N | Glossary | FinchTrade

Network Latency

Network latency refers to the time it takes for data to travel from its source to its destination across a network. It is typically measured in milliseconds (ms) and can be influenced by various factors such as the physical distance between devices, the quality of the network infrastructure, and the amount of traffic on the network. High latency can result in delays and reduced performance, particularly in applications that require real-time data transmission, such as online gaming, video conferencing, and financial trading systems. Reducing network latency is crucial for improving the efficiency and responsiveness of network-dependent services.

Newb

A "newb" is a slang term for a newcomer or beginner, often used in online communities to describe someone who is inexperienced or unfamiliar with a particular activity or subject.

NGMI

NGMI stands for "Not Gonna Make It." It's a slang term often used in online communities, particularly in the context of cryptocurrency, finance, and gaming. It describes someone who is perceived to be making poor decisions or lacking the necessary skills, knowledge, or mindset to succeed in a particular endeavor. The term is frequently used in a somewhat mocking or dismissive manner.

Nick Szabo

Nick Szabo is a computer scientist, legal scholar, and cryptographer known for his pioneering work in digital contracts and cryptocurrency, including the concept of "smart contracts."

Nifty Gateway

Nifty Gateway is a digital art platform that allows users to buy, sell, and trade NFTs (non-fungible tokens) from various artists and creators.

Nominators

In the crypto space, a nominator is a participant in a Proof-of-Stake (PoS) or related consensus mechanism who supports the network by selecting and backing validators. Nominators delegate their staked cryptocurrency to validators they trust to secure the network and validate transactions. In return, nominators earn a share of the rewards that validators receive for their work, incentivizing network security and participation.

Non-Custodial

Non-custodial refers to a type of cryptocurrency wallet or service where the user has full control over their private keys and funds. Unlike custodial services, non-custodial wallets do not require users to trust a third party to manage their assets, ensuring greater security and privacy. This means only the user has access to their cryptocurrency, reducing the risk of hacks or theft by external entities.

Glossary