potential vs latency

potential and latency both are nouns.

Word	Noun	Adjective	Verb	Adverb
potential	Yes	Yes	No	No
latency	Yes	No	No	No

As nouns, latency is a hyponym of potential; that is, latency is a word with a more specific, narrower meaning than potential:

Other hyponyms of potential include chance, prospect.

potential (noun)	latency (noun)
the difference in electrical charge between two points in a circuit expressed in volts	the state of being not yet evident or active
the inherent capacity for coming into being	the time that elapses between a stimulus and the response to it
	(computer science) the time it takes for a specific block of data on a data track to rotate around to the read/write head

potential (adjective)	latency (adjective)
existing in possibility
expected to become or be; in prospect