#W3TF

"NGMI"

Short for “not gonna make it.” This is used to imply that a certain project or asset has a low chance of becoming valuable. This can also be directed at an individual, usually someone who had made a poor trade or investment.

“Everyone who sold their ETH during that dip ngmi.”

L2- Layer 2 (noun)

Protocols, also referred to as solutions, built on top of a layer 1 blockchain and commonly used to improve scalability, privacy, and add cross-chain communication. Unlike sidechains, which use their own consensus mechanisms, layer 2 solutions are secured by their underlying mainchain.

i.e. Lightning Network, Optimism, Arbitrum 

Gas (noun)

A fee paid by a user to conduct a transaction or execute a smart contract on the Ethereum blockchain. This fee is dependent upon the transaction’s complexity as well as the current demand on the network.

See also: gwei

Airdrop

A marketing technique in which crypto projects send their native tokens directly to the wallets of their users in an effort to increase awareness and adoption.

Ape

Someone who invests heavily into a cryptocurrency or stock, or the act of doing so. Ape's love risk on assets and buy the dip in every opportunity.

Blockchain

Publicly-accessible digital ledger to store and transfer information without the need for a central authority. Blockchains are the core technology on which cryptocurrency protocols like Bitcoin and Ethereum are built.

Bridge

Bridge protocols allow separate blockchains to interact with one another, enabling the transfer of data, tokens, and other information between systems.

Cold Wallet

Cold wallet is an offline device to store cryptocurrencies. Cold wallets can be hardware devices such as Trezor or Ledger NaNo x.

DAO

Aka Decentralized Autonomous Organization is based on open-source code and governed by its users. DAOs typically focus on a specific project or mission and trade the traditional hierarchical systems of legacy corporations for guidelines written on the blockchain.

DeFi

Aka Decentralized Finance represents borderless, trustless, peer-to-peer financial tools which built on public blockchains without the use of banks.

DEX

A peer-to-peer cryptocurrency exchange built on the blockchain. A DEX is run by its users and smart contracts instead of an intermediary figure or centralized institution. i.e. Uniswap, Balancer, Sushiswap