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Crypto Acronyms’ and sayings

Here are some “common” Acronyms and sayings with there meanings that you may come across in crypto communities.

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Acronyms 

General blockchain terms

PoW – Proof of Work

PoS – Proof of Stake

DPoS – Delegated Proof of Stake

PoA – Proof of Authority

BFT – Byzantine Fault Tolerance

DAG – Directed Acyclic Graph

SC – Smart Contract

EVM – Ethereum Virtual Machine

ERC – Ethereum Request for Comments, it’s the preceding acronym for Ethereum based tokens like the ERC20 standard.

DAO – Decentralized Autonomous Organization

DAPP – Decentralized Application

SegWit – Segregated Witness

LN – Lightning Network

SoV – Store of value

MoE – Medium of Exchange

UoA – Unit of Account

Hardware

CPU – Central Processing Unit

GPU – Graphics Processing Unit, often used in reference to video cards

ASIC – Application Specific Integrated Circuit

Financial terms

ETF/ETP – Exchange Traded Fund or Exchange Traded Product

OTC – Over the Counter

CEX – Centralized Exchange

DEX – Decentralized Exchange

PnD – Pump-and-Dump

ICO – Initial Coin Offering

ITO – Initial Token Offering

STO – Securities Token Offering

MCAP – Market Capitalization

FIAT – Conventional government issued currency, like the Pound Sterling, US Dollar or the Euro.

MEME culture

HODL – Meme that followed from a simple mistype of hold.

FOMO – Fear of Missing Out

BTFD – Buy The Fucking Dip

DYOR – Do Your Own Research

FUD – Fear Uncertainty Doubt

REKT – Your investment has reduced in value a lot

BUIDL – A misspelling of the word “build.” Often used when telling the world you’re “trying to buidl the future.

Miscellaneous terms

SATS – Satoshis. A Satoshi is the smallest denomination of a Bitcoin, it’s a hundreth of a millionth, or 0.00000001 BTC.

Tx – Transaction

TxID – Transaction Identification

TPS – Transactions Per Second

ZK – Zero Knowledge

P2P – Peer to Peer

ALT – Alternative Cryptocurrency, often used as a prefix to Altcoin

WP – Whitepaper

2FA – Two Factor Authentication

DDoS – Distributed Denial of Service

IPFS – Interplanetary Files System

PKI – Public Key Infrastructure

NONCE – Number Used Only Once

HW – Hardware Wallet

 

Sayings or terms

Shill – Promote a coin token or product

Troll – Trouble maker always negative

Noobs or Newbs – New to crypto 

Bull – Market state “ Bull run” upward trend

Bear – Market state “ Bear Market” Flat or downward 

Ponzi – Scam or scheme stay away 

Exit scam – normally ICO scams stay away

Pyramid – pays out stupidly high % using new victims then runs with the lot stay away

Good luck remembering all of those….. The good news is this blog is always here for your reference when ever you need it add the page to your bookmarks or favorites and remember 

” There is no need for ‘FUD’ because a ” Troll” said so, just ‘BTFD’ and ‘HODL’ Then ‘SHILL’ crypto to every ‘NEWBS’ that still uses ‘FIAT’ lets get that ‘FOMO’ pumping to keep the ‘WHEN MOON/LAMBO’ crew happy! OK thats enough heheh

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