REKT
By CoinGecko | Updated on Mar 03, 2020
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
Outside of the crypto trading world, rekt is essentially the slang used to describe a bad situation.
Related Terms
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
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