Author: Editorial Office CVJ.CH

A hardfork is a permanent deviation from the previous version of the blockchain. Nodes that run on earlier versions will no longer be accepted by the latest version.

The term “hardcap” refers to the maximum amount that can be raised in a fundraising campaign or initial coin offering (ICO).

The Bitcoin block reward is halved every 210,000 blocks, or roughly every 4 years, resulting in a lower inflation rate with each cycle.

A Genesis block is the first block of a blockchain. The accounts of the first owners of a coin are also called Genesis accounts.

Fungibility describes goods that are quantifiable (e.g. by measure, number or weight), making them interchangeable within a given group.

A fullnode is a node that has downloaded and checks the whole blockchain for its integrity.

In the case of a fork, a new version splits off from the existing blockchain in order to function as its own network from then on.

FOMO is an acronym for fear of missing out. In the cryptocurrency market it refers to missing out on returns that other may be enjoying.

A flash crash is a very sharp drop in price that only lasts for a few minutes and then returns to the previous price level.

A first-mover-advantage is an advantage that a business can have by becoming the first significant player to enter a new market.

Washtrading, i.e. the artificial inflation of trading volumes, is a popular marketing tool of some exchanges in the crypto-market.

Finney is a denomination of Ether and a popular measurement unit of ETH Gas fees. 1 ETH equal 1,000 Finney.

A fiat ramp is a gateway that allows fiat transfer from a traditional bank account, which can then be used to purchase crypto assets.

Fiat money and its currencies are government-created money, such as the euro, dollar or yen.

A fee is a small number of coins that you have to pay when triggering an action on the blockchain. Miners earn the fees in addition to the block reward.

A crypto faucet is a platform that rewards users with cryptocurrency for completing simple tasks, rewards are sent directly to user’s wallets.