Cryptocurrency Glossary

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Alt coins

Any coin that is not bitcoin is an alt coin, and this includes tokens on the Ethereum network. There is some debate about what you become after you fork out from the original, so we have some clones like ETH and ETC, BTC and BCH which were made out of the same blockchain. These are called contientous forks. Basically, in those cases, the development of the forked coin continues in its own direction. Imagine the trunk of a tree. It is one unit towards one point until it branches out and the branches each grow in its own direction. Some branches become part of the treetop, some wither and die.

Airdrop

An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.

ADDY

Refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please” (so I can send you money).

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