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 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.