Don’t Get Lost in Translation!

As we build our community, exchanging information and ideas, it is important that we are all on the same page so to speak.  On this page you will find a glossary of terms that you may find in posts, or on Fred’s POPCASTs.  This is a fluid listing, so if you don’t find what you are looking for, shoot us a message and let us know. 

NFT - When discussing Non-Fungible Tokens (NFTs), the term "fungibility" pertains to the interchangeability of an object with another. For example, a single dollar is fungible as it can be exchanged for any other dollar. Artwork, on the other hand, is generally considered non-fungible because paintings or sculptures possess varying qualities, values, or attributes. An NFT (Non-Fungible Token) is a unique digital asset that has no equivalent. This distinguishes it from cryptocurrencies like ether, which are fungible in nature.
NFT Aggregator - During the initial surge of interest in buying and selling NFTs, several NFT marketplaces emerged as websites for such transactions. As the market matured, aggregators surfaced, offering users a unified application to view available inventory, prices, and facilitate buying and selling across multiple marketplaces. These platforms, reminiscent of familiar web2 shopping portals, are commonly referred to as NFT Marketplace Aggregators or simply NFT Aggregators.
Node (Full Node) - In public blockchains, a network of computers synchronizes data, coordinates transaction requests, and participates in reaching a consensus on transaction validity. Each of these computers is referred to as a "node." A full node is a computer that can fully validate transactions and download the complete data of a specific blockchain. In contrast, a "lightweight" or "light" node does not download all the components of a blockchain's data and follows a different validation process.
Nonce - The term "nonce" carries various meanings and finds usage in different contexts. On the Ethereum Mainnet, it refers to a unique transaction identification number that increments with each subsequent transaction to ensure several safety features, such as preventing double-spending. It's important to note that due to its broader usage in cryptography, the term "nonce" may have different interpretations in other sidechains or decentralized projects.