NFTs
WHAT IS AN NFT? WHAT DOES NFT STAND FOR?Non-fungible token. That doesn’t make it any clearer. Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. How do NFTs work? At a very high level, most NFTs...
NFTs
WHAT IS AN NFT? WHAT DOES NFT STAND FOR?Non-fungible token. That doesn’t make it any clearer. Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. How do NFTs work? At a very high level, most NFTs...
ETH GWEI
Gwei is a term in the cryptocurrency community for a very small amount of the Ethereum currency and is used to pay fees for transactions on the Ethereum network. The Ethereum token is called Ether and is denoted by ETH. One Gwei is the same as 0.000000001 ETH.The Base Fee, which is determined by the network itself. And is subsequently burned. The Max Priority Fee — also often referred to as the miner tip — is an 'optional' additional fee that is paid directly to miners in order to i...
ETH GWEI
Gwei is a term in the cryptocurrency community for a very small amount of the Ethereum currency and is used to pay fees for transactions on the Ethereum network. The Ethereum token is called Ether and is denoted by ETH. One Gwei is the same as 0.000000001 ETH.The Base Fee, which is determined by the network itself. And is subsequently burned. The Max Priority Fee — also often referred to as the miner tip — is an 'optional' additional fee that is paid directly to miners in order to i...
