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Dictionary

Latest update January 2022

Blockchain

 
Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).

Crypto

A cryptocurrency (or “crypto”) is a form of payment that can circulate without the need for a central monetary authority such as a government or bank. Instead, cryptocurrencies are created using cryptographic techniques that enable people to buy, sell or trade them securely.

NFT

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Cryptocurrency Wallet

A crypto wallet is a place where you can securely keep your crypto. There are many different types of crypto wallets, but the most popular ones are hosted wallets, non-custodial wallets, and hardware wallets.

Web3

Web3 is a still-developing idea for a third generation of the web that is being designed to revolve around blockchain technology

dApps

A decentralized app (also known as a dApp or dapp) operates on a blockchain or peer-to-peer network of computers. It enables users to engage in transactions directly with one another as opposed to relying on a central authority.

Smart Contracts

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.

NFT Marketplace

Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.

Crypto Exchange

Crypto exchanges are platforms where users can trade digital currencies for other assets, including cryptocurrencies like Bitcoin, Ethereum, Litecoin, and regular currencies, like the U.S. Dollar and the Euro.

Crypto Token

Crypto tokens are a type of cryptocurrency that represents an asset or specific use and reside on their own blockchain. Tokens can be used for investment purposes, to store value, or to make purchases. … Created through an initial coin offering, crypto tokens are often used to raise funds for crowd sales.

Alt coins

The term “altcoin” is shorthand for “alternative coins” and simply means cryptocurrencies other than Bitcoin. After Bitcoin, the nine most popular cryptocurrencies are as follows:

  • Ethereum
  • XRP
  • Tether
  • Cardano
  • Polkadot
  • Stellar
  • USD Coin
  • Dogecoin
  • Chainlink
  • Uniswap

Stable Coins

 
 
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.

Ecosystem

An ecosystem consists of all the organisms and the physical environment with which they interact. These biotic and abiotic components are linked together through nutrient cycles and energy flows. Energy enters the system through photosynthesis and is incorporated into plant tissue

Play To Earn (P2E) 

Peer-to-peer computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application.

Peer To Peer (P2P)

Peer-to-peer computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application.

`Peer To Peer (P2P)

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Mint NFTS 

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ERC 20

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ERC 721

ERC-721 is an open standard that describes how to build Non-Fungible tokens on EVM (Ethereum Virtual Machine) compatible blockchains; it is a standard interface for Non-Fungible tokens; it has a set of rules which make it easy to work with NFTs. 

ERC 777

Like ERC20, ERC777 is a standard for fungible tokens, and is focused around allowing more complex interactions when trading tokens.

More generally, it brings tokens and Ether closer together by providing the equivalent of a msg. value field, but for tokens.

ERC 1155

ERC-1155 is a digital token standard created by Enjin that can used to create both fungible (currencies) and non-fungible (digital cards, pets and in-game skins) assets on the Ethereum Network. … ERC-1155 a new way of creating tokens that allow for more efficient trades and bundling of transactions – thus saving costs.

Chain

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Cross-Chain


A cross-chain is the interoperability between two relatively independent blockchains. In other words, it allows blockchains to speak to one another because they’re built in a standardized way.

Node.js

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Truffle 

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React

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Domain

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Server

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Metamask

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Airdrops

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UX/UI Design

User experience (UX) design is centered around the satisfaction the users experience with your NFT Marketplace. Front-end development is the technical implementation of the NFT Marketplace user interface (UI)

IPFS

The InterPlanetary File System is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices.

Pinata

From day one, Pinata makes file storage easy for everyone. Whether it’s images or video, 3D files or an app, easily take your creations and share it with the world.

Filecoin

Filecoin is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. It is made by Protocol Labs and builds on top of InterPlanetary File System, allowing users to rent unused hard drive space

Gas Fees

Gas fees are the transaction fees that users pay to miners on a blockchain protocol to have their transactions included in the block.

The system works on a standard supply and demand mechanism. If there is more demand for transactions, miners can choose to include the transactions that pay more, compelling users to pay more to have their transactions processed quickly and efficiently.”