词汇表

Glossary

dApp

Short for decentralized application, a dApp is any application that is designed to run on a blockchain network, like Ethereum.

ERC20 Token

A fungible (reproducible or interchangeable) token built using an Ethereum smart contract according to the ERC-20 Token Standard.

Fungible Token

A fungible token is any token whose fundamental unit or characteristic is interchangeable with other tokens of the same set. In other words, fungible tokens are not unique. Examples of fungible tokens are metascape’s XXX.

MetaMask

A browser extension that allows you to access and run dApps without running an entire node on the Ethereum blockchain. For more information, and to install MetaMask to begin using Decentraland’s features, please see https://metamask.io/

NFT (Non-Fungible Token)

A non-fungible token (NFT), also known as a nifty, is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not mutually interchangeable by their individual specification. This is in contrast to cryptocurrencies like Zcash, and many network or utility tokens that are fungible in nature.

Governance

Governance refers to the control and use of a Governance coin, token, and/or project through various measures in order to grow the ecosystem or product, and to maximize gains for governance token holders.

Gas Fees

Gas fees are rewards paid to Proof Of Work miners to incentivize them to support the network's transactions which become written to the blockchain. In Ethereum, this gas fee unit amount is expressed in gwei. Withdrawals or transfers to or from CEXs, DEXs Liquidity Pools, and Wallets all incur a gas fee. The amount of this gas fee will vary in cost depending on supply and demand. As currently designed: when demand on Ethereum or an ERC-20 network is at its highest, gas fees are at also their highest.

Smart Contract

A digital contract that is programmed in a language that is considered Turing complete, meaning that with enough processing power and time, a properly programmed Smart Contract should be able to use its code base and logical algorithms to perform almost any digital task or process. Ethereum's programming languages, such as Solidity and Vyper, are Turing complete.