Cryptionary Alphabet: Letter F

FOMO is an acronym that stands for “fear of missing out.” Crypto traders use this term to describe the fear of missing an investment.

FUD is an acronym for “Fear, Uncertainty, and Doubt.” It refers to how people feel when they read or hear ‘bad’ things about cryptocurrency.

A crypto fork is a change to a blockchain’s basic set of rules or protocols. These changes can be an attempt to fix bugs, reverse hacks, etc.

Fiat currency is government-issued money that’s not backed by a valuable commodity like silver or gold.