NFT System
NFT Systems, also known as Non-Fungible Tokens, signify a new revolution in the world of digital assets where each token is unique and cannot be replicated. With a recent surge in popularity, the NFT market hit a staggering $2.5 billion in sales in the first half of 2021, according to DappRadar, representing an impressive leap...
NFT Trading Cards
Non-Fungible Tokens (NFTs) are unique crypto tokens that are representative of specific assets. NFT Trading Cards, in particular, have emerged as a popular application of blockchain technology in the gaming and collectible world. They are essentially digital assets that hold value and can be bought, sold, or traded much like traditional trading cards. The surge...
Nic Carter
Nic Carter is acknowledged as a prominent thought leader and innovator in the blockchain and cryptocurrency space. His perspectives, insights, and contributions have significantly shaped the discourse and development within these revolutionary industries. As the co-founder of Coin Metrics, a start-up providing institutional-level cryptocurrency market and network data, and a partner at Castle Island Ventures,...
NiceHash
NiceHash is a renowned cryptocurrency platform that enables users to buy or sell hashing power. This power is essential in the mining process of digital currencies, making NiceHash a significant player in the cryptocurrency market. Understanding NiceHash Founded in 2014, NiceHash offers a marketplace for mining digital currencies. In essence, it connects sellers of hashing...
Nick Szabo
Nick Szabo is a pivotal figure in the development of digital currency and blockchain technology, best known for his concept of "smart contracts." His work laid foundational principles that have been instrumental in the evolution of cryptocurrencies and decentralized applications. Early Contributions and the Concept of Smart Contracts Nick Szabo first proposed the idea of...
Nominal GDP
Nominal GDP, or Gross Domestic Product at current prices, measures the value of all finished goods and services produced within a country's borders in a specific time period without adjusting for inflation. This economic indicator provides a snapshot of a nation's economic activity. As of the latest data, the United States reported a Nominal GDP...
Non-custodial Wallet
A non-custodial wallet is a type of cryptocurrency wallet that allows users to have sole control over their private keys, which in turn controls access to their cryptocurrency. Unlike custodial wallets, where the service provider holds the keys, a non-custodial wallet gives full control to the user, enhancing security and privacy. Recent trends in the...
Nonce
A "nonce" in the context of technology, particularly in blockchain and cryptography, refers to a number that is used only once in a cryptographic communication. It is a critical component in the processes of hashing and mining, ensuring data integrity and security in digital transactions. Origins and Evolution of the Nonce The term "nonce" originates...
NovaBloc
NovaBloc is an innovative blockchain technology that offers a unique approach to data management and transaction processing. It is designed to provide a high level of security, scalability, and efficiency, making it a valuable tool for businesses and organizations in various sectors. Understanding NovaBloc Developed by a team of seasoned professionals in the tech industry,...
Oblivious Transfer
Oblivious Transfer (OT) is a fundamental cryptographic protocol designed to enable two parties to exchange information in a way that one party learns a specific piece of data from the other without revealing which piece was chosen. This protocol ensures that the sender remains oblivious to the receiver's choice of data, while the receiver learns...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
