Peer To Peer (P2P)

What does Peer To Peer (P2P) means?

Peer to Peer, shortened to P2P, is a decentralized transaction between two traders (a pair) without a verifying third party. In this case, other users in the network (nodes) verify a transaction and not the users (nodes) involved.

Random Slangs

BSC

An acronym for “Binance Smart Chain.” BSC is a protocol that makes the Binance Chain interoperable and programmable. Hence, other resources can communicate with it.

Whitepaper

It’s a detailed documentation of an NFT project plan or roadmap. This document details everything about a project, including its aim, objectives, and future goals.

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

DEX

DEX is an acronym for “decentralized exchange.” It describes an autonomous peer-to-peer (P2P) platform where people can exchange tokens without depending on any mediator for

Gwei

Gwei is the one-billionth of one ETH (1 ETH is 1000,000,000 Gwei). It’s a denomination of ETH, also called a nanoether, due to its value