EIP-1559
An Ethereum upgrade that changed how transaction fees work: it introduced a base fee that is burned (permanently removed from supply) plus an optional tip to validators. During high network usage, more ETH is burned than created, making ETH potentially deflationary.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Aping In
Crypto slang for rushing into a large position in a token without much research, often driven by hype or fear of missing out. "Aping in" is associated with high-risk, impulsive behavior and is generally discouraged.
Bag Holder
Slang for an investor who continues to hold a cryptocurrency that has fallen significantly in value, often because they are waiting for a recovery that may not come. The "bag" refers to the position they are stuck holding.
Yield Farming
A DeFi strategy where users move assets between different protocols to maximize returns by earning trading fees, rewards, and governance tokens.
Hard Fork
A major change to a blockchain protocol that is not backward-compatible. Nodes that do not upgrade to the new rules are rejected by the new chain, sometimes creating two separate blockchains. Bitcoin Cash was created via a hard fork of Bitcoin.
Utility Token
A type of cryptocurrency designed to be used within a specific platform or application to access services, pay fees, or participate in a protocol. Unlike security tokens, utility tokens represent access rights rather than investment contracts.