strategies but demands patience from the investor to yield meaningful results.
DDoS, short for Distributed Denial of Service, is a cyberattack aimed at rendering an information system non-functional for a period of time. This type of attack involves sending multiple requests to an information system, effectively disrupting its operation. DDoS attacks are a common occurrence, and information systems must be adequately secured to defend against such assaults.
DeFi, short for Decentralized Finance, is a popular term referring to the realm of decentralized, digital finance. It operates through decentralized platforms with the primary goal of eliminating traditional financial intermediaries like banks and insurance companies. Built on blockchain technology and powered by smart contracts, DeFi offers users the ability to borrow, trade, lend, or secure insurance. Ethereum is the leading blockchain in the DeFi space, hosting the majority of DeFi applications due to the security of its protocol. Any blockchain supporting smart contracts can potentially foster DeFi activity, provided it has sufficient liquidity to ensure the service’s functionality.
Deflation is the opposite of inflation, characterized by a continuous decrease in overall prices. It is measured by tracking the price movement of a basket of consumer goods and services over two different time periods. Deflation can be triggered by overproduction of goods and service offerings, reduced production costs, or a decrease in the circulating money supply.
“Degen” is an abbreviation of the term “degenerate.” In the world of cryptocurrencies, it refers to an investor who conducts minimal research before investing in a project or cryptocurrency. Towards the end of 2021, during the OHM fork season, the term “degen” was frequently used to describe investors in projects that copied the source code of Olympus DAO. This term has evolved significantly with the emergence of NFTs. It has become popular to describe members of the Web3 community who have a strong tendency to quickly jump on newly released collections.
Removing your NFTs from the market, either because prices are rising rapidly and they might get sold, or simply because you’ve changed your mind and decided not to sell.
A “DEX,” or “Decentralized Exchange,” refers to a decentralized trading platform. Created to address the centralization issues found on platforms like Binance, a DEX stands out as being entirely built on the blockchain. The services offered by a DEX are then executed through smart contracts. The key strength of a DEX is that it restores asset ownership to users, whether they are NFTs or cryptocurrencies. There are various types of decentralized exchanges, including AMMs, order book exchanges, and DEX aggregators.
“Diamond Hands” is an expression that refers to steadfast investors who adopt a long-term HODL position. Diamond Hands typically resist the temptation to sell a position in the market. Respected in the community, Diamond Hands help reduce selling pressure during periods of high volatility. Conversely, when a cryptocurrency’s price experiences a strong surge, Diamond Hands maintain their position, hoping for the upward trend to continue. This strategy can be rewarding in the long run but requires substantial mental fortitude to navigate the turbulence often seen in the cryptocurrency market.
A “dip” refers to a temporary drop in the cryptocurrency market. Specifically, it is a period during which the price of a cryptocurrency experiences a significant but temporary decrease. Typically, during a dip, the cryptocurrency’s price will recover relatively quickly to its initial level, or even higher. A dip is often considered one of the best opportunities to invest in a cryptocurrency. It is sought after by traders, yet recognizing a dip is not always straightforward as it represents the lowest point during a downward price movement. Thus, timing is a crucial factor in analyzing a dip. Sometimes, an investor might think they are buying the dip, only to find that the cryptocurrency’s price continues to decline.
In the world of cryptocurrencies, a divergence represents a contradiction between the price of an asset and the information obtained from a technical indicator like the RSI or MACD. For instance, a divergence occurs when a cryptocurrency’s price reaches new highs/lows that contradict the highs/lows observed on the RSI. When a trader observes a divergence, they typically use this information to anticipate a potential reversal in the cryptocurrency’s price, either upward or downward. However, a divergence is rarely used as a sole buy or sell signal but is more often considered as a complementary element within an overall trading strategy.
Sending private messages to someone.
“DPoS” stands for “Delegated Proof of Stake,” and it translates. It is a consensus mechanism that allows cryptocurrency holders to vote in real-time for a specific number of candidates whose role is to ensure the proper functioning and security of a blockchain. Only the elected individuals are responsible for the blockchain’s security. DPoS aims to achieve network consensus by enabling token holders to select a group of delegates who will validate transactions, create new blocks, and maintain the blockchain. This mechanism is known for its scalability, efficiency, and reduced energy consumption compared to Proof of Work (PoW) consensus systems. DPoS is a democratic approach to securing a blockchain, where token holders have a say in its governance and decision-making processes.
The term used to describe the release of new digital collectibles. For example, if a project “drops” at 5 PM, it means you can buy it online at that time.
In the context of cryptocurrencies, “dump” refers to a malicious action: the act of selling off a cryptocurrency or NFT without regard for the market’s consequences. It’s often associated with the term “Pump and Dump,” which signifies market manipulation, especially by influential traders or groups. This results in a significant and often sudden price decline for the affected cryptocurrency. Investors should exercise caution and conduct thorough research to avoid potential financial losses associated with these schemes.
DYOR is a reminder to research and understand investments thoroughly before making decisions.
ENS (Ethereum Name Service) 📛
The acronym “ENS” stands for “Ethereum Name Service” in English, and it’s a naming service utilized on the Ethereum blockchain. ENS enables Ethereum blockchain users to replace their wallet addresses with human-readable names, like “FirstName.eth.” The primary purpose is to substitute the lengthy default addresses with more user-friendly and easily recognizable alternatives. This simplifies the process of sending and receiving transactions, enhancing the overall user experience within the Ethereum ecosystem.
ERCs are technical documents used by Ethereum smart contract developers to outline rules for Ethereum-based tokens, requiring revision and community approval to become ERC standards.
ERC-20 stands for Ethereum Request for Comments, with the number 20 denoting its unique identification within the standard. It serves as a blueprint for Ethereum developers to create tokens on the Ethereum blockchain. This widely adopted standard offers developers an efficient means to build new tokens without the need to create an entirely new blockchain. Tokens developed under the ERC-20 standard are automatically interoperable with services and software supporting ERC-20, such as exchanges, due to Ethereum’s status as the second-largest blockchain after Bitcoin.
ERC-721 stands for Ethereum Request for Comments, with the number 721 denoting its unique identification within the standard. This standard was specifically designed on the Ethereum blockchain for Non-Fungible Tokens (NFTs). Developers can leverage the efficiency of the Ethereum blockchain and the ERC-721 standard to create new NFTs without the need to establish an entirely new blockchain. When developers opt to create new NFTs under the ERC-721 standard, they automatically become interoperable with services and software that support ERC-721, such as NFT platforms. Ethereum ranks as the second-largest blockchain after Bitcoin.
Ethash, or Ethash-Dagger-Hashimoto, is the PoW mining algorithm behind several cryptocurrencies, including Ethereum. It was created by Vitalik Buterin and Thaddeus Dryja in 2013-2014 and blends two core algorithms: Dagger and Hashimoto. Dagger, designed by Buterin, employs directed acyclic graphs (DAGs) to form a massive data structure. Hashimoto, developed by Thaddeus Dryja, enhances ASIC resistance and supports hash mining. This amalgamation produces the efficient and resilient Ethash algorithm.
Created by Vitalik Buterin in 2015, is a blockchain platform. The native cryptocurrency of this network is Ether (ETH), currently the second-largest digital asset by market capitalization after Bitcoin. Ethereum is an open and secure blockchain, enabling developers to build and offer decentralized applications to the public. Its key features include security, reliability, and transparency.
This scam is widespread and occurs when platform operators or project developers disappear with the funds raised from investors or traders, resulting in a complete loss of the funds.
“Fat Finger” refers to an action taken in error, often involving entering the wrong price and resulting in a loss. When a trader presses the wrong key, they are said to have made a “fat finger” mistake. It typically involves a mistake in order input, such as typing incorrect quantities, mixing up the number of shares to sell, or accidentally adding extra zeros. This can lead to significant losses.
Is a website or application where users can earn small amounts of cryptocurrencies by completing tasks. The term “Faucet” comes from the fact that the rewards are tiny, much like the small drops of water from a faucet. Tasks can include watching ads, answering questions, or taking quizzes. The business model is based on sharing advertising revenue between the site and users. While the amounts earned are small, over time, you can accumulate a significant sum.
Represent the charges incurred when buying or selling a digital asset as an investor. The term “Exchange fee” is financial jargon that denotes the costs associated with a stock trade. Similar to brokers and banks, financial intermediaries earn commissions on every transaction, including brokerage fees and custody fees. The Exchange fee is typically a percentage of the transaction’s value and can be either fixed or proportional. These fees apply when trading a digital asset, whether buying or selling.
Currencies issued by governments, such as the US dollar, euro, or yen.
“Floor” means “plancher” in French. This term is used when referring to a “floor price” or “prix plancher.” The floor price is the minimum price set for an item, determining the lowest amount for an NFT within a collection. For example, if the floor price of an NFT collection is 5 ETH, it means that the lowest price an investor will have to pay to acquire an NFT not currently being auctioned is 5 ETH. The floor represents the minimum price to purchase an NFT from a specific collection.
The lowest price at which an NFT is available for purchase. It represents the minimum amount required to buy an NFT from the collection.
FOMO is a dreaded acronym among cryptocurrency investors. It’s that feeling of anxiety that engulfs you when you fear missing out on an investment opportunity. Instead of succumbing to panic, invest wisely!
Is an impulsive purchase driven by the fear of missing out on potential gains.
FOMO altcoins are cryptocurrencies purchased out of fear of missing potential gains.
Is like a split in the crypto community. It happens when the blockchain’s protocol is modified, creating two separate chains. Miners decide which chain to continue with. It’s also a term for software that uses another’s code. Forks occur when miners’ software doesn’t align.
Is the spread of negative information to create fear and uncertainty in the market.
Signifying “friend” since you’re all friends on a joyful mission together.
A “Gap” is a common sight in technical analysis, seen on bar or candlestick charts. It appears when an asset’s price isn’t continuous, like in stock markets. This gap represents the difference between the asset’s price at the market’s close and its price at the opening of the next market session. Gaps come in various forms, like common, breakaway, continuation, or exhaustion gaps.
Gas fees are the costs associated with executing operations on a blockchain, such as transactions and smart contracts. The amount of these fees fluctuates depending on the number of pending transactions and can range from a few dollars to hundreds of euros on Ethereum. Other blockchains are cheaper.
The state of chaos that ensues when the entire NFT community tries to buy the same project simultaneously, driving up gas fees for the entire Ethereum network.
Used to refer to the first release of an NFT collection.
Often used for Profile Picture (PFP) collections, Generative NFTs involve creating visuals randomly using an algorithm. Typically, the same artist designs various attribute variations (shirts, eyes, hair, noses, mouths, accessories, tattoos, etc.), and an algorithm randomly assembles the final “characters” following predefined rarity distribution.
Saying “good morning” to spread optimism in the global community.
Saying “good night” to bid farewell.
Expressing the hope that everyone will understand the value of NFTs.
The “Gossip Protocol” refers to a specific type of communication based on the peer-to-peer (P2P) algorithm that occurs between computers and other digital devices. In the realm of computer science, this protocol involves a form of communication where data is transmitted across various computer nodes that are part of a distributed network. Information is disseminated from one computer to another until it eventually spreads across the entire network. This protocol facilitates the sharing of information among all participants on a particular network or blockchain, for example.
“GPU” stands for “Graphics Processing Unit,” and it is an essential computer component. A GPU is a chip that performs rapid calculations to enhance the rendering of 2D, 3D images, and videos. High-end GPUs are typically used by professionals in the graphics industry and gamers. Numerous GPU models are available, varying in terms of power, power consumption, and price.
“Hachage” refers to a process that reduces the size of a certain amount of data through encryption. This process is based on complex mathematical functions and generates fixed-size outputs from variable-size inputs. It ensures the proper functioning of blockchains and cryptocurrencies, enhancing security within databases. The results of these operations, securing data transactions between multiple systems, are known as “hashes” or “signatures.”
A hack, also known as computer hacking, is carried out by a hacker and involves stealing information or data from businesses, siphoning money from individuals, as well as professionals such as banks. The goal of a hack is to steal, divert, and resell computer data to harm a person or company.
A hard fork is a major update to a blockchain that makes the old rules incompatible with the new ones. This can lead to the creation of a new blockchain.
A hardware wallet is a physical device for securely storing cryptocurrencies.
The term “Hash” is used as a digital signature or fingerprint in computer science and cryptocurrencies. It’s primarily used for security when transferring information between two parties or computer systems. In Bitcoin, this security feature is called SHA-256.
It’s used to describe the mining power of a computer. Hashrate indicates the mining speed and is measured in hashes per second. The higher the hashrate, the more data the computer can process in a single second.
An HD protocol is a protocol that enables the creation and transfer of hierarchical deterministic keys. This allows for the generation of child keys from parent keys within a hierarchy. Wallets utilizing this protocol are referred to as “HD Wallets.”
HODL is a term often used to mean “hold” your cryptocurrencies for the long term rather than selling them.
A HODLer is someone who holds their cryptocurrencies or NFTs for the long term, regardless of market fluctuations.
A “Hot Wallet” is an online cryptocurrency storage wallet connected to the internet. Its vulnerability lies in its internet connectivity, making it susceptible to hacking and potential cryptocurrency theft. Hot Wallets can be accessed through software like Metamask or browser extensions in applications like Chrome and Brave.
An ICO is a fundraising method where a new cryptocurrency is sold to the public for the first time. It’s a way for cryptocurrency projects to raise capital by offering their tokens to investors in exchange for funding.
An ICO exit scam is a fraudulent initial coin offering where the creators disappear with investors’ funds.
💹 Ichimoku, short for Ichimoku Kinkō Hyō, refers to a technical trading indicator.
Developed by Japanese journalist Goichi Hosoda in the late 1930s, Ichimoku is widely used by Japanese traders and has gained popularity in the West due to the wealth of information it provides without the use of external indicators. It offers insights into trends, momentum, and support and resistance levels.
📊 Ichimoku consists of five lines:
A thick cloud indicates high price volatility and strong support/resistance levels, while a thinner cloud suggests the opposite.
When Span A is above Span B, it signifies a bullish market, and vice versa. Crossovers between these two lines can be considered signals of an impending trend reversal.
Chinkou Span is a line that reflects current closing prices shifted 26 periods into the past. Its role is to confirm signals generated by other lines.
For example, when Chinkou faces no obstacles to the upside, it validates a buy signal.
Refers to the fact that once data is recorded on a blockchain, it cannot be altered.
Is a protocol created by Juan Benet in 2015 with the goal of decentralizing the web. This acronym stands for a protocol that enables the decentralized hosting of computer data. Its objective is to revolutionize the distribution of digital files worldwide to make web usage more efficient. To use this protocol, you need to install the IPFS Desktop Application from the Github platform.
IRL, short for “In Real Life,” is an acronym used to distinguish real-life interactions from virtual ones. Popular within gaming and online communities, it highlights the boundary between physical reality and the digital world.
A polite form of FOMO, suggesting that if you understand, you understand.
A “Keystore file” refers to a Java file that stores electronic certificates or security keys, ensuring the secure storage of user certificates and keys. It plays a vital role in digital security.
KYC, or “Know Your Customer,” is a security measure that verifies customers’ personal data and identity, serving as a mandatory step on most platforms to combat money laundering and terrorism (AML-CFT). It involves an identity verification process for users, ensuring compliance with the relevant banking and legislative regulations governing the company’s activities. KYC is instrumental in combating identity theft, tax fraud, and terrorist financing. Controllers collect and rigorously verify data related to each customer’s activities.
“Lambo” is a meme coined by the crypto community, which is a shorthand for Lamborghini, a €180,000 luxury car. The term Lambo is a symbol of the luxury car that investors “symbolically” aim to buy if they become rich through their investments. Crypto traders often consider it a token of success and idolize it, using it as a visual motivator. This meme may turn into reality when investors see substantial profits during a Bitcoin price surge.
“Layer 1” refers to a base blockchain, such as Bitcoin or Ethereum. These blockchains are the primary blockchains within their respective ecosystems. Layer 1 blockchains validate transactions directly on their own blockchain, meaning they don’t rely on any other network. However, a drawback of Layer 1 blockchains is their lack of scalability. Improving these blockchains is complex, primarily due to their intricacy and the disagreement among users regarding upgrades. A Layer 1 blockchain can also be referred to as a first-layer blockchain.
“Layer 2” refers to a secondary blockchain built on top of an existing blockchain system. The purpose of this type of blockchain is to enhance existing blockchains, such as Bitcoin, by addressing issues like transaction speed and high fees. A Layer 2 blockchain can also be called a second-layer blockchain.
Ledger is a French company founded in 2014 specializing in computer programming. They offer a range of physical wallets in the form of a USB key. The platform currently has around 4 million users and focuses on creating highly secure wallets. Their Hardware Wallet is considered one of the most secure systems and has received approval from the French cybersecurity agency, ANSSI. With direct integration with the Ledger Live application, users can perform transactions and store a wide range of cryptocurrencies.
Lending is a loan system that connects individuals who have surplus funds with those in need of liquidity through platforms or decentralized protocols. Lenders provide their available funds to borrowers, who, in return, offer other cryptocurrencies as collateral for repayment. Lenders earn interest on the funds they provide, with interest rates varying between platforms and based on supply and demand within the protocols. Lending allows users to generate interest from their idle assets.
Used to show excitement about something or a project.
The Lightning Network is a second-layer technology designed to address Bitcoin’s scalability and scalability issues. It enables faster, cheaper, and more easily validated transactions. Created in 2013 to facilitate microtransaction payments, this technology adds an overlay to the Bitcoin blockchain to expedite money transfers. Transfer fees are minimal, and validations take no more than 5 seconds. Thanks to the Lightning Network, individuals no longer have to worry about high transaction costs and can exchange funds at lightning speed.
A “Limit Buy” corresponds to a limit order. It is an order that gets executed when an asset, such as a cryptocurrency, reaches a certain price. When using this order type, the user specifies the quantity of cryptocurrencies they want to buy and at what price. The order will not be executed until the user-defined price is reached. This means you could wait for several days, weeks, or even months before the order is filled. This order type is popular because it allows users to place buy orders that can be executed even when they are away.
A “Limit Order” is a widely used order type in both the stock market and the world of cryptocurrencies. This order type allows the user to specify the exact price at which they want to buy or sell an asset, whether it’s a stock or a cryptocurrency. It’s a handy tool when you have a specific price target for buying or selling a certain quantity of cryptocurrencies, for instance. As long as the price you set has not been reached, the order remains pending. This means you may have to wait for hours or even days for your order to be executed.
A “Limit Sell,” or “Limite de vente” in French, is essentially a limit order. It’s a trading order that gets executed when an asset, such as a cryptocurrency, reaches a specific price level. When users employ this type of order, they define both the quantity of cryptocurrencies they want to sell and the desired price. As long as the user-set price has not been reached, the order remains inactive. This means that you might have to wait for your order to execute for days, weeks, or even months. Limit Sell orders are extremely popular, allowing users to place sell orders that can be executed even when they are not actively monitoring the market.
Liquidity mining is a way to earn rewards by providing liquidity to decentralized finance platforms.
A liquidity crisis occurs when there’s insufficient liquidity to meet market demands. In the context of DeFi and financial markets, it refers to a situation where there isn’t enough liquidity available to facilitate transactions and meet withdrawal requests, potentially causing disruptions.
A liquidity pool is a fund where users provide liquidity for decentralized exchanges, earning fees.
Going “long” is like riding a bull in the world of finance. When you take a long position, you’re betting on the price of an asset to go up. It’s a bit like buying low and selling high, but you might use leverage to amplify your potential gains. This strategy is all about optimism, expecting that your chosen asset will increase in value. If the price goes up, you profit. If it goes down, you might experience losses. It’s a classic move in the world of trading and investing.
The primary and operational version of a blockchain, as opposed to test or development networks.
The term “Maker” is used to describe a buy or sell order placed by a user on a platform that isn’t executed immediately. This order is stored in the order book until someone decides to buy or sell at the same price as the maker.
Is a popular tool in the cryptocurrency world, primarily used by traders. It allows users to borrow money from a third party with the goal of amplifying their investment through leverage. This tool is designed to increase potential profits, but it’s essential to be aware that it can also amplify potential losses. Therefore, Margin Trading should be used with caution, as it can lead to significant financial losses.
Market cap is the total value of a cryptocurrency, calculated by multiplying the total number of tokens in circulation by the current token price. It is a key metric used to assess the relative size and value of different cryptocurrencies in the market.
A marketplace is a platform where NFTs and cryptocurrencies can be bought, sold, and traded. These online platforms provide a space for users to engage in trading activities and interact with the digital assets market.
An order to buy or sell executed immediately at the best available price.
A “Masternode” is a server in a PoS blockchain that handles transactions, secures the network, and rewards its owners. To create one, you need to lock a specific amount of cryptocurrency. Owners actively participate in project development and receive regular rewards.
Meme coins are cryptocurrencies created for fun and entertainment, often featuring popular internet memes.
MetaMask is a browser extension wallet launched in 2016 by developers Dan Finlay and Aaron Davis. It supports various cryptocurrencies and allows users to interact with decentralized applications and perform token swaps. Available on browsers like Chrome, Brave, Opera, and Firefox, as well as on iOS and Android. To download, visit the official website.
Minting an NFT means buying it at the sale price. Many people mint NFTs directly from the creators of the collection in hopes of getting a rare item from the project. Minting is considered the primary market, and the user typically receives a randomly generated NFT. It’s a bit like opening a pack in FIFA Ultimate Team.
In the world of cryptocurrencies, a miner is an individual who engages in mining to validate transactions on a Proof of Work (PoW) blockchain through mathematical computations. Miners enhance blockchain security by performing this task. They use RIGs to verify transactions and, in return, receive a certain amount of cryptocurrencies. Miners often join mining pools to increase their chances of earning rewards for solving the mathematical puzzles of a block. ⛓
A group of miners combining their computing power to increase the likelihood of solving blocks and receiving rewards.
Refers to the practice of managing financial investments to mitigate risk. This strategy is utilized by investors and traders to balance profit objectives with the associated risks for each type of investment. It plays a crucial role in optimizing investment performance and safeguarding capital.
Is a security feature that requires multiple authorized parties to sign or validate a document or transaction. It ensures a high level of security by necessitating the approval of a group of individuals before executing a request, such as a fund transfer. This method is commonly used to safeguard digital assets and sensitive transactions.
A reminder that no financial advice is being given.
An NFT is a unique token representing ownership or proof of authenticity of a digital asset, often used for digital art, gaming collections, and more.
Used humorously to acknowledge personal poor decisions.
A computer that is part of a blockchain network, involved in processing transactions and maintaining the blockchain.
A nonce in cryptocurrencies is a unique and random number generated by the protocol. It’s used by miners to validate and identify blocks, preventing double validation and ensuring network security.
“Off chain” refers to operations conducted outside a blockchain’s ledger, such as a transaction. It’s often discussed in the context of scalability solutions like layer 2, where multiple transactions on the main blockchain are executed off chain to reduce network congestion.
“OG” stands for “Original Gangster,” referring to someone who has been involved since the early days of a project when it had limited attention. These OGs can be investors or even the project’s founders, like Vitalik Buterin for Ethereum. In the NFT space, being an OG might mean buying NFTs at lower prices than the general public.
“On chain” refers to operations and transactions conducted directly on a blockchain. These activities are recorded, validated, and secured by the blockchain’s decentralized network of nodes. On-chain transactions are transparent, irreversible, and subject to the blockchain’s consensus rules, ensuring the integrity of the ledger.
The direct trading of cryptographic assets between buyers and sellers, outside of traditional exchanges.
“Open Source” refers to projects or software for which the underlying code is publicly accessible, modifiable, and distributable by anyone. This transparency fosters collaboration, innovation, and trust within the cryptocurrency and blockchain space. Open-source projects allow users to inspect and adapt the code according to their requirements, promoting a decentralized and community-driven approach.
In the financial world, “Options” refer to derivative products that allow investors and traders to speculate on the future price of an underlying asset like a stock or cryptocurrency without owning it. An option provides the right to buy (call) or sell (put) the underlying asset at a predetermined price (strike price) on or before a specific date (expiration date), in exchange for a premium paid to the option seller. Options serve as a form of risk management and can be used for hedging or leveraging market movements.
In the cryptocurrency world, an “Oracle” serves as a data source providing real-time information or variables from the external world to smart contracts, especially in decentralized finance (DeFi). These data sources offer critical inputs such as cryptocurrency prices, which the blockchain itself cannot directly obtain due to its limitations. Including external data directly on the blockchain would significantly impact its performance, making oracles essential for enabling smart contracts to interact with real-world information seamlessly.
An “Order Book” in the realm of cryptocurrency and trading is essentially a ledger where all buy and sell orders for assets such as stocks or cryptocurrencies are listed. Whenever you place a buy or sell order, it gets recorded in the order book, showcasing the current market demand and supply dynamics. Traders often refer to the order book to make informed decisions about their trades.
“OS” stands for “OpenSea,” the leading decentralized marketplace for buying and selling NFTs (Non-Fungible Tokens). OpenSea offers a range of features, including fixed-price listings and auction-style listings for those looking to sell their NFTs. It’s the go-to platform for NFT enthusiasts to explore and trade unique digital assets.
“OTC” stands for “Over The Counter,” referring to the off-exchange trading of assets, often done directly between parties. It’s a method where assets like stocks or cryptocurrencies are traded without a centralized exchange, in a peer-to-peer or bilateral manner. OTC markets are commonly used for large-volume transactions to avoid affecting regular exchange prices and maintain liquidity.
The direct communication and exchange of information or assets between users, without intermediaries.
“Panic buy” refers to the act of impulsively purchasing assets, often seen in the cryptocurrency sector when prices suddenly surge. This behavior is driven by fear of missing out (FOMO) and the urge to capitalize on the rapid price increase. Experienced investors typically avoid such impulsive actions and prioritize risk management.
“Panic sell” occurs in the highly volatile cryptocurrency sector when an individual hastily sells their assets as prices suddenly plummet. This reactive behavior results from panic, driven by a desire to minimize further losses by quickly closing their position. Experienced investors, in contrast, remain calm and focused on effective risk management strategies.
“Paper hands” refer to individuals who swiftly sell their stocks or cryptocurrencies when their value drops. These individuals often panic and sell without a clear investment strategy, earning their name as their hands fold like paper at the slightest sign of distress. Experienced investors, on the other hand, remain composed and employ effective risk management strategies.
A paper wallet is a physical document containing cryptocurrency keys for offline storage.
A “passphrase” is an advanced security feature found in physical wallets such as the Ledger Nano X and Nano S. It involves adding an extra word to your recovery phrase to unlock additional addresses. The original recovery phrase contains 24 words, and the passphrase allows you to select a 25th word, which can include numbers and symbols and must be less than 100 characters. This feature enhances security by creating hidden accounts, ensuring that even if someone maliciously acquires your 24-word recovery phrase, they can only access your regular accounts.
The profile pictures commonly used on social media, often featuring NFTs like punks, apes, cats, etc.
“Pizza Day” refers to an event in the cryptocurrency world. On May 22, 2010, American programmer and Bitcoin miner Laszlo Hanyecz posted on Bitcointalk offering 10,000 Bitcoins in exchange for two pizzas. At the time, these 10,000 Bitcoins were worth only €36. When someone accepted the offer, he shared a picture on social media with the two pizzas. This exchange is now legendary as the first known real-world Bitcoin transaction.
“Play to Earn” refers to video games where users can earn money. In these games, users can farm or collect cryptocurrencies and NFTs that can be sold on the market in exchange for their gaming time. For instance, the cryptocurrencies obtained in-game can be used to purchase in-game items. This model is becoming increasingly popular in the world of cryptocurrencies, with more games adopting this approach.
“PnL” stands for “Profit and Loss,” representing an investor’s or trader’s gains and losses. It is a method available on most exchanges and trading platforms that helps individuals track their investments and assess their results over a specified period, such as a year. Properly managing PnL is crucial for monitoring investment progress.
“POAP” stands for “Proof of Attendance Protocol,” and it’s an Ethereum blockchain protocol utilizing specific smart contracts. These contracts serve to prove your presence at a particular location and time without the need for any central authority. They are often represented as digital badges or NFTs and are used at events like conferences to track and verify participant attendance, similar to physical event tickets.
Refers to cryptocurrencies that are partially created in the first block of the protocol during the cryptocurrency’s launch. This means that these cryptocurrencies may have been mined before the official market release. For instance, if you participate in an ICO, you might receive cryptocurrencies that were pre-mined as rewards.
A list of individuals who gain early access to a project’s release, with a guarantee of acquiring one or more items.
“Price discovery” refers to the process of determining the price of an asset, such as a cryptocurrency, when it surpasses its all-time high (ATH), which is its previous price record. When the price exceeds the ATH and is expected to reach a new record during a period of market euphoria, it is said to be in price discovery. This typically occurs during a bull run in the cryptocurrency ecosystem.
A cryptographic key used to sign transactions and access funds.
A polite way to convey FOMO, sometimes with a touch of irony to downplay a purchase.
“Proof of Stake” (PoS) is an algorithm that achieves distributed consensus on a blockchain, providing security without the need for energy-intensive mining, as seen in Proof of Work (PoW). To participate in securing the blockchain, users must hold a sufficient quantity of the native cryptocurrency tokens. The more tokens a user possesses, the higher their chances of being selected to secure the blockchain and earn rewards in the form of more cryptocurrency. An alternative to PoS is Delegated Proof of Stake (DPoS), where token holders can lock their funds to vote for identified block validators to handle block validation. Notable blockchains using PoS include Tezos and EOS, and Ethereum plans to transition from Proof of Work to Proof of Stake with The Merge.
“Proof of Work” (PoW) is an algorithm used to achieve distributed consensus on a blockchain. This method ensures the security and authenticity of the blockchain by relying on miners to solve complex mathematical problems using mining rigs. Miners validate transactions and create new blocks in exchange for rewards paid in cryptocurrency. The Bitcoin network, for instance, employs PoW, utilizing the SHA-256 algorithm for problem-solving. PoW stands as an alternative to Proof of Stake (PoS), where block validators are selected based on the amount of cryptocurrency they hold and “stake” in the network, rather than through computational work.
A cryptographic key used to receive cryptocurrencies or digital assets.
This term describes a situation where the price of an NFT or the value of a cryptocurrency increases rapidly. For example: “The prices have gone x10 in 30 minutes; this project is really pumping!” Pumping typically refers to a significant and often rapid price increase.
A pyramid scheme is a fraudulent financial scheme where early participants are promised high returns. The money invested by later participants is used to pay the earlier ones, creating the illusion of profit. The scheme collapses when there are insufficient new investors to support the earlier ones or when many participants seek to withdraw their investments simultaneously. Pyramid schemes are abundant in the crypto space, making it crucial to exercise caution and recognize their telltale signs to avoid financial loss.
A QR code, short for Quick Response code, is a two-dimensional barcode containing encoded information. In the world of cryptocurrencies, QR codes are commonly used for swift payment transfers. Users can quickly scan these codes to send or receive payments, enhancing transaction efficiency.
In trading, a “range” refers to a period of price stagnation between two levels. During a range, prices may not experience significant upward or downward fluctuations for weeks or even months. Traders often identify and strategize around these consolidation phases.
A measure of gains or losses relative to an initial investment.
A crypto slang derived from the word “wrecked,” the expression “getting rekt” means “being fooled” or “losing” in English. In the world of cryptocurrencies, getting rekt often involves losing a substantial amount due to a bad investment or falling victim to an exit scam (rug pull).
The term “reveal” refers to the stage during which NFTs in a collection take shape and differentiate from one another. It’s when each unique characteristic of the NFT becomes visible to its owner. Some collections skip the reveal phase, making each NFT fully visible at the time of minting.
In the cryptocurrency world, “reward” refers to the incentives or earnings one can receive by participating in various activities. Commonly, rewards are earned through staking cryptocurrencies on platforms like Binance or Kraken, where they are typically distributed in cryptocurrency form.
NFT projects typically have a roadmap on their website outlining their future plans, including marketing, growth, and new releases. Many projects include giveaways in their roadmap to provide added value to the community, as well as online events, new releases, or development projects, such as games.
RSI, or Relative Strength Index, is an oscillator used by traders to gauge asset strength and trends over a set time period. An RSI below 30 indicates oversold conditions, while above 70 suggests overbought conditions. It’s a valuable tool but should be used in conjunction with other indicators.
A rug pull is a scam where creators of a project suddenly abandon it, taking users’ funds with them.
A “Satoshi” is the smallest unit of Bitcoin, named after its creator, Satoshi Nakamoto.
1 Satoshi (SAT) equals 0.00000001 BTC, and
1 Bitcoin (BTC) consists of 100,000,000 SAT.
It’s crucial for microtransactions and precise pricing.
Scalability, the ability of a system or blockchain to adapt to changing transaction volumes and user activity, is essential for ensuring efficient and smooth operation during periods of high demand. It’s a key factor in blockchain development.
A “Scam” is a fraudulent scheme, and it’s prevalent in the world of cryptocurrency. Scammers aim to deceive individuals to obtain sensitive information or steal their funds. It can be as simple as a deceptive email or a fake website designed to trick users into revealing their personal and financial information. Vigilance is crucial in the crypto space to avoid falling victim to scams.
A “Script” is a computer program that automatically executes predefined actions when triggered by a user’s action, such as clicking a button on a web page. It consists of a sequence of computer commands programmed to perform specific tasks. Scripts are commonly used in websites and various computer systems to streamline and automate processes.
A “Seed Phrase” is a sequence of words that serves as access to a cryptocurrency wallet. NEVER share your seed phrase.
“SegWit,” short for “Segregated Witness,” is a blockchain protocol upgrade, primarily associated with Bitcoin, that segregates transaction data. This change optimizes transaction processing by separating the sender and recipient addresses from the transaction signatures. SegWit effectively reduces transaction size, increasing the number of transactions that can fit in a block. It’s a key innovation for scalability and reducing fees.
Sharding is a technique to improve blockchain scalability by breaking it into smaller pieces.
To shill is to promote a cryptocurrency or NFT aggressively, often for personal gain.
A “shitcoin” is a term used to describe a cryptocurrency without a valid purpose, often lacking technical foundations and intrinsic value. It is typically used for speculative trading due to its potential for high volatility. Some of these coins may be based on memes or promoted with the support of public figures. However, many of them lack genuine innovation and are considered high-risk investments. It’s crucial to research and exercise caution when dealing with such cryptocurrencies.
Sidechains are secondary blockchains that run in parallel to a primary blockchain. By enabling off-chain operations, sidechains greatly enhance scalability and functionality. They can reduce transaction times and costs while expanding the capabilities of the blockchain network. Sidechains play a vital role in optimizing blockchain ecosystems.
NFT data is stored in code on the blockchain in a smart contract, which contains all details about ownership and features.
A soft fork is a blockchain update that makes the new rules compatible with the old ones, without creating a new blockchain.
Solidity is a programming language used on the Ethereum blockchain to develop and implement smart contracts and decentralized applications (DApps). It’s not limited to Ethereum; it can be used on various blockchains. It’s beginner-friendly, making it accessible for both newcomers and experienced developers to learn and utilize.
A stablecoin is a cryptocurrency designed to have a stable value, often pegged to a fiat currency.
Staking is the process of locking up cryptocurrencies to support a blockchain network’s operations, validate transactions, and earn rewards in return.
Take Profit (TP) means “take profits.” Generally used during periods of strong upward volatility in cryptocurrency prices, this term encourages investors to partially exit a position to lock in profits on their initial investment. It’s essential to understand that gains made without exiting the position are only virtual. Therefore, reducing exposure to the market and securing gains is essential. Technically, a trader can automate their Take Profit (TP) by placing a conditional order when entering a position at a predetermined price. This strategy is an important part of risk management and is crucial for a successful trading plan.
The term “Taker” is used to describe an investor or trader who buys an asset such as a stock or cryptocurrency at the market price. In other words, they place a market order because they want their order to be executed immediately. Takers rely on the current buy and sell orders in the order book to determine the prevailing prices and place their order accordingly.
A testnet is an experimental blockchain used by developers to test new features and applications without risk. It typically uses fictional assets, providing a safe environment for testing. Each blockchain has its own testnet to refine developments before going live.
“To The Moon” is an expression frequently used by the cryptocurrency community to signify enthusiasm for a cryptocurrency. Essentially, investors hope for a significant increase in a cryptocurrency’s value and express this by saying “To The Moon.” This expression is often prevalent during bull markets, and it has given rise to numerous memes in the cryptocurrency space. It’s customary to use this phrase accompanied by a rocket emoji to vividly illustrate a cryptocurrency’s price surge.
In the world of cryptocurrency, a token is a digital unit representing a resource or value. There are various types of tokens, including utility tokens used for services and security tokens backed by tangible assets.
A token burn is the deliberate removal of a portion of a cryptocurrency’s supply.
A token swap is an exchange of one cryptocurrency for another, often during a project’s upgrade.
Tokenomics describes the economics of a cryptocurrency, including its supply, distribution, and use cases.
Total Supply (or Max Supply) is the maximum number of tokens that can ever exist in a cryptocurrency’s ecosystem. It’s an essential factor for investors to assess a token’s economics. This should not be confused with Circulating Supply, which is the current quantity available in the market.
A trend represents the overall direction of a market or asset’s price movement. Traders rely on trend analysis to understand market structure. A bearish trend has lower lows and lower highs, while a bullish trend shows higher lows and higher highs. Traders align their strategies with the trend or seek trend reversal signals. Trend analysis is crucial for informed trading decisions.
Uniswap is a popular decentralized exchange for swapping cryptocurrencies and providing liquidity.
A utility token grants access to a forthcoming service or product offered by a project or company. It holds value only for its utility within the ecosystem. Owners acquire these tokens with the intent of utilizing the service or product in the future. Prices can appreciate if the service or product gains popularity.
Vitalik Buterin, born on January 31, 1994, in Russia, is the co-founder of Ethereum, one of the most prominent blockchain platforms. He is also a co-founder of Bitcoin Magazine. Buterin is a well-known figure in the cryptocurrency space, and Ethereum, the platform he co-founded, is currently the second-largest cryptocurrency by market capitalization, following Bitcoin.
Volatility refers to the degree of price fluctuations in an asset, such as a cryptocurrency, either upwards or downwards. The cryptocurrency sector is known for its high volatility. When the price of a cryptocurrency is stable, it has low volatility, indicating less risk. Conversely, if a cryptocurrency’s price experiences significant fluctuations, both upwards and downwards, it exhibits high volatility, signaling greater risks.
In the world of cryptocurrency trading, the term “Wall” refers to a large buy order that represents a substantial volume in the market. This order is often described as a “Wall” on the order book of the trading platform.
You already know what a wallet is in the real world, and it’s the same in the crypto world. It’s a place to store your cryptocurrencies. With a wallet like Metamask, for example, you can buy NFTs and trade cryptocurrencies.
The term “Web 1.0” refers to the traditional internet that began in the 1990s. It was characterized as a static internet, primarily used by large companies to share information. Websites were more like catalogs, offering information about products or services.
The term “Web 2.0” refers to the social internet that emerged in the 2000s. This new version of the internet is primarily based on sharing, exchanging information, photos, and videos. It gave rise to the first social networks, blogs, and mobile phones. Web 2.0 is centered around virtual socialization and interaction among users.
Web3, or Web 3.0, is a decentralized version of the internet made possible by blockchain and cryptocurrencies. It represents the next phase of the internet’s evolution, emerging in recent years. Web3 aims to eliminate intermediaries such as banks and other platforms, giving users more autonomy and control over their online experiences. It aligns with the fundamental principles of blockchain, providing a decentralized, trustless environment.
A whale is an investor or entity that holds a large amount of cryptocurrency, capable of influencing markets.
A whale wallet belongs to an individual or entity with an extremely large holding of cryptocurrencies.
A list of authorized addresses allowed to participate in a token sale or ICO.
Created in 2015, this domain is used primarily for online services and is often employed by website developers looking to expand their projects internationally.
It’s a popular choice when the .com domain is already in use or when differentiation and memorability are key factors.
Today, there are approximately 10 million websites using this TLD. It’s a versatile option for various online ventures.
Yield farming involves staking cryptocurrencies to earn rewards in the form of more tokens.
