Archives: glossary

What is GM?

Internet slang for “Good Morning”, used widely as a greeting in NFT Twitter circles. The Long Explanation The term or abbreviation is widely used in the NFT Twitter space, as ...

What is email spoofing?

A form of cyber attack in which a user is tricked into thinking that an email came from a trusted source. The Long Explanation A technique used in phishing attacks ...

What is staking?

Staking a cryptocurrency is a process that requires you to commit your crypto asset to support the blockchain and validate/confirm transactions. The Long Explanation Legacy blockchains like Bitcoin and Ethereum ...

What is wash trading?

Wash trading is a type of market manipulation designed to feed misleading information to the market. The Long Explanation The practice of ‘wash trading’ began in the stock market but ...

What is a whitepaper in nfts?

A whitepaper is a document detailing the technology behind a crypto/nft project and the roadmap (plan) for how the project would grow and succeed. The Long Explanation Whitepapers have become ...

What is a token swap?

Token swaps have two possible definitions: 1. The direct exchange of some amount of one cryptocurrency token for another which is facilitated by a crypto exchange platform. 2. The migration ...

What is a pyramid scheme?

A type of investment that involves making money by constantly recruiting more and more investors. The scheme is considered fraudulent and is illegal in different countries around the world. The ...

What is an altcoin?

A term used to typically refer to any cryptocurrency type other than Bitcoin. The Long Explanation The term is used to address any type of cryptocurrency other than Bitcoin. The ...

What is a hot wallet?

A cryptocurrency wallet that is always connected to the internet, which can be used to send and receive cryptocurrencies. The Long Explanation Also called a software wallet, it is a ...

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