Learn NFT Vocabulary

Time to understand Non-Fungible Tokens

51% Attack

Also known as a Majority Attack. When one or a group of miners control greater than 50% of the network's mining hash rate or computational power.

Absolute Advantage

An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.

Active Management

An investing strategy employed by fund managers aiming to outperform an index or market in order to generate profits.

Ad Hoc

A phrase of Latin origin that is used in modern English to mean 'for this purpose' or 'specifically for this.'

Address

A string of text that designates the location of a particular wallet on the blockchain. Often a hashed version of a public key.

Airdrop

The distribution of digital assets to the public, either by virtue of holding a certain other token or simply by virtue of being an active wallet address on a particular blockchain

Algorithm

A sequence of unambiguous instructions is used for the purpose of solving a problem.

All or None Order (AON)

An order which once placed, must either be filled in its entirety or not at all. This prevents any partial filling of orders.

All-Time High (ATH)

The highest price of a cryptocurrency in a quote​ currency, such as a dollar, BTC, ETH, or BNB

Allocation

An allotment of tokens or equity, that may be earned, purchased, or set aside for a certain investor, team, group, organization, or other related entity.

Alpha

The first look at a product released by a team, consisting of the very first version of a primitive, basic software or product.

Altcoin

A cryptocurrency that is an alternative to Bitcoin. Used to describe cryptocurrencies that are not Bitcoin.

Angel Investor

Wealthy investors seek out opportunities to provide funding for entrepreneurs or start-up companies.

Anti Money Laundering (AML)

A framework consisting of legal and regulatory procedures to minimize and curb the flow of funds that are generated from illegal or dubious activities.

Application Programming Interface (API)

A collection of functions and procedures that allow users to interact/communicate with the data of an application or service, such as an exchange, to execute the features of the service programmatically.