Cryptocurrency and Blockchain Dictionary

Terms commonly used in the world of blockchain and cryptocurrency

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Keith or Vail

This is an experienced crypto investor that owns large volumes of cryptocurrency assets.

Other Important Terms

Bullish

Bullish (from the English. Bullish - bull) The term that means optimistic mood and faith in the development of a separate token, project or the entire market.

This is a unit of computing work for the implementation of transactions or smart contracts in the Ethereum network. Any action on the Ethereum network requires a certain amount of electricity, computing power and miner time that must be paid. GAS in this case acts as a total indicator - how many resources are required to perform a particular transaction. For example, the execution of a certain transaction requires 21010 GAS, the price of 1 GAS is 6 Gwei or 0.000000006 ETH, then the cost of the transaction will be 126060 GWEI or 0.00012606 ETH.

Fomo

The abbreviation, which is deciphered as a syndrome of lost opportunity or benefit. The negative emotional state that occurs in the crypto -investor if he did not take advantage of the presented opportunity to earn or profitably invest his funds. The peak manifestations of this state are manifested when the entire network literally buzzes about incredible Xs, that is, profits, and this user only remains, what to consider other people's earnings.

Cryptoinvestor

This is a person who interacts with a cryptocurrency industry - invests, engages in trading, performs twinets, etc. Moreover, he does it consciously and constantly develops in this industry.

Hamster

A beginner, neophyte, a person who has no competencies, skills and experience in the cryptocurrency industry. As a rule, a very naive, lazy and unpromitative, in connection with which it becomes a victim of fraudulent projects in this area.

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