Crypto tongue porn

in #crypto7 years ago

Learn the crypto Lingo

Altcoin – a cryptocurrency which isn’t bitcoin. Includes Ethereum (see flippening), Litecoin, Ripple, Monero, Dash and about 800 others (see maximalist).

Bitcoin – Digital money which is based upon cryptography, invented by Satoshi Nakamoto.

Blockchain – a distributed and peer to peer digital ledger.

BTC – symbol for bitcoin

Coinbase – world’s most popular and reliable cryptocurrency web wallet.

Cold Storage – secure way of keeping cryptocurrencies off exchange.

Cryptocurrency – generic term for digital and cryptography based money.

Exchange – where fiat money can be exchanged for bitcoin or altcoins.

Fiat – the name for bank issued money, derived from the latin ‘let it be’.

Fork – what happens when a blockchain diverges into two potential paths forward.

Satoshi Nakamoto – the pseudonymous creator of bitcoin.

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