General Cryptocurrency Related Terms and Definitions

I made this page as a quick dictionary of sorts of the many Cryptocurrency related terms that may appear in my posts.

Since the subject of cryptocurrencies and mining intertwine so much with computer technologies I also included many common computer related terms. A few of the more common trading acronyms are included as well, as most people involved with cryptocurrencies will also trade at some point and may be unfamiliar with the terminology.

While this page is not meant to be a comprehensive list, rather it acts as a supplement to my normal posts to help provide more detail about certain terms or acronyms than would be appropriate in the posting.

I will add to the list on regular basis, so for now consider it a work in progress.


A

 

 

 

B

BTC – Bitcoin BTC is short for Bitcoin and is often used as Bitcoin’s trading symbol on exchanges, as well as a comment shorthand abbreviation often seen on forums and in chats.

C

CPU – Central Processing Unit also sometimes referred to as simply “processor” is a single IC or “chip” within a computer that handles the basic arithmetic, logical, control and input/output (I/O) operations specified by a set of computer instructions. In modern Desktop PCs this will typically be either an Intel or AMD processor, such as the Intel Pentium series.

 

D

DOGE – Dogecoin  DOGE is short for Dogecoin and is often used as Dogecoin’s trading symbol on exchanges, as well as a comment shorthand abbreviation often seen on forums and in chats. Doge coin was initially created as a joke and spoof of Litecoin and other alts, but due to the popularity of the Doge meme it took on a life of its own.

 

E

EEA – Enterprise Ethereum Alliance

ETC – Ethereum Classic ETC is short for Ethereum Classic and is often used as Ethereum Classic’s trading symbol on exchanges, as well as a comment shorthand abbreviation often seen on forums and in chats. Ethereum Classic is a fork of Ethereum that occurred due to the roll-back of the DAO hack.

ETH – Ethereum ETH is short for Ethereum and is often used as Ethereum’s trading symbol on exchanges, as well as a comment shorthand abbreviation often seen on forums and in chats.

 

 

F

FOMO – Fear of Missing Out is often used to explain the sudden inrush of buy orders when a coins value begins to increase. People see an trading opportunity and get in to take advantage of the upwards price movements before it ends.

FUD – Fear/Uncertainty/Doubt Often negative sentiments spread in forums and social media to try to drive down coin prices.

G

GPU – Graphical Processing Unit

 

 

H

Heat sink (heatsink)  –

 

I

ICO – Initial Coin Offering

 

L

LTC – Litecoin LTC is short for Litecoin and is often used as Litecoin’s trading symbol on exchanges, as well as a comment shorthand abbreviation often seen on forums and in chats.

 

T

TA – Technical Analysis The study of of the past performance of price action (usually with charts) to predict the near future movement.

TDPthermal design power or thermal design point, is the maximum amount of heat generated by a computer chip or component (normally used in CPU or GPU specifications) that the component combined with its related cooling system (heat-sink and/or fans) can effectively dissipate during normal operation.