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BUIDL is a playful and intentional misspelling of the word “build.” Just as “HODL” became a mantra for holding onto one’s crypto assets, “BUIDL” emerged as a rallying cry for active contribution to the blockchain and cryptocurrency ecosystem.
Techopedia Explains
The term underscores the significance of building upon and improving the cryptocurrency and blockchain space rather than passively waiting for investments to appreciate.
At the heart of the BUIDL philosophy is the belief that mere accumulation or trading of cryptocurrencies isn’t enough for the technology to reach its full potential. Instead, active and meaningful contribution from the community is essential.
Contrary to what many may assume, BUIDLing isn’t just about being a programming wizard. It encompasses a range of activities, from using cryptocurrencies for their intended purposes, engaging with smart contracts, beta testing, writing informative pieces, and playing blockchain-based games to simply using cryptocurrency wallets.
Noteworthy figures in the crypto domain, like Ethereum’s founder Vitalik Buterin and Binance’s Changpeng Zhao, have adopted and championed the term to emphasize the importance of evolving the ecosystem.
How Can I BUIDL?
To BUIDL means to take an active role in shaping the crypto space, while “HODLing” denotes a more passive approach of holding onto assets in anticipation of future value.
The activities that constitute BUIDLing are vast. It can involve:
- Utilization: Engaging with decentralized applications (dApps), using smart contracts, or employing cryptocurrency wallets.
- Development: Creating new blockchain solutions, improving existing ones, or innovating within the crypto space.
- Education: Writing articles, hosting webinars, or organizing community events to spread knowledge.
- Support: Beta testing products, providing feedback, or assisting in community moderation and governance.
BUIDLing doesn’t discriminate. Whether you’re a developer deep in code, a journalist writing about the latest blockchain project, or a consumer spending your cryptocurrency – if you’re contributing to the ecosystem’s growth, you are a BUIDLer.
The Bottom Line
“BUIDL” is more than just a catchy term in the crypto lexicon. It encapsulates a mindset, a philosophy, and a call to action.
As cryptocurrencies and blockchain technology continue to grow and mature, the community’s active participation will play a pivotal role in determining their trajectory.
HODLing may be the strategy of choice for many when it comes to their investments, but the future of the ecosystem relies on those who BUIDL.
