Gas war

What does Gas war means?

Gas war results from conflicting transactions on the blockchain, where the volume of NFTs available are lesser than the number of wallet addresses minting the NFTs. Gas war often increases the gas fee, as bidders or collectors tend to increase how much they pay for the transaction. Hence, collectors paying higher gas fees are more likely to bag the NFTs.

Random Slangs

Pumping

It describes a continuous rise in the price or an increase in the value of a digital asset or coin. Examples “Pumping after dump:” Describes

NFA

An acronym for “Not financial advice.” For instance, you might call an NFT community to action but warn them that it’s NFA. Examples A usage

Fungibility

As opposed to non-fungibility, fungibility means replaceability. It describes the ability of an item to be tradable or exchangeable for other commodities. For instance, cryptocurrencies

Alpha

Having access to important insider information. For example, one may say “I work at Opensea, so I have Alpha on the new artists that we’re partnering with next month”

Polygon

A scaled Ethereum blockchain technology layer that allows you to transact faster at a lower cost relative to the primary Ethereum blockchain. Its underlying cryptocurrency