The crypto world is not easy for beginners to navigate. The moment one decides to dive into the world of cryptocurrencies, they are often bombarded with terms and abbreviations that are both unrecognisable and difficult to understand out of context.

It is advisable to create a lexicon or a glossary/vocabulary list that can help you navigate through blogs, chats, articles, and social media posts. If you don’t know where to start, don’t worry, we’ve got you covered. In a previous blog we featured crypto terms you should know, today we cover 15 crypto abbreviations that are important for every crypto beginner.

  • DAG and DLT - The DAG or Directed Acyclic Graph is an alternative to the better-known blockchain. It is also a type of Distributed Ledger Technology (DLT). DAG structures are considered faster and more scalable alternatives to blockchains.
  • ATH - All Time High. This is in reference to the highest market value of a cryptocurrency.
  • ATL - All Time Low. This refers to the lowest market value of a cryptocurrency.
  • FUD - Fear, Uncertainty, Doubt. It is a tactic used to sway public opinion about certain cryptocurrencies or the cryptocurrency market in general by disseminating unfactual, inaccurate, or biased information.
  • HODL - Hold On for Dear Life. This refers to purchasing and holding cryptocurrencies like Bitcoin and other cryptocurrencies.
  • BTD - Buy the Dip. It means that the optimum moment to purchase more coins is whenever the price of your preferred coin declines.
  • CBDC - Central bank digital currencies (CBDCs) are digital forms of fiat currencies that are issued by central banks.
  • DApps - Decentralized Applications. They are enabled by Blockchain platforms that support smart contracts.
  • DeFi - Decentralized Finance.
  • PoS and PoW - Proof-of-Stake (PoS) mechanisms have been developed over recent years to mitigate the perceived problems and limitations associated with Proof-of-Work (PoW) — in particular, the resource-intensive nature of crypto mining at scale.
  • DYOR - Do Your Own Research
  • FOMO - Fear of Missing Out. This term is used in reference to the feeling of anxiety associated with a delay in making trading decisions.
  • ICO - Initial Coin Offering. It is widely regarded as the crypto world’s version of initial public offering (IPOs) — and they were particularly popular during the 2017 crypto bubble.
  • NFT - Non Fungible Token
  • TX - Transaction. The act of exchanging cryptocurrencies on the blockchain

Dagcoin is changing the cryptocurrency field into something more open and freely accessible to all, meaning less fuss about abbreviations as well.

If you want to find out more, check out how to get dagcoins.