ASIC

ASIC is an acronym that stands for Application-Specific Integrated Circuit and they are specialized chips that can be used in bitcoin mining as they can perform the SHA-256 function.

Altcoin

Altcoin refers to any cryptocurrency that is not bitcoin and is synonymous with shitcoin. It is a derogatory term.

Airdrop

Airdrop is the process of giving new Altcoins to existing bitcoin holders. Its users require the users to enter their private keys into the altcoin client and as it is a dangerous move, the user will need to move all their bitcoin first before claiming their airdrop.

Address

An address is the SHA-256 hash of a public key that has the prefix 1, 3, or bc1. It is necessary to get the recipient’s address if you want to send money to someone and it can be encoded with either base58 or bech32.

51% Attack

Bitcoin miners could come together in a proof of work blockchains and attack the chain. The attacks would not be to steal bitcoins but will allow them to reverse any recent transactions and also block some specific or general transactions. A 51% attack that goes down successfully could cause a…

100x

100x refers to the expected growth in a coin. It also refers to the amount of leverage used in a margin trade and is either a sign of willingness to take risks or of extreme confidence.