CryptoWordADay

Learn a new #Cryptocurrency word each day. Follow us to learn! 💱💰

[CryptoWordADay @CryptoWordADay]

We tweet a different #cryptocurrency word each day with a definition, so you can learn and be a #blockchain, #altcoin and #bitcoin expert.

[PlanetAda | Cardano Stake Pool @Planet_Ada]

Cardano (ADA) is Set to Rise Against all Odds, According to CEO Charles Hoskinson https://t.co/YU1odg9TYu #CARDANO #cardanocommunity

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Fork - The splitting of something into multiple (usually two initally) paths, with the history of both forks being identical at the split. Check this full explanation out by @PlanBlockchain #hardfork #SoftFork https://t.co/RlkbLAmr5j

[Planet Blockchain @PlanBlockchain]

What is a Hard Fork vs a Soft Fork? We explain here: https://t.co/b9yjRMYhYL #cryptocurrency

[Planet Blockchain @PlanBlockchain]

@zcoinofficial vs @zcashCo vs @_pivx and zksnarks https://t.co/BoCCET0vaC

[CryptoWordADay @CryptoWordADay]

Fork - A situation where a blockchain splits into two separate chains. Forks generally happen in the crypto-world when new ‘governance rules’ are built into the blockchain’s code. #cryptocurrency #altcoin #fork #blockchain

[CryptoWordADay @CryptoWordADay]

Vitalik Buterin – creator of Ethereum, the world’s second-most valuable cryptocurrency network behind Bitcoin. His project has rocketed to a market cap of nearly $30 billion. Fortune placed him on its 40 under 40 list.#ethereum #altcoins

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Staking Pool - A group of miners who 'join forces' to mine for a single wallet. Each member has a stake in that pool depending on what they contribute to the pool. So if I do 5% of the mining, I get 5% of what gets mined. https://t.co/NcrtTHmPfn #Cardano

[CryptoWordADay @CryptoWordADay]

Moon - An optimistic price projection often used in the crypto coin communities for an #altcoin or #bitcoin

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Pump & Dump - Where a group of people decide to all buy a certain #cryptocurrency at a point in time, making it seem appealing and driving up the prices, only to sell shortly afterwards for a higher price. It's a scam often orchestrated on #reddit or #discord groups

[CryptoWordADay @CryptoWordADay]

FOMO - Fear Of Missing Out - Not just related to #cryptocurrency but often used in this industry. When one is nervous about missing out (and usually does something because of it, such as buying into a new altcoin) #crypto #altcoin

[CryptoWordADay @CryptoWordADay]

Monero: Monero is a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions remain 100% unlinkable and untraceable #cryptocurrency #monero #altcoin

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"Cardano" - A cryptocurrency designed from the ‘ground up’ to deliver a secure and sustainable blockchain that protects user privacy whilst allowing for regulation. Cardano aims to be a mature blockchain that is ready for large scale applications. #Cardano https://t.co/NcrtTHmPfn

[CryptoWordADay @CryptoWordADay]

"Node" - A node is essentially a computer connected to the Bitcoin network. A node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. #node #Crypto

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"Mining" - Mining is the term used for discovering and solving blocks along the blockchain. In Proof Of Work, a reward is given for solving the algorithm and lengthening the chain. The mining reward for the Bitcoin blockchain is Bitcoin. #Mining #cryptocurrencies

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"ASIC" - An Application Specific Integrated Circuit is, is a chip specifically created to execute one task well. They have many uses, but have become more prevalent for mining various coins at a much faster rate than any normal computer.

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"HODL" - A mistyping of the word 'hold', used back in 2013 on Reddit when a user asked if they should sell their Bitcoin. A reply was HODL, probably typed too fast. Now it's a meme and used to enthusiastically advise people to hold on to their investments. #HODL

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"Wallet Address" - Like your street address, this is a unique identifier for a cryptocurrency wallet which you can publicly share. Coins can be transferred using the wallet address. Often, people will use a new wallet address per transaction, for the same wallet.

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"Bitcoin" - A specific implementation of cryptocurrency, designed by Satoshi Nakamoto. This coin differs to some other coins through features like 'Proof Of Work'. #Bitcoin
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"Altcoin" - A portmanteau of the words 'alternative' and 'coin'. Meaning a cryptocurrency that isn't Bitcoin. #Altcoin

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"Cryptocurrency" - A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. #Cryptocurrency