web3 terms translated into web2

@dsko_ai
@dsko_ai

GM, web3 terms translated into web2: Airdrop = Rewards Blockchain = Servers DAOs = Communities DEX = Marketplace Degen = Nerd Gas = Costs of running servers Interoperability = Standards Layer 1 = Internet protocol Mainnet = Production environment Miners & Stakers = People running servers Minting = Publishing NFT = Media assets Node = Individual servers Oracle = Data provider Private Key = Passwords Public Key = User names Seed phrase = Simplified password Sharding = Scaling Smart contract = Apps Testnet = Test environment Token = Platform assets Tokenization = Digitalization Wallet = Account

x.com
by @coolestak26 🥝 • 3y • twitter.com
AI summary of the linked article

A short glossary translates 23 web3 terms into familiar web2 equivalents. Blockchain is rendered as servers, smart contracts as apps, DAOs as communities, and wallets as accounts. Private keys are described as passwords and public keys as user names, while seed phrases are called simplified passwords. Other entries map airdrops to rewards, NFTs to media assets, gas to the costs of running servers, and sharding to scaling.

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