NFTslangs.com

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Hashrate

What does Hashrate means?

The hashrate measures the mining speed of your CPU per second, and the unit is hash/sec. Thus, miners put in resources to ensure their CPU attains the optimum hash rate since this helps them beat other miners to the quest, rewarding them better for verifying and adding blocks rapidly.

Random Slangs

LFG

Means ‘Let’s f***king go!’. It’s used in excitement about new project launches, huge NFT news and other massively positive updates.

Drop

This is the date and time an NFT collection is available for purchase. However, it also details a new NFT’s minting price. It’s, however, similar

Flip

An act of buying and selling a digital product quickly. This decision is often a result of anxiety about the future of a project or

Reward pool

Refers to token storage that rewards people for participating in token staking or sometimes crypto campaign, usually a P2E game. The reward pool typically contains

GPU

An acronym for “graphics processing unit.” A type of CPU (central processing unit) that speeds up digital rendering. In crypto, powerful GPUs are an essential

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