The most comprehensive crypto glossary for Beginner level

The most comprehensive crypto glossary out there.

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Net interest income

The total interest earned over an individual’s or an institution’s assets minus the total interest paid for their liabilities.

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Level: Beginner

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Multi-Factor Authentication (MFA)

A two-factor authentication (2FA) method, which a device user needs to input when accessing a website or an application.

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Level: Beginner

Multisignal (multi-signature)

Wallets that require more than one key to authorize transaction requests.

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Level: Beginner

Moon

A term used in the crypto community for the dramatic price increase of a cryptocurrency in a short period of time.

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Level: Beginner

Mobile wallet

A cryptocurrency wallet that runs on a smartphone. Mobile wallets are hot wallets if they are connected to the internet.

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Level: Beginner

Mnemonic phrase

A list of words used in sequence in a non-custodial cryptocurrency wallet in order to access or restore cryptocurrency assets.

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Level: Beginner

Minting

A process to create new tokens on a blockchain network. Unlike mining, minting requires negligible computational resources, which is carried out by validator nodes in a Proof-of-Stake (PoS) blockchain.

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Level: Beginner

Mining rig

An equipment to mine cryptocurrency coins, which can vary from a simple personal computer to a professional-grade computing device.

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Level: Beginner

Mining

Mining is the process of using computing power to verify and record blockchain transactions. Mining also results in the creation of new coins, which miners earn as a reward for their efforts. Mining is utilized in PoW blockchains.

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Level: Beginner

Miner

Validators of transactions on a PoW consensus blockchain. Miners validate transactions by solving complex math problems, which creates new coins. Miners are rewarded with a fraction of these newly minted coins every time a new block is mined on the blockchain.

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Level: Beginner

Mid cap

A class of cryptocurrencies with a market capitalization value between $100 million and $10 billion.

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Level: Beginner

MicroBitcoin (uBTC)

One millionth of a Bitcoin (0.000001).

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Level: Beginner

Micro cap

A class of cryptocurrencies that have a market capitalization below $100 million. Micro cap cryptos are commonly referred to as “gems” in the crypto community.

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Level: Beginner

Memecoin

A cryptocurrency based on a viral joke. A memecoin serves no real-world purpose and it entirely relies on social media hype to attract users and investors, due to which it can reach astronomical price levels within only a couple of days. Dogecoin is the original memecoin.

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Level: Beginner

Maximum supply

Maximum number of coins or tokens that can exist in the lifetime of a cryptocurrency. Maximum supply of a cryptocurrency is the equivalent of a stock’s number of fully-diluted shares.

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Level: Beginner

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