NFTslangs.com

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Hashrate

What does Hashrate means?

The hashrate measures the mining speed of your CPU per second, and the unit is hash/sec. Thus, miners put in resources to ensure their CPU attains the optimum hash rate since this helps them beat other miners to the quest, rewarding them better for verifying and adding blocks rapidly.

Random Slangs

IYKYK

Short for “If you know, you know”. It implies that a message, post or information that’d make sense to the insiders but not the general public.

Crypto Twitter (CT)

Refers to a specific group of people on Twitter that tweet topics revolving around the blockchain and crypto. They include devs, crypto traders, investors, spectators,

Royalties

The certain percentage earned from an NFT sale or resale. Royalties might also come as life-long passive income for artists or NFT owners if they

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

Tokens

These are cryptogenic representations of digital assets in a blockchain. You can view a token as the denomination of a cryptocurrency. Hence, they’re not crypto

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