Terms you should know if you are in crpto space

Newbie or beginner mostly don't know these terms usually Please have a look just to make sure you know basics:

A
Address : Like your home home address where people send specific crypto.
: All coin except bitcoin

B
Bitcoin : First cryptocurrency most known one.
: Guy who have invested in crypto space earlier and now made millions in crypto.
Block : A group of transactions that are like pages in a record book

C
Cryptocurrency : A currency using cryptography mathematics. There are more than 1500 cryptocurrencies.

D
Decentralised : Best thing about cryptocurrencies. Where their is no authority, government of company to look your transactions or to govern. Which means no central authority.

Digital Currencies : At times cryptocurrency are referred.

E
Exchanges: The place where cryptocurrencies are traded.

F
Fork: A split that occurs when a group of developers decide to change the system.
FUD: Fear Doubt and Doubts.

G
Gas Limit

H
Halving : The reduction of mining rewards.
Hashing : Hashrate is the speed at which a block is discovered and the rate at which the related math problem is solved.
HODL : Funny term to day Hold. Hodl Man.

I
ICO : Initial Coin Offering. Initial place for cheap coin. From the place from where cryptocurrencies comes from.

M
Mining: Term used for discovering and solving blocks along the blockchain. A reward is given for solving the algorithm and lengthening the chain, called a mining reward.

N
Nodes : Connection point that can receive, create, store or send data along distributed network routes
Noob: Someone new to crypto.

P
Peer2Peer : In a “Peer To Peer” network, the “peers” are computer systems which are connected to each other via the Internet.
POS : “Proof of Stake” is less energy intensive as it doesn’t require computational power like PoW.
POW : “Proof of Work” takes up a lot of electricity as it is the method of proving that the miner’s computer solved the complex math problem.
Public/Private Keys: Public keys can be used by any party to encrypt a message. The private keys are known only by the person receiving the message.
Pump & Dump: Crypto trading tactic used to quickly increase the price of an altcoin when a group of investors work together to buy at the same time. The price quickly shoots up & then unsuspecting investors begin to buy as well thinking that something good is happening. By the time they own the altcoin, the pump team has already sold (dumped) leaving an overpriced coin in the hands of those not in on it.

V
Virtual Currency: Referred to cryptocurrencies.

W
Whales : Wealthy investors who buy a large portion of a coin in hopes to control its price in a way that favors them.
White Paper: This is a company’s business plan and is typically found on their home page around the time of their ICO. For some reason the standard ICO White Paper tends to be around 32 pages. The 1st crypto white paper written by Satoshi Nakamoto (Bitcoin inventor & no one knows who he actually is) can be found on the link to the right.

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