A Few Commonly Used Acronyms On The Steem Blockchain
I know that this is going to be deemed a "low effort" post but I thought that some folks might find it helpful. Especially since so many folks use acronyms in their posts and assume that the reader knows what it means without including the actual meaning along with the acronym.
All that said please feel free to reward this post with an equally low effort click...or not.
I am only including the acronyms themselves, the literal translation and links for further reading where the reader can learn more about the individual acronyms.
As a side note: Many of these acronyms are not specific to the Steem blockchain.
Commonly Used Acronyms On:
The Steem Blockchain.
Acronyms:
DAO
- Decentralized Autonomous Organization
- https://en.bitcoinwiki.org/wiki/The_DAO
DAPP
- Decentralized Application
- https://en.bitcoinwiki.org/wiki/Decentralized_application
DPOS
- Delegated Proof Of Stake
- https://en.bitcoinwiki.org/wiki/DPoS
EIP
- Economic Improvement Proposal
- https://steemit.com/steem/@trafalgar/eip-faq
FUD
- Fear Uncertainty Doubt
- https://en.wikipedia.org/wiki/Fear,_uncertainty,_and_doubt
KYC
- Know Your Customer
- https://en.wikipedia.org/wiki/Know_your_customer
NFT
- Non-Fungible Token
- https://en.wikipedia.org/wiki/Non-fungible_token
POB
POS
- Proof Of Stake
- https://en.wikipedia.org/wiki/Proof_of_stake
POW
- Proof Of Work
- https://en.bitcoinwiki.org/wiki/Proof-of-work
SMT
- Smart Media Token
- https://smt.steem.com/
TL;DR
- Too Long Didn't Read
- https://en.wikipedia.org/wiki/Wikipedia:Too_long;_didn%27t_read
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