Glossary

An individual or entity responsible for running and maintaining a blockchain node to support network operations.

A computer that participates in a blockchain network by maintaining a copy of the ledger and validating transactions.

A unique digital asset stored on a blockchain that represents ownership of a specific item or content and cannot be replicated.

The total combined computational power of all miners on a proof-of-work blockchain network.

A charge collected by validators or miners for processing and confirming cryptocurrency transactions on a blockchain.

The phenomenon where a cryptocurrency or blockchain becomes more valuable as more participants join and use the network.

The cryptocurrency that is intrinsic to and powers a particular blockchain network’s economy and fee payments.

A blockchain protocol converting complex wallet addresses into human-readable domain names.

The proof-of-work consensus mechanism used by Bitcoin, named after its creator, where the longest chain with most work wins.

A security feature requiring multiple private key signatures to authorize a cryptocurrency transaction.