Must-Know_100_Web3_Terms_and_Concepts_for_Newbies_Bookmark

binancevip (37)in #binancemobile • 2 months ago

Navigating the Crypto World: Essential Terminology Guide

As you engage in the cryptocurrency ecosystem, mastering key terms is crucial. I've curated a comprehensive list of 100 fundamental terms, organized alphabetically from A to Z for easy reference.

1-10

ATH — All-Time High;
Aggregators — Platforms that consolidate liquidity from multiple decentralized exchanges to provide users with optimal trading prices.
APY — Annual Percentage Yield: The effective annual return rate, accounting for compound interest effects.
Arbitrage — Profiting by purchasing tokens on one platform at a lower price and selling them on another at a higher price.
APR — Annual Percentage Rate: The nominal annual return rate, excluding compound interest considerations.
AMM — Automated Market Makers: Algorithm-driven systems that facilitate automated token trading.
AML — Anti-Money Laundering: Measures to prevent the legitimization of illegally obtained funds.
AMA — Ask Me Anything: A standard interactive format where project teams address user queries.
BD — Business Development: 1. Managing partner communications and relationship-building; 2. Public relations efforts to attract target users.
Byzantine Generals Problem — A consensus challenge where increasing network participants make agreement more difficult.

11-20

Impossible Trinity — The trade-off between decentralization, scalability, and security; no consensus mechanism achieves all three perfectly.
Super Mario — Projects with high team control, leading to extreme price volatility on charts.
Genesis Block — The inaugural block in a blockchain's history.
Collateral — Assets pledged as security to cover potential debt obligations.
CEX — Centralized Exchange: Platforms where users deposit digital assets under centralized management.
CEFI — Centralized Finance: Traditional financial systems like banks and institutions.
veToken — Vote-Escrowed Token Model: Tokens locked for specific protocol rights, such as governance (e.g., CRV, BAL, YFI).
Governance (Token Model) — Tokens granting voting power in protocols, calculated via token-weighted or time-weighted methods (e.g., Curve, Compound, ENS).
Token-Weighted Voting — Voting influence proportional to the number of governance tokens held.
Time-Weighted Voting — Enhanced rights for longer token lock-up periods (e.g., UNI, COMP, ENS).

21-30

Doxx — Disclosure; indicating non-anonymous projects, with "undoxx" referring to anonymity.
DYOR — Do Your Own Research: A standard disclaimer for personal due diligence.
Floor Price — The minimum price for an NFT in a collection.
DAO — Decentralized Autonomous Organization: Blockchain-based entities operating autonomously via smart contracts.
DEX — Decentralized Exchange: Platforms where users retain full asset control via wallets or smart contracts.
DEFI — Decentralized Finance.
DAPP — Decentralized Application: Open-source software running on decentralized networks.
EVM — Ethereum Virtual Machine: A decentralized server executing automated smart contracts.
ERC-1155 — An Ethereum NFT standard supporting limited-quantity and reusable tokens.
ETF — Exchange-Traded Fund: Investment vehicles like Bitcoin ETFs that track underlying assets.

31-40

ERC-721 — An Ethereum NFT standard ensuring each token is unique.
ERC-20 — A token standard enabling custom token creation on Ethereum.
FUD — Fear, Uncertainty, Doubt.
Fair Launch — Token distribution ensuring equal participation opportunities for all.
GAS WAR — On-chain fee spikes due to project-related competition.
HODL — Long-term holding strategy, typically for Bitcoin over years.
Dutch Auction — An auction format with descending prices.
IMO — In My Opinion.
ITO — Initial Twitter Offering: Token debuts conducted via Twitter.
IEO — Initial Exchange Offering: First-time sales of exchange-native tokens.

41-50

IPFS — Decentralized Distributed Storage Protocol.
IGO — Initial Game Offering: Initial sales of in-game assets.
INO — Initial NFT Offering: First public offerings of NFTs.
IFO — Initial Fork Offering: Launches of forked coins from major chains like Bitcoin or Ethereum.
IDO — Initial Digital Assets Offering: Invitation-based sales with principal protection via bounty tasks.
ICO — Initial Coin Offering: Initial token sales to the public.
Interaction — Engaging with pre-token launch projects.
Machine Gun Pool — Automated mining strategies shifting power to maximize profit across similar-algorithm coins.
KYC — Know Your Customer: Identity verification processes including name, ID, and phone checks.
Air Coin — Tokens lacking intrinsic value or backing.

51-60

Cross-Chain Bridge — Tools for transferring assets between different blockchains.
Open a Ticket — Creating a dedicated support channel in platforms like Discord.
Single-Sided Liquidity Pool — Staking single tokens on DEXes to reduce volatility risks, ideal for long-term blue-chip holdings.
Limit Order — Orders placed at current market prices.
Circulating Market Cap — Tradeable token supply multiplied by price at a given time.
Quantitative Trading — Using mathematical models to replace human decision-making in trades.
Meme Coin — Tokens designed to exploit FOMO (fear of missing out).
Fed Dove — Policymakers favoring gentle approaches in economic or military matters.
Pegging — Transaction actions dependent on counterparty responses.
Fed Hawk — Entities advocating tough measures to protect national interests.

61-70

Fed Rate Hike — Interest rate increases; opposite of rate cuts. Effects include reduced consumer spending and higher corporate borrowing costs.
MOD — Moderator.
NFA — Not Financial Advice.
OTC — Over The Counter: Off-exchange trading.
PR — Public Relations: Startup communication and promotion during financing.
POS — Proof of Stake: Reward systems based on token holdings.
POW — Proof of Work: Consensus rewarding computational effort, e.g., via mining rigs.
Paper Hand — Traders who sell positions prematurely.
PND — Pump and Dump.
Block Height — Total blocks in a blockchain's main chain.

71-80

Liquidation — DeFi protocols allowing collateral purchase when its value nears debt levels.
Block Header — Contains metadata like previous block hash and timestamp.
Block Body — Stores detailed transaction data within a block.
Full Node Wallet — Wallets syncing entire blockchain data for full decentralization.
Cold Wallet — Crypto wallets disconnected from the internet.
Public Key — Comparable to a bank account number.
Private Key — Equivalent to account number plus PIN; must remain confidential and often managed via mnemonic phrases.
Mnemonic Phrase — Standard method for securing private keys in crypto wallets.
Hot Wallet — Wallets with private keys accessible online.
Real Yield — DeFi protocols generating returns from actual revenue, not token inflation.

81-90

RWA — Risk-Weighted Asset: Bank asset categorization with risk-based weighting.
Rug Pull — Exit scams by project teams.
Rebase — Adjustments to token supply mechanisms.
ROI — Return on Investment: Profit ratio calculated as (Pre-tax profit / Total investment) × 100%.
SFYL — Sorry For Your Loss: Sympathy for financial losses or missed opportunities.
Double Spend — Attempts to use the same tokens for multiple transactions.
Timestamp — Verifiable proof of data existence at a specific time.
Slippage — Difference between expected and executed trade prices.
SocialFi — Social Finance integrations.
STO — Security Token Offering: Issuance of tokenized securities.

91-100

TPS — Transactions Per Second.
To The Moon — Rapid token price surges.
Position — Initial trading entry point.
Candy — Free tokens distributed during ICOs.
Miss Out — Selling too early during a price rally.
Whale — Large holders of crypto or NFTs.
WL — Whitelist.
Impermanent Loss — Temporary losses from price divergences in staked token pairs.
Greed Index — Market sentiment scale (0-100), with 100 indicating peak greed.
Fear Index — Market sentiment scale (0-100), with 0 indicating maximum fear.

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