Shitcoin
By CoinGecko | Updated on Mar 03, 2020
A term used to describe coins that have no actual usage or value. Also used as an insult at times to put down certain cryptocurrencies.
Related Terms
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
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