What does 'est mean' in the context of cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  The term 'est' in the context of cryptocurrency stands for 'estimated'. It is often used to indicate an approximate value or calculation. For example, you might see 'est. transaction fee' or 'est. mining reward' when referring to estimated costs or rewards in cryptocurrency transactions or mining activities. It helps users to have a rough idea of what to expect, although the actual values may vary in practice.
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• Dec 17, 2021 · 3 years ago
  Ah, 'est' in the world of cryptocurrency is short for 'established'. It is commonly used to refer to well-established cryptocurrencies that have been around for a significant period of time and have gained a solid reputation and user base. These 'est' cryptocurrencies are often considered more stable and reliable compared to newer or less established ones. Examples of 'est' cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
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• Dec 17, 2021 · 3 years ago
  When it comes to cryptocurrency, 'est' is an abbreviation for 'exchange-specific token'. It refers to tokens that are native to a specific cryptocurrency exchange platform. These tokens are often used for various purposes within the exchange ecosystem, such as paying for transaction fees, accessing premium features, or participating in token sales. Each exchange may have its own 'est' token, and they can have different names, such as BNB (Binance Coin) for Binance or BYD (BYDFi Token) for BYDFi. These tokens can sometimes offer additional benefits or discounts to users who hold them.
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