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NFT Term Glossary

Canonical definitions for NFT and crypto terms, each as its own glossary entry for fast internal linking.

State
1 min read

State

As it relates to the Ethereum blockchain, the “state” is a massive data structure in a format called a “modified Merkle Patricia Trie”. …

State
State Channels
Dec 02, 2025

State Channels

A State Channel is a type of Ethereum blockchain layer 2 scaling solution which allows participants to perform private …

stETH
Dec 02, 2025

stETH

Lido is a liquidity staking solution for several Proof of Stake (PoS) blockchains, including Ethereum. Lido’s …

Swap
Dec 02, 2025

Swap

In the world of cryptocurrency trading and decentralized finance (DeFi), a swap refers to the process of exchanging one …

Symmetric Key Cryptography
Dec 02, 2025

Symmetric Key Cryptography

Symmetric key cryptography, sometimes referred to as symmetric encryption, refers to a type of encryption methodology …

Szabo
Dec 02, 2025

Szabo

A szabo is a denomination of Ether equal to 106 ETH (0.000001 ETH), named after cryptographer Nick Szabo. It is one of …

Testnet
Dec 02, 2025

Testnet

Blockchains such as Bitcoin (BTC) and Ethereum (ETH) have a primary main blockchain called a mainnet and a testing …

Testnet Goerli
Dec 02, 2025

Testnet Goerli

Goerli is a widely used Ethereum testnet that was designed to work with multiple Ethereum clients and uses a …

Testnet Kovan
Dec 02, 2025

Testnet Kovan

The Kovan testnet (sometimes misspelled “Koven”) was an Ethereum test network that used a proof-of-authority …

Testnet Rinkeby
Dec 02, 2025

Testnet Rinkeby

The Rinkeby testnet was an Ethereum test network that used a proof-of-authority (PoA) consensus mechanism and was …