Bitcoin is a cryptocurrency created in 2009 by an unknown person (or multiple people) using the alias Satoshi Nakamoto. Unlike traditional currencies such as the U.S. dollar, Bitcoin is not controlled by banks or governments. Bitcoin is by far the most valuable and popular cryptocurrency.
Blockchain is a digital ledger, a key technology that supports most cryptocurrencies, irreplaceable tokens (more on this later), and other unique digital projects.
Blockchain can be used to store all kinds of information, but by far, its most common use is to record cryptocurrency transactions. Once the transaction is completed, it enters this public ledger, which is managed by a global peer-to-peer network-millions of computers, in the case of Bitcoin.
Buy Fuck Down (BTFD)
The rally calls of the crypto bulls urge investors to buy cryptocurrencies when prices fall.
An all-digital currency system composed of “coins” or “tokens” controlled by a decentralized ledger.
As we all know, Tesla CEO’s tweets triggered a rebound in cryptocurrencies such as Bitcoin and Dogecoin.
A blockchain-based open source software used to control the cryptocurrency ether. .
FUD (“Fear, Uncertainty, Doubt”)
In encryption terms, FUD refers to negative information that affects the value of an asset.
Depending on who you are asking, this is either a stuck typo or an abbreviation for “keep it up for my dear life”. Bitcoin bulls often issue “HODL” as a reaction to FUD.
The complex process of new bitcoins entering circulation. Mining is not suitable for hobbyists: it requires high-performance computers that can solve complex mathematical problems in order to create new “blocks” on the blockchain.
The mining process consumes a lot of computing power and electricity, which has raised concerns about the environmental impact of Bitcoin.
Refers to the pseudonym of the person (or person) who invented Bitcoin. Their true identities are still unknown.
Satoshis, also known as “Sats”
The smallest unit of Bitcoin ever recorded on the blockchain is equivalent to one millionth of Bitcoin.
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