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
ETH - Ethereum
Blockchain network invented by Vitalik Buterin. Network enabling to run smart contracts and having its own cryptocurrency Ether.
FOMO - Fear Of Missing Out
FUD - Fear, Uncertainty, Doubt
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.
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 .
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
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.
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
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.
POS - Proof Of Stake
POW - Proof Of Work
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.
REKT - Wrecked
"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.
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".
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
WAGMI - We All Gonna Make It
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.
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.