Here's the point. Have you mastered the most complete Web3 jargon guide?

stay Web3 The world , Everyone uses some terms in communication , As Web3 The small white , Do you understand jargon ？

Let's look at the following terms , How much do you know ？ Test whether you are qualified Web3 people ~

slang ：

ALPHA - Early investment advice or information that keeps you ahead of the game

APEING IN - Without prior investigation , Buy blindly NFT project

BTFD - Bargain hunting , When the price of cryptocurrency falls sharply , It's time to buy

BUIDL - Build useful 、 Meaningful things

DEGEN - DeFi Gambler 、 an old hand , Don't consider DeFi In the case of protocol security audit , Preemptive investment , And the heat drops 、 Departure before bubble burst , Extract liquidity 、 Sell tokens to the next novice

DYOR - Investing in cryptocurrencies 、 Buy NFT I've done my own research before .

FOMO - Afraid to miss

FREN - friend

FUD - Fear 、 Uncertainty and doubt

GM - Good morning

GN - Good night,

GMI - It will succeed

NGM****I - It won't work

WAGMI - We will all succeed

HOD****L - When the price of cryptocurrency plummeted , Stick to it

IRL - In real life Abbreviation ,「 real world 」 It means . That is to say OpenSea、Twitter And Discord Outside the world

REKT - wrecked, A cryptocurrency trader who suffers losses as a result of a sharp fall in prices

RUGGED - Usually refers to The project party paid for running away

SHILL - Support , Someone who sells tokens paid by others to raise prices . They try to spread rumors by endorsing products in public forums

SWEEP THE FLOOR - Buy in bulk at the reserve price NFT

WEN - When When

WHALE - Individuals who hold a large number of specific cryptocurrency tokens 、 Institution or exchange

Basic terms ：

ADDRESS - Represents the wallet address that can send and receive cryptocurrency

AIRDROP - Marketing campaigns that distribute specific cryptocurrencies or tokens to audiences through wallets

BLOCK EXPLORER - View the transaction interface on the blockchain

BLOCKCHAIN - Blockchain , A series of blocks or digital information units continuously stored in a common database , Is the foundation of cryptocurrency

BURN - When NFT Or when tokens are deliberately and permanently removed from circulation , They will be regarded as “ Burnout ”

CRYPTO - Cryptocurrency , A digital currency protected by cryptography , It's almost impossible to be forged

DAO - Decentralized autonomous organization , A blockchain based organization , All relevant people can have ownership and participate in decision-making

DAPP - Decentralized applications , Practical application in blockchain

DECENTRALIZATION - De centralization , Remove control and decision-making from centralized entities 、 Transfer of individuals or organizations to distributed networks

DEFI - Decentralized Finance , Eliminate the influence of banks and institutions on money 、 Control of financial products and services

FIAT - The term for government issued money , Such as the US dollar or any currency controlled by the central authority

FLOOR - On sale NFT The lowest price of

GAS - The cost of transaction or contract execution on Ethereum blockchain

GWEI - Used to define... In Ethereum transactions gas Denomination of cost

MAXI - Minimalist , It is considered that a specific cryptocurrency is the only feasible cryptocurrency so far , And mainly invest in it

METAVERSE - A digital world that includes all aspects of the real world - Real time interaction and economy

MINT - Create a new NFT Tokens, , Turn digital files into encrypted collections or digital assets

NFT - Irreplaceable tokens , A unique digital object , Give ownership to virtual goods , Such as digital art or online collections

PERMISSIONLESS - Commonly used to describe blockchain , A system in which no entity can regulate who can use it and how to use it

P2E - Play for money , Such as Axie Infinity Games like that

PFP - Personal portrait NFT

SEED PHRASE - A series of words to unlock your encrypted wallet . It's like your bank account 、 Social security number 、 Date of birth 、 Home address and ATM password - All in one . If someone gets it , They can take all your encrypted assets .

SELF CUSTODY - Your digital assets are under your control , It's not like Coinbase In such an exchange

SMART CONTRACT - A piece of code that executes automatically once certain conditions are met

SOCIAL TOKEN - A cryptocurrency , brand 、 Communities or influencers can use this to make a profit

TOKEN - A representative of an asset , You can hold 、 Trade or pledge to earn interest

TRUSTLE****SS - The environment without centralized institutions such as banks

WALLET- wallet , Where encrypted assets are stored

COLD WALLET - Cold Wallet , Store digital assets offline , Protect them from bad actors

HOT WALLET - Hot Wallet , Online and easy to access , But it's also more vulnerable to hackers

WHITE/ALLOWLIST - Obtain and guarantee access in advance in a specific date and time window mint NFT List of addresses

Advanced terminology ：

BLOCK - Blockchain is an integral part of blockchain , A file containing information about transactions completed within a given time period .

ERC-20 - A simple interface that allows you to create tokens on Ethereum , These tokens can be reused by other applications , From wallets to decentralized exchanges

ERC-721 – Define irreplaceable tokens on Ethereum (NFT), Allow anyone to create a completely unique token

IMMUTABLE - The data cannot be changed by anyone after it is created , This is the core definition feature of blockchain

INTEROPERABILITY - The ability to view and share information across multiple blockchains

LAYER 2 - An extended solution to promote the large-scale adoption of Ethereum platform , Provide tools to create prioritized performance 、 Extensibility of user experience and security dapp

MINING - The process of adding blocks to the blockchain , Validate transactions , And how to create new bitcoin or some fake coins

NODE - The most basic unit of blockchain infrastructure for storing data

PROOF OF STAKE - An encryption mining system , Mining capacity is rewarded according to the number of tokens owned by miners , Than PROOF OF WORK More energy efficient

PROOF OF WORK - A mining system that involves solving compute intensive challenges to validate transactions and create new blocks

STABLECOIN - A cryptocurrency with very low volatility , Its market value is linked to external references such as the US dollar

STAKING - Put your token into the blockchain as a verifier and get a reward

Web3 Is the place to build the future . You're ready to Web3 Has the world done its best ？

You can focus on 《Polkadot Community 》 Check out previous articles , Have more in-depth communication and discussion with us .

You can also pay attention to the password geek community ：

Twitter：@CryptoGeekCG

Discord：https://discord.gg/cBEBhT5bTH