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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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