Some users might get confused by all the terminology and abbreviations seen on this forum. I hereby present you a sticky in which terminology and abbreviations are explained.
Please feel free to post new terminology and abbreviations down below. You're also free to ask for certain meanings, even if you think its stupid. Please note: it should be related to this forum and the crypto community of course.
= Alphanumeric code used by Litecoin to send and receive Litecoins. Addresses are public.Blockchain
= the transaction data of Litecoin. Every transaction in Litecoin is recorded in the blockchain. A new transaction has 1 confirmation when it is first included in the blockchain by miners.Cold Storage
= Keeping the private key of the Address where your Litecoins are stored inaccessible to the internet. See also Paper Wallet.Client (Litecoin-Qt)
= The software program used to manage your Litecoin transactions.Found a block
or Solved a block
= Using mining software and hardware to include transactions into the blockchain. The block reward and all transaction fees collected are given to the entity who accomplishes this.HODL
= To hold. Example: "I am HODLING all my coins." The misspelling is intentional much like "pwn" from video games. The origin comes from this BitcoinTalk thread
= A method of storing your Litecoins where the private key of one or more Litecoin addresses is stored physically (such as printed on paper). See also Cold Storage.Private Key
= Alphanumeric code required to sign the transactions of a Litecoin address. You can not send coins from a Litecoin address unless you have it's corresponding private key.
|Kh/s||Kilo hashes a second|
|Mh/s||Mega hashes a second (1000 Kh/s)|
|OP||Original Post / Original Poster|
|WTB||Want To Buy|
|WTS||Wants To Sell|