Cryptocurrency is on the lips of investors, customers, developers, regulators, and everyday people on the street. Some of the terms and slang used in cryptocurrency can be troublesome if you coming across them for the first time. In this article, we will guide you through 20 crypto slangs every crypto enthusiast should know.Let\u2019s jump right in.Satoshi NakamotoNo one knows who Satoshi Nakamoto is, but what we do know is that he is the one that penned the white paper for bitcoin. He is credited with creating bitcoin, and it is estimated that Satoshi Nakamoto would be worth billions.Decentralized apps (dApps)Decentralized Apps are outside of the control of any single authority. DApps are digital applications that run or exist on a Peer2Peer network of computers on a blockchain.Initial Coin OfferingInitial coin offering or otherwise known as initial currency offering is a type of funding instrument that uses cryptocurrency. They are the most popularly crowdfunding campaigns, however, a private ICO can source funds without the need of the public.Private KeyA private key is a secure password that enables you to access your cryptocurrency funds. That can consist of a string of numbers or letters and should always be kept safe.Decentralized finance (DeFi)Decentralized finance is a blockchain-based form of finance. They do not rely on central financial intermediaries like brokerages, banks, and exchanges. They utilize smart contracts on blockchains, and the most common blockchain used is Ethereum.BlockchainIn simple terms, blockchain is a system that is used to record information and makes it virtually impossible to hack, change or cheat the system. In essence, blockchain is a ledger of transactions that are duplicated and distributed over a network.Crypto WalletA crypto wallet is a program or physical hardware wallet that stores your private keys. It is also used to digitally sign transactions.GasGas is a word\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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