Crypto Dictionary
The web3 space speaks its own language. Learn the crypto slang with our growing dictionary of abbreviations and terms.

ATH - All Time High

AUM - Assets Under Management
Total market value of the investments that a person or entity manages on behalf of clients. It fluctuates daily reflecting the price performance of the assets.

BTC - Bitcoin
Invented by the pseudonym Satoshi Nakamoto. the first cryptocurrency based on blockchain technology that was published in 2008.

BTFD - Buy The F*cking Dip
Recommendation to buy a cryptocurrency. An advice traders give each other to buy a crypto asset that is currently on a low value.

CBDC - Central Bank Digital Currency

DEFI - Decentralized Finance

DEGEN - Degenerate

DEX - Decentralized Exchange

DLT - Distributed Ledger Technology

DYOR - Do Your Own Research
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ERC-20

ETH - Ethereum
Blockchain network invented by Vitalik Buterin. Network enabling to run smart contracts and having its own cryptocurrency Ether.
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ETF - Exchange Traded Fund
Investment fund that tracks the performance of a specific index. By investing in them, you can gain exposure to a diversified portfolio of assets with lower costs than investing in individual securities.

FOMO - Fear Of Missing Out

FUD - Fear, Uncertainty, Doubt
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GAS
Fee charged to a person in order to engage in a transaction or other operation on a Blockchain network.
On the Ethereum network, Gas is the amount of Ether required to process a transaction or run a Smart Contract or Decentralized Application.
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GIT
Open-source and distributed version control system that allows software developers to track changes and coordinate work on different source codes. Keeps a history of changes in shared or private data repositories, essential for peer review .

Header
This practice is used by the Bitcoin blockchain and was first introduced by Satoshi Nakamoto in 2008.

HODL - Hold On For Dear Life

ICO - Initial Coin Offering
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IOTA - Internet of Things Application
Blockchain network designed to record and execute transactions between devices in the Internet of Things ecosystem. Specifically designed to solfe the problem of how to manage a lot of data.
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JOMO - Joy Of Missing Out
Felt by those who choose not to participate in an event or investment that later proves to be a failure. This feeling can be experienced by investors who avoid a failed ICO.
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KYT - Know Your Transaction
Process of verifying and monitoring financial transactions in order to detect and prevent potential money laundering. It involves collecting and analyzing transactional data to identify any unusual or suspicious behavior.
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MEW - My Ether Wallet
Free, open-source utility used for generating ERC-20 wallets (public and private keys) and interacting with the Ethereum blockchain. Currently the most popular ERC-20 wallet generator

MOON - To The Moon
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Metaverse
Refers to a virtual world where people can interact with each other and digital objects in real time. It is an immersive, shared space created by the convergence of physical and digital reality.

NFA - No Financial Advice

NFT - Non Fungible Token

NGMI - Not Gonna Make It

NONCE - Number Used Only Once
This number represents the culmination of a rather technical process in cryptography. In essence, the nonce is the number that crypto miners are ‘solving’ for.
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OTC trading - Over the counter
Process of buying and selling financial instruments directly between parties without the involvement of an exchange. In the Cryptocurrency context, this means P2P or Off-Chain trading of Digital Assets.

POS - Proof Of Stake

POW - Proof Of Work
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Private Key
Sequence of data that enables entry to a digital asset stored in either software or hardware wallet. This key is employed to unlock a digital signature, allowing for the spending or trading of the digital asset.
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QR code - Quick Response
Two-dimensional barcode that can be read by a smartphone's camera, allowing quick access to information. Can be used to provide access to secure digital wallets or to verify transactions on a blockchain network.

REKT - Wrecked
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SAT
"Satoshi" the smallest unit of measurement for Bitcoin. One Bitcoin is equal to 100 million Satoshi. Creator of Bitcoin, Satoshi Nakamoto, who wrote the Bitcoin White Paper.

SCAM
Dishonest or fraudulent scheme that attempts to take money or something of value from people. investment scams often promise you can "make lots of money" with "zero risk".
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SegWit
Protocol that changes how data is stored by moving signature information outside of a block. It also supports second-layer solutions such as the Lightning Network.

TA - Technical Analysis

TOR - The Onion Router

UTXO - Unspent Transaction Output
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VASP- Virtual Asset Service Provider
Business or organization that provides services related to buying, selling, or transferring virtual assets. Includes cryptocurrency exchanges, wallet providers and other similar services.

WAGMI - We All Gonna Make It
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Wallet
A wallet is a place to store your coins and tokens, e.g. Bitcoin or Ethereum. It is a software program that stores private and public keys and enables users to send and receive coins or tokens and monitor their balance.

Web3

WHALE
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X86 virtual machine
It lets developers create smart contracts in familiar programming languages and ensures programs run predictably and securely.
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Yellow paper
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Zero knowledge proof
Blockchain protocol that allows for verification of information without revealing the source. It can be used to verify transactions on a Blockchain without revealing sender, recipient, asset, or amount.