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Dictionary

Scaling risk

Blockchains have a limited capacity of transactions per block. The scaling risk refers to the inability of the blockchain to operate normally if the quantity

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Secondary Market

The resale market that follows the primary market. The biggest secondary market for NFTs is OpenSea.io, but there are several other websites offering a similar

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Shill / shilling

A shill is referring to a person that is convincing someone to participate, or believe in something, which is in the shill’s own interest. In

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Shitcoin

Used with reference to cryptocurrencies that have little or no use. Such cryptocurrencies are often being issued by scammers and are often low effort projects.

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Smart contract

A smart contract is a program which automatically executes when conditions of the agreement are met. Smart contracts are the key mechanism for DeFi and

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Smart contracts

Pieces of software code that executes itself if certain conditions, that are defined in the code, are met. They are essential to the functioning of

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Solana

A decentralized open-source blockchain network, focused on fast transactions and high bandwidth. It has its own native token named SOL. Fractional SOLs are called lamports

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Stablecoin

A cryptocurrency that is being tied to an outside asset, such as gold, the U.S dollar, or Euro. That way, price fluctuations are being tackled,

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Szn

Market Cycle, SeaZoN → Season. Market Cycles are shorter in the NFT space than for cryptocurrencies. They often last only between 1-4 weeks.

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