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Fork

Fork happens when a cryptocurrency or blockchain-based network splits off into two separate projects with their own code and set of governing rules. There is a “soft” fork, only one blockchain will remain working, and a “hard” fork results in two new brand chains being operational. Bitcoin Classic is a hard fork of Bitcoin, so both cryptocurrencies run on divided blockchains, with their own miners, nodes, and network participants.

Related Words

FOMO

An acronym for “fear of missing out”, describes people, especially newbies, rushing into buying definite crypto only because they see many others are doing so, without doing due diligence.

Fiat money

Fiat money is a term for describing any currency controlled by a central authority, like the U.S. dollar, Euro, or Pound. Bitcoin or Ether, on the contrary, in its decentralized design, is in opposition to traditional fiat currencies.

Flippening

Flippening happens when you buy crypto at low prices and quickly sell it to gain a profit. Flipping is especially popular in the NFT space, where people buy and sell NFTs to make a swift profit during the early stages of the projects.

FUD

FUD is a shortened form of “fear, uncertainty, and doubt”. It appears when the price of a coin or NFT project drops, or when some negative news or gossip about the project suddenly turns up. People tend to panic and sell their assets when there is FUD, logically, they make the worst investment decisions when they experience FUD.