Smart contract

What does Smart contract means?

A program on the blockchain that runs automatically only when transacting parties satisfy predefined conditions. Hence, unlike real-life contracts, you can’t alter smart contracts once you reach the pre-existing agreement written in them.

Random Slangs

Wen

A loose spelling of “when.” Crypto communities use it to inquire about the time of an event. Examples “Wen WL:” Asks when an NFT whitelist

ENS (.eth)

A short form of “Ethereum Name Service.” ENS is the blockchain naming standard for the Ethereum network. It helps shorten wallets and dApps names, transforming

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

Fungibility

As opposed to non-fungibility, fungibility means replaceability. It describes the ability of an item to be tradable or exchangeable for other commodities. For instance, cryptocurrencies

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.