Glossary of Terms

A private key (private key) is a secret string that gives control over a cryptocurrency wallet and allows transactions to be signed. Its loss or disclosure means the loss of access to funds.

A limit order is a pending order to buy or sell an asset at a predetermined price. It is executed only when the specified rate is reached, giving the trader control over the price.

Bitcoin's public ledger is a publicly accessible record of all the network's transactions since its launch. Any participant can verify operations, which ensures the transparency of the blockchain.

A pump is the artificial inflation of a cryptocurrency's price through mass coordinated buying. The goal is to sharply raise the price so that the organizers can sell the asset for more.

A block reward is the reward a miner receives for successfully creating a new block in the blockchain. It consists of an issuance part and transaction fees and decreases periodically.

Namecoin is one of the first altcoins, created on the basis of Bitcoin's technology. Its purpose is the decentralized registration of names and domains, primarily in the censorship-resistant .bit zone.

A node is a computer with an installed client connected to a cryptocurrency network. Nodes exchange data, relay transactions and blocks and jointly maintain the operation of the decentralized network.

A nonce is a variable number that miners substitute when hashing a block. By going through nonce values, they search for a hash that satisfies the target set by the network's difficulty.

A beginner (noob, newbie) is a person who has just started to learn about cryptocurrencies or has recently appeared in a themed community. The term describes a level of experience, not a judgment of the person.

An exchanger is a service for exchanging one form of money for another. In the crypto space exchangers are most often used to exchange cryptocurrency for fiat money and back.