IRS
The abbreviation for the Internal Revenue Service, a U.S. tax collection body, which often requires information from cryptocurrency exchanges for varying reasons.
HODL
Initially popularized by an inebriated Bitcoin enthusiast advocating for purchasing but not selling Bitcoin, “HODL” has evolved into an intentional misspelling of “hold”. This term is now a meme among cryptocurrency supporters who foresee significant future potential in a given cryptocurrency and therefore have no immediate plans to sell.
Hash Rate
The quantity of hashes computed by a miner within a specified duration.
Hash
The resultant output generated by an algorithm used to uphold consensus within a blockchain.
Hashing Power
The processing capacity of a mining setup, conceptually akin to the Horse Power of a vehicle.
Hashgraph
Hashgraph presents an alternative consensus model to blockchain, utilizing a gossip protocol to disseminate transactions across the network by transmitting data to randomly selected neighbors.
Hardware Wallet
A tangible device designed to secure private keys.
Hodler
An individual who chooses to retain their coins rather than selling them. “HODL,” initially a typo, has since been humorously reinterpreted as an acronym for “Hold On for Dear Life.”
Halving
The procedure of periodically reducing the block reward given to cryptocurrency miners by half.
Hedging
The strategy of safeguarding an asset from potential risks. A hedge can serve to shield against losses or counterbalance gains.