BUIDL Key Points
- BUIDL is a term derived from HODL, which is a misspelling of ‘hold’ that became popular in the crypto community.
- While HODL encourages holding onto cryptocurrencies instead of selling, BUIDL emphasizes building real value in the blockchain ecosystem.
- BUIDL encourages developers to contribute to the development and advancement of blockchain technology.
- The term is a call to action for the crypto community to focus on creating useful and innovative projects, rather than speculating on price movements.
BUIDL Definition
BUIDL, a play on the term HODL, is a philosophy in the crypto and blockchain community that encourages building and contributing to the development and advancement of blockchain technology and applications. It is a call to developers, companies, and enthusiasts to focus on creating real value in the blockchain ecosystem rather than just holding and speculating on the prices of cryptocurrencies.
What is BUIDL?
BUIDL is a term used in the crypto community that stands for ‘build’.
The term was derived from HODL, a popular term in the crypto world which is a misspelling of ‘hold’.
While HODL encourages people to hold onto their cryptocurrencies, BUIDL is about creating value by building on the blockchain technology.
Who Uses BUIDL?
The term BUIDL is primarily used by developers, companies, and enthusiasts in the blockchain and crypto community.
These individuals or entities are focused on developing and advancing blockchain technology and creating innovative applications.
When was BUIDL Coined?
The term BUIDL, much like HODL, rose to prominence during the late 2017 to early 2018 cryptocurrency boom.
During this period, as the prices of cryptocurrencies were highly volatile, the emphasis on building actual use cases for blockchain technology increased.
Where is BUIDL Used?
The term BUIDL is used worldwide, wherever individuals or companies are building technologies, applications, or platforms using blockchain.
It is prevalent in forums, social media platforms, and other communication channels where the crypto and blockchain communities interact.
Why is BUIDL Important?
BUIDL is important because it shifts the focus from simply holding and speculating on cryptocurrencies to developing real-world applications using blockchain technology.
This philosophy encourages the growth and development of the blockchain ecosystem, paving the way for more innovative and useful products and platforms.
How to Embrace the BUIDL Philosophy?
Embracing the BUIDL philosophy involves contributing to the development and advancement of blockchain technology.
This could mean developing blockchain-based applications, contributing to open-source blockchain projects, or even starting a blockchain company.
It involves a shift in focus from short-term gains to the long-term advancement of the blockchain ecosystem.
