A BitLicense is a license issued by the New York State Department of Financial Services (the NYSDFS). New York State is the only American state so far that has established a license framework for cryptocurrency exchanges etc. While the ambition initially was to attract cryptocurrency exchanges to the state of New York, the effect has … Continued
FOMO means Fear Of Missing Out. In the cryptocurrency markets, the expression is most often used to describe the feeling that you need to get on the train when the price of something starts to skyrocket.
DYOR is an acronym for “Do Your Own Research” and is possibly the most important dogma in the cryptocurrency world. The meaning is that you should never trust an ICO-project team or anyone else without first verifying any statements made with your own research.
A Hosted Wallet is — unsurprisingly — a wallet that a third party service provider hosts for you.
MEW stands for MyEtherWallet, one of the most popular free online open-source wallets.
A QR Code is a square shaped box including a pattern in white and black. The pattern is readable by machines, smart phones, iPads etc. In the cryptocurrency world, the most common usage of QR-codes are when you want to share a wallet address with someone else.
The Raiden Network is quite similar to the Lightning Network. It is a scaling solution (off-chain) for Ethereum. The purpose of the Raiden Network is to make it possible to have instant, cheap and also scalable payments on the Ethereum blockchain.
When speaking about the «Rank», people normally refer to a certain cryptocurrency’s market capitalisation (in relation to other cryptocurrencies). A cryptocurrency with rank 10 accordingly has the 10th highest market capitalisation of all the cryptocurrencies in the world.
REKT is slang for “wrecked”. When you have been REKT, you have suffered a bad loss in a trade or series of trades.
A Replicated Ledger is simply a copy of a network’s distributed ledger. This copy is then distributed to all of the participants in the relevant cryptocurrency network.