web3 lingo v2 - Scratching the Surface with Soosh

What is Scratching the Surface with Soosh? Its a new mini project of mine to provide some context to the world of crypto, finance etc in bite sized written format. As the name suggests, everything here is at surface level (i.e. no deep dives or extremely details/heavy datasets), just enough to get your curiosity to tingle~ so you can learn!

Today's topic: Easy web3 lingo v2

We covered the foundational web3 lingo on this article here. Would suggest that you read through that quickly before reading this article as this list includes a bit non-fundamental lingo!

Consumer Focused

Minting = Publishing/posting

Airdrop = Rewards

NFT = Media assets

Degen = Nerd focused on something specific (memes, tokens, chasing yields etc.)

Private Key = Passwords

Public Key = Usernames

Seed phrase = Simplified password

Wallet = Account

Token = Assets

DAOs = Communities

DEX = Non centralized Marketplace/Exchange

Technical Focused:

Blockchain = Servers

Testnet = Test environment

Mainnet = Production environment [main]

Gas = Costs of running servers

Miners & Stakers = People running servers

Node = Individual servers

Oracle = Data provider

Interoperability = Standards/ease of movement

Sharding = Scaling

Tokenization = Digitalization

Smart contract = Apps

Until next time, on the next scratching the surface with soosh!

*this article is for curiosity only and nothing stated within should be taken as tax and financial advice. DYOR!