Glossary-F

F

Failed Transaction

A blockchain transaction that fails to execute and is not validated or confirmed. This can happen for a variety of reasons, including, but not limited to, insufficient gas, invalid data, or errors in smart contract code. Failed transactions can still consume gas fees even if they make no changes to the blockchain.

See also: #Confirmed Transaction, #Dropped Transaction, #Internal Transaction, #Pending Transaction, #Stuck Transactions, #Transaction, #Transaction Fee

Fantom

A layer 1 blockchain launched in 2018 that utilizes Proof of Stake. It is intended to be an Ethereum alternative, and a scalable platform for enterprise applications and dapps.

See also: #Blockchain, #Dapp, #Ethereum, #FTM, #Layer 1

Faucet

An application, website, or tool that dispenses cryptocurrency or tokens, usually with little to no value, often distributed for use by developers on a test network.

See also: #Testnet

Fiat

Legal tender that is not backed by a tangible asset like gold or silver. Supply is controlled by the government or a central bank, adjusted in response to economic conditions and monetary policy.

Flippening, The

Slang

The name given to the hypothetical event in which the Ethereum market cap surpasses the Bitcoin market cap. Possibly inspired by the title of the film Highlander II: The Quickening.

See also: #Bitcoin, #Ethereum

FOMO

Acronym - Fear Of Missing Out

See also: #Degen

Fork

An alternate version of a blockchain that shares a common history but is modified due to a change in the underlying protocol. This is often intentionally provoked in order to apply upgrades to the network, and network supporters will abandon the older version for the improved chain.

See also: #Hard Fork, #Soft Fork

Fractionalize

The process of dividing a single digital asset into smaller units, where each piece is represented by a token that can then be bought or sold on a marketplace, exchange, or directly between users.

Fren

Slang

Intentional misspelling of "friend."

Front-running

The practice of executing a transaction ahead of others based on insider or advanced information to take advantage of price swings, liquidity imbalances, or arbitrage opportunities.

FTM

Ticker Symbol - Fantom

The native token of the Fantom network

See also: #Fantom

FUD

Acronym - Fear, Uncertainty, Doubt

Full Node

A computer or server that actively supports a blockchain network by maintaining a complete history of all past transactions and blocks, as well as independently verifying the legitimacy and integrity of transactions and blocks while relaying them to other nodes.

See also: #Archival Nodes, #Light Node, #Master Node, #Node

Fungible

Items such as goods or commodities that can be exchanged on a one-to-one basis without any loss of value between individual units. Examples include currencies and commodities like oil, wheat, or gold.

See also: #Fungible Token, #NFT, #Semi-fungible

Fungible Token

A digital asset that is divisible, uniform, and interchangeable on a one-to-one basis with other tokens or assets of the same type.

See also: #Fungible, #NFT, #Semi-fungible