NFTslangs.com

NFTslangs.com

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Web3

What does Web3 means?

Refers to the decentralized web version, where every transaction and data sits on several data nodes. Web 3.0 revolves around blockchain technology and runs decentralized apps. In contrast to web 2.0, which uses a centralized database system, web 3.0 decentralizes data into users’ computers—so no single entity manages data anymore.

Random Slangs

BTC

A short way of writing “Bitcoin.” Launched in 2009, Bitcoin tops the cryptocurrency blue chips. And it has gained immense value over time. It uses

Hashrate

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

BTD / BTFD

Acronyms for “buy the dip” and “but the fxxxking dip,” respectively. These terms are used interchangeably in crypto to tell people to buy a cryptocurrency

NFT

NFT stands for “non-fungible token.” An NFT is a non-replaceable token that tracks digital assets on the blockchain. Each NFT is uniquely tied to a

Public key

This is a cryptographical hash that produces public wallet addresses for transacting cryptocurrencies. Although it comes with your private key, you can share it with

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