Bitcoin Terms Beginning with N

A node is a discrete member of a network which interacts with other nodes to form the network. Bitcoin nodes store and validate the blockchain and exchange blocks and transactions with one another in order to maintain consensus.

Negative interest rates cause lenders to pay interest, rather than borrowers paying interest to the lender.

Neutrino is a proposed light client protocol which offers privacy and efficiency improvements over existing light client designs, notably Simplified Payment Verification (SPV).

A non-custodial solution, also known as a self-custodial solution, describes any method of storing bitcoin which does not give a third party access to a user’s private keys.

A nonce is a meaningless number which miners include in each block in order to change the hash of their block. The nonce is continuously changed until a valid hash or Proof-of-Work is found.