Glossary Crypto & Web3
NFT
A token recording ownership of a specific item rather than an interchangeable unit. What the holder actually owns depends entirely on the terms attached, which are often narrower than buyers assume.
More from the glossary
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending…
Proof of work
A method of securing a blockchain by requiring real computing effort to add blocks. It is…
Phishing
Tricking someone into handing over credentials or money by impersonating a trusted sender. Still the most…
Primary source
Original material such as a filing, a transcript, a dataset or a first-hand account, as opposed…