Decryptopedia™

Terms that start with “F”

1. F*ck You Money

   Slang for the amount of money you need to never have to work another day in your life for the man.

2. Fat Finger

   Fat Finger or fat fingering a transaction refers to inadvertently using the wrong transaction details when buying, selling, or transferring cryptocurrency. Examples of fat fingering come in many shapes and forms, including …

3. Fear Of Missing Out (FOMO)

   an acronym for “Fear Of Missing Out”, describing an overwhelming emotion of anxiety felt by crypto investors and traders when they expect a digital asset’s value to increase.

4. Fear Uncertainty Doubt (FUD)

   An acronym for Fear, Uncertainly, Doubt. It’s pronounced like the world “mud”. FUD is a label given to negative news, market analysis, and opinions about anything related to cryptocurrencies.

5. Fiat Currency

   Money as you know it, as you’re used to using in everyday life, when you hear the term “money”. Examples include the U.S. dollar, the euro, the British pound, the Japanese Yen or the Chinese Yuan. Any currency backed by a government and issued by its central bank is considered legal tender and fiat.

6. Financial Crimes Enforcement Network (FinCEN)

   Financial Crimes Enforcement Network (FinCEN) is a bureau within the U.S. Department of the Treasury. FinCEN’s role in is to safeguard the financial system from money laundering and other financial crimes.

7. Fintech

   Short-hand for financial technology. It describes technology innovations, developments, and advances taking place in the financial services sector. Fintech isn’t only about cryptocurrencies and Bitcoin. 

8. Flippening

   Te point in time when Bitcoin (BTC) loses its throne atop the cryptocurrency mountain of market capitalization and hands the reins to Ethereum (ETH). Nobody knows when this will happen or if it will ever happen.

9. Fork

   When developers make changes to a blockchain, such as adding new blockchain functionality,  correcting security issues, creating entirely new coins, or even changing the consensus protocol that governs how blocks are created and validated on a blockchain.

10. FTX

    FTX is a centralized cryptocurrency exchange (CEX) headquartered in The Bahamas and founded by Sam Bankman-Fried and Gary Wang in 2019. On November 11th, 2022, FTX filed for Chapter 11 bankruptcy and appointed a new CEO, Jon Ray. Sam Bankman-Fried stepped down as CEO amid accusations of mishandling $10 billion in FTX customer funds by transferring them from the exchange to his hedge fund, Alameda Research, to help fund floundering operations.

11. Full Node

    A type of node that participates in a blockchain network, performing some function for the network, like securing the network or validating transaction data. A full node stores a complete copy of the blockchain data.  Information about every block and the recorded transactions within each block is available in the full copy of the blockchain.