All cryptocurrency jargon and vocabulary

Vocabulario de criptomonedas

You come looking for those rare words that you don’t stop reading all over the web and here we present you the most complete dictionary with all the meanings of all those weird Spanish words so you can understand everything perfectly✌️ We must also say that there are many English words that we Spanishize as if it were a token verb and to the action of creating tokens we call it tokenization (so we spend them here with the English words)

They do not have any type of order so I recommend that you do ctrl + f and put the word you need

  • Blockchain: Block chain
  • Rig: Mining Structure

  • Bullish: Bullish trend (not to be confused with bullshit)

  • Bearish: Downtrend

  • Fiat: Trust money money that is based on faith. (normal money)

  • Bitcoin not bit coin, It is usually referred by the acronym BTC or XBT

  • Block: blockchain segment where all confirmations of pending transactions are.

  • Block chain: set of blocks that make up the blockchain technology that makes the function that would make a record book of all movements and transactions of the currency

  • Private key: Code / address of your wallet that could be translated directly as the keys to open your wallet

  • Public key: Code / address of your wallet but that is simply used to receive coins or as an ID to know who sent them

  • P2P: Peer to peer or for you to understand, from person to person, without intermediaries

  • Hash: is the unit of measurement of the processing power, whether it is bitcoin or other currencies such as ethereum, it is always used in second measurements, speaking of hash ratio or hash rate in English for example 2TH / s that would be 2 tera hashes per second

  • FOMO: Fear Of Missing Out

  • DYOR: Do Your Own Research

  • Token: Virtual currency that only has value within your company / project

  • Tokenization: Action to create your own token

  • Shitcoin: Shit coin or poor quality cryptocurrency project / company

  • Cryptocurrency: Company or project that uses the blockchain or similar ecosystem to create its financial system

  • StarterPack: Starter package

  • Exchange: broker or market where currencies are exchanged

  • Broker: intermediary in charge of exchanging some coins for others taking a small commission for that task

  • Wallet: It is where your cryptocurrencies are stored

  • Scam: scams or traps to cheat and steal money

  • Trader: Person who invests when buying and selling assets or currencies with their own money

  • Altcoin: ALTernativeCoin alternative currency referring to that it is not bitcoin

  • Mine: Perform operations with your computing power to help and verify transactions within the blockchain

  • Market Cap: Total amount of money invested in a cryptocurrency. Knowing that and the total coins there are, we get the price of the coin

  • Volatile: That has great movements in a relatively short period of time

  • Portfolio: Strategy to diversify investments that commonly take effect in the long term

  • POW: Proof of work , is the system in which the miner who validates the transactions is rewarded / paid

  • POS: Proof of stake or what it would be without being literal proof of quantity or property in short that you have a minimum amount X of the currency and therefore you have the authority to create and own a Blockchain Node, benefiting from the system that pays / rewards the owner of the node to validate the transactions that are performed on your node

  • Masternode: node owned by a user in which he is rewarded with the POS system

  • Nodo: blockchain section or block

  • SmartContract: smart contracts

  • ERC20: encryption protocol on which all projects created from the ethereum platform are based

  • Scalability: that is scalable or has the facilities or the ability to make it grow

  • ICO: Initial Coin Offer, It would be like the crowdfunding of the crypts

* The videos and all the information provided on this website have a purely educational character about trading and investing. It is a training service of a generic nature and not personalized to the user’s circumstances. This website does not offer ANY kind of advice to its users, either actively or in response to the questions received. As it is a formative web page, we cannot be responsible for the improper use that the user makes of said information. Financial speculation and investing carry risks of losing your money and it is an essential requirement to have the minimum knowledge, judgment and common sense to operate. In no case may claim the person responsible for this website, damages and prejudices arising from its operation.