Top Tweets for #Value4Crypto

Joeshwua @Joeshwua

2 days ago

#Value4Crypto

SimplyDera ◻

@Simply_Dera1

about 2 months ago

Common Crypto Terminologies that most newbies don't understand‼ 1. Private Key Your secret password to access your crypto. → If someone gets it, your funds are gone. 2. Gas Fees Transaction fees paid to process actions on a blockchain. → Common on networks like Ethereum. 3. Smart Contract Self-executing code that runs automatically when conditions are met. → No middleman needed. 4. DeFi (Decentralized Finance) Financial services (loans, trading, savings) without banks. → Runs on blockchain. 5. NFT (Non-Fungible Token) A unique digital asset (art, music, collectibles). → Cannot be replaced with something identical. 6. Token vs Coin Coin: Has its own blockchain (e.g., Bitcoin) Token: Built on another blockchain (e.g. $Shiba built on Ethereum) 7. Altcoin Any cryptocurrency that is not Bitcoin. 8. Stablecoin Crypto tied to a stable value (like USD & NAIRA). → Example: USDT & SNR 9. Market Cap Total value of a cryptocurrency = price × total supply → Shows how big a project is. 10. Liquidity How easily you can buy or sell an asset without affecting price. 11. Slippage The difference between expected price and actual execution price. 12. DEX (Decentralized Exchange) A platform where you trade crypto directly without intermediaries. → Example: Uniswap 13. CEX (Centralized Exchange) Exchange controlled by a company. → Example: Binance 14. HODL Slang for “Hold” — don’t sell your crypto despite market fluctuations 15. Rug Pull A scam where developers abandon a project and run away with funds. 16. Whale Someone holding a large amount of crypto that can influence the market. 17. FOMO (Fear Of Missing Out) Buying because everyone else is buying , often leads to bad decisions. 18. Layer 1 (L1) The main blockchain itself. → Examples: Ethereum, Solana → Handles security + final transactions. 19. Layer 2 (L2) Built on top of Layer 1 to make it faster and cheaper. → Reduces congestion on main chains. 20. Bridging Moving crypto from one blockchain to another. → Example: Ethereum → BSC 21. Minting Creating a new token or NFT on the blockchain. 22. Burning Permanently removing tokens from circulation. → Often used to increase scarcity. 23. Staking Locking your crypto to support a network and earn rewards. → Like earning interest. 24. DAO (Decentralized Autonomous Organization) A community-run organization governed by code and voting. → No central authority. 25. Whitepaper A document explaining a crypto project’s purpose, tech, and vision. 26. Tokenomics The economic design of a token. → Supply, distribution, rewards, etc. 27. Circulating Supply Tokens currently available in the market. 28. Max Supply The total number of tokens that will ever exist. 29. ATH (All-Time High) The highest price a coin has ever reached. 30. ATL (All-Time Low) The lowest price a coin has ever reached. 31. Bear Market A long period where prices are falling. 32. Bull Market A period where prices are rising strongly. 33. Rekt Slang for getting heavily scammed or losing money badly. 34. Airdrop Free tokens given to users (usually for promotion or rewards). 35. Testnet A practice blockchain used for testing before real launch. 36. Mainnet The official live blockchain where real transactions happen. Follow @Simply_Dera1 for more.

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