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...
Non-Fungible Token (NFT)
A Non-Fungible Token (NFT) is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content, using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, each NFT has a distinct value and cannot be exchanged...
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...
Nonce Replay Protection
Nonce Replay Protection refers to a security mechanism designed to prevent the unauthorized reuse of a nonce in cryptographic communications or transactions. A nonce, which stands for "number used once," is a unique, random number that is meant to be used only once in a secure communication, to ensure that old communications cannot be reused...
Nonfarm Payrolls Release
The "Nonfarm Payrolls Release" refers to a key economic report issued by the U.S. Bureau of Labor Statistics that indicates the total number of paid U.S. workers, excluding farm employees, government employees, private household employees, and employees of nonprofit organizations. This data is released monthly and is a critical indicator of economic health, reflecting employment...
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...
Off-chain Metadata
Off-chain metadata refers to data associated with a blockchain transaction or asset that is stored outside of the blockchain itself. This type of metadata is stored on external servers or databases, and is linked to blockchain transactions or assets through identifiers or URLs. Off-chain metadata is crucial for enriching the information associated with blockchain transactions...
Oil Inventory Report
An Oil Inventory Report is a document that provides detailed data on the stock levels of crude oil and its derivatives held by a country or a commercial entity. These reports typically include information on production rates, import and export figures, and storage capacity utilization, and are crucial for assessing supply and demand dynamics in...
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!
