ā¢ Altcoin: Alternative Coin ā Any cryptocurrency other than Bitcoin.
ā¢ ASIC: Application-Specific Integrated Circuit ā A specialized device designed for efficient cryptocurrency mining.
ā¢ CEX: Centralized Exchange ā A crypto trading platform operated by a centralized organization, such as Binance.
ā¢ DEX: Decentralized Exchange ā A peer-to-peer platform for trading cryptocurrencies without intermediaries.
ā¢ DAO: Decentralized Autonomous Organization ā An organization governed by smart contracts and community consensus on a blockchain.
ā¢ DeFi: Decentralized Finance ā Financial services built on blockchain technology, eliminating the need for traditional intermediaries.
ā¢ dApp: Decentralized Application ā An application that runs on a blockchain network, utilizing smart contracts.
ā¢ EVM: Ethereum Virtual Machine ā The runtime environment for executing smart contracts on the Ethereum blockchain.
ā¢ NFT: Non-Fungible Token ā A unique digital asset representing ownership of a specific item or piece of content.
ā¢ PoW: Proof of Work ā A consensus mechanism where miners solve complex puzzles to validate transactions and secure the network.
ā¢ PoS: Proof of Stake ā A consensus mechanism where validators are chosen based on the amount of cryptocurrency they stake.
ā¢ ATH: All-Time High ā The highest price ever reached by a cryptocurrency.
ā¢ FOMO: Fear of Missing Out ā The anxiety that one might miss a profitable investment opportunity.
ā¢ HODL: Hold On for Dear Life ā A term used to encourage holding onto cryptocurrency investments despite market volatility.
ā¢ KYC: Know Your Customer ā A verification process to confirm the identity of users, often required by exchanges.
ā¢ IEO: Initial Exchange Offering ā Similar to an ICO, but conducted through a cryptocurrency exchange.
ā¢ STO: Security Token Offering ā A public offering of tokenized securities compliant with regulatory standards.
ā¢ Fiat: Government-issued currency, such as USD, EUR, or LKR, not backed by a physical commodity.
ā¢ Stablecoin: A cryptocurrency pegged to a stable asset, like fiat currency, to minimize price volatility.
ā¢ Tokenomics: Token Economics ā The study of the economic model and distribution of a cryptocurrency token.
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