As an emerging technology, blockchain technology has developed rapidly in just a few years, producing a large number of professional terms and abbreviations. For beginners, understanding these abbreviations is crucial as they are the key to deeply understanding blockchain technology and its applications. This article will provide a comprehensive interpretation of commonly used abbreviations in blockchain technology, striving to cover all fields to help readers better understand and master blockchain knowledge.

　　I. Core Concepts and Abbreviations:

　　BTC: Bitcoin (比特币) – The world’s first decentralized cryptocurrency and the most well-known blockchain application. Its blockchain technology has laid the foundation for the entire industry.

　　ETH: Ethereum (以太坊) – A decentralized platform that allows developers to build and deploy smart contracts and decentralized applications (dApps). It uses a Turing-complete virtual machine, making it far more functional than Bitcoin.

　　BCH: Bitcoin Cash (比特币现金) – A branch of Bitcoin aimed at increasing transaction speeds and reducing transaction fees.

　　LTC: Litecoin (莱特币) – A cryptocurrency similar to Bitcoin but with faster transaction speeds and lower transaction fees.

　　DLT: Distributed Ledger Technology (分布式账本技术) – The underlying technology of blockchain, referring to a shared, distributed database that can be jointly maintained and updated by multiple participants.

　　P2P: Peer-to-Peer (点对点) – The basic architecture of the blockchain network, where participants can directly exchange data with each other without a central server.

　　POW: Proof-of-Work (工作量证明) – A consensus mechanism that verifies transactions and generates new blocks by competing to solve complex computational problems. Bitcoin adopts this mechanism.

　　POS: Proof-of-Stake (权益证明) – Another consensus mechanism where participants verify transactions and generate new blocks based on the number of tokens they hold. Ethereum 2.0 adopts this mechanism.

　　DAG: Directed Acyclic Graph (有向无环图) – A data structure different from blockchain, used as the underlying technology for some cryptocurrencies and distributed ledger technologies.

　　API: Application Programming Interface (应用程序编程接口) – A set of specifications that allows different software systems to interact with each other.

　　II. Abbreviations related to smart contracts and decentralized applications:

　　dApp: Decentralized Application (Decentralized Application) – An application running on a blockchain network, characterized by decentralization, transparency, and security.

　　DAO: Decentralized Autonomous Organization (Decentralized Autonomous Organization) – An organizational form that does not require central control, with rules and operational mechanisms controlled by smart contracts.

　　NFT: Non-Fungible Token (Non-Fungible Token) – A unique, indivisible digital asset that can represent digital art, game props, and more.online casino victory and The latest website

　　DeFi: Decentralized Finance (Decentralized Finance) – A financial system built using blockchain technology, aiming to achieve decentralization and transparency in financial services.

　　DEX: Decentralized Exchange (Decentralized Exchange) – A platform for cryptocurrency trading that does not require a centralized institution.
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　　III. Abbreviations related to security and privacy:

　　KYC: Know Your Customer (Know Your Customer) – Regulatory requirements for financial institutions to identify and verify customer identity.

　　AML: Anti-Money Laundering (Anti-Money Laundering) – Laws, regulations, and measures aimed at preventing money laundering activities.

　　SHA-256: Secure Hash Algorithm 256-bit (Secure Hash Algorithm 256-bit) – A cryptographic hash function used to ensure the integrity and security of data.

　　IV. Other related abbreviations:

　　ICO: Initial Coin Offering (Initial Coin Offering) – A way to raise funds by issuing encrypted currencies.

　　STO: Security Token Offering (Securities Token Offering) – A method of issuing encrypted currencies that comply with securities regulations.

　　Web3: Represents the next generation of the internet, emphasizing decentralization, user ownership of data, and applications based on blockchain technology.

　　Conclusion:

　　The above is only a part of the commonly used abbreviations of blockchain technology. With the continuous development of blockchain technology, new terms and abbreviations will emerge continuously. Understanding these abbreviations is crucial for a deeper understanding of blockchain technology. It is hoped that this article can help readers better understand blockchain technology and provide a reference for further study. It is recommended that readers combine practical cases and code for practice during the learning process to deepen their understanding and mastery.

　　2025-03-01

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