BUIDL is a slang term widely used in the crypto community. Find out what it means by reading the explanation below!
What Is BUIDL?
BUIDL is the misspelling of the word “build” that emerged in a similar fashion to the term “HODL”. It is used to encourage the community to build and contribute to the blockchain and crypto ecosystem as opposed to passively holding assets.
What You Need To Know About BUIDL
After getting to know the BUIDL definition, it may seem that a proactive contribution to the future of crypto requires technical knowledge and programming skills. However, that’s not exactly what it means.
BUIDLing can involve:
- Spending cryptocurrencies as digital money
- Implementing smart contracts
- Working with beta-testing products
- Writing posts and articles
- Playing blockchain games
- Making use of crypto wallets
The list goes on! In other words, the term BUIDL can refer to a variety of activities that play a role in creating a better future for blockchain and crypto.
The origins of the term BUIDL are not clear, with no creator or timing of its emergence recorded. Yet, most agree that it was invented after the creation of the well-known “HODL”, which took place in 2013. Anyhow, BUIDL has been around for a while now and even big names in the crypto community tend to use it regularly.
For instance, Vitalik Buterin, the founder of Ethereum, used the word BUIDL when referring to the development of his blockchain network.
What’s more, Changpeng Zhao, the co-founder of Binance, also uses this term to prompt crypto enthusiasts to actively contribute to the ecosystem.
Some might argue that networks like Bitcoin and Ethereum are doing rather well with the amount of activity they are already receiving and don’t need additional BUIDLing. That said, the DeFi boom has inspired the creation of a plethora of projects the success of which greatly depends on such participation.
