PFP
By CoinGecko | Updated on Jul 15, 2022
PFP is an acronym in texting and social media. It means both 'profile pic' and 'picture for proof'.
Related Terms
Mining
It is the process of the miners verify and adding transaction recors into a block.
Fully Diluted Valuation
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
ASIC Resistant
A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.
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