#LearnCrypto Wallet seed phrase: This is a list of words us | Arnaldo on Binance Square

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#LearnCrypto
Wallet seed phrase: This is a list of words used to generate deterministic keys for wallets.

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#LearnCrypto Gas wars – a surge in minting costs caused when there are significantly more buyers than available NFTs in a collection; users need to increase their gas fee and outbid others’ for the transaction to happen.

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#LearnCrypto Fractionalized NFTs – a division of ownership of an NFT. This makes it possible for several people to own a single NFT. Smart contracts can differentiate between a fractional NFT and an individually owned NFT.

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#LearnCrypto Forks – an update in the network protocol (the open-source software that runs blockchains). A soft fork is a minor upgrade to the software and typically means nothing for users.

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#LearnCrypto Floor – the floor or floor price is the lowest price to buy an NFT on the secondary market. It’s the most popular metric for tracking an NFT collection’s performance over time and comparing it to others.

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#LearnCrypto Mainnet – a blockchain that transfers a digital currency from a sender to a recipient. Mainnet is the main network; actual transactions take place on a distributed ledger.

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