Glossary

Baking Bad - a team of developers responsible for BCD and TzKT, among others.

Batch mint - the process of minting multiple gentks in one transaction, much like a shopping cart on Amazon, rather than one purchase at a time. You cannot batch mint of fxhash.

Batch send - send multiple tokens in one transaction, rather than each piece individually. Because a tezos block takes 30 seconds, sending individually can be very slow. The transaction cost when using a batch function will be similar to the cumulative cost of all the individual transactions - you're still making all the transactions, but in one go (batch), rather than several individual interactions with the blockchain.

Batch relist - change the price on multiple tokens in one transaction. Normally you will edit the price of multiple pieces, then make one transaction at the end, rather than a transaction for each individual price change. The transaction cost when using a batch function will be similar to the cumulative cost of all the individual transactions - you're still making all the transactions, but in one go (batch), rather than several individual interactions with the blockchain.

BCD - Better Call Dev

Better Call Dev - BCD. A Smart contract meta-explorer for Tezos, created specifically for smart contract developers.

Cold wallet - a digital wallet that is not connected to the internet. Its strength is its security, and its weakness is slow payments.

Deterministic approach - the gentk should produce the same result on reload or redraw. If it doesn’t, it is in opposition to the spirit of fxhash.

fxhash gentk address - the current address is KT1BJC12dG17CVvPKJ1VYaNnaT5mzfnUTwXv. There were two addresses during the beta period: KT1AEVuykWeuuFX7QkEAMNtffzwhe1Z98hJS, then KT1XCoGnfupWk7Sp8536EfrxcP73LmT68Nyr. The latter came into effect on 05 Jan 21.

Gas - transacting on the Tezos network requires users to pay gas in Tezos’ native token, tez. Wallets support the ability to offer to pay more gas on a transaction, which speeds it up.

Generative Art - generative art refers to any art practice where the artist uses a system, such as a set of natural language rules, a computer program, a machine, or other procedural invention, which is set into motion with some degree of autonomy contributing to or resulting in a completed work of art.

Generative Token - a program designed to produce a random output. In the case of fxhash, there will often be >1 iteration of the generative token, each being unique.

Gentk - Generative Token

HEN - See Hic Et Nunc

Hic Et Nunc - A Tezos marketplace from early to mid 2021 that revolutionised the distribution of art as an NFT. While it no longer exists, other sites have grown in their place. It holds a lot of sentimental value to artists and collectors.

Hot wallet - a digital wallet that is connected to the internet. Its strength is quick payments and its weakness is lower security; it is more vulnerable to cyberattacks.

IPFS - InterPlanetary File System. A distributed system for storing and accessing files, websites, applications and data.

Mempool - The purpose of the mempool, short for memory pool, is to temporarily store and manage the movement of new operations before they are validated and baked onto blocks. To learn more, read about it here.

Mint - the process of activating code to output the gentk. A person who mints a gentk is the first owner and the output is unknown until it is signed; generated just-in-time, tagged with appropriate metadata and uploaded to IPFS.

Moderation - fxhash has its own moderation and reporting systems, which utilises the community as its front-line defence from scammers, inappropriate content etc. Everything you need to know about this, as a collector and artist, is found on the fxhash documents moderation page.

Mutez - one-millionth of a tez, represented as 0.000001 or 1/1000000. Useful for BCD, who needs you to add the cost in mutez, not tez. So, 5 tez would be 5000000 mutez.

Primary - the initial market. No one has owned the gentk previously, and the buyer will be its first owner.

Secondary - a market where the gentk has already been purchased and is now for sale by its owner.

Sweep - refers to multiple items being purchased in a very short period of time. It can also refer to a tool that purchases multiple pieces in one transaction, rather than individually purchasing.

Swap - This terminology is normally heard outside of fxhash. HEN used the term and is also widely used on objkt and teia. When a person lists a token for sale, it is called swapping. To list a piece is to swap a piece. There are primary swaps and secondary swaps. Once an artist mints a piece of work, then can list it for sale. This is a primary market swap, although you will simply hear it called a swap. If someone buys that piece and later lists it for sale, this is a secondary market Swap.

Tez - the native cryptocurrency on the Tezos blockchain. Spelt tez, not Tez.

Tezos - a decentralised, open-source proof-of-stake blockchain network that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts. Spelt with an ‘s’ to annoy my friends of the Webster’s dictionary world. Use tez, not Tezos when describing purchases; that is only 5 tez.

Tezos Blockchain Explorer - TzKT. An advanced Tezos blockchain explorer based on its own open-source indexer with built-in performant API.

TzKT - Tezos Blockchain Explorer

Verified - Verification represents that the moderation team can trust an artist's work is theirs, follows the CoC and that the intentions of the work are sound. It is a privilege, not a right, and can be removed. Besides making purchases safer, being verified allows an artist to release a mint on fxhash immediately. If they are not verified, they must sit on the site, locked, for 3 hours, which gives the community time to assess the project and flag for moderation if things are not right. Since the introduction of the verification system, scammers have been almost completely removed from the site. Read the verification doc for further details.

XTZ - the currency code for the native cryptocurrency (tez) on the Tezos blockchain. Use tez unless needing to highlight the use case of XTZ.