Scrypt
A memory-intensive hashing function devised to deter hacking attempts by necessitating substantial amounts of RAM. Litecoin utilizes Scrypt as an alternative to SHA-256.
Supercomputer
A computer known for its exceptional performance, far exceeding that of a standard computer.
Subchain
A separate blockchain that operates independently of a cryptocurrency’s primary blockchain, using the native currency to process transactions. Subchains enhance scalability by minimizing the data stored on the main blockchain, often referred to as the “parent chain.”
Shapeshift
An exchange service developed by Eric Voorhees, enabling users to anonymously trade a variety of altcoins for a minimal fee.
Speculator
An individual who anticipates future asset prices and places bets based on these predictions.
Staker
A person who willingly locks up a portion of their coins or tokens to validate transactions on a blockchain in exchange for staking rewards.
SPV mode
Stands for Simplified Payment Verification. This feature allows wallets to operate by connecting to local nodes possessing complete blockchain copies, eliminating the need to download the full blockchain (like Bitcoin Core).
Stop Order
Also known as a stop-loss order, this command triggers the buying or selling of a stock once it reaches a specified price, known as the stop price.
Scalability
The capacity of a cryptocurrency to accommodate an increasing number of users and handle escalating transactions.
Self-custody
The practice of retaining sole access and control over one’s digital assets, implying the management of one’s private key without involving a third party.