DYOR (Do Your Own Research) is a call for independent research before making important decisions. In the world of cryptocurrencies, this principle is especially relevant, as the market is constantly changing, and it is important to keep up to date with the latest news and trends. What is DYOR? DYOR is an approach that implies that each investor or trader should independently study information about the project before investing money in it. This may include analyzing data, reviewing feedback

FOMO (Fear of Missing Out) is the fear of missing out on an opportunity to earn or lose money. This is a psychological condition that can lead to rash decisions and losses. In the field of cryptocurrencies, FOMO is especially dangerous, as the market is very volatile and unpredictable. Examples of FOMO in cryptocurrency: Pump and dump. This is a scheme in which a group of people artificially inflates the price of a cryptocurrency, and then quickly sells it at a higher price. Other investors,

Halving is a process in which the reward for mining a cryptocurrency is halved. This happens at certain time intervals, which are pre-set in the algorithm of a particular cryptocurrency. How does halving work? The blockchain is based on the mining process, which consists of solving complex mathematical problems to confirm transactions and add new blocks to the blockchain. For each successfully confirmed block, miners receive a reward in the form of a certain amount of cryptocurrency. When the

Hard fork (from English. a hard fork is a change in the rules of the blockchain that invalidates all transactions made after this change. This can split the network into two separate chains: the old chain and the new chain. To understand how a hard fork works, imagine a road with two directions of traffic. If there is an accident or repair on this road, traffic on it stops, and drivers have to look for alternative routes. In the case of a blockchain, when a hard fork occurs, the old chain

Hardcap is the maximum amount of funds that the project team plans to collect during the ICO (Initial Coin Offering — initial coin offering). This is an important metric for investors, which allows them to assess the potential of a project and its prospects in the real estate market. How does Hardcap work? During the ICO, the project team sets a certain limit on the amount they want to raise. This limit is called hardcap. If the project reaches this limit before the end of the ICO, then the

A mnemonic phrase is a set of words that is used to restore access to a cryptocurrency wallet. It is a kind of password or key that allows you to access funds on the wallet. Mnemonic phrases are used in various blockchains, such as Bitcoin, Ethereum, and others. How does a mnemonic phrase work? When you create a cryptocurrency wallet, you are provided with the mnemonic phrase. This phrase consists of 12 or 24 words that are randomly selected. These words represent a "compressed" form

Memcoins are cryptocurrencies that are based on popular Internet memes. They are often humorous or ironic in nature and may be associated with famous characters or events. They usually have no real value, except for collectors and enthusiasts. How do memcoins work? Like other cryptocurrencies, they use blockchain technology to ensure the security and transparency of transactions. A blockchain is a decentralized database that stores information about all transactions on the network. This also

The Merkle tree is a data structure that is used in the blockchain to verify the integrity of data. It is a tree structure, where each node contains the hash value of its child node. The root node of the tree contains the hash - the value of all data in the block. How does the Merkle tree work on the blockchain? Imagine that we have a block with data about several transactions. We can create a tree where each transaction will be represented as a leaf, and their hashes will be nodes at higher

NGMI is short for "Not Gonna Make It", which means"won't succeed". This term is used in the cryptocurrency community to describe people who have invested in cryptocurrencies, but have not been able to make money from it. They may lose money because of poor risk management or because they don't understand how the market works. Why do people become NGMI? There are several reasons why people become NGMI's: Lack of knowledge and experience. Many people who start

TON (Telegram Open Network) is a blockchain platform created by Pavel Durov and his team to create decentralized applications. It is based on blockchain technology and allows developers to create their own applications based on TON. Key Features of the TON blockchain: Decentralization. TON uses blockchain technology to ensure the security and reliability of the platform. This means that data and applications are not controlled by a single center, but are distributed among network participants.