Crypto Slang Terms #9: Your Guide to the Cryptoverse.
16 Jul 2023, 10:00
✍️ Crypto Slang Terms #9: Your Guide to the Cryptoverse 📕
💡 Ignite your learning journey in the revolutionary world of blockchain with BSCStation. Join us as we unveil another set of five blockchain words in Crypto Slang Terms #9, and empower you to elevate your comprehension!
▶ Fork: A software update that is not backward compatible with previous versions of the same cryptocurrency protocol, creating an entirely new branch from block 0.
👉 Example: 🔹ETH Shanghai Fork
▶ FUD: Fear, Uncertainty and Doubt; the acronym that was coined for crypto sphere discussions.
▶ FUDster: A person who spreads FUD about a specific coin or blockchain project, often for self-benefit.
▶ Futures: A contract to buy or sell an asset at a later date with the price agreed upon today. Investors use these as both a hedge against risk and a tool for profit.
👉 Example: BTC/USDT pair on 🔸Binance Futures
▶ Gas: The name given to the transaction cost of running a smart contract, functions on Ethereum and other similar platforms. It is paid in units called Gwei which are a billionth of an Ether.
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
⭐️ BSCStation Official Media Channels:
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16 Jul 2023, 10:00
✍️ Crypto Slang Terms #9: Your Guide to the Cryptoverse 📕
💡 Ignite your learning journey in the revolutionary world of blockchain with BSCStation. Join us as we unveil another set of five blockchain words in Crypto Slang Terms #9, and empower you to elevate your comprehension!
▶ Fork: A software update that is not backward compatible with previous versions of the same cryptocurrency protocol, creating an entirely new branch from block 0.
👉 Example: 🔹ETH Shanghai Fork
▶ FUD: Fear, Uncertainty and Doubt; the acronym that was coined for crypto sphere discussions.
▶ FUDster: A person who spreads FUD about a specific coin or blockchain project, often for self-benefit.
▶ Futures: A contract to buy or sell an asset at a later date with the price agreed upon today. Investors use these as both a hedge against risk and a tool for profit.
👉 Example: BTC/USDT pair on 🔸Binance Futures
▶ Gas: The name given to the transaction cost of running a smart contract, functions on Ethereum and other similar platforms. It is paid in units called Gwei which are a billionth of an Ether.
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
⭐️ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
Crypto Slang Terms #9: Your Guide to the Cryptoverse.
✍️ Crypto Slang Terms #9: Your Guide to the Cryptoverse 📕
💡 Ignite your learning journey in the revolutionary world of blockchain with BSCStation. Join us as we unveil another set of five blockchain words in Crypto Slang Terms #9, and empower you to elevate your comprehension!
▶ Fork: A software update that is not backward compatible with previous versions of the same cryptocurrency protocol, creating an entirely new branch from block 0.
👉 Example: 🔹ETH Shanghai Fork
▶ FUD: Fear, Uncertainty and Doubt; the acronym that was coined for crypto sphere discussions.
▶ FUDster: A person who spreads FUD about a specific coin or blockchain project, often for self-benefit.
▶ Futures: A contract to buy or sell an asset at a later date with the price agreed upon today. Investors use these as both a hedge against risk and a tool for profit.
👉 Example: BTC/USDT pair on 🔸Binance Futures
▶ Gas: The name given to the transaction cost of running a smart contract, functions on Ethereum and other similar platforms. It is paid in units called Gwei which are a billionth of an Ether.
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
⭐️ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube