The coolest A to Z of crypto
Having gone through the Internet and no cool and concise A to Z of crypto, I decided to make one myself. Here we go:
A for Altcoin
Altcoin is basically every coin that is not bitcoin. There are over 1,500 crypto coins in the world today. Starting from Ethereum to the smallest crypto, they are all called altcoins
B for Bitcoin
Bitcoin is the first (successful) crypto. It remains the market leader. It has seen highs of $20k and lows of $5.6k in the year 2018
C for Cryptocurrency
It is what we call the coins. The crypto is a short from cryptography (which refers to the underlying technological principle on which the invention is based). And then currency because it is a medium of value exchange.
D for Dapps
Dapps is a short for decentralized apps. It just means apps that are not centralized. One of the hallmarks of the blockchain technology is its openness and nonrestrictive distribution (of stake). Decentralized means no centralized authority. All crypto projects are (or at least claim to be) decentralized. There are a number of platforms that decentralized applications can be built on like Ethereum, NEO, EOS, Qtum etc.
E for ERC-20
The token standard for Ethereum. Most projects on the Ethereum blockchain issue tokens that are ERC-20 compliant. Also, not all wallets can receive ERC-20 tokens. Wallets that can state it specifically.
F for FUD
FUD means Fear, Uncertainty and Doubt. This is what bad news produces. Sometimes the event is not bad but the media channel makes it sound as bad as possible. The aim of such is fud and hence are called fud.
G for Gas
If you use the Ethereum blockchain, you must be used to this already. For every transaction, you pay gas which is in ether. Many consider it a turn off and makes dapps difficult to use. Ethereum is dealing with that problem. Meanwhile, there is NEO gas called GAS. If you own NEO and hodl it, you get paid in GAS.
H for Hodl