ledger

A book of financial transactions.

Businesses keep great records in their ledger so they can always tell where their money is coming from and going to.

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DeFi

Decentralized Finance. Typically refers to apps connected to distributed ledger smart contracts such as with Ethereum and EOS, however, some refer to Bitcoin.

This DeFi trading app uses Metamask.

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dumb money

Not understanding an asset a person is buying, or a market someone is engaging in. Not caring to learn about an asset someone is buying.

Buying an asset at the peak before a bear market. The act of buying high and selling low.

Effectively, it’s dumb money moving in.

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tx

Short for transaction.

I tried buying some jpegs, but the tx failed.

future of france

Also known as the future of finance. Which refers to DeFi. Which refers to Ethereum.

I'm investing in the future of france.

FDV

Fully diluted valuation.

This is the price of an asset multiplied by the total supply. Instead of the market cap where the price is multiplied by the circulating supply.

FIL may have a market cap of $11 billion but has an FDV of $320 billion.

EOS

A cryptocurrency created by Block One which supports smart contacts much like Ethereum. EOS uses delegated proof of stake to confirm transactions, which leads to confirmed speeds of at least 1000 transactions per secund, as opposed to Ethereum's 15 transactions per secund. The developers of Block One claim EOS, as a cryptocurrency, is not an acronym.

- I bought EOS at its peak! Oh no!
- That's right. Buy high, sell low.

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