Peer To Peer (P2P)

What does Peer To Peer (P2P) means?

Peer to Peer, shortened to P2P, is a decentralized transaction between two traders (a pair) without a verifying third party. In this case, other users in the network (nodes) verify a transaction and not the users (nodes) involved.

Random Slangs

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,

Ded

The NFT way of typing the word “dead.” It’s used when an NFT project goes down the drain from a pump and dump or rug

FUD

An acronym for “fear, uncertainty, and doubt.” It’s the slang used by the NFT community to describe the spread of false information to raise investors’

YOLO

A short form of “You only live once.” This acronym isn’t limited to the NFT or crypto world only. Many people use it on social

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