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Thread: Terminologies related to Cryptocurrency

 
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    Senior Member iyuanobi's Avatar
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    Default Terminologies related to Cryptocurrency

    With the boom of the cryptocurrency investments in the market, nowadays we are encountering more terms about cryptocurrency and many other new terms and concepts that challenge the traditional market.
    Now, I have some doubts about these terms, since they are new words invented (I guess) recently, how should we translate them? Should we just keep them in the original language?
    For example:
    Bitcoin
    Token
    Altcoin
    Dust value
    Antshares
    Blockchain
    Mining
    etc.

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    Default Re: Terminologies related to Cryptocurrency

    I believe there are terms like "dust value" or "mining" that will find target language alternatives. However, proper names like Bitcoin, Ethereum, Ripple will most probable remain in their source language. That said despite historic currencies have overtime found ways to get translated. The future will tell!

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    Moderator reminder's Avatar
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    Default Re: Terminologies related to Cryptocurrency

    Imagino que la traducción de estos términos específicos va a recorrer un camino similar al de las traducciones ya acuñadas de los términos "software" y "hardware".

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    Default Re: Terminologies related to Cryptocurrency

    I see. Yes, what will probably be the case. For example, the word "Token" is one of the hardest words due to its complex meaning.

    In cryptocurrency:

    1. The term token is used in a very general sense to describe any digital asset (where Bitcoin is a token and Ether is a token).
    2. The term token is used to describe a unit of value (I have X Bitcoin tokens). Here it refers to the fact that cryptocurrencies, like the U.S. dollar, are value tokens/currency tokens / token money (they represent value, but aren’t themselves of any inherent value)
    3. The term token refers to the fact that the creation, transfer, and storage of cryptocurrencies use strings of data called tokens (tokenization is a type of encryption). In this sense, tokens are created and sent through the internet when transactions are created and exist as entries on a given coin’s blockchain/ledger.
    4. Meanwhile, sometimes when people say “token” they are specifically referring to digital assets that are built on another cryptocurrency’s platform like Ethereum’s ERC-20 tokens.

    So I think it is really hard to find a specific translation for it.

    Source: What is a Cryptocurrency Token?

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    Default Re: Terminologies related to Cryptocurrency

    Here's a small contribution in order to understand this cryptocurrency world further:

    What is 'Bitcoin Mining'
    Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

    https://www.investopedia.com/terms/b/bitcoin-mining.asp

    The term in Spanish to refer to to mining is "minar".

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    Default Re: Terminologies related to Cryptocurrency

    Thank you Agustina. I had some understanding issue before on that particular term.
    Now I see that it has nothing to do with the real "mining" LOL.

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    Default Re: Terminologies related to Cryptocurrency

    Hola a todos.

    Ya hay varios glosarios, pero veo que explican el término en inglés y no aportan una traducción más que la literal.

    Les dejo un enlace interesante con el término en inglés y su explicación en español:

    Glosario de criptomonedas

    Este glosario tiene también entradas en español:

    Guía de criptomonedas

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    Default Re: Terminologies related to Cryptocurrency

    Quote Originally Posted by reminder View Post

    Les dejo un enlace interesante con el término en inglés y su explicación en español:

    Glosario de criptomonedas
    ¡Muy interesantes, reminder!

    Este término en particular me llamó mucho la atención, ya que lo había escuchado en otro contexto completamente diferente:

    "FOMO (Fear Of Missing Out)– Miedo a perder una oportunidad o a quedarse al margen de una tendencia. Normalmente ceder a este miedo implica perder dinero, ya que significa subirse al carro demasiado tarde como para ver beneficios. Se puede dar al ver una tendencia alcista o subida repentina y no disponer de esa moneda, por lo que el usuario compra por miedo a quedarse al margen de esas ganancias."

    Las veces que me crucé con este término, se lo había relacionado más con el ámbito social y el miedo a quedar excluido por no participar de todas las actividades que un grupo ofrecía, ya fuera por falta de tiempo, dinero o por encontrarse en situaciones diferentes.

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    Senior Member iyuanobi's Avatar
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    Default Re: Terminologies related to Cryptocurrency

    Quote Originally Posted by reminder View Post
    Hola a todos.

    Ya hay varios glosarios, pero veo que explican el término en inglés y no aportan una traducción más que la literal.

    Les dejo un enlace interesante con el término en inglés y su explicación en español:

    Glosario de criptomonedas

    Este glosario tiene también entradas en español:

    Guía de criptomonedas
    Gracias Reminder! Esto es muy util!

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    Default Re: Terminologies related to Cryptocurrency

    ¡Gracias por interesarse en leer las entradas de los glosarios sugeridos! Noto que la terminología es muy "llana", hasta les diría "campestre" por la cantidad de términos relacionados con animales. ¡Qué curioso!

    Bear (oso): Relacionado a una tendencia, que es favorable a vender.

    Bearish: Movimiento negativo del precio.

    Bull (toro): Relacionado a una tendencia, que es favorable a comprar.

    Whale: Popularmente se le dice a la persona/usuario que posee una gran cantidad de una misma moneda. Suelen tener gran influencia en el valor de la moneda cuando deciden vender o mover sus monedas.

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