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Glossary Terms to Know
Average Price (7D)
Average Price (7D) shows the average price paid for non-fungible tokens (NFTs) in a collection over a seven-day period.
Consensus
Consensus is how a blockchain achieves agreement in a decentralised peer-to-peer (P2P) network.
Private Key
A private key is a secret key comprising letters and numbers that enables a crypto wallet user to access their funds and authenticate transactions. One of the most common use cases in the crypto space is to encrypt crypto wallets.
Proof of Stake (PoS)
Proof of Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. It works by selecting validators based on the amount of tokens staked.
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