NFTslangs.com

NFTslangs.com

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Never trust, always verify

What does Never trust, always verify means?

A warning to assume that every other person or project on the internet is a scam. Otherwise known as the zero trust in cyber security, the “never trust, always verify” principle is a recommended protection guideline against potential cyber threats. It requires that you validate a cyber communication or transaction at every stage.

Examples

  1. I have over a thousand WL spots from several projects. But never trust. Always verify!
  2. There are many NFT scams out there. Remember, never trust. Always verify.

Random Slangs

Pump and dump

Pulling out of a project after pushing its price to the peak through deceit. In a “pump and dump,” someone or a group of people

Snapshot

It’s a record of the blockchain state (ledger) at a specific block height (a specific point in a blockchain). Developers use snapshots to capture receiving

Devs

An abbreviation for developers. Devs are professionals who create products and services in the blockchain ecosystem using programming languages like Solidity, JavaScript, and Python, and

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

IRL

An acronym for “in real life.” The contextual use may vary. But generally, the NFT community uses it when comparing a digital asset to its

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