Crypto Terms:
Letter F
What is FCFS?
Meaning:
FCFS -
an acronym for First-Come, First-Served, which is a scheduling algorithm that prioritizes the process or request that comes first.
Let's find out FCFS meaning, definition in crypto, what is FCFS, and all other detailed facts.
First-Come, First-Served (FCFS) is a scheduling algorithm that is used by various operating systems. It's the most basic type of scheduling that resembles real-life customer service, where those who come first, get served first, no matter how big or intricate their requests are (just like when you go to a grocery store). It is one of the most effective and autonomous scheduling algorithms since it doesn't waste time prioritising tasks and requests based on their urgency or complexity.
Do note that it also might be reffered to as First-In, First-Out (FIFO) or First-Come, First-Choice (FCFC).
Now, even though the algorithm is mostly used in the field of computing, it's also used in the crypto world. To be more precise, FCFS algorithm is often utilized with NFT drops. Thus, when a new NFT collection is launched, you have to act quickly if you want to put your hands on these NFTs.
But why would traders want to compete? Well, mostly because NFT collections have a limited amount of assets, each of which are unique. So, if you want to get that specific NFT, you'll have to be fast or else you might never get a chance to get it.
The use of the FCFS algorithm in NFT drops often leads to gas wars, which happen when traders start increasing their gas fees in order to push their transactions to be confirmed faster.
The Fear & Greed index<\/strong><\/a> essentially indicates how two human emotions – fear and greed – influence the crypto market dynamics. It goes from 0 to 100, where <strong>0 represents \"extreme fear\" while 100 represents \"extreme greed.\"<\/strong><\/p>\n<p>The original Fear and Greed index was created for the stock market by <strong>CNN Money<\/strong>. It was created to determine whether certain markets or commodities were trading above or below their alleged values out of greed or fear, respectively.<\/p>\n<p>The factors used to determine the Fear and Greed index in the stock market include stock price momentum, stock price strength, trading volumes, put and call options, junk bond demand, volatility, and safe haven demand.<\/p>\n<p>As for the Fear & Greed index in the crypto market, rather than relying on technical factors like most indicators do, it relies on psychology. Thus, the Fear and Greed index might indicate a fearful market even when the crypto market itself is relatively good based on its technical aspects. Besides, note that <strong>the Fear & Greed index does not reflect the prices of crypto assets<\/strong>.<\/p>\n<p>There is a variety of indexes created for <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, and other big assets. So, if you're wondering <strong>what is Bitcoin Fear and Greed index<\/strong>, it is an index created to specifically measure the sentiment towards Bitcoin in the crypto market. Though, it's important to note that Fear and Greed indexes created based on Bitcoin (or other major crypto assets, for that matter) can also be used to indicate the sentiment of the whole crypto market.<\/p>\n<p>Talking about factors that are used to calculate crypto Fear and Greed indexes, they might differ based on the index itself. <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//fear-and-greed-index/">The BitDegree crypto fear and greed index<\/strong><\/a>, for example, takes into consideration such aspects as market momentum \/ volume, volatility, trends, Bitcoin dominance, and different social signals. Most other crypto Fear and Greed indexes use the same indicators.<\/p>\n<h2>How to Use the Fear and Greed Index?<\/h2>\n<p>To understand how to use the Fear and Greed index, it's important to understand what fear and greed symbolize in the crypto market.<\/p>\n<p>The \"fear\" part of the index goes from 0 to 50. When there is fear, traders rapidly sell off their crypto assets. Besides that, they become less sensitive to price drops. <strong>Thus, fearful markets are frequently viewed as a good buying opportunity<\/strong>.<\/p>\n<p>The \"greed\" part of the index goes from 50 to 100. Greedy markets indicate that traders are overconfident in the price of an asset and are purchasing in large quantities. <strong>Therefore, markets that are overly greedy are typically seen as a good opportunity to sell<\/strong>.<\/p>\n<p>So, the essence of using the Fear and Greed index is making decisions that are the opposite of the market sentiment.<\/p>\n<p>Besides, it's useful to put the Fear and Greed index next to a price chart of an asset in question. <strong>It helps to predict upcoming price reversals<\/strong>. A price reversal almost always occurs right before the market sentiment reaches high fear, whereas a price crash almost always occurs right before the market sentiment reaches high greed.<\/p>\n<p>However, always make sure to approach the Fear and Greed index, or other types of indicators, with caution. Also, it's beneficial to use more than one indicator before making any important decisions.<\/p>","definition":"an index measuring the sentiment of the crypto market based on market trends and social signals.","status":"published","meta_title":"What is Fear and Greed Index? Definition & Meaning | Crypto Wiki","meta_description":"Fear and Greed Index meaning: Fear and Greed Index - an index measuring the sentiment of the crypto market based on market trends and social signals.","meta_keywords":null}"
:prev-section="{"id":340,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/History_of_bitcoin#Bitcoin_faucets","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-05T03:21:54.000000Z","slug":"what-is-faucet","title":"What is Faucet?","section":"F","keyword":"Faucet","content":"<p><strong>Faucet is a cryptocurrency reward system<\/strong> based on an application or website, that gives away rewards for users and cryptocurrency holders that manage to complete particular assignments such as viewing ads or finishing captcha tasks.<\/p>\n<p>For instance, <strong>Bitcoin Aliens is a faucet that was created in 2014<\/strong>. This faucet lets users gain a particular quantity of major cryptocurrencies like Ethereum, Bitcoin, Litecoin, or Bitcoin Cash directly from their phones as a reward for playing games.<\/p>\n<p>It is seen as an easy way to gain crypto assets without the need for any knowledge, as opposed to cryptocurrency trading. Besides, the reward system was developed to encourage people to buy cryptocurrencies and altcoins, which are an alternative to Bitcoin.<\/p>\n<p>Besides, <strong>Bitcoin faucets are one of the most utilized and popular forms of faucets<\/strong>. It was first created in 2010, by Gavin Andersen, and in the early phases, Bitcoin faucets were valued at about 5 BTC.<\/p>\n<p>Moreover, the faucet was rewarded in the form of a satoshi (a hundredth of a millionth of a Bitcoin). It was named after Satoshi Nakamoto, the inventor of Bitcoin.<\/p>\n<p>However, <strong>faucets must not be confused with airdrops and bounties<\/strong>, which are two different methods of obtaining cryptocurrency prizes. As a result, airdrops are typically issued by cryptocurrency start-ups and provide a one-time payment for assisting a company with community growth.<\/p>\n<p>The bulk of faucet rewards is paid straight to a user's wallet or third-party wallet. However, in order to qualify for the little amount of bitcoin, users usually need to complete a captcha.<\/p>\n<p> <\/p>","definition":"a cryptocurrency reward system based on an application or website that distributes prizes to users and cryptocurrency holders who successfully perform specific tasks.","status":"published","meta_title":"What is Faucet? Definition & Meaning | Crypto Wiki","meta_description":"Faucet meaning: Faucet - a cryptocurrency reward system based on an application or website that distributes prizes to users and cryptocurrency holders who successfully perform specific tasks.","meta_keywords":null}"
:model="{"id":9201,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Queueing_theory#Service_disciplines","level":"easy","author_id":4,"created_at":"2023-07-20T09:03:28.000000Z","updated_at":"2023-11-27T20:44:46.000000Z","slug":"what-is-fcfs","title":"What is FCFS?","section":"F","keyword":"FCFS","content":"<p>First-Come, First-Served (FCFS) is a <strong>scheduling algorithm<\/strong> that is used by various operating systems. It's the most basic type of scheduling that resembles real-life customer service, where <strong>those who come first, get served first, no matter how big or intricate their requests are<\/strong> (just like when you go to a grocery store). It is one of the most effective and autonomous scheduling algorithms since it doesn't waste time prioritising tasks and requests based on their urgency or complexity.<\/p>\n<p>Do note that it also might be reffered to as <strong>First-In, First-Out (FIFO) or First-Come, First-Choice (FCFC)<\/strong>.<\/p>\n<p>Now, even though the algorithm is mostly used in the field of computing, it's also used in the crypto world. To be more precise, <strong>FCFS algorithm is often utilized with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFT drops<\/strong>. Thus, when a new NFT collection is launched, you have to act quickly if you want to put your hands on these NFTs.<\/p>\n<p>But why would traders want to compete? Well, mostly because NFT collections have a <strong>limited amount of assets<\/strong>, each of which are unique. So, if you want to get that specific NFT, you'll have to be fast or else you might never get a chance to get it.<\/p>\n<p>The use of the FCFS algorithm in NFT drops<strong> often leads to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-gas-war/">gas wars<\/a><\/strong>, which happen when traders start increasing their <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-gas/">gas fees<\/strong><\/a> in order to push their transactions to be confirmed faster.<\/p>","definition":"an acronym for First-Come, First-Served, which is a scheduling algorithm that prioritizes the process or request that comes first.","status":"published","meta_title":"What is FCFS? Definition & Meaning | Crypto Wiki","meta_description":"FCFS meaning: FCFS - an acronym for First-Come, First-Served, which is a scheduling algorithm that prioritizes the process or request that comes first.","meta_keywords":null,"author":{"id":4,"user_id":5,"created_at":"2023-05-10T11:56:23.000000Z","updated_at":"2023-05-11T07:19:57.000000Z","title":"Lead Crypto Researcher","slug":"ain-n-lead-crypto-researcher","description":"<p>Ain is the Lead Crypto Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.<\/p>\n<p>With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.<\/p>\n<p>Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.<\/p>\n<p>Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.<\/p>","user":{"id":5,"first_name":"Ain","last_name":"N.","email":"ain@bitdegree.org","email_sanitized":"ain@bitdegree.org","email_verified_at":null,"must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2642,"referral_token":"qjnrnAiacl3sNs9U","referred_by":null,"created_at":"2023-05-04T10:07:43.000000Z","updated_at":"2023-12-11T09:14:14.000000Z","full_name":"Ain N."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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(NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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current-chapter="F"
current-section="what-is-fcfs">
