The ultimate glossary of cryptocurrency and blockchain acronyms – The Next Web

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world.

Blockchain and cryptocurrency can be a daunting place sometimes and the swathes of jargon, specialist terminology, and acronyms don’t really help matters. Sometimes it feels like complex terms are used just to confuse people. But don’t worry, Hard Fork has got your back.

Below you’ll find a list of industry acronyms and what they stand for. We’re steadily building up explainers of all these terms too, so in some cases there might be a deeper dive on what the terms mean. Be sure to check back, as we’ll be adding to this list as new terms are invented.

General blockchain terms

PoW – Proof of Work

PoS – Proof of Stake

DPoS – Delegated Proof of Stake

PoA – Proof of Authority

BFT – Byzantine Fault Tolerance

DAG – Directed Acyclic Graph

SC – Smart Contract

EVM – Ethereum Virtual Machine

ERC – Ethereum Request for Comments, it’s the preceding acronym for Ethereum based tokens like the ERC20 standard.

DAO – Decentralized Autonomous Organization

DAPP – Decentralized Application

SegWit – Segregated Witness

LN – Lightning Network

SoV – Store of value

MoE – Medium of Exchange

UoA – Unit of Account

Hardware

CPU – Central Processing
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