Cryptocurrency is not only an asset in the trading market that is driven by passionate investors, but it also embraces the presence of an extremely diverse community. The Crypto community, being young, hopeful, and enthusiastic about the future of blockchain, is well-known for creating meme trends, market fluctuations, ruthless trolling, and their unique jargon. 

Today we are going to explore some of the hidden crypto jargon that you might not have heard before. This jargon will not only introduce you to the different blockchain concepts but will also give you an insight into the mindset of the evergreen and ever-active crypto community. 

So without further ado, let us dive right into knowing the top 10 crypto jargon that you never heard before. 

Top 10 Crypto Jargon

Here is a list of some of the most baffling crypto jargon that might come across in the crypto streets. Beware some of these words are truly strange!

51% Attack

If the first image that comes to your mind by hearing the word ‘Attack’ is offensive then you are more than correct. There have been multiple scenarios in the past where the control of the entire blockchain has been gained by a group of miners. But if blockchain technology is decentralized then, how can anyone or any group of individuals control the entire chain? 

Well, technically they can and this is what 51% attack is all about. If an individual miner or a group of miners controls over 50% of the mining hash rates of the network then they can not only restrict the addition of new blocks on the chain but also can approve false transactions using their validator strength. 

However, ‘51% Attack’ is a brute force attack that is not possible on medium to large-sized blockchain networks. These are observed rarely and on smaller crypto chains that are easier to control. For comparison, for a successful 51% attack on Bitcoin, a group would need to have control of mining hardware worth $8.5 Billion. Thus, all the Bitcoin investors can sleep peacefully as this is not going to happen.

Arbitrage

Imagine buying a coin from one marketplace and finding out that the same value of the same token is trading at a higher price in another market. Selling it right away on the other exchange would be your natural response to make a profit. 

This difference in the market prices for the same commodity is called arbitrage and those traders who use this difference to make profits are called arbitrage traders. Cryptocurrency exchanges are known to have differences in their prices for the same tokens, however, to earn a decent profit on arbitrage trading, the volume of the asset movement must be large enough.

Demurrage

Coming from the shoes of the sea, the word Demur-rage is a word that originated in the dockyards. However, the word ‘Demurrage’ in the blockchain is used for exhibiting the cost of holding a crypto token within your wallet. 

Demurrage is a method that effectively restricts currency hoarding in traditional finance frameworks. Demurrage ensures that a huge quantity of crypto tokens is not withheld by a single entity for longer durations. This promotes a higher circulation of assets in the markets making the trades possible. 

Dolphins

You must have heard a lot about the crypto whales but do you know that we have dolphins too? Well, crypto dolphins are of the same fishery family from which the crypto whales have come. 

Crypto Dolphin is a term used for those crypto-holding entities that are bigger than the retail investors but smaller than the crypto whales. In matrics, 100-500 BTC holders can be categorized as Bitocin Dolphins. The number of crypto dolphins is higher than that of the whales and they are also one of the major forces that drive the market fluctuations. 

Hodler

No, you did not read it wrong. Hodler might look like a misspelled holder or even mean the same but an official Bitcointalk forum has given it a meaning forever.