As we know the crypto world is constantly changing at a very fast pace with the changing times. And it is gaining popularity day by day and also people are incorporating themselves into it and new terminology is being added here. The basic aspects of crypto may be known to many and unknown to many. But apart from the basics of crypto, there is more to it than that. We all need to have an understanding of advanced crypto terms. Jitu Many of us are involved in crypto trading so these will help us to increase our knowledge and also help us to make better investment decisions. So we all should know these crypto terms. So let's discuss today about various advanced crypto terms:
Fiat
It is a currency of any country controlled by the government or central bank.
Blockchain
It is a cryptocurrency technology that makes transactions secure and safe. Where the transaction information is private and is not controlled by any individual or organization and is decentralized.
DeFi
DeFi means Decentralised Finance. It is not controlled by any third party. In this case every transaction is very safe and secure. Here transactions are completed in a very short time and are not controlled by any person or institution.
CeFi
CeFi means Centralised Finance. In this case the transaction is usually controlled by the government or financial institution or some third party.
Scalping
It is a trading strategy where the trading is done to make small profits and continuous profits without expecting huge profits. It is a short time based trading strategy.
High Frequency Trading
Advanced computer system capabilities are utilized for this type of trading and large orders are transacted through it. It only takes a few seconds for that. These strategies usually use programs with complex algorithms and require multiple market analyses. Then the orders are executed by analyzing the market and understanding the market conditions.
NONCE
Nonce is an abbreviation of Number Only Used Once. It is a number that can be used only once for certain cryptographic processes.
DeX
DeX means Decentralised Exchange. As a crypto asset owner, you enjoy ownership of your assets and private keys, as well as control over your account. No one else can interfere here.
FUD
FUD is an acronym for Fear, Uncertainty and Doubt. We are at least familiar with this issue and when we avoid these issues we can profit from the market. It is discussed when a person lowers the value of a coin or token at the expense of others for his own gain.
TOKENOMICS
The term Tokenomics is formed by combining the two words Token and Economics. This refers to cryptocurrencies and their value. Through this token creators are known. And also know about allocation and distribution method, market capitalization, business model, legal status. As crypto becomes more accepted, it is also possible to learn about how the different types of tokens function within the larger economic ecosystem. So in present times it is very important to know and it has become very important.
Mempol
We know that during a blockchain transaction there are multiple groups, each of which is waiting to be associated with another block. And these are Mempool.
There are also many terms associated with cryptocurrency. Among them are HODL,BAGHOLDER,GAS FEE,TOKEN,COIN,Shitcoin,Pump and Dump,Bear & Bullish,Stablecoin etc... There are also many more words. So we should know about them well. Every word is very important to us especially when we enter the market to invest. So we need to know about this.