Beginner’s Blockchain Glossary (2/3)

Telegram marketing memberstelegram
                                            Telegram Blockchain Glossary.

List of Blockchain Definitions

E

What is ERC20?

ERC20 stands for Ethereum Request for Comments which is the standard protocol using on Ethereum network for issuing tokens. On the Ethereum network, ICOs use ERC to present their tokens and remain the standard of trading and managing sets. Besides, ERC20 also use these tokens to fuel its economy.

What is Ether?

Ether fuels the Ethereum platform which makes transactions, actions or other activities possible on the Ethereum blockchain. Ether is required on many apps to function in the network. At first, Ether was sold to investors in crowd sale and it also concerned by miners who provides computational power to the transactions. Currently, Ether has been used Proof of Work method for validating transactions.

What is Ethereum?

Ethereum is one of the successful points of Bitcoin which is an open source platform using blockchain technology. Creating smart contracts and developing, deploying and maintaining decentralized applications are the standout features of it. Both miners rewards and transaction fees used Ether because Ether is usedá a native token to fuel the platform. In addition, it is able to use for other services which are suggested by dApps.

What is Ethereum Classic?

Ethereum Classic or ETC is a cryptocurrency that appears after the hard fork of Ethereum blockchain. After the big Ethereum Decentralized Autonomous Organization (DAO) hack occurs, we have Ethereum Classic. Ethereum Classic carried the properties of the primitive Ethereum chain so this is the reason why it was a hard fork. And one of the purposes of Ethereum Classic is that it is done to look after the interest of the community. After the hack process, there will appear two forces. The first one is against the fork and the other one for the fork.

What is Ethereum Gas?

Ethereum Gas is used as the foundation element of computation try to execute transactions on the Ethereum blockchain platform. There will have some transaction fee associated with Ethereum if a transaction takes place. It bases on the GAS value at the time of the transaction to calculate the number of transaction fees. In addition, there also have Gas Limit and Gas Price combine with it. One of the main functions of Gas Limit is that it is used for protecting unintended expenditure. Besides, it also cares for the network from becoming too crowded. And the transaction fee or we can call TX was calculated when Gas limit multiplied with the gas price,

F

What is Federated Blockchain?

Federated Blockchain is also known as Consortium Blockchain which is a partly private Blockchain. It is the same in many points to the fully private network. In addition, it also attracts some features from a public Blockchain network and provides users with the best from the two works. As you know, the power may not stay with one entity. Federated Blockchain belongs to a group of leaders who manage the Blockchain. Federated Blockchain is a really necessary tool for companies who are working together on a project or a group of entities managing a consortium Blockchain. This also means that people cannot take part in the network and requires permission to access it because the basic use-case is for organization and collaboration for examples EWF, r3, or etc…

Definition of Fiat

Fiat is also known as legal tender which is the legal money issued by the government. According to the legal tender, Fiat is considered the only currency which can be used to buy, sell or trade goods using it. Apart from it, other types of currencies are not acceptable. Cryptocurrencies are also stated as legal tender in many countries and states in the world. However, it is not the same in other countries. However, there are many countries which have also banned Cryptocurrencies so Cryptocurrencies is not the same in other countries.  Government and the market conditions are responsible for Fiat and control the value of their for example of fiat include Yen, US dollar, Euro, Pound, etc.

What FOMO means?

FOMO is a popular word used in Cryptocurrency community which stands for Fear of Missing Out. Fear of Missing Out happens with an individual when he or she makes a decision based on fear. In addition, it is also able to happen because rumors or news widen through social media accounts. One of the best examples in this situation would be Bitcoin because increased just $1000 to $19,000 in the year 2017. Currently, most of the investors who do not know the emotion of FOMO in invested when it was around all-time-high are stuck with their investment. FOMO is one of the most popular ones among newbie traders, and even veterans are not free from this emotion.

Definition of FUD

 FUD in crypto FUD stands for the fear, uncertainty, and doubt about a crypto coin or the community as a whole. it leads to big market crashes because people sell off in groups and listen to bad advice that is very popular in social media. Until now, one of the biggest FUD that we keep hearing is that Bitcoin is a Bubble. It is used many times in media and still, people fall for this. In short, FUD can be induced by the negative news and it is able to bump into the market.

G

What is Genesis Block?

The Blockchain is included many blocks. The first one of that said Blockchain is known as a beginning block which is numbered 0. After releasing, nothing can change it because it is also hardcoded. The Genesis Block was founded by the existence in the Bitcoin white paper. The first Genesis Block of Bitcoin is able to contain 50 Bitcoins.

What is HashGraph?

HashGraph and blockchain are completely different. One of the standout points is that HashGraph may resolve many problems that blockchain has. For example, HashGrap is more secure, faster and fair to HashGraph’s users. It is the reason why HashGraph can easily be termed as a new generation blockchain in the feature. Besides, Hashgraph is a directed acyclic graph which has the properties of distributed ledger technology.

What is HyperLedger?

HyperLedger is managed by Linux Foundations and it is another blockchain project. To improve the blockchain technology, it tries to bring collaborative effort from all main blockchain players in the market. Brian Behlendorf-the executive director of the project, also added that HyperLedger will focus on the improvement of blockchain ecosystem facilitated so it would not have any tokens by cross-industry reach.

Definition of HOLD

HODL is a really popular term in the cryptocurrency community which stands for “HOLD” in cryptocurrency. In 2013, the term “HODL” was released when a user in Bitcointalk forum, spelled it HOLD as HODL and that time is the worst period of Bitcoin. In spite of the bad fall, GameKyuubi still came forward and said that he will try his best to held their coins as well. Although it was GameKyuubi’s mistake, it quickly became popular among the community members and they use it to convey the idea of holding. Now, most people read as “hold on for dear life” as a humorous backronym

I – Blockchain Definitions

What is an ICO?

ICO stands for Initial coin offering. Startups or businesses often use it to raise funds by selling their token to the investors. Although ICO’s may sound similar to Initial Public Offering (IPOs), they work differently. If anyone wants to run a successful ICO, they need to have a working product or an idea. Because ICO’s are unregulated and have more risk associated with it, so you should be careful when using it.

J

K

L

Definition of Lambo

It is a crypto slang that is used to cryptocurrency traders and investors. Lambo stands for Lamborghini. Lambo is one of the fastest cars available at the time of writing and also the most expensive as well as the luxury car in the world.

M

What is Mainnet?

Technically, Mainnet provides users with numerous functions. It is able to provide users with the ability to send and receive digital currency as a blog blockchain. Especially, it is different from Testnet. WhileTestnet just simulates the desired functionality,  Mainnet is actual end product ready for real-world use.

N

What is NEO?

At first, NEO is known as AntShares which is a decentralized Blockchain platform that is also known as “Chinese Ethereum.” Thanks to it, developers can open the source and create powerful dApps taking advantages of the smart contracts 2.0. Moreover, it is very convenient because developers don’t need to learn any specific language to develop dApps on the platform. NEO Blockchain uses DBFT Tolerance which can support 10,000 transactions per second. And this is one of the standout features of it. And of course, GAS plays an important part in the NEO ecosystem.

What is NEP5?

NEP5 is one of the standards of NEO tokens which stand for NEO development protocol with the number “5” denotes the revision that everyone agreed on. It is an important protocol that controls how NEO token is developed, shared and behave in the NEO network. You have to meet the NEP-5 standard if you want to pass around your token. Because it wants to make sure that the communication between two parties systematically takes place. NEP5 has some stand out functions like token approval, balance checks, transfer, etc.

Read the ultimate guide on NEP5 here and expand your knowledge beyond Blockchain glossary terms.

What is NFT?

NFT means Non-Fungible Token which it is not fungible. This means that nothing can replace the tokens and hence is useful for unique scenarios. NFT is distinguishable and cannot be interchangeable to other tokens. For instance, it can be used to issue a game card or a baseball card that is unique and cannot be exchanged with other forms of tokens. It is completely verifiable and provides ownership through Blockchain and Cryptocurrency.

O

Related Topic:

Beginner’s Blockchain Glossary (1/3)

Beginner’s Blockchain Glossary (3/3)

 

 

115 Comments

  1. gamefly

    Thanks for finally talking about >Beginner’s Blockchain Glossary (2/3) – Buy Telegram
    Members, Telegram Marketing Software. <Liked it!

  2. gamefly

    I have been exploring for a bit for any high quality articles or weblog posts in this sort of area .

    Exploring in Yahoo I eventually stumbled upon this web site.
    Studying this info So i’m happy to show that I have a very just right uncanny feeling I discovered exactly what I needed.
    I such a lot indisputably will make certain to do not overlook this website and
    provides it a glance on a relentless basis.

  3. minecraft free download

    I used to be suggested this blog by way of my cousin. I am not positive whether
    this submit is written by way of him as no one else realize such
    exact approximately my difficulty. You are amazing! Thank you!

  4. g

    I feel this is among the such a lot significant info for me.

    And i am satisfied reading your article. However want to remark on few general things, The website style is great, the articles is in point of fact nice
    : D. Excellent process, cheers

  5. minecraft for free

    Hey I know this is off topic but I was wondering if you knew of any widgets I
    could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and
    was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly
    enjoy reading your blog and I look forward to your new
    updates.

  6. gamefly free trial

    Hi, i feel that i saw you visited my web site so i came
    to return the choose?.I’m attempting to in finding issues to improve my
    web site!I assume its good enough to make use
    of a few of your ideas!!

  7. gamefly free trial

    Nice post. I was checking constantly this blog and
    I am inspired! Extremely useful information particularly
    the remaining phase 🙂 I maintain such information a lot.
    I used to be seeking this particular information for a very long time.

    Thanks and best of luck.

  8. gamefly free trial

    Hi there, I found your web site via Google whilst looking for a related topic, your web site came
    up, it looks good. I’ve bookmarked it in my google bookmarks.

    Hi there, simply become alert to your weblog via Google, and found that it is truly
    informative. I am gonna watch out for brussels. I’ll
    be grateful if you continue this in future.
    Numerous folks will likely be benefited from your writing.
    Cheers!

  9. gamefly free trial

    Howdy would you mind letting me know which hosting company you’re working with?
    I’ve loaded your blog in 3 completely different web browsers
    and I must say this blog loads a lot quicker then most. Can you
    suggest a good internet hosting provider at a reasonable price?
    Thank you, I appreciate it!

  10. portable jump starter

    12155 336635Hi! I discovered your web site accidentally today, but am truly pleased that we did! Its not only entertaining, but in addition straightforward to make use of in contrast to lots that Ive viewed! 928304

  11. gamefly free trial

    When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment.
    Is there any way you can remove me from that service?

    Bless you!

  12. gamefly free trial

    I simply could not depart your site prior to suggesting that I really enjoyed the usual information a person provide for your guests?
    Is gonna be back ceaselessly in order to inspect new
    posts

  13. gamefly free trial

    You actually make it seem so easy together with your presentation but I to
    find this matter to be really one thing which I think I would never understand.
    It seems too complex and very extensive for me.
    I am having a look ahead in your subsequent put up, I will try to get the hang of it!

  14. gamefly free trial 2019 coupon

    It is appropriate time to make some plans for the longer term and it’s time to be
    happy. I’ve learn this post and if I could I desire
    to recommend you few fascinating issues or suggestions. Maybe you could write next articles regarding this article.
    I wish to read even more issues approximately it!

  15. quest bars cheap

    My brother suggested I might like this blog. He was entirely right.
    This post truly made my day. You cann’t imagine just how much time I had
    spent for this information! Thanks!

  16. quest bars

    What’s up all, here every person is sharing these kinds of
    familiarity, so it’s nice to read this weblog, and I used to pay a visit this website all the time.

  17. tinyurl.com

    I believe that is among the most important info for me.
    And i am satisfied reading your article. But want to observation on some basic issues,
    The website style is great, the articles is really great : D.
    Excellent job, cheers

  18. tor onion directory.

    510365 838939Aw, it was a really great post. In notion I would like to devote writing such as this furthermore,?C spending time and specific work to produce a great article?- nonetheless so what can I say?- I waste time alot and never at all appear to obtain 1 thing completed. 182744

  19. plenty of fish dating site

    Simply wish to say your article is as astonishing.
    The clearness in your post is just cool and i could assume you are an expert on this subject.
    Fine with your permission let me to grab your feed to keep updated with forthcoming post.

    Thanks a million and please carry on the enjoyable work.

  20. natalielise

    Hey there! Do you know if they make any plugins to assist
    with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good gains. If you know of any please share.

    Cheers! natalielise pof

  21. plenty of fish dating site

    Hiya very cool blog!! Man .. Beautiful .. Wonderful ..
    I’ll bookmark your blog and take the feeds additionally? I’m glad to find so many helpful info here
    in the publish, we’d like work out more techniques on this regard, thanks for sharing.
    . . . . .

  22. plenty of fish

    I think this is one of the most vital information for me. And i’m glad reading your article.
    But should remark on some general things,
    The web site style is wonderful, the articles is really excellent
    : D. Good job, cheers

  23. pof

    You could definitely see your expertise within the work you write.
    The world hopes for more passionate writers like you who aren’t afraid to
    say how they believe. At all times go after your heart.

  24. plenty of fish dating site

    I don’t know whether it’s just me or if perhaps everybody else experiencing problems with your site.
    It appears like some of the text in your posts are running off the screen. Can somebody else
    please comment and let me know if this is happening to them as well?
    This may be a issue with my web browser because
    I’ve had this happen previously. Many thanks

  25. plenty of fish dating site

    Heya just wanted to give you a quick heads up
    and let you know a few of the images aren’t loading correctly.
    I’m not sure why but I think its a linking issue. I’ve tried it in two different internet
    browsers and both show the same outcome.

  26. Carltog

    [url=http://viagra150.com/]how much does viagra cost[/url] [url=http://sildenafil911.com/]order sildenafil online[/url] [url=http://doxycycline24.com/]doxycycline 40 mg[/url] [url=http://azithromycin1.com/]azithromycin buy[/url] [url=http://allopurinol3.com/]buy allopurinol[/url] [url=http://arimidex1.com/]arimidex buy[/url]

  27. quest bars cheap

    Excellent post. I was checking constantly this blog and
    I am impressed! Extremely useful information particularly the last part :
    ) I care for such info a lot. I was looking for this particular
    information for a very long time. Thank you and best of luck.

  28. thannyBapyImmak

    kty [url=https://online-casino24.us/#]casino bonus codes[/url] bsu [url=https://online-casino24.us/#]no deposit casino[/url]
    oct [url=https://online-casino24.us/#]casino play[/url]

  29. Marytog

    [url=http://viagra150.com/]buy viagra without a prescription[/url] [url=http://cephalexin5.com/]cephalexin 250mg capsules[/url] [url=http://albuterol9.com/]albuterol inhaler[/url] [url=http://arimidex1.com/]arimidex steroids[/url] [url=http://dapoxetine90.com/]dapoxetine online[/url] [url=http://zoloft25.com/]sertraline zoloft[/url] [url=http://vardenafil10.com/]buy vardenafil canada[/url] [url=http://indocin25.com/]indomethacin 25 mg[/url] [url=http://clomid1.com/]clomid[/url] [url=http://lisinopril25.com/]lisinopril drug[/url]

  30. Marktog

    [url=http://lisinopril25.com/]lisinopril[/url] [url=http://tadalafil2019.com/]tadalafil 5mg[/url] [url=http://elimite30.com/]elimite cost[/url] [url=http://tadacip365.com/]buy tadacip 20 mg[/url] [url=http://hydrochlorothiazide24.com/]hydrochlorothiazide 25[/url]

  31. CepeFoelt

    qoo [url=https://onlinecasinogameslist24.us/#][/url] iln [url=https://onlinecasinogameslist24.us/#]casino real money[/url]
    zcc [url=https://onlinecasinogameslist24.us/#]casino slots[/url]

  32. quest bars cheap

    Definitely believe that which you said. Your favourite justification appeared to be on the web the easiest thing to understand of.
    I say to you, I certainly get irked while people consider worries that they just do not know about.
    You controlled to hit the nail upon the highest and also defined out the entire thing
    without having side effect , other people can take a signal.
    Will probably be again to get more. Thank you

  33. quest bars cheap

    Hey there! I know this is kind of off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having
    problems finding one? Thanks a lot!

  34. quest bars cheap

    Please let me know if you’re looking for a author for
    your blog. You have some really good posts and I think I
    would be a good asset. If you ever want to take
    some of the load off, I’d really like to write some material for your blog in exchange
    for a link back to mine. Please blast me an email if interested.
    Thank you!

  35. Eyetog

    [url=https://sildenafil250.com/]sildenafil tablets[/url] [url=https://propecia365.com/]propecia for men[/url] [url=https://fluoxetine50.com/]buy fluoxetine[/url] [url=https://prednisone24.com/]prednisone tablets[/url] [url=https://azithromycin5.com/]azithromycin[/url] [url=https://elimite1.com/]permethrin cream for sale[/url] [url=https://tadalafil500.com/]tadalafil usa[/url] [url=https://viagra3.com/]viagra[/url] [url=https://kamagra8.com/]kamagra[/url] [url=https://propecia2.com/]propecia[/url]

  36. quest bars cheap

    Very nice post. I just stumbled upon your blog and wished to say that I’ve
    really enjoyed surfing around your blog posts. In any case I will be subscribing
    to your feed and I hope you write again soon!

Leave A Comment?