Translated Web3 and Blockchain keywords to peasant words

Hey guys,

As we all know Web3 and Blockchain have been around and trending for years (DummyTechDev believes the trend started in 2013).

There are so many new and fancy keywords related to Web3 and Blockchain and it really hard to understand.

So in articles, we will translate those fancy keywords into peasant keywords and help all of us to understand.

Let’s go!

Translated Web3 and Blockchain keywords

Blockchain => Servers
Node => Individual Servers
Ledger => Database
- In terms of finance, a Ledger is basically a list of transactions of a specific source.
Wallet => Account
- Just like a bank account, your coins will be stored in a wallet.
NFT => Media assets
- As known as pictures, images, and videos.
Token => Platform assets
Royalties => Affiliate revenue
Smart contract => Applications (Apps)
dApp = Applications+ (more powerful)
Minting = Publishing
Public Key => Username
Private Key => Password
Seed phrase => Simplified password
Account abstraction => Email login
Airdrop => Rewards
- We are seeing this term a lot, especially when there is a new coin that going to be released, they usually give users an initial Airdrop (free coin for sign up, sharing, etc)
Degen => Enthusiast
- Without the translated version, honestly, most of us won’t know what Degen means lol.
DAOs => Communities
Tokenization => Digitalization
DEX => Marketplace
Miners & Stakers => People running servers
Mining => Securing a network of servers
Gas => Costs of running servers
- It can be considered as Fee on some platforms.
Oracle => Data provider
Mainnet => Production environment
Forking => Cloning a database
- Same as cloning a source code from GitHub (Fork)

Well, that’s all of the translated words from fancy to peasant words, thus helping everybody to understand the meaning behind those fancy keywords.

It blows our minds at first too.

DummyTechDev hopes these are helpful to your research.

Thank you for reading and see you on the next article!