Archives: glossary

What is solidity?

A programming language developed by Ethereum for the design and construction of smart contracts on blockchain platforms. The Long Explanation It is an object-oriented programming language developed by Ethereum for ...

What is a whale in crypto?

The term is widely used to describe an individual or organization that’s holding a large amount of crypto/NFT assets. The Long Explanation The term refers to an individual or organization ...

What is a mainnet?

A term used to refer to a blockchain protocol that is completely developed and deployed. The Long Explanation The term is used to describe a blockchain that is completely tested, ...

What are memecoins?

These are cryptocurrencies designed based on memes and other internet jokes. The Long Explanation A cryptocurrency, just like Bitcoin, is designed by taking inspiration from a meme - a funny ...

What is a defi degen?

Refers to a trader who is interested in making investments in risky and unaudited crypto projects. The Long Explanation Short form of Decentralized Finance Degenerate, the term refers to a ...

What is proof of stake?

A cryptocurrency consensus mechanism used to develop new blocks in a blockchain and process transactions. The Long Explanation Proof of Stake (PoS) is a consensus mechanism used by blockchain networks ...

What is the floor price?

The lowest price of any NFT in a specific collection; it is updated in real-time. The Long Explanation In simple words, the term is used to represent the cheapest NFT ...

What is esports?

Similar to sport leagues, esports are video games that are played in a highly competitive and organized environment. The Long Explanation It is the world of organized, competitive video gaming, ...

What is Discord?

A popular text, chat, voice, and video platform widely used in the gaming industry for community building and engagement. The Long Explanation For any NFT project to succeed, the community ...

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