NFTslangs.com

NFTslangs.com

Twitter

Bridge

What does Bridge means?

A bridge is a protocol that provides a link that allows people to exchange tokens between blockchains. Blockchains don’t support each other by default. However, the bridge protocol helps make them interoperable (communicate). A bridge is what allows you to transfer SOL to Bitcoin and receive the token as Bitcoin.

Random Slangs

InterPlanetary File System

Often shortened as IFPS, the Interplanetary File System is a distributed storage system that holds NFT data in a peer-to-peer fashion. IFPS writes data to

Secondary market

It refers to a direct transaction between investors in the crypto market. In NFT, the secondary market typically comes up after minting, phasing out communication

HODL

An acronym for “Hold on to Dear Life.” The NFT community uses it to encourage people never to let go of their digital assets, regardless

Right Click Save As

A scornful description of NFTs. People who don’t believe in NFTs often use this phrase to express how easy it is to acquire an NFT

Staking

It’s a process where people use their tokens to contribute to rewarding block validation for a fixed period; it applies to Proof of stake (PoS)

Menu Close