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How to enter the virtual currency industry?
Recently I found that it is difficult for newbies who have just entered the circle to understand some of the crypto terms that old investors often say.
Newcomers don’t understand the rules and regulations of the crypto, so they want to learn from the experiences of the big guys. However, they find that they also use encrypted conversations and cannot understand them at all.
Even friends who have been in the circle for a while sometimes suddenly can't remember what a certain word means.
So I decided to list the commonly used jargons to help friends get started faster and search with one click.
Basic nouns
Cex: Centralized Exchange, centralized exchange.
Dex: Decentralized exchange.
ERC20: The homogeneous token standard on Ethereum.
ERC721: Non-fungible token standard on Ethereum.
Ethereum: eth, Ethereum, a decentralized open source blockchain network, is also the name of its native token.
Solana:sol, Solana, a high-performance blockchain protocol based on consensus algorithm
gas: fuel, which represents the amount of computational work required to complete a transaction on the blockchain.
Gas fee: Fuel fee refers to the Ethereum fee required to complete a transaction on the blockchain.
Crypto Jargon
MM (Metamask) is the abbreviation of MetaMask, which is the most popular wallet in the Ethereum ecosystem.
meme meme/stalk, something that can spread
fam = family
fren = friend
FYI = for your information
LGTM = Looks good to me
NGMI = Not ganna make it
IDK = I don't know
Noob: A newbie or rookie.
Some of them are sensitive words and cannot be sent out. If you want to know more, you can read my profile.
Failure caused by insufficient cognition comes from information gaps, which is essentially due to disconnection between circles.
It is important to embrace a professional circle, which will help you take off and turn around quickly.
You can consult the village chief if you have any questions. WeChat: zknu758
