1. Airdrop
An airdrop occurs when blockchain projects distribute free tokens directly to users' wallets. This popular marketing tactic gained traction in 2017 as it encouraged recipients to learn more about the project.
2. Altcoin (Alternative Coin)
Altcoins refer to all cryptocurrencies other than Bitcoin. Projects like Litecoin (LTC) emerged to address Bitcoin's limitations, creating this category of alternative coins.
3. AMA (Ask Me Anything)
AMAs are live Q&A sessions where project teams answer community questions through video or text streams. 👉 Learn how top projects engage their communities
4. AML (Anti-Money Laundering)
AML regulations prevent illegally obtained funds from being disguised as legitimate through strict financial policies.
5. Bearish
A bear market indicates declining prices, symbolized by how bears swipe downward when attacking prey.
6. Blockchain
This distributed ledger technology forms the foundation for decentralized networks through cryptographically linked blocks of data.
7. Bounty Program
Projects reward participants for completing tasks like translations or social media promotions through structured bounty campaigns.
Market Dynamics
| Term | Definition | Example |
|---|---|---|
| Bullish | Rising price trend | Bitcoin's 2021 rally |
| Candlestick Chart | Price visualization tool | Daily BTC/USD charts |
8. Circulating Supply
The total number of coins/tokens currently available for trading in the market.
9. CMC (CoinMarketCap)
The leading cryptocurrency data aggregator providing real-time prices, market caps, and rankings.
10. Cryptocurrency Exchange
Digital platforms for buying/selling crypto assets, similar to stock exchanges but operating 24/7.
FAQ: Common Blockchain Questions
Q: What's the difference between ERC-20 and other tokens?
A: ERC-20 represents a technical standard for Ethereum-based tokens ensuring compatibility across wallets and exchanges.
Q: Why do transactions require Gas?
A: Gas fees compensate Ethereum miners for verifying transactions and executing smart contracts. 👉 Understand transaction costs
Q: How do ICOs differ from IEOs?
A: ICOs (Initial Coin Offerings) are project-run sales, while IEOs (Initial Exchange Offerings) are conducted through established trading platforms for added security.
11. FOMO (Fear of Missing Out)
The psychological urge to invest during price rallies to avoid missing potential gains.
12. Fork
Blockchain protocol updates creating new chains - classified as:
- Soft forks (backward-compatible)
- Hard forks (permanent divergence)
13. HODL
A humorous term originating from "hold" misspelling, now representing long-term investment strategies regardless of market volatility.
Key Takeaways:
- Master these terms to navigate blockchain spaces confidently
- Always verify project fundamentals before participating in IDOs
- Understanding market indicators helps make informed decisions
This comprehensive guide covers 25 essential concepts for blockchain enthusiasts. Bookmark it as your crypto reference manual!