GLOSSARY
Ape In: To invest quickly and heavily in a project without extensive research or caution.
Altcoin: Any cryptocurrency other than Bitcoin.
ATH (All-Time High): The highest price ever reached by a cryptocurrency.
Bag: The collection of cryptocurrencies one holds in their portfolio.
Bagholder: Someone stuck with a significant amount of a depreciating cryptocurrency.
Bear Market: A market trend characterized by declining prices.
Blockchain: A distributed ledger technology that records transactions across multiple computers, enhancing security and transparency.
Consensus Mechanism: A protocol or algorithm used to achieve agreement among nodes in a distributed network, such as Proof of Work (PoW) or Proof of Stake (PoS).
Cryptocurrency: Digital or virtual currencies that use cryptography for security, such as Bitcoin, Ethereum, and many others.
Cross-Chain: The ability for different blockchain networks to communicate and exchange value or information with each other.
DAO (Decentralized Autonomous Organization): An organization run by code and governed by token holders, often used for decision-making and fund management.
DApp (Decentralized Application): An application built on a blockchain or decentralized network, often with no central point of control.
DeFi (Decentralized Finance): A category of financial services and applications built on blockchain, aiming to create open and accessible alternatives to traditional financial systems.
Decentralization: The process of distributing control and decision-making away from a single central authority, often achieved in Web3 through blockchain technology.
DYOR (Do Your Own Research): A reminder to research and understand investments independently, avoiding reliance on others' advice.
FOMO (Fear of Missing Out): The anxiety that you're missing out on a profitable opportunity, driving impulsive actions in crypto and investing.
Gas: A fee paid in cryptocurrency to process transactions and execute smart contracts on the Ethereum blockchain.
Governance Token: A token that grants its holder voting rights or influence over the decisions made in a decentralized organization or protocol.
HODL: A misspelling of "hold," meaning to keep and not sell your cryptocurrency assets during market fluctuations.
Immutable: Data or code on the blockchain that cannot be altered or deleted, ensuring transparency and trust.
IPFS (InterPlanetary File System): A protocol designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.
Lambo: Short for Lamborghini, symbolizing the ultimate purchase goal for crypto success.
Layer 2 (L2): Scaling solutions built on top of existing blockchains to improve transaction speed and reduce costs, like the Lightning Network for Bitcoin or rollups for Ethereum.
Moon: The desired destination for crypto investments, meaning a significant price increase.
NFT (Non-Fungible Token): A unique digital asset that represents ownership or proof of authenticity of a digital or physical item, often used for art, collectibles, and gaming.
Nocoiner: Someone without cryptocurrency holdings or skeptical of crypto's value.
Oracles: Services or mechanisms that provide real-world data to smart contracts on the blockchain, enabling them to interact with external information.
Pump and Dump: Manipulative price manipulation tactic involving artificially inflating an asset's value and then selling off quickly.
Rekt: Slang for getting financially ruined, typically due to bad investment decisions.
Shill: To aggressively promote a cryptocurrency or project for personal gain.
Smart Contract: Self-executing contracts with the terms of the agreement directly written into code, automatically enforcing and facilitating transactions.
Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar.
Tokenization: The process of converting rights to an asset into a digital token, making it easier to trade and transfer ownership.
WAGMI (We're All Gonna Make It): A rallying cry in the crypto community, expressing optimism and camaraderie among investors and enthusiasts.
Web3: The next generation of the internet, where decentralized technologies and principles enable greater user control, data ownership, and privacy.
Web3 Ecosystem: The collective network of technologies, projects, and communities working to create a decentralized and user-centric internet.