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Against all odds, blockchain technology has gone mainstream. Bitcoin has become a household word, and financial institutions around the world invest in cryptocurrencies or allow their customers to do so. Meanwhile, NFTs have attracted the patronage of celebrities like Eminem, Jimmy Fallon and Stephen Curry.
But despite all the publicity, blockchain technology is still extremely arcane. It’s truly understood only by talented engineers — many of whom were early adopters of cryptocurrencies like bitcoin and ether — and can be overwhelming for the layperson.
Below is an alphabetical glossary of blockchain terms you might find useful. Note: It’s far from an exhaustive list of terms and phrases, but covers the basics.
Airdrop
An airdrop is when a company drops cryptocurrency or an NFT directly into your wallet….
