Crypto Dictionary

Livepeer is an Ethereum-based technology that decentralizes video transcoding operations. The protocol's goal is to offer a cost-effective, secure, and dependable infrastructure capable of handling today's huge demand for video streaming.

A mainnet is a fully functional, active blockchain. Mainnet blockchains properly validate transactions and consist of immutable, distributed ledgers that everyone can examine openly. Mainnets are operational and trade "actual" cryptocurrencies having monetary value, as opposed to testnets, which exchange symbolic, worthless coins. After testing and revising their projects and updates on testnets, developers launch them to mainnets. The principal blockchains of Ethereum and Bitcoin are both examples of mainnets.

Market volume - of trading volume - is the value of an asset, security, or specific market that has been traded. It can be calculated at any time and recorded by both primary and secondary sources. The trading volume also allows investors and traders to analyze how each person’s trading will affect the market and whether or not a change in asset value was significant.

A place for consumers and sellers where they can exchange products and services. Markets can be real-world, like a physical store, or digital, like an e-retailer.

A master node is a sort of node on a blockchain that has a specific set of capabilities. Masternodes validate transactions and maintain entire copies of the blockchain on which they operate, serving as a centralized storage space for the network. To safeguard their networks, blockchains employ master nodes in conjunction with the Proof of Stake or Proof of Work consensus algorithm. The term "masternode" originally appeared in connection with the cryptocurrency Dash and its accompanying blockchain. Before they may run master nodes, Dash members must have a particular amount of digital currency. Furthermore, master nodes on the Dash network perform several specialized tasks such as instant transaction authorization. However, the criteria and duties differ amongst blockchains. If a machine satisfies the network's computing requirements, it can become a masternode.

A blockchain mempool is a collection of blockchain transactions. Each transaction is "waiting" inclusion in a block. When a trader begins a transaction, it is routed via a network of nodes and validated and reviewed. Once confirmed, information is held on the mempools of the nodes until it is added to the blockchain via a consensus method. The term "mempool" is an abbreviation for "memory pool." Each node has its own mempool, which might vary in size. When a transaction is added to a block, it departs the mempool.

A Merkle root is a Merkle tree's root hash. A Merkle tree consists of a root that connects to branches of data, which in turn link to leaves containing further data. Every branch of a Merkle tree has its own hash. The root hash is produced by combining all of the hashes, and each change in the data related to the root results in a new root hash. Merkle trees are used to organize the data in individual blocks on a blockchain. When dealing with anonymous peers, peers on a network can use Merkle roots to check that data has not been changed and is complete and undamaged. When you get a dataset and a root hash, Peers can compare the root hash they get to the root hash produced by the dataset. For this to be a valid verification paradigm, nodes do not need to contain the entire dataset; partial verification can also be useful. Merkle roots also connect blocks in hash pointers, which include the Merkle root and hash pointer of the previous block.

Merkle trees are binary trees that represent datasets. Its topology is similar to that of an upside-down tree, with a single Merkle root at the top that links to several branches, which then connect to individual leaves. Merkle trees improve data integrity and efficiency in peer-to-peer networks by lowering the chance of previous data manipulation. On a blockchain, data from numerous transactions is saved within a block and recorded in a Merkle tree structure. Separate transaction data is saved at the root of the tree on a non-leaf node. To generate a hash for each leaf node, each piece of transaction data is sent through a cryptographic hash function. Following that, the hash labels of two leaves are sent into the hash function to generate the hash of related branches This procedure is repeated until the top row has just one hash code, the root hash, which contains all of the block's contents.

MetaFi is a blend of two words - ‘Meta’ for meta ecosystem and ‘Fi’ for DeFi. MetaFi is a concept that combines all different types of projects such as Metaverse, DeFi, GameFi, SocialFi, Web3, and NFTs and puts them under one umbrella – MetaFi. MetaFi can comprise DeFi goods or a blend of fungible and non-fungible coins or assets, as well as community governance such as Decentralized Autonomous Organizations (DAOs).

MetaMask isa browser extension designed to make accessing Ethereum's Dapp ecosystemeasier. It also serves as a wallet for holding ERC-20 tokens allowing users toaccess services built on the network via the wallet.In laymanterms, MetaMask is a browser plugin that serves as an Ethereum wallet. TheMetaMask wallet allows users to store Ether and other ERC-20 tokens. The walletmay also communicate with decentralized applications, or dapps.

A metaverse is a shared, immersive virtual environment in which people, often represented by avatars, may interact with one another, build experiences, and create in-world items and landscapes. Users can purchase, sell, and trade digital real estate, products, avatar accessories, and other objects in metaverses, which often have their own intrinsic economies and currencies. The metaverse can be accessed by a computer, virtual reality (VR) headset, or smartphone. A crypto metaverse, in particular, is a metaverse that uses blockchain as its underlying technology and crypto assets, such as metaverse tokens, in its economy. Decentraland, Cryptovoxels, Alien Worlds, Axie Infinity, and The Sandbox are examples of crypto metaverses and protocols that integrate metaverse aspects. While metaverse-like worlds have existed for some time in massively multiplayer online games, the inclusion of the blockchain, cryptocurrency and virtual reality (VR) into the industry is not only changing who may engage and what they can accomplish, but it is also illustrating the real-world market worth of assets, interactions, and experiences obtained in the digital realms of blockchain games.

Mining is the process of getting new cryptocurrency coins through contributing to the upkeep of a currency's blockchain. Every validated transaction that has occurred is recorded by each node of a decentralized network on a blockchain. In currencies that use the Proof of Work consensus process, miners incur the computational expenses of complicated computer operations required to validate a new block for the blockchain. The miner who receives the first successful confirmation of the block receives coins from the blockchain's native cryptocurrency. The competitive component is eliminated by the revised Proof of Stake approach. Instead, it chooses a node to validate the new block depending on its stake in the currency. Transaction fees are paid to Proof of Stake miners. The mining power measurement is better known as “Hashrate.”

Mining difficulty is a unit of measurement used in the Bitcoin mining process. It reflects how difficult and time-consuming it is to obtain the correct hash for each block. Depending on the amount of miners in the network, the difficulty of mining additional units grows or decreases over time. Increase in difficulty is required to maintain the target block time.

Mining pools are groups of miners that work together to maximize their financial advantage. Miners are responsible for the significant computing labour necessary to execute consensus mechanisms on blockchains. Miners are rewarded with native coins by networks. Mining pools determine how much work miners have performed by using block difficulty ratings and "shares." Miners will join various pools according to their hashrate. Individual miners have a better chance of benefitting from mining since pools aggregate their resources. However, joining a mining pool decreases a miner's autonomy. Mining pools have set periods and costs. They also oversee and organize miners and keep track of their performance. The majority of mining pools compensate miners based on the quantity of work they perform. There are several payment mechanisms for mining pools, including pay-per-last-N-share, pay-per-share, and proportionate mining pools.

The EVM's goal is to add a few additional features to the Blockchain in order to cause issues for users of the distributed ledger.

Converting digital data into crypto collections or digital assets recorded on the blockchain is known as minting an NFT. The digital goods or files will be stored in a distributed ledger or decentralised database, and they will be impossible to edit, modify, or erase.

MOSS. Earth is a worldwide global warming firm with global operations that focuses on environmental services. MOSS launched Moss Carbon Credit intended to offset greenhouse gas emissions, in 2020. (MCO2). MOSS and its clients have given more than $15 million USD to the Amazon Forest in the last year, assisting in the preservation of over 500 million trees. MOSS is the largest voluntary carbon credit trader in Brazil and one of the largest in the world.

Multisig is a type of private key storage technique that enhances the asset security of bitcoin traders. It necessitates the usage of many private keys rather than a single key. The number of keys required to validate a transaction can be specified by the user. This strengthens asset protection while still allowing consumers to have control of their keys. Some wallets and key managers utilize multisignature to secure their users by eliminating single points of failure. Individuals can deposit their keys in a variety of forms thanks to multisig. It also supports two-factor authentication. A trader, for example, may keep one key with a third party, another in cold storage, and a third on their smartphone. Each deal would need the use of two of the three keys for authentication. In this case In this case, the third party would not have enough keys to deprive the merchant of sovereignty. When numerous members of a group are required to sign a transaction, multisig technology is used.

Users, each node is a separate processor that provides network services, such as transaction verification and blockchain storage, for a separate network. In social blockchains, network participation is open to everyone. And in order to maintain security, the nodes remain anonymous. Blockchains use nodes to maintain a coherent and consistent network of records across the network and reward other nodes with traditional cryptocurrency for mining and verification services. In private blockchains, nodes are known to each other. "Light nodes" have a much-reduced volume and do not store the whole blockchain. These are basic computer devices used to perform tasks. "Full nodes" are responsible for verifying transactions and maintaining all blockchain data. Literacy rights are the same for all "full nodes." “Master nodes” have all the functions of “full locations” but can also oversee voting events and the full functionality of the protocol. To be considered a "master node," a site must have a large amount of native blockchain cryptocurrency. This collateral-based program prevents fraudulent activity. Networks promote nodes to become “master nodes” by providing more reliable rewards for their work on the network.

Noncustodial wallets give users complete control over their private keys and cryptocurrency. Traders who use non-custodial wallets must exercise extreme caution to avoid losing their private keys. Noncustodial wallets, on the other hand, contain certain cybersecurity safeguards, such as password recovery in the form of a "seed phrase." It includes Exodus and the Ledger Nano X. Noncustodial wallets, which are available both online and offline, usually appeal to both traders who have a large quantity of bitcoin or a lot of trading expertise. They are usually open-source, allowing wallet users to scan the codebase for fraudulent activities.