As the crypto world expands, so does the vocabulary used to describe different cryptocurrencies and blockchain-based ecosystems. This article will provide a comprehensive list of crypto slang terms you might encounter daily. From NFTs (non-fungible tokens) to ETH (Ethereum) and Liquid (the crypto equivalent of fiat currency), this glossary will have you speaking crypto like a pro in no time! So let’s get started – learn about all the different cryptos!
Airdrop
An airdrop is a slang term used to describe the act of giving away cryptocurrencies or token tokens to crypto community members. This giveaway is often seen as increasing a blockchain network’s overall popularity and value because it encourages people to use its cryptocurrencies or token tokens.
ATH / ATL
“All-Time high” and “All-time low” are slang terms that describe the highest and lowest prices a cryptocurrency or token has ever reached on digital asset exchanges. These price points are important because they indicate how popular (or unpopular) a given blockchain network is.
Alpha
Alpha is a term used in cryptocurrency to refer to the first bits of a block/transaction. Additionally, alpha-numeric addresses are essential for safety reasons as they’re difficult to forge.
Anonymity
Anonymity is a crucial feature of blockchain technology, as it allows users to remain anonymous while participating in token sales and other digital transactions. Unfortunately, this makes blockchain-based platforms attractive to criminals and black market operators, who are often reluctant to use more traditional payment systems.
Apeing In
Apeing in is when a person tries to get rich quickly by buying cryptocurrencies or token tokens at high prices and then selling them later for a significant profit. This strategy can be risky, and it’s often called a “pump-and-dump” scheme because they involve coordinated efforts to drive the price of cryptocurrencies up.
BCH
Bitcoin Cash ( BCH ) is a new bitcoin-based cryptocurrency created in August 2017 following a split from the original bitcoin blockchain. Unlike other cryptocurrencies, which are built on blockchain technology, Bitcoin Cash was created using Ethereum code – meaning it has a slightly different structure and function than other digital assets.
Bagholder
A bagholder is someone who owns cryptocurrencies or token tokens without actively using them. This type of investor is often referred to as a “hold” because they aim to hold onto their cryptocurrencies rather than use them.
Cryptojacking
Cryptojacking is the practice of mining cryptocurrencies using someone’s computer without their knowledge or consent. Cryptojackers use malware to hijack a person’s CPU and energy, turning it into a crypto-mining machine. This activity can impact a victim’s internet speed, security, and overall computing experience.
Decentralized
A decentralized system is one in which there are no single points of control or authority. This allows for greater trust among participants – meaning that they’re more likely to abide by rules and regulations set forth by the system as a whole.
DEX
A DEX is a decentralized exchange – meaning it doesn’t rely on a third party to hold your tokens or trade them for other cryptocurrencies. This makes DEXs much more secure than centralized exchanges, as they’re not susceptible to theft or fraud. There are currently dozens of DEXs available on the market!
dApps
dApps are a category of applications that run on the blockchain platform. dApps use smart contracts to allow users to interact with each other in ways that wouldn’t be possible without blockchain technology. This includes token sales, social media networks, and even online marketplaces!
DAO
A DAO (Decentralized Autonomous Organization) is a blockchain-based organization that allows users to invest in projects via smart contracts. These contracts allow people to bet on the success or failure of specific projects.
Discord
Discord is a popular chat app that’s used by millions of people around the world. It’s also one of the most popular blockchain-based platforms, as it offers a user-friendly platform for gamers to communicate and interact with each other.
Diamond Hands
The diamond hand describes crypto traders investing in cryptocurrencies and token sales. These investors are often patient and aim to hold onto their cryptocurrencies for long periods.
ERC-20 Token
An ERC-20 token is a digital asset that uses the Ethereum blockchain platform. ERC-20 passes are standard among cryptocurrencies, allowing users to create smart contracts and decentralized applications (dApps) that use ether as their fuel source.
Ethereum blockchain network
The Ethereum blockchain network is a decentralized platform that allows users to launch smart contracts and store ether – the cryptocurrency used on the Ethereum blockchain. Smart contracts are digital contract objects that can be stored on the blockchain and executed when certain conditions are met.
ETH
Ethereum is one of the most well-known cryptocurrencies on the market today. It was created in 2015 by Vitalik Buterin, Ethereum’s inventor, and has since become one of the world’s leading blockchain platforms. Ether ( ETH ) is the cryptocurrency used on the Ethereum blockchain and is also the token responsible for powering smart contracts and dapps. As of January 2019, there were around 100 million ether tokens in circulation!
Floor
The floor is the lowest price at which a cryptocurrency or token can be bought or sold. It’s a significant price point because it determines how much liquidity there is in the market.
FOMO
FOMO is short for “fear of missing out”, and it’s a familiar feeling when investing in cryptocurrencies or token sales. As a result, many people are urged to buy cryptocurrencies, even if they don’t fully understand their risks, to “beat the price hike.”
FUD
Fear, Uncertainty, and Doubt are terms used to describe negative sentiment in the blockchain world. FUD can come from either professional investors or naysayers who want to discredit cryptocurrencies and token sales. It’s essential to be aware of this type of propaganda, so you don’t get pulled into the hype.
Gas
Gas is a term used to describe the fees charged by blockchain networks for transactions. These fees are generally small, but they can add up over time if you’re trying to make a lot of transactions.
GMT
General Manager Intracoinbase A crypto slang term for a digital asset designed to increase in value over time. In other words, GMI tokens are typically investable assets.
Hodl
Hodl is a slang term used to describe the principle of holding cryptocurrencies or token tokens without selling them. This is sometimes called “buy and hold” because it’s a conservative strategy to preserve your investment.
ICO
Initial Coin Offering is the process of selling cryptocurrencies or tokenized securities to early backers in exchange for ether (or bitcoin). Unfortunately, many ICOs are unregistered and unregulated, so investors can often be at risk of fraud or financial scamming.
Liquid
Liquid is a slang term to describe cryptocurrencies or token tokens easily traded on various digital asset exchanges. This makes them an essential part of the crypto community because it allows people to buy and sell cryptocurrencies or token tokens anytime.
Mooning
Mooning is a slang term for tipping someone in cryptocurrencies or tokens. This practice can be done using digital wallets, blockchain networks, or social media platforms. Tipping is often seen as a way of thanking someone for their work, and it’s an integral part of the crypto community.
Mint
Mint or minting is the process of creating new cryptocurrencies or tokens. This is often done by mining cryptocurrencies or tokens, which reward participants with ether (or Bitcoin). Minting can also be done through a crowd sale process, in which investors contribute ether (or bitcoin) to help create the new digital asset.
NFT
A non-fungible token is a digital asset that doesn’t necessarily have a fixed and identifiable form. For example, you could own a token representing the ownership of an entire blockchain or all the data stored on it. This flexibility makes NFTs incredibly powerful and opens up many possibilities for how they can be used in businesses and ecosystems.
NGMI
New Generation Mining Industry is a term used to describe cryptocurrencies designed to improve blockchain technology. These cryptocurrencies offer faster transaction speeds and enhanced security features, making them more attractive to mainstream investors.
Node
A node is an individual computer (or network of computers) that participates in the blockchain network. Nodes help verify and manage transactions on the blockchain, making them critical for maintaining the system’s integrity.
Paper hands
Paperhands is a term used to describe crypto traders who day-traded cryptocurrencies instead of investing in them. This type of trading is often risky and can lead to price volatility.
PFP
Picture for proof is a slang term for a digital asset or token used as proof of ownership. This asset can be used to prove that someone owns a particular piece of digital media, for example.
Project
A project is a slang term to describe a specific cryptocurrency, token, blockchain network, or digital asset. These projects often have a particular goal (such as becoming the world’s number one cryptocurrencies), which can be complex.
Scam
A scam is a dishonest business practice that involves fraudulent or deceptive practices. Cryptocurrencies and token sales can be vulnerable to scams, especially with no regulatory oversight.
Secondary Market
The secondary market is a digital asset marketplace that allows people to buy and sell cryptocurrencies or token tokens previously purchased on the blockchain network. This type of marketplace is essential because it will enable people to trade cryptocurrencies or token tokens without worrying about their original sellers.
Staking
Staking is a slang term used to describe the practice of holding cryptocurrencies or token tokens to earn rewards. This type of investment is often seen as a way of becoming a more reliable trader because it allows you to hold onto your cryptocurrencies or token tokens without worrying about them disappearing.
Smart Contract
A smart contract is a blockchain-based contract that allows users to make digital agreements without going through a third party. These agreements are often based on blockchain technology, which makes them highly secure and tamper-proof.
SFT
A Semi-fungible token (SFT) is a type of digital asset that can represent ownership or participation in a project. These tokens are often unique because they cannot be easily duplicated. This makes them valuable because they can be used to represent a specific asset or service.
Wallet
A wallet is a digital asset management system that allows you to store cryptocurrencies and token tokens. These systems usually will enable you to interact directly with the blockchain network, making them an essential part of the crypto community.
Whale
A whale is a significant investor in cryptocurrencies or token sales. These investors are often responsible for driving the price of cryptocurrencies up or down, which can significantly impact the market.
Conclusion
Did you know that crypto slang terms can be confusing and intimidating? Well, not anymore! In this blog, we’ve compiled a list of crypto slang terms you need to know to stay up-to-date with the latest developments in the crypto world. From NFTs to Liquid, this dictionary will help you understand everything you need about crypto slang terms. So, whether you’re a beginner or a seasoned crypto trader, check out this blog for all the latest slang terms!