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sharding meaning crypto glossary article cover

Sharding

What is sharding? Sharding is a scaling technique used in distributed computing and database systems, where data is partitioned into smaller subsets called “shards” and… Read More »Sharding

ERC-721 meaning crypto glossary article cover

ERC-721

Definition of ERC-721 ERC-721 or Ethereum Request for Comments 721 is a data standard for creating non-fungible tokens (NFTs). That means each token is unique… Read More »ERC-721

dyor meaning glossary metaschool

DYOR

DYOR is an acronym for ‘Do Your Own Research’. It’s a word of caution especially if you’re thinking of investing in a certain coin or project. This is simply said because not being informed enough can potentially lead to a great loss.

testnet meaning crypto glossary

Testnet

In blockchain technology, a testnet is an instance of a blockchain powered by the same or a newer version of the underlying software. It is used to run, test and experiment blockchain projects without risk to real funds or the main chain.

erc20 token meaning crypto glossary article cover

ERC-20

The ERC-20 is technical standard for every fungible token used to issue and implement tokens on the Ethereum Blockchain. Being a fungible token means that it has a property that makes each token’s value and type exactly the same as another token.

flippening meaning crypto glossary article cover

Flippening

Flippening means that an underdog overtakes the favorite. It refers to the potential overtake of the Ethereum Blockchain to become the world’s biggest cryptocurrency by market capitalization over the previously favored Bitcoin Blockchain.

DAO meaning crypto glossary article cover

DAO

A DAO stands for Decentralized Autonomous Organization. It is a community-led entity that has no central governing body. It is an emerging form of the legal structure whose members share a common goal to act in the entity’s best interest.