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Nakamoto Consensus

The main innovation of Bitcoin lies in its application of proof of work. Named in honor of Bitcoin’s inventor(s) Satoshi Nakamoto.

NEM (XEM)

NEM refers to the blockchain that was designed as a management platform for any number of assets, including exchanges, accounting, medical records, logistics and many other use cases. It also…

NEO

NEO is the first open source blockchain to come out of China. It was created in 2014 by Da Hongfei and shares many similarities with Ethereum. It has the ability…

Nick Szabo

Nick Szabo is a famous Cypherpunk and is the creator of Bit Gold, the predecessor of Bitcoin. He is also credited with coming up with the idea for smart contracts.

Node

A computer that possesses a copy of the blockchain and is working to maintain it. Full nodes are nodes that maintain a full blockchain with all transactions. In the early…

Noob Trap

The word “Noob” (also “Newb” or “Newbie”) is a term that means “new blood” or newcomers to a community. In the case of cryptocurrencies it is those who are new…

Notary Service

A Bitcoin notary service proves the existence of a piece of data (such as a document or picture) before a certain time. By including a block hash in the data,…

Nounce

A nonce is a special number that gets appended to a block and when it is hashed with the entire block, and the hash of the previous block, it creates…

Novacoin

Novacoin was introduced in 2013 and uses the same Scrypt mining algorithm used by Litecoin. It has a hybrid Proof of Work / Proof of Stake mining method. It once…

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