NFT
(noun): Abbreviation for “non-fungible token.” A unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content, stored on a blockchain.
Example: “She bought an NFT of a digital artwork by a renowned artist.”
Node
(noun): A computer or device that participates in a network by maintaining a copy of the blockchain’s data and validating transactions.
Example: “He set up a node to support the decentralized network and contribute to its security.”
Network
(noun): A collection of interconnected devices or computers that communicate and share information with each other.
Example: “The company’s network allows employees to access shared files and collaborate on projects.”
Native token
(noun): A cryptocurrency or digital asset that is specifically designed to be used within a particular blockchain ecosystem or platform.
Example: “The native token of that blockchain allows users to pay for transaction fees and access platform features.”
New consensus algorithm
(noun): A set of rules or protocols used by a blockchain network to achieve agreement and validate transactions without relying on a central authority.
Example: “The introduction of the new consensus algorithm increased the blockchain’s speed and energy efficiency.”
New DeFi protocols
(noun): Decentralized Finance protocols that offer innovative financial services and products built on blockchain technology, providing open and permissionless access to financial tools.
Example: “The new DeFi protocols allow users to earn interest on their digital assets and borrow funds without intermediaries.”
Non-custodial
(adjective): Referring to a system or service that does not require users to trust a third party with their assets or funds.
Example: “The non-custodial wallet allows users to retain control over their private keys and manage their cryptocurrencies directly.”
Non-fungible
(adjective): Describing an asset or token that is unique and cannot be exchanged on a one-to-one basis with other tokens, as each has its distinct properties or characteristics.
Example: “The non-fungible token represents a one-of-a-kind piece of virtual real estate in a metaverse.”
