AfhamLk

• Altcoin: Alternative Coin — Any cryptocurrency other than Bitcoin.
• ASIC: Application-Specific Integrated Circuit — A specialized device designed for efficient cryptocurrency mining.
• CEX: Centralized Exchange — A crypto trading platform operated by a centralized organization, such as Binance.
• DEX: Decentralized Exchange — A peer-to-peer platform for trading cryptocurrencies without intermediaries.
• DAO: Decentralized Autonomous Organization — An organization governed by smart contracts and community consensus on a blockchain.
• DeFi: Decentralized Finance — Financial services built on blockchain technology, eliminating the need for traditional intermediaries.
• dApp: Decentralized Application — An application that runs on a blockchain network, utilizing smart contracts.
• EVM: Ethereum Virtual Machine — The runtime environment for executing smart contracts on the Ethereum blockchain.
• NFT: Non-Fungible Token — A unique digital asset representing ownership of a specific item or piece of content.
• PoW: Proof of Work — A consensus mechanism where miners solve complex puzzles to validate transactions and secure the network.
• PoS: Proof of Stake — A consensus mechanism where validators are chosen based on the amount of cryptocurrency they stake.
• ATH: All-Time High — The highest price ever reached by a cryptocurrency.
• FOMO: Fear of Missing Out — The anxiety that one might miss a profitable investment opportunity.
• HODL: Hold On for Dear Life — A term used to encourage holding onto cryptocurrency investments despite market volatility.
• KYC: Know Your Customer — A verification process to confirm the identity of users, often required by exchanges.
• IEO: Initial Exchange Offering — Similar to an ICO, but conducted through a cryptocurrency exchange.
• STO: Security Token Offering — 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 — The study of the economic model and distribution of a cryptocurrency token.
#CryptoTerms #LearnTogether #study #studybitcoin #bitcoin
$BTC
$ETH