NFTslangs.com

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Blockchain

What does Blockchain means?

The blockchain is a chain of servers containing several nodes that record cryptocurrency transaction ledgers in a decentralized format. The blockchain is difficult to hack or cheat since it distributes data across several linked servers.

Examples of Blockchains

  1. Bitcoin
  2. Ethereum
  3. Solana

Random Slangs

Etherscan

Etherscan is a free platform where you can explore the Ethereum blockchain and verify Ethereum-based transactions and assess wallets, smart contracts, and blocks. For instance,

PFP project

Shorthand for ‘profile picture’, so a ‘PFP project’ is essentially the same as a 10k project or an avatar project. This term is coined because the avatars in these NFT collections are often used as profile pictures on Twitter, Discord, etc.

Volatility

It defines the rate of fluctuation (drop and rise in the worth) of an NFT project or crypto over time. Unlike fiat currencies, cryptocurrencies and

Discord

A community-based chatting platform where members of an NFT community interact and disseminate information. Discord’s structure features a server with many communication channels. The server

Moon

An NFT way of describing a rapid increase in the volume and price of a cryptocurrency or digital asset. The “moon” is the ultimate goal

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