Trading Glossary

N

Nakamoto Consensus

The combination of proof of work, the longest-chain rule, and block rewards that constitutes Bitcoin's consensus design.

Native Token

The protocol-level asset of a chain — BTC, ETH, SOL.

NFA

Not financial advice. A common disclaimer with limited actual legal effect.

NFT (Non-Fungible Token)

A uniquely identifiable token used to represent ownership of a specific item or entitlement.

Node

Any computer running blockchain client software and participating in the peer-to-peer network.

Node Infrastructure

The servers, storage, and networking required to operate blockchain clients reliably.

Node Operator

The party responsible for running and maintaining node infrastructure.

Node Provider

A managed service supplying RPC access, removing the need to run one's own infrastructure.

Nominated Proof of Stake (NPoS)

A variant in which nominators back validators with their stake and share both rewards and penalties.

Non-Custodial Wallet

A wallet where the user alone controls the private keys.

Nonce

A number used once. In proof-of-work, the value miners iterate over to find a valid block hash. In account-based systems, a per-account counter that orders transactions and prevents replay.

Nonce Gap

A missing sequence number in an account's transaction ordering, which stalls all later transactions until filled.

Nonce Management

Coordinating transaction sequence numbers across concurrent signing processes to prevent conflicts and stalls.

Normie

Someone outside the crypto community.

Nothing-at-Stake Problem

A theoretical proof-of-stake weakness in which validators face no cost to supporting multiple competing chains. Addressed by slashing.

Number Go Up (NGU)

Ironic shorthand for price appreciation as the primary thesis.