What is BUIDL?
Origin
What is a BUIDLer?
What is BUIDL?
“BUIDL” is a term used in the cryptocurrency world that is derived from the term “HODL.” While HODL, a misspelling of “hold,” is used to describe the act of buying and holding onto cryptocurrencies in the expectation of a price increase, BUIDL refers to the act of building – i.e., developing projects and creating value in the blockchain space.
The term is meant to emphasize the importance of building real, valuable and functional products as a means to support the overall cryptocurrency and blockchain ecosystem. It’s often used in the context of software developers who are creating new blockchain technologies, but can also apply to anyone contributing in a meaningful way to the cryptocurrency space.
Origin of BUIDL
The term BUIDL was first popularized within the blockchain and cryptocurrency communities as a play on the term HODL. It’s not clear who first coined the term, but it quickly became a popular saying within the community to promote the concept of contributing to the blockchain ecosystem rather than just passively holding assets.
The term has been embraced by various stakeholders in the industry, including developers, entrepreneurs, and even large corporations. For example, Coinbase, one of the largest cryptocurrency exchanges, even attempted to trademark the term in 2018, though they later decided to abandon this effort in the spirit of keeping the term open for community use.
What is a BUIDLer?
A BUIDLer is an individual, often a blockchain developer, who actively contributes to the blockchain and cryptocurrency ecosystem by building new applications, platforms, or services. BUIDLers believe in the long-term potential of blockchain technology and cryptocurrencies, and their focus is on creating real value through functional products rather than quick financial gains.
BUIDLers could be working on a variety of projects, from creating new cryptocurrencies and decentralized applications (dApps), to developing infrastructure for blockchain transactions, to working on scalability solutions. The shared goal among BUIDLers is to drive the blockchain industry forward by solving existing challenges and expanding the use cases for blockchain technology. Their contribution is pivotal in making the blockchain ecosystem more robust, trustworthy and transparent.
