Gas Fee

What does Gas Fee means?

This is the amount paid in crypto for transacting on a particular blockchain. The gas fee is typically a fraction of the native coin of the blockchain used for a transaction. For example, Solana might charge a standard gas fee of 0.000005 SOL per transaction; this could be an NFT purchase, a token swap, or other deals. The essence of paying this fee is to reward miners or stakers (block generators) for the energy expended in maintaining the blockchain.

Random Slangs

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

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,

Dutch auction

Refers to an auction that opens with the highest possible price (ceiling price); this drops at intervals and closes with the lowest price accepted by

Moonboy

Someone that keeps believing in an NFT project or cryptocurrency despite its failure or drop in value. Typically, someone can become “Moonboy” if they keep

Oracle

Oracles are third-party services connecting the blockchain to data outside of its ecosystem. The blockchain doesn’t interact with real-world data by default, but oracles make