The most comprehensive crypto glossary for Beginner level
The most comprehensive crypto glossary out there.
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
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