Mommin' It Monday - Stream 23 - Crypto News Nov 30th, 2020

Today our Mommin' It Monday's episode coincided with Cyber Monday. How exciting is that! To celebrate I am offering today up to 60% Off T-Shirts, Business Cards, Tote Bags & other items in my Crypto Swap Shop with coupon code  CYBERMONDEAL.  Follow this link directly to store and check out my crypto designs. I made sure that you will find something special and unique for everyone! Also, the products in my store can be customized with your name, your socia media handle, a personal message or even a picture. Zazzle is SUPER COOL and makes shopping really fun! Hope you enjoyed the little correction the crypto markets experienced over the last few days. If you had set buys it was certainly the right time despite the height. Today it is clear that Bitcoin and altcoins decided to keep on moving up and while they do we watch the market attentively as we receive updates on a variety of topics. And most importantly share the most relevant ones on our weekly Mommin' It Monday&#

Crypto Dictionary: The Basics according to Oxford Dictionary

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It is very easy to find crypto related words and definitions on Wikipedia. However the definition itself is only completely accepted worldwide, by major institutions, once it has been added as a word to the Oxford Dictionary. So I gathered some few simply words that only exists today because of Bitcoin. Definitions that have already been added to the Oxford dictionary and that will probably be recorded in history forever.

1. Cryptocurrency: A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

EX: ‘decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation’
Origin: Early 21st century from crypto- + currency.

2. Bitcoin:  A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.

EX: ' if you want to buy something using bitcoin you need to make sure the seller accepts the cryptocurrency’


3. Blockchain: A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.

‘we can actually have a look at the blockchain and see evidence of what's going on’

4. Cryptography: The art of writing or solving codes. 

5. Satoshi: “A satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”

And for now that is as far Oxford dictionary goes when it comes to Cryptocurrencies and blockchain technology. They fail to mention the definition of Litecoin, Ethereum or the word alt-coin and stable-coin itself. So I did not even attempt to go much further as those two seam to be the most popular ones in the market today. Luckily they did not try to define Bitcoin Cash either. On another note I did find the meaning for computing Fork which I thought was quite nice: Split (a process) into two or more independent process. Hope one day they get to distinguish between a soft and a hard fork.

One of these days I will make sure to add  more popular definitions that we often use when talking about crypto in the real world. There are certainly many words, terms and slangs that are now part of our popular culture.


All my best,
MamaeCrypto
By: Michelle Mafra (MamãeCrypto)
Mamaecrypto.blogspot.com
www.mammycrypto.com
Youtube: @Mamaecrypto
Twitter: @Miximports
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