NFTslangs.com

NFTslangs.com

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ENS (.eth)

What does ENS (.eth) means?

A short form of “Ethereum Name Service.” ENS is the blockchain naming standard for the Ethereum network. It helps shorten wallets and dApps names, transforming them from machine-only-readable formats to what humans can understand. You can view ENS as the blockchain domain name provider. However, it also supports other DNS (domain name services).

Random Slangs

Layer 2

A secondary technology built on top of an existing blockchain. The purpose of layer 2 is to scale the blockchain with more solutions, improving its

ERC-721

ERC-721 is a set of standards that provides guides for creating non-fungible tokens (NFTs). This is in contrast to ERC-20, which is for creating fungible

GTD

A short form for “Going to dust.” It defines an NFT project that was probably once valuable but went down the drain and became a

ETH

Another way of writing Ether, the native coin of the Ethereum blockchain.

IDK

A short way to say, “I don’t know.” It’s an honest way to express a lack of idea about a subject matter. And besides NFT,

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