Happy Birthday Bitcoin!

Happy Birthday Bitcoin! 12 years ago today, Satoshi Nakamoto, published to the world the Bitcoin White-Paper. The 9 page document described a revolutionary, electronic, decentralized, peer 2 peer cash system. A system that has organically grown into a global payment network today. 
Want to read the original Bitcoin White-Paper Document? Access it in this link: https://bitcoin.org/bitcoin.pdf
Below a HAPPY BIRTHDAY from All. Follow the Link for a nice surprise!https://twitter.com/CryptoCoinTree/status/1322585153374461952?s=20
All my best Michelle Mwww.mammycrypto.comSocial Media links: https://cointr.ee/mammycrypto

Cryptionary

A compilation of all the crypto and blockchain terms and slags that I have found on the internet. Including sources of course. 

Before we start, here is a saying I recently coined in Portuguese, and below translated to English that gives more reason and purpose to this page and the work that I do in this blog. This is my small part of the contribution. Hope you enjoy learning more about this subject that is so new and fresh that is barely in the BOOKS. 

"Descentralização é um trabalho colaborativo e acumulativo. Participe de uma forma ou de outra, se você quiser."

"Decentralization is collaborative and cumulative work. Participate in one way or another, if you want!"

A

Airdrop: (Wikipedia) An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.

Altcoin: (MammyCrypto) All the cryptocurrencies other than Bitcoin. The first cryptocurrency ever launched is Bitcoin, every cryptocurrency launched afterwards is called an altcoin. As of 2020 there are over 5000 altcoins recorded

ATH ALL TIME HIGH: (MammyCrypto) ATH is the abbreviation for All time high used when an asset is sold for the highest price ever recorded. Example: Bitcoin reached its ATH on November 2017  

Atomic Swap: (Mammycrypto) An atomic swap is a smart contract technology that enables peer to peer exchange of one cryptocurrency for another without using centralized intermediaries

B

Bitcoin: (Oxford Dictionary) 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’

Blockchain: (Oxford Dictionary) 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’

C

CE-FI Centralized Finance: (MammyCrypto) Finance as we know it. Any financial activity ran by a centralized institutions. Banking, Loans, Stocks etc are all part of a centralized finance structure 

Cryptocurrency: (Oxford Dictionary) 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.
 
Cryptography: (Oxford Dictionary) The art of writing or solving codes. 

D

De-Fi (Decentralized Finance): 

Decentralization: (Oxford Dictionary) The transfer of control of an activity or organization to several local offices or authorities rather than one single one.
‘efforts to promote decentralization and reform of the national political party’

Decentralized: (Oxford Dictionary) - (of an activity or organization) controlled by several local offices or authorities rather than one single one.

S

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

Stable-coin: (Oxford Dictionary) Any cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.

This list is being built. Come back weekly for more crypto related descriptions. 

All my best,
Michelle M.
www.mammycrypto.com


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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone in the crypto realm to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content.

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