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Bitcoin, ether and dogecoin have become household words, and financial institutions around the world are increasingly embracing cryptocurrencies like them. Against all odds, blockchain technology has gone mainstream. Despite the prominence of cryptocurrencies — and their cousin, the nonfungible token, or NFT — few understand the technology that underpins these coins.
Blockchain technology is still arcane, truly understood mostly by talented engineers — many of whom were early adopters of cryptocurrencies like bitcoin and ether. Part of the reason why cryptocurrencies, blockchains and NFTs are so difficult to understand is the wide range of esoteric terms used by the communities that trade in them.
Below is an alphabetical glossary of blockchain terms you might find useful. This isn’t an investment guide, nor is it an exhaustive list of terms and phrases. It does, however,…
