Glossary-M: Difference between revisions

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(Created page with "== M == <div class="toccolours"> ; === Mainnet === : ''Abbreviation - Short for "Main Network."'' :The live version of a primary blockchain network, fully deployed and allowing users to perform transactions with its own native cryptocurrency or token embedded within its protocol. :''See also: #Testnet''</div> <div class="toccolours"> ; === Market Cap === : ''Abbreviation - Short for "Market Capitalization."'' :The total size and value held in a particular asset,...")
 
 
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=== Mainnet ===
=== Mainnet ===
: ''Abbreviation - Short for "Main Network."''
: ''Abbreviation - Short for "Main Network."''


:The live version of a primary blockchain network, fully deployed and allowing users to perform transactions with its own native cryptocurrency or token embedded within its protocol.
: The live version of a primary blockchain network, fully deployed and allowing users to perform transactions with its own native cryptocurrency or token embedded within its protocol.
 


: ''See also: [[#Testnet]]''
</div>


:''See also: [[#Testnet]]''</div>
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=== Market Cap ===
=== Market Cap ===
: ''Abbreviation - Short for "Market Capitalization."''
: ''Abbreviation - Short for "Market Capitalization."''


:The total size and value held in a particular asset, company, market, or industry, often measured in US dollars.
: The total size and value held in a particular asset, company, market, or industry, often measured in US dollars.


</div>
</div>
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=== Masternode ===
=== Masternode ===
: A blockchain node that stores a complete history of a blockchain ledger and performs specific functions to support a network, including verifying and relaying transactions.
: A blockchain node that stores a complete history of a blockchain ledger and performs specific functions to support a network, including verifying and relaying transactions.




:''See also: [[#Node]]''</div>
: ''See also: [[#Node]]''
</div>
 
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=== Max Fee Per Gas ===
=== Max Fee Per Gas ===
: The highest amount a user is willing to pay per unit of gas for a transaction to be included in a block. This fee may be adjusted by the user, but inappropriate settings may result in gas consumption and a failed transaction, or overpayment for a successful transaction.
: The highest amount a user is willing to pay per unit of gas for a transaction to be included in a block. This fee may be adjusted by the user, but inappropriate settings may result in gas consumption and a failed transaction, or overpayment for a successful transaction.




:''See also: [[#Gas Fees]],  [[#Transaction Fee]]''</div>
: ''See also: [[#Gas Fees]],  [[#Transaction Fee]]''
</div>
 
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=== Max Priority Fee ===
=== Max Priority Fee ===
: A parameter used in the Ethereum network in relation to other transaction fee parameters like gas limit and gas price, which may be adjusted by the user in order to prioritize a transaction.
: A parameter used in the Ethereum network in relation to other transaction fee parameters like gas limit and gas price, which may be adjusted by the user in order to prioritize a transaction.




:''See also: [[#Gas Fees]],  [[#Transaction Fee]]''</div>
: ''See also: [[#Gas Fees]],  [[#Transaction Fee]]''
</div>
 
<div class="toccolours">
<div class="toccolours">
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=== Maxi ===
=== Maxi ===
: ''Slang''
: ''Slang''


:Originally short for "maximalist."
: Originally short for "maximalist."


:An individual who strongly believes in, supports, and advocates for one particular cryptocurrency over all others. Sometimes used as a pejorative, suggesting a closed mind.
: An individual who strongly believes in, supports, and advocates for one particular cryptocurrency over all others. Sometimes used as a pejorative, suggesting a closed mind.


</div>
</div>
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=== Maximal Extractable Value ===
=== Maximal Extractable Value ===
: See [[#MEV]].
 
: See [[#MEV]]


</div>
</div>
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=== Mempool ===
=== Mempool ===
: A component of a blockchain node that acts as a waiting area, storing pending transactions until they are confirmed and added to the blockchain.
: A component of a blockchain node that acts as a waiting area, storing pending transactions until they are confirmed and added to the blockchain.




:''See also: [[#Mempool Explorer]]''</div>
: ''See also: [[#Mempool Explorer]]''
</div>
 
<div class="toccolours">
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=== Mempool Explorer ===
=== Mempool Explorer ===
: A tool that allows users to monitor and analyze pending transactions in a mempool.
: A tool that allows users to monitor and analyze pending transactions in a mempool.




:''See also: [[#Mempool]]''</div>
: ''See also: [[#Mempool]]''
</div>
 
<div class="toccolours">
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=== Merge, The ===
=== Merge, The ===
: The transition of the Ethereum network from Proof of Work to Proof of Stake, a significant upgrade improving scalability, energy efficiency, and sustainability. Considered a remarkable milestone in Ethereum’s development, the Merge reduced network energy consumption by 99% and paved the way for future improvements.
: The transition of the Ethereum network from Proof of Work to Proof of Stake, a significant upgrade improving scalability, energy efficiency, and sustainability. Considered a remarkable milestone in Ethereum’s development, the Merge reduced network energy consumption by 99% and paved the way for future improvements.




:''See also: [[#Ethereum]],  [[#Proof of Stake]],  [[#Proof of Work]]''</div>
: ''See also: [[#Ethereum]],  [[#Proof of Stake]],  [[#Proof of Work]]''
</div>
 
<div class="toccolours">
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=== Merkle Patricia Trie ===
=== Merkle Patricia Trie ===
: A modified version of a Patricia Trie, a persistent data structure that keeps a historical and dynamic record of key pairs, child branches, and grandchild branches, enabling faster verifications.
: A modified version of a Patricia Trie, a persistent data structure that keeps a historical and dynamic record of key pairs, child branches, and grandchild branches, enabling faster verifications.




:''See also: [[#Merkle Tree]]''</div>
: ''See also: [[#Merkle Tree]]''
</div>
 
<div class="toccolours">
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=== Merkle Root ===
=== Merkle Root ===
: The topmost hash of a Merkle tree which serves as a summary of all the contained data.
: The topmost hash of a Merkle tree which serves as a summary of all the contained data.




:''See also: [[#Merkle Tree]]''</div>
: ''See also: [[#Merkle Tree]]''
</div>
 
<div class="toccolours">
<div class="toccolours">
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;
=== Metaverse ===
=== Metaverse ===
: A network of virtual worlds incorporating elements of social media, augmented reality, virtual reality, cryptocurrencies, and other digital assets.
: A network of virtual worlds incorporating elements of social media, augmented reality, virtual reality, cryptocurrencies, and other digital assets.


</div>
</div>
<div class="toccolours">
<div class="toccolours">
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=== MEV ===
=== MEV ===
: ''Acronym - Maximal Extractable Value (Originally "Miner Extractable Value")''


:The inclusion and reordering of transactions within a block to extract the most value from it, beyond what can be obtained from the standard block rewards and transaction fees.
: ''Acronym - '''M'''aximal '''E'''xtractable '''V'''alue (Originally "'''M'''iner '''E'''xtractable '''V'''alue")''
 
: The inclusion and reordering of transactions within a block to extract the most value from it, beyond what can be obtained from the standard block rewards and transaction fees.


</div>
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=== Miner Extractable Value ===
=== Miner Extractable Value ===
: See [[#MEV]].
 
: See [[#MEV]]


</div>
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=== Mining ===
=== Mining ===
: The process of validating transactions and blocks and adding them to a blockchain. In a network utilizing a Proof of Work consensus mechanism, the first miner to solve a cryptographic problem is allowed to add a verified block to the blockchain and claim newly generated coins and any associated transaction fees.
: The process of validating transactions and blocks and adding them to a blockchain. In a network utilizing a Proof of Work consensus mechanism, the first miner to solve a cryptographic problem is allowed to add a verified block to the blockchain and claim newly generated coins and any associated transaction fees.


:Sometimes used in a more general sense to refer to any process by which new digital assets are generated and added to a blockchain ecosystem.
: Sometimes used in a more general sense to refer to any process by which new digital assets are generated and added to a blockchain ecosystem.




:''See also: [[#Proof of Work]]''</div>
: ''See also: [[#Proof of Work]]''
</div>
 
<div class="toccolours">
<div class="toccolours">
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=== Mint/Minting ===
=== Mint/Minting ===
: The process of generating and adding new digital assets to a blockchain network, most often referring to fungible, semi-fungible, and non-fungible tokens.
: The process of generating and adding new digital assets to a blockchain network, most often referring to fungible, semi-fungible, and non-fungible tokens.




:''See also: [[#Fungible]],  [[#Semi-fungible]],  [[#NFT]]''</div>
: ''See also: [[#Fungible]],  [[#Semi-fungible]],  [[#NFT]]''
</div>
 
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=== Mnemonic Phrase ===
=== Mnemonic Phrase ===
: '''See [[#Secret Recovery Phrase]]'''


: ''See [[#Secret Recovery Phrase]]''
: ''See also: [[#Brain Wallet]]''
</div>


:''See also: [[#Brain Wallet]]''</div>
<div class="toccolours">
<div class="toccolours">
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=== Modular Blockchain ===
=== Modular Blockchain ===
: A blockchain structured so that functions are divided into separate modules or layers, increasing flexibility by enabling modules to be added, upgraded, or replaced without affecting the entire blockchain network. The performance of the overall network is optimized by allowing modules to specialize in specific functions and communicating and interacting with other modules.
: A blockchain structured so that functions are divided into separate modules or layers, increasing flexibility by enabling modules to be added, upgraded, or replaced without affecting the entire blockchain network. The performance of the overall network is optimized by allowing modules to specialize in specific functions and communicating and interacting with other modules.




:''See also: [[#Blockchain]],  [[#Monolithic Blockchain]]''</div>
: ''See also: [[#Blockchain]],  [[#Monolithic Blockchain]]''
</div>
 
<div class="toccolours">
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=== Monolithic Blockchain ===
=== Monolithic Blockchain ===
: A blockchain structured so that all functions are handled by a single chain or layer.
: A blockchain structured so that all functions are handled by a single chain or layer.




:''See also: [[#Blockchain]],  [[#Modular Blockchain]]''</div>
: ''See also: [[#Blockchain]],  [[#Modular Blockchain]]''
</div>
 
<div class="toccolours">
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=== Moon ===
=== Moon ===
: ''Slang''
: ''Slang''


:A scenario in which the price of a coin or token skyrockets to extraordinary levels.
: A scenario in which the price of a coin or token skyrockets to extraordinary levels.


</div>
</div>
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=== Multi-Sig Wallet ===
=== Multi-Sig Wallet ===
: A cryptocurrency wallet that requires multiple cryptographic signatures in order to process any transactions. The number of required signatures can be customized according to need when generating the wallet.
: A cryptocurrency wallet that requires multiple cryptographic signatures in order to process any transactions. The number of required signatures can be customized according to need when generating the wallet.


:''See also: [[#Wallet]]''</div>
: ''See also: [[#Wallet]]''
</div>

Latest revision as of 21:16, 16 September 2024

M

Mainnet

Abbreviation - Short for "Main Network."
The live version of a primary blockchain network, fully deployed and allowing users to perform transactions with its own native cryptocurrency or token embedded within its protocol.


See also: #Testnet

Market Cap

Abbreviation - Short for "Market Capitalization."
The total size and value held in a particular asset, company, market, or industry, often measured in US dollars.

Masternode

A blockchain node that stores a complete history of a blockchain ledger and performs specific functions to support a network, including verifying and relaying transactions.


See also: #Node

Max Fee Per Gas

The highest amount a user is willing to pay per unit of gas for a transaction to be included in a block. This fee may be adjusted by the user, but inappropriate settings may result in gas consumption and a failed transaction, or overpayment for a successful transaction.


See also: #Gas Fees, #Transaction Fee

Max Priority Fee

A parameter used in the Ethereum network in relation to other transaction fee parameters like gas limit and gas price, which may be adjusted by the user in order to prioritize a transaction.


See also: #Gas Fees, #Transaction Fee

Maxi

Slang
Originally short for "maximalist."
An individual who strongly believes in, supports, and advocates for one particular cryptocurrency over all others. Sometimes used as a pejorative, suggesting a closed mind.

Maximal Extractable Value

See #MEV

Mempool

A component of a blockchain node that acts as a waiting area, storing pending transactions until they are confirmed and added to the blockchain.


See also: #Mempool Explorer

Mempool Explorer

A tool that allows users to monitor and analyze pending transactions in a mempool.


See also: #Mempool

Merge, The

The transition of the Ethereum network from Proof of Work to Proof of Stake, a significant upgrade improving scalability, energy efficiency, and sustainability. Considered a remarkable milestone in Ethereum’s development, the Merge reduced network energy consumption by 99% and paved the way for future improvements.


See also: #Ethereum, #Proof of Stake, #Proof of Work

Merkle Patricia Trie

A modified version of a Patricia Trie, a persistent data structure that keeps a historical and dynamic record of key pairs, child branches, and grandchild branches, enabling faster verifications.


See also: #Merkle Tree

Merkle Root

The topmost hash of a Merkle tree which serves as a summary of all the contained data.


See also: #Merkle Tree

Metaverse

A network of virtual worlds incorporating elements of social media, augmented reality, virtual reality, cryptocurrencies, and other digital assets.

MEV

Acronym - Maximal Extractable Value (Originally "Miner Extractable Value")
The inclusion and reordering of transactions within a block to extract the most value from it, beyond what can be obtained from the standard block rewards and transaction fees.

Miner Extractable Value

See #MEV

Mining

The process of validating transactions and blocks and adding them to a blockchain. In a network utilizing a Proof of Work consensus mechanism, the first miner to solve a cryptographic problem is allowed to add a verified block to the blockchain and claim newly generated coins and any associated transaction fees.
Sometimes used in a more general sense to refer to any process by which new digital assets are generated and added to a blockchain ecosystem.


See also: #Proof of Work

Mint/Minting

The process of generating and adding new digital assets to a blockchain network, most often referring to fungible, semi-fungible, and non-fungible tokens.


See also: #Fungible, #Semi-fungible, #NFT

Mnemonic Phrase

See #Secret Recovery Phrase


See also: #Brain Wallet

Modular Blockchain

A blockchain structured so that functions are divided into separate modules or layers, increasing flexibility by enabling modules to be added, upgraded, or replaced without affecting the entire blockchain network. The performance of the overall network is optimized by allowing modules to specialize in specific functions and communicating and interacting with other modules.


See also: #Blockchain, #Monolithic Blockchain

Monolithic Blockchain

A blockchain structured so that all functions are handled by a single chain or layer.


See also: #Blockchain, #Modular Blockchain

Moon

Slang
A scenario in which the price of a coin or token skyrockets to extraordinary levels.

Multi-Sig Wallet

A cryptocurrency wallet that requires multiple cryptographic signatures in order to process any transactions. The number of required signatures can be customized according to need when generating the wallet.
See also: #Wallet
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