Crypto Terms:
Letter B
What does BUIDL mean?
Meaning:
BUIDL -
community contributions to the entire blockchain ecosystem via active engagement as opposed to passive HODLing.
Let's find out BUIDL meaning, definition in crypto, what does BUIDL mean, and all other detailed facts.
BUIDL defines conscious and active engagement in the crypto space in order to better the platforms and encourage adoption.
The term has been used by the co-founder of Ethereum, Vitalik Buterin, and the founder of Binance, Changpeng Zhao.
BUIDL is derived from the word “build”. It’s similar to the term HODL which is a play on the word “hold”.
Crypto enthusiasts that believe in BUIDLing push towards more than just HODLing. They promote proactive contributions.
It’s important to keep in mind that you don’t have to be knowledgeable in programming to contribute. BUIDLing involves a variety of crypto interactions that are more active than HODLing. For example, you can frequently use your crypto wallet, employ smart contracts when making agreements, or participate in beta testing.
Don’t forget to play to your strengths. If you’re creative, you can write article pieces and post content online. If you’re a social butterfly, you can stream yourself playing blockchain games and interact with the community.
All of these activities help with improving the crypto space while also paving the way for cryptocurrencies to become widely accepted.
going long<\/strong><\/a>” – they wait for the value of the assets they purchased to progressively increase over time.<\/p>\n<p>The opposite of the bulls in the market are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-bear/">bears. Bears hold the belief that the price of an asset will decrease, and thus they adopt the strategy of “<a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-short/">shorting” their assets.<\/p>\n<p>Bull can also refer to the overall market conditions. A <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-bull-market/">bull market<\/strong><\/a> reflects the scenario when the prices of most or all assets are steadily increasing over a longer period of time.<\/p>\n<p>The prices of assets in a market can change positions several times in a single day, moving upwards and downwards. The shifts are caused by the activities of day traders. If the prices are steadily moving upwards for an extended time, the market can be referred to as bullish.<\/p>\n<p>The dynamic in the <strong>crypto market<\/strong> has been leaning towards bullish since its inception in 2009. The price of the first and largest cryptocurrency in the world, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a>, has steadily increased since March 2010, when it was valued at $0.003 per coin. In November 2021, Bitcoin was valued at $61,000 per coin.<\/p>\n<p>There have been price fluctuations throughout the years. However, the overall trend of cryptocurrencies has remained bullish.<\/p>","definition":"a trader who strategizes their investments with the expectation that an asset\u2019s price will increase.","status":"published","meta_title":"What is Bull? Definition & Meaning | Crypto Wiki","meta_description":"Bull meaning: Bull - a trader who strategizes their investments with the expectation that an asset\u2019s price will increase.","meta_keywords":null}"
:prev-section="{"id":136,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Exploit_(computer_security)","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-11-25T10:43:20.000000Z","slug":"what-is-bug-exploit","title":"What is Bug Exploit?","section":"B","keyword":"Bug Exploit","content":"<p>These bug exploits take the shape of programs, chunks of information, or orders to target the system and earn profit.<\/p>\n<p><em>The term originated from the English verb “to exploit”, referring “to use something to one’s own advantage”.<\/em><\/p>\n<p>Fraudsters can use bug exploits to <strong>cause abnormal activity on computer networks<\/strong>, allowing them to gain admission to such networks or launch <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-denial-of-service-dos-attack/">denial-of-service strikes<\/strong><\/a>.<\/p>\n<p>Bugs like these may be used to inflict major losses of cash by causing <strong>massive disruption<\/strong> of services and time-sensitive contracts deployed throughout impacted cryptocurrency marketplaces and trades.<\/p>\n<p>Hence, it’s essential that developers have extensive security for their projects, as well as testing prior to rolling out to their mainnet for public use.<\/p>\n<p>There is some information out there implying that there are still many <strong>masked bugs<\/strong> in blockchain and cryptocurrency platforms, which hackers are trying to unmask. Overall, exploits can be put in one of the two main categories - <strong>known or unknown.<\/strong><\/p>\n<p><strong>Back in 2018, Braydon Fuller found a <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin bug named “INVDos” and it, in fact, could completely crash Bitcoin nodes, as he revealed to the public. <\/strong>Therefore, hackers could be able to develop a distorted Bitcoin transaction that would absorb the network’s memory supplies.<\/p>\n<p>Besides that, a cryptocurrency project named <strong>Pigeoncoin<\/strong> was targeted by hackers at the same time. These hackers took advantage of Bitcoin's inflation issue to create around <strong>$15,000<\/strong> worth of Pigeoncoins.<\/p>\n<p>Following these instances, analysts fear that there may be additional flaws in the Bitcoin network, allowing hackers to inflate the supply of Bitcoin.<\/p>","definition":"is a type of attack that focuses on the system's weak areas.","status":"published","meta_title":"What is Bug Exploit? Definition & Meaning | Crypto Wiki","meta_description":"Bug Exploit meaning: Bug Exploit - is a type of attack that focuses on the system's weak areas.","meta_keywords":null}"
:model="{"id":956,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Blockchain","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2024-01-09T15:22:13.000000Z","slug":"what-does-buidl-mean","title":"What does BUIDL mean?","section":"B","keyword":"BUIDL","content":"<p><strong>BUIDL<\/strong> defines <strong>conscious<\/strong> and <strong>active engagement in the crypto space<\/strong> in order to <strong>better the platforms<\/strong> and <strong>encourage adoption<\/strong>. <\/p>\n<p>The term has been used by the co-founder of Ethereum, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin<\/strong><\/a>, and the founder of Binance, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-changpeng-zhao-cz/">Changpeng Zhao<\/strong><\/a>. <\/p>\n<p>BUIDL is derived from the word “build”. It’s similar to the term <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hodl/">HODL which is a play on the word “hold”.<\/p>\n<p>Crypto enthusiasts that believe in BUIDLing push towards more than just HODLing. They promote proactive contributions.<\/p>\n<p>It’s important to keep in mind that <strong>you don’t have to be knowledgeable in programming to contribute<\/strong>. BUIDLing involves a variety of crypto interactions that are more active than HODLing. For example, you can frequently use your <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">crypto wallet<\/strong><\/a>, employ <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a> when making agreements, or participate in beta testing. <\/p>\n<p>Don’t forget to play to your strengths. If you’re creative, you can write article pieces and post content online. If you’re a social butterfly, you can stream yourself playing blockchain games and interact with the community.<\/p>\n<p>All of these activities help with improving the crypto space while also paving the way for cryptocurrencies to become widely accepted.<\/p>","definition":"community contributions to the entire blockchain ecosystem via active engagement as opposed to passive HODLing.","status":"published","meta_title":"What does BUIDL mean? Definition & Meaning | Crypto Wiki","meta_description":"BUIDL meaning: BUIDL - community contributions to the entire blockchain ecosystem via active engagement as opposed to passive HODLing.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="B"
current-section="what-does-buidl-mean">
