Cryptocurrency Glossary

What is Mining?

Bitcoin compiles new transactions and adds them to the blockchain while maintaining the integrity and accuracy of the pr...
Cryptocurrency Glossary

What is Miner?

The people who perform the work (mining) of approving the successful completion of Bitcoin transactions. Miners receive ...
Cryptocurrency Glossary

What is Private Key?

Private Key is a piece of confidential data that proves that you are the owner of a cryptocurrency. It is also known as ...
Cryptocurrency Glossary

What is Public Key?

Public Key is a key that is disclosed to a third party in the process of transferring bitcoins. It is a pair of a "pr...
Cryptocurrency Glossary

What is XBT?

XBT is the currency unit of Bitcoin. BTC is the most common, but the unit "XBT" is also sometimes used. The U.S. d...
Cryptocurrency Glossary

What are Satoshi, mBTC and μBTC?

Satoshi is the smallest unit of Bitcoin (BTC). The minimum unit of Bitcoin (BTC) is 0.00000001 BTC, which is called "...
Cryptocurrency Glossary

What is an ICO (Initial Coin Offering)?

ICO is an abbreviation for Initial Coin Offering. It is a means by which a company or business project that wants to ...
Cryptocurrency Glossary

What is BIP (Bitcoin Improvement Proposals)?

BIP stands for Bitcoin Improvement Proposals. It is a document that summarizes various proposals through discussions ...
Cryptocurrency Glossary

What is Bitcoin Core?

Bitcoin Core is an open source program for mining and trading Bitcoin. The reference can be downloaded from "bitcoin....
Cryptocurrency Glossary

What is Byzantine General Problem?

Byzantine General Problem is an example of the difficulty in building consensus among the nine units of the Byzantine Em...
Copied title and URL