518
edits
Difference between revisions of "Crypto & NFT Terminology"
added meaning
(alphabetically arranged the terms (this was a lot of work no 🧢)) |
(added meaning) |
||
| Line 36: | Line 36: | ||
# L1- Refers to a base blockchain network and it's underlying structure. (eg. Ethereum, Bitcoin) | # L1- Refers to a base blockchain network and it's underlying structure. (eg. Ethereum, Bitcoin) | ||
# L2- Layer 2s are scaling solutions that operate on top of an underlying blockchain protocol (e.g. Ethereum) to improve its scalability and efficiency. | # L2- Layer 2s are scaling solutions that operate on top of an underlying blockchain protocol (e.g. Ethereum) to improve its scalability and efficiency. | ||
#LP- Liquidity Provider | |||
# MEV- Maximal Extractable Value (formerly Miner Extractable Value) | # MEV- Maximal Extractable Value (formerly Miner Extractable Value) | ||
# Minting- The process by which an NFT becomes part of the blockchain. Once an asset is put on the blockchain, it is “minted” as a token and cannot be altered. | # Minting- The process by which an NFT becomes part of the blockchain. Once an asset is put on the blockchain, it is “minted” as a token and cannot be altered. | ||