NFTslangs.com

NFTslangs.com

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Satoshi

What does Satoshi means?

It’s the smallest unit of a Bitcoin. A Satoshi reflects the name Satoshi Nakamoto, the presumed name adopted by the false person or people that developed Bitcoin.

Random Slangs

NGMI

An acronym for “Not going to make it.” It’s the opposite form of “GMI.” The NFT and crypto community use this term to express hopelessness.

Snag

To quickly buy an NFT due to a price drop. People often use it synonymously as sniping. For instance, someone might tell you to snag

Private key

It’s the secret key that lets you access the wallet containing your cryptocurrency. It’s unique to you and used to sign your transactions, validating that

Asset

Another way to refer to a digital collectible or token.

Proof of Work (PoW)

It’s the short form of Proof of Work—An expensive validation process on the blockchain where miners verify new transactions by solving hash puzzles. This mechanism

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