transaction

Cryptocurrency Glossary

What is P2P (Peer to Peer)?

P2P is an abbreviation for Peer to Peer. It is a network in which individual terminals (Peer) trust each other withou...
Cryptocurrency Glossary

What is Child Pays For Parent (CPFP)?

CPFP stands for "Child Pays For Parent". Since the first transaction (parent) is not easily approved, the second tran...
Cryptocurrency Glossary

What is Confirmation?

Confirmation refers to a transaction being included in a new block. The state in which a transaction has not been incorp...
Cryptocurrency Glossary

What is Proof of Work (PoW)?

Proof of work (PoW) is a method of consensus building among an unspecified number of participants (consensus algorithm)....
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 TxOut?

TxOut refers to a withdrawal in a transaction. Tx stands for "transaction". The antonym for TxOut is TxIn. A Bi...
Cryptocurrency Glossary

What is Segwit?

Segwit is an abbreviation for Segragated Witness. It is one of the solutions to the scalability problem faced by cryp...
Cryptocurrency Glossary

What is a Bitcoin Address?

A bitcoin address is like an account number for a bank, and is used to send and receive bitcoins. However, in the cas...
Cryptocurrency Glossary

What is Scalability Problem?

Scalability issues are a phenomenon that causes a decrease in the speed of virtual currency transactions and a rise in f...
Cryptocurrency Glossary

What is Transaction Fee?

Transaction Fee is the fee charged for sending Bitcoin and other cryptocurrency transactions. In Bitcoin (BTC), trans...
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