crypto terms

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.

A one-pager is a condensed presentation of a crypto project that fits on a single page. It briefly and clearly describes the essence of the idea and often serves as investors' first introduction to the project.

A transaction fee is the payment the sender of a transfer pays the network for processing and confirming the operation. Its amount depends on the network load and the priority of the transfer.

A market order is an instruction to buy or sell an asset immediately at the best available price. It is executed at once as long as there are matching limit orders in the order book.

A crypto evangelist is a person who works on educating people and popularizing blockchain and cryptocurrencies, explaining their principles to a wide audience.

A cryptocurrency faucet is a website or service that gives out small portions of coins in exchange for completing simple tasks or for user activity.

A QR code is a two-dimensional graphic image that encodes data and is read by a camera; in cryptocurrencies it is used to quickly transmit addresses and payment details.

Litecoin is one of the oldest altcoins, created as a faster and lighter alternative to Bitcoin and the originator of the use of the Scrypt algorithm.