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