Understanding Crypto Words J-N
Jumblr—a coin mixer as to offer private payments.
Keylogger—recording software that records every button pressed on one’s keyboard.
Kimoto Gravity Well—an algorithm to adjust mining difficulty in order to give miners a fair chance of earning block rewards.
Lambo—meme when crypto prices go to moon; and they can scoop up crypto which they call Lambos. (Short for Lamborghinis.)
Laundry— (Money Laundering)—assets which are “washed” or changed to cover up illegal activities.
Leverage—borrowing money to buy assets.
Lightning Network—a network layer functioning on top of the blockchain which allows for cheaper fees for micro transactions.
Limit Order—price that is determined by trader and acted upon when it reaches desired price or larger.
Litecoin—forked from Bitcoin; a cryptocurrency known for decreased block time and supposedly allows for faster transactions.
Liquidity—usable currency which can be used quickly.
Liquidity Swap—an exchange where one can exchange assets for a particular currency.
Long— purchasing an asset expecting it to increase for future profit.
Machine Learning—integration of computers to learn from each other without programming.
Mainnet—a protocol which uses real money; usually to create a new coin.
Margin Call—when an investor must sell his position to repay the loan he received for purchasing the asset.
Margin Trading—borrowing money to buy assets.
Market Cap—total value of a particular market; multiplying (coin) or stock by total supply.
Market Order—a planned order to be executed if the price of an item reaches a planned-on price.
Masternode—a node (a computer with the complete crypto software,) that does more than regular nodes; faster transactions, increased privacy, and governing participation.
Mempool—a pool of unconfirmed transactions waiting to be included in blocks.
Merged Mining—a process of having two different cryptocurrencies using the same consensus algorithm to be mined simultaneously.
Metamask—users are able to transact Ethereum and other ERC-20 tokens on their chrome extension on their computer.
Mt. Gox—an exchange that lost millions of dollars of account holders funds.
Micro-transaction—a small payment with digital currencies and Bitcoin; usually used to test a wallet or to practice the transferring of cryptocurrencies.
Miner—one how use computer power to verify transactions on the blockchain to obtain block rewards.
Miner Fee—fee paid to miners for verifying transactions; a miner receives a block reward and a transaction fee.
Mining—a process where new coins are created once transactions are verified on the blockchain network.
Mining Algorithm—where users (miners) of the blockchain verify the mathematical problem to obtain block rewards.
Mining Pool—a group who agree to combine their mining rigs to gather more mining power and rewards are split based on each other’s mining power supplied.
Mining Rig—computer dedicated to the mining of cryptocurrencies.
Minting—users on the PoS blockchain verify transactions and receive new coins for their participation.
Mixing Service—a service where transactions are grouped together or mixed to cover up the source of the transaction.
Mnemonic—a series of words used to recover an account or wallet.
Monero—popular cryptocurrency on the Darknet thought to be anonymous.
Moon—meme referring to skyrocketing coin price.
Multi-Layer—where a blockchain has several levels for scalability and encryption.
Multi-Signature—requiring several keys to authorize a single transaction usually divided among different parties.
Multisig—see multi-signature
MyEtherWallet—wallet which supports Ether and ERC20 tokens
Namecoin—a cryptocurrency which allows data to be written on the blockchain.
NeoContracts—digital agreements on NEO’s platform.
Network Effect—as more people use cryptocurrencies, quality of usefulness is seen.
Node—a computer which runs cryptocurrency software and validates transactions.
Non-accredited Investor—one that trades but does not have high net work and is ineligible for investment opportunities.
Nonce—to make relay attacks impossible, an arbitrary number is used only once in cryptography.