Market capitalization is a measure of the value of an asset. It may be calculated by multiplying the number of outstanding coins / tokens by the current price.
Generally refers to the concept of a highly immersive virtual world where people gather to socialize, play, and work. the Metaverse is the virtual alternative to our physical universe and may be the next version of the internet. NFTs potential in the Metaverse reinvents the ways assets can be bought, sold, or traded without real-world constraints such as raw resource limits or supply chain risks.
In cryptography and computer science, a hash tree or a Merkle tree is the basic concept of aggregating hashes into a single hash. Hashes are created from data and then combined with other hashes to create new, overarching hashes. Merkle tress make hashing more efficient by representing all transactions with a single hash which included in the header of the block. Then we only need to hash the header rather than the block.
The process by which transactions for various forms of cryptocurrency are verified and added to a blockchain. Mining is the process of solving the Proof of Work problem and sending the solution to other nodes for verification. It triggers the release of cryptocurrencies, referred to as mining rewards.
Bitcoin mining rewards people who deploy hardware and energy to sustain the network by running mining operations with more bitcoins. A miner is a node on the network working to add new blocks to the blockchain. On a Proof-of-Work blockchain a miner does this by hashing.
Minting is the process of NFT creation. The minting of tokens is carried out through a smart contract, which specifies the name of the token, the total amount of tokens that have been and will be minted for the entire time, etc.
Multi-signature is a digital signature scheme which permits a group of users to sign a single document. Its algorithm usually produces a joint signature that is more compact than a collection of distinct signatures from all users, while the needed number of signatures is agreed at the creation of the address. Multi-signature addresses have a greater resistance to theft as they require more than one signature combined for an operation to be executed on the blockchain.