Knowledge & Technology

NFT Definition: A Non-Fungible Token (NFT) is a cryptographic token on a blockchain that represents a unique, indivisible asset.

Network Definition: A network is a group of interconnected nodes (computers) that communicate and exchange data within a decentralized system.

Mnemonic Phrase Definition: A mnemonic phrase, also called a seed phrase, is a sequence of words used to back up and recover a cryptocurrency wallet in case the private key is lost.

Memecoin Definition: A type of cryptocurrency created primarily for entertainment or humor, often inspired by internet memes, with less focus on advanced technological innovation.

Metaverse Definition: A virtual reality environment where users interact with each other and engage with digital assets, creating immersive, interconnected experiences.

Max Supply Definition: The maximum number of tokens that can ever be created for a cryptocurrency. This limit highlights the asset’s scarcity and helps determine its potential inflation rate.

MetaMask: A widely used non-custodial crypto wallet extension for browsers, enabling seamless interaction with decentralized applications (dApps).

Maximal Extractable Value (MEV) refers to the profit miners or validators can earn by reordering, including, or excluding transactions within a block, often associated with activities in DeFi protocols.

Mobile Wallet: A cryptocurrency wallet app or browser extension designed for mobile devices, enabling users to send and receive crypto easily.

Merkle Tree: A hierarchical data structure used in blockchain to ensure data integrity and authenticity, enabling efficient and secure validation.