Exploring Liteverse.io: The first NFT marketplace on the Litecoin network with my first collection dedicated to the Mighty Mia Event #dancingforjoy + Quick Sign up and funding tutorial

As one true OG  Litecoin   enthusiast, I wanted to test the site, or better, the NFT marketplace  Liteverse.io  since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a bit delayed. But now I finally have the time and the need to make use of it for a larger cause. I am sad I procrastinated a little. As it would have been a great honor to be the first one to give it a try, but given my lack of technical skills to use just code to mint outside of a marketplace, waiting was a great idea since the site is super user-friendly and it's quality has improved considerably. I would say Liteverse.io is ready for the mainstream. Minting on it or acquiring an NFT on the Litecoin network is now a Piece of cake! In this article I will describe my experience, the reason why my first series of NFTs was created, and most importantly the advantages and disadvantages of creating an nft (Non-fungible Token) or an nft

Cryptionary: The Crypto Basics According to Oxford Dictionary


It is very easy to find crypto related words and definitions on Wikipedia. However any definition is only completely accepted worldwide, by major institutions, once it has been added as a word to the Oxford Dictionary. So I gathered some few simple crypto words that only exists today because of Bitcoin. Definitions that have already been added to the Oxford dictionary and that will probably be recorded in history. This article was originally written in October 2019 but often being updated with few added words, so please check it out the most recent update.


1. Cryptocurrency: A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
EX: ‘decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation’
Origin: Early 21st century from crypto- + currency.

2. Bitcoin:  A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.

EX: ' if you want to buy something using bitcoin you need to make sure the seller accepts the cryptocurrency’


3. Blockchain: A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.
‘we can actually have a look at the blockchain and see evidence of what's going on’

4. Cryptography: The art of writing or solving codes. 

5. Satoshi: “A satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”

6. Stablecoin: Any cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.

7. Decentralized : (This word was coined before the existence of Bitcoin but one of the main characteristics of Bitcoin, so I felt it needed to be included) - (of an activity or organization) controlled by several local offices or authorities rather than one single one.

8. Decentalization: (This word was coined before the existence of Bitcoin but one of the words that embodies the Bitcoin Movement so I felt it needed to be included) The transfer of control of an activity or organization to several local offices or authorities rather than one single one.
‘efforts to promote decentralization and reform of the national political party’

And for now that is as far Oxford dictionary goes when it comes to Cryptocurrencies and blockchain technology. They fail to mention the definition of Litecoin, Ethereum or the word alt-coin. So I did not even attempt to go much further as those two seam to be the most popular ones in the market today. On another note I did find the meaning for computing Fork which I thought was quite nice: Split (a process) into two or more independent process. Hope one day they get to distinguish between a soft and a hard fork.

One of these days I will make sure to add  more popular definitions that we often use when talking about crypto in the real world. There are certainly many words, terms and slangs that are now part of the crypto and blockchain popular culture.

Feel free to dig into the only resource I used:    It will make you smarter instantly. Just kidding, read some!

*Actual Oxford Dictionary definitions are in Italic

All my best,

Michelle M

www.mammycrypto.com

Online Crypto Swag Store

Lbry Channel English: @Mammycrypto

Lbry Canal Português: @MamãeCrypto


Comments

BACK TO HOMEPAGE

Popular Posts

Weekly Blockchain News with Mammycrypto Jan 14th 2023

Interview with David Chaum about his new Privacy Solutions

My Top Earning Apps and Dapps - Updated List

Exploring Liteverse.io: The first NFT marketplace on the Litecoin network with my first collection dedicated to the Mighty Mia Event #dancingforjoy + Quick Sign up and funding tutorial

Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone investing or looking to earn or acquire cryptocurrencies to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content and referral affiliate links. Which means that when you click on some links and sign up for a product or service I may receive I small commission or credit for the referral. Most the the links also will give you an invite incentive that most often you would not receive if you do not use a referral invite link.

www.mammycrypto.com

MamaeCrypto Headline Animator