Different TECHNICAL TERMS IN CRIPTO

TERMS IN CRYPTOCURRENCY

 what is crypto?

According to Wikipedia cryptocurrency, Crypto or coin is a digital currency design to work as a medium of exchange through a computer network that is not reliant on any Central authority such as government or Bank to uphold or maintain it.

Many of them get confused in terms of many technical terms used in cryptocurrency today I am going to share some technical terms used in cryptocurrency so let's start

Bitcoin

Bitcoin is a decentralized network of digital currency transactions are made to and from 16 character encrypted address

ALTCOIN

Altcoins are cryptocurrency other than Bitcoin they share characteristic with Bitcoin but they are different.

BULLISH

It is a term used when the Global highly volatile cryptocurrency is rising or particular cryptocurrency is increasing in the long run.

FIAT

Fiat money is a government issued currency that is not back by a commodity such as gold Fiat money gives Central Bank greater control over the economy because they cann control how much money is printed

BLOCK CHAIN

A block change is a dcentralised all transactions across a pear to peer network using this technology participants can confirm transactions without a need for a central clearing authority potential application can include fund transfer settling tradeswarting and many other issue

FOMO

Fomo r the fear of missing out was a major driver force behind the Rapid rice and fault of Bitcoins price in 2017 impact fomo can be used as a psychological weapon by those who know how to exploited however this is also a sign that cryptocurrency market are quickly gaining momentum.

FUD

Fud means fear uncertainty and doubt it is another commonly used fees of Technical jargon found with in the Crypto word the term itself refers to a particular mind set that a Pessimistic when it comes to a certain asset

 or market

P COIN

Pioneer coin is a new virtual token that helps people who do not want to directly you said check cash or credit card in payment

HODL

It means hold kind for long term. It is a cryptocurrency strategy in which as the name implieses traders are holding on for their life this means that a trader need to extract themselves from selling the cryptocurrency token even in a extremely volatile times in terms of it's value

WHALE

The largest holders are called Whales who hold over $1 million worth of Crypto in their wallets holding is an industry term for uses who hold large amount of Crypto without selling them in hop of future profit

WALLET

It us a place to hold your Crypto coins

ATH

ATH  stands for all time high beaning exactly the highest value of all time.the term lites to the highest price achieved by an asset or on a given market or exchange and its very often used in context of investors in digital asset also known as Crypto asset

ICO

Ico are another form a Cryptography that business use in order to race capital through is your trading platform investors received unique cryptocurrency called tokens in exchange for their monetary investment in the

Business.