NFTslangs.com

NFTslangs.com

Twitter

Sharding

What does Sharding means?

It’s the process of splitting an overly expensive NFT into units so that more people can afford it. Sharding can also convert an NFT to a fungible piece since many people will own it collectively. The word “sharding” originally refers to the process of partitioning (splitting) a large database into subsets.

Random Slangs

IDO

IDO stands for “initial DEX offering.” DEX, in this case, is an acronym for “decentralized exchange.” Therefore, IDO is a form of an initial crowdfunding

BSC

An acronym for “Binance Smart Chain.” BSC is a protocol that makes the Binance Chain interoperable and programmable. Hence, other resources can communicate with it.

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

Fren

A misspelled slang for “Friend.” In the NFT community, people address their buddies as “fren.” Example Hey “fren,” WAGMI!

Mining

It’s the cryptocurrency generation process. And it involves adding verified blocks to the blockchain to maintain its integrity through a proof of work (PoW) process.

Menu Close