Check out our comprehensive cryptocurrency glossary to help you to understand the basics of Bitcoin, blockchain & cryptocurrencies.
NFT stands for “Non-Fungible Token” and refers to a cryptographic token on the blockchain that cannot be replicated or replaced. NFTs act as certificates for the authenticity and uniqueness of a digital asset and give the owner proof of ownership. NFTs are created via smart contract technology (e.g. ERC-721 token standard). Especially in the art…
In cryptocurrency space the term Moon is used when referring to a sharp rise in the price of a cryptocurrency or the cryptocurrency market in general. The frequently asked question “When moon?” or “When will Bitcoin moon?” refers to the point in time when the price of a cryptocurrency reaches unimagined new heights and “goes…
Bitcoin Mining is the process by which new Bitcoins are introduced to the system. By spending compuation power, Bitcoin miners are securing the network and processing transactions. New transaction records are constantly added to a public ledger of previous Bitcoin transactions. The ledger of previous transactions is referred to as the blockchain because it is a…
The Market Capitalization (Market Cap) indicates the total market value of the circulating supply of a particular cryptocurrency. It corresponds to the free float capitalisation on the stock market. Market Capitalization = Current Price x Circulating Supply. For example, Bitcoin’s current market capitalization is . See also: Circulating Supply, Blockchain Explorer.
The term Lambo is used in the same way as the term moon when referring to a sharp rise in the price of cryptocurrencies. The question “When Lambo?” aims to find out when cryptocurrencies in general or a cryptocurrency in particular will reach a certain price so that its owner can afford a Lamborghini (Lambo…
The acronym ICO stands for Initial Coin Offering. An ICO is a widely used strategy of crowdinvesting to generate funds for new blockchain projects. During an ICO, newly issued cryptocurrencies are typically sold to investors in exchange for fiat currencies or other cryptocurrencies. In the past, there have been repeated cases of so-called exit scams,…
In 2013, the term HODL derived from a misspelling of the word HOLD by a drunken Bitcoin trader who wanted to hold on to his profits instead of selling. One of the first cryptocurrency memes was born. The original forum post on Bitcointalk by the user GameKyuubi can be found here. See also: Cryptocurrency Faucet, No…
The Bitcoin Halving is an recurring event in which the reward provided for mined blocks is halved. It is a deflationary mechanism to reduce the circulating supply of a cryptocurrency and to increase shortage. For example, the reward for validated Bitcoin transactions is halved every 210,000 blocks and was initially 50 Bitcoin (BTC). The first…
The first block in a new blockchain is called Genesis Block. The Bitcoin Genesis Block or Block 0 was mined January 03, 2009 at 7:15 PM GMT+1 by unknown. There was a reward of 50 BTC for mining this block. See also: Blockchain, Blockchain Explorer.
The acronym FUD stands for “Fear, Uncertainty and Doubt”. The term describes a communication strategy in which competitors or, in the crypto context, projects, cryptocurrencies or the entire crypto market are to be weakened by misinformation or negative news. FUD is spread to create “Fear, Uncertainty and Doubt” in order to influence people’s opinions. See also: FOMO,…
1.07%
