Bitcoin for Beginners

MAJOR
CRYPTOCURRENCY
ABBREVIATIONS
SATS – Satoshis (the smallest denomination
of a Bitcoin: 0.00000001 BTC) - A satoshi is
the smallest unit of a bitcoin, equivalent to
100 millionth of a bitcoin. Bitcoins can be split
into smaller units to ease and facilitate
smaller transactions. The satoshi was named
after the founder, or founders, of bitcoin,
known as Satoshi Nakamoto.
STO – Securities Token Offering - A security
token offering (STO) / tokenized IPO is a type
of public offering in which tokenized digital
securities, known as security tokens, are sold
in cryptocurrency exchanges, or security
token exchanges.
TPS – Transactions Per Second - In a more
restricted view, the term is usually used by
DBMS vendor and user community to refer to
the number of database transactions
performed per second. Recently, the term has
been used to describe the transaction rate of
a cryptocurrency, such as the distributed
network running the Bitcoin blockchain.
Tx – Transaction - An transaction is a transfer
of Bitcoin value that is broadcast to the
network and collected into blocks. A
transaction typically references previous
transaction outputs as new transaction inputs
and dedicates all input Bitcoin values to new
outputs.
TxID – Transaction Identification - Every
Bitcoin transaction comes with its own
transaction ID (TXID), a string of letters and
numbers that makes it unique. The
Bitcoin.com wallet conveniently provides the
TXID for you, as do some other wallets and
exchanges.
uBTC - MicroBitcoin (0.000001 BTC) -
Microbitcoin, also known as the abbreviation
uBTC, is one millionth of a bitcoin or 0.000001
of a bitcoin.
UXTO - Unspent Transaction - In
cryptocurrencies, an unspent transaction
output (UTXO) is an abstraction of electronic
money. Each UTXO represents a chain of
ownership implemented as a chain of Digital
Signatures where the owner signs a message
(transaction) transferring ownership of their
UTXO to the receiver's Public Key.
Conversational
Cryptocurrency
Abbreviations
BUIDL – “Build” (purposeful misspelling for
ironic meaning) - BUIDL is a warping of the
word “build” in the same fashion as “HODL.”
BUIDL is a call to arms for building and
contributing to the blockchain and
cryptocurrency ecosystem, instead of
passively holding.
FOMO – Fear of Missing Out - In
cryptocurrency, FOMO is often used to
describe the tendency of investors to panic
and begin buying coins or tokens when they
see that the price is going up. Many of them
quickly learn that this is a mistake.
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