Glossary index

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Blockchain and Web3

Nakamoto

Satoshi Nakamoto is the pseudonymous person or group of people who created Bitcoin and wrote its original white paper in 2008. This document, titled 'Bitcoin: A Peer-to-Peer Electronic Cash System'…

Blockchain and Web3

Nakamoto Consensus

Nakamoto consensus is a mechanism used in blockchain networks to achieve agreement among distributed nodes. This system is based on the idea that participants in the network, known as nodes, must…

Blockchain and Web3

Narrowing Spread

The 'Narrow Spread' refers to the reduction in the difference between the buying price and the selling price of a financial asset. This concept is fundamental in the field of finance and the…

Blockchain and Web3

Native Currency

The native currency of a blockchain is the main cryptocurrency used for transactions and fees within that blockchain. In the case of Solana, its native currency is SOL. This cryptocurrency not only…

Blockchain and Web3

Native Program

A native program is a program that is directly integrated into a blockchain, allowing for efficient execution of smart contracts. These programs are fundamental to the network's operation, as they…

Blockchain and Web3

Native Token

A native token is the primary digital asset of a blockchain, used for transactions and governance within that network. These tokens are fundamental to the operation of the blockchain, as they allow…

Blockchain and Web3

Negative Block Reward

A negative block reward occurs when miners are penalized for including invalid transactions in a block, resulting in a deduction from their earnings. This concept is fundamental in the context of…

Blockchain and Web3

Negative Feedback Loop

A negative feedback loop in blockchain refers to a phenomenon where a decrease in the value of a digital asset triggers a series of chain reactions that further exacerbate its price drop. This…

Blockchain and Web3

Negative Stake

Negative participation refers to a situation where a participant's involvement is reduced due to malicious behavior or network sanctions. This concept is particularly relevant in proof-of-stake (PoS)…

Web and e-commerce

Negotiable Instrument

A negotiable instrument is a document that guarantees the payment of a specific amount of money, either on demand or at a specified time. These instruments are fundamental in the financial realm, as…

Blockchain and Web3

NEM

NEM (New Economy Movement) is a blockchain platform focused on smart asset management and offers a unique consensus mechanism. Its architecture is designed to facilitate the creation and management…

Blockchain and Web3

Nervos Network

Nervos Network is a blockchain platform designed to provide a secure and scalable environment for decentralized applications. Its architecture is based on a multi-layer approach, where the consensus…

Blockchain and Web3

Network Consensus

Network consensus is a fundamental mechanism in blockchain networks that allows all nodes to agree on the validity of transactions. This process is crucial for ensuring the integrity and security of…

Blockchain and Web3

Network Difficulty

Network Difficulty is a crucial measure in the realm of cryptocurrencies, especially in systems that utilize the consensus mechanism known as Proof of Work (PoW). This metric indicates how…

Blockchain and Web3

Network effect

The network effect is an economic and social phenomenon that occurs when the value of a product or service increases as more people use it. In the context of cryptocurrencies, this effect translates…

Blockchain and Web3

Network Explorer

A network explorer is a tool that allows users to view and analyze transactions and blocks on the blockchain. A network explorer provides a graphical interface that facilitates the visualization of…

Blockchain and Web3

Network Fees

Network fees are the costs associated with processing transactions on blockchain networks, such as Bitcoin, Ethereum, Solana, and other blockchain platforms. These fees are paid by users to miners or…

Blockchain and Web3

Network fork

Network forking, also known as 'fork', refers to a change in the protocol of a blockchain that creates a new version of the network. This process can be either soft (soft fork) or hard (hard fork)…

Blockchain and Web3

Network Governance

Network governance is the framework through which decisions are made regarding the operation and development of blockchain networks. This concept is fundamental in the ecosystem of cryptocurrencies…

Blockchain and Web3

Network Growth

Network growth refers to the increase in the number of nodes and users in a blockchain network over time. This phenomenon is crucial for the health and security of the network, as a greater number of…

Blockchain and Web3

Network Hashrate

The network hash rate is the total computational power used by miners on the Bitcoin network to solve cryptographic puzzles. This value is measured in hashes per second (H/s) and represents the…

Blockchain and Web3

Network Nodes

Network nodes are the individual devices that participate in the Bitcoin network by maintaining a copy of the blockchain. Each node plays a crucial role in the network's operation, as it not only…

Blockchain and Web3

Network participation rate

The network participation rate in a Proof of Stake (PoS) system refers to the percentage of validators that are actively participating in the validation of transactions and the creation of new blocks…

Blockchain and Web3

Network Token

A network token is a digital asset used to authenticate users or devices within a specific network. These tokens are fundamental in the blockchain and cryptocurrency ecosystem, as they enable…

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