Glossary
Last updated
Last updated
https://academy.binance.com/en/glossary
FLOOR PRICE: Floor price is the lowest price for collection items, rather than the average item price, and is updated on an hourly basis.
DYOR: Do your own research.
ERC 721: The standard for NFT smart contracts (ERC 20 is for fungible assets).
BREADCRUMBS: A digital trail on the blockchain reflecting the history of transactions.
METAVERSE: Why not just go the full digital and never leave your house? You can move to the metaverse, where just like in the “real” world you can buy property and construct buildings all using crypto money in the form of NFTs.
HASH: In mining crypto miners compete against each other to solve complex mathematical problems.
GAS: Real-time cost of transactions bases on supply and demand, like credit card fees charged to vendors.
GAS TRACKER: A service showing the cheapest times to transact. Look for gas tracker to go below 100.
RUG PULL: Draining liquidity from the pull aka A SCAM.
MAINNET: A mainnet is an independent blockchain running its own network with its own technology and protocol.
