Bitcoin Dictionary
Master essential Bitcoin terminology
Your Progress0 / 44 terms explored
All Topics (44)
Core Concepts (9)
Keys & Security (13)
Mining & Rewards (8)
Advanced (14)
Showing 44 terms
Core Concept
Bitcoin SV (BSV)
The original Bitcoin protocol
Core Concept
Altcoin
Any cryptocurrency other than Bitcoin
Core Concept
Blockchain
A digital, unchangeable record book
Core Concept
Fork (Hard/Soft)
Changes to blockchain protocol rules
Core Concept
Genesis Block
The very first block in the blockchain
Core Concept
Node
A computer that maintains the blockchain
Core Concept
Transaction
A transfer of value on the blockchain
Core Concept
UTXO (Unspent Transaction Output)
Chunks of Bitcoin you can spend
Core Concept
Microtransaction
Tiny payments made possible by low fees
Security
Wallet Address (P2PKH)
Your unique Bitcoin account number
Security
Cryptography
Mathematical techniques that secure Bitcoin
Security
Private Key
Your secret password to access Bitcoin
Security
Public Key
The mathematical pair to your private key
Security
Double Spend
Attempting to spend the same Bitcoin twice
Security
Safety & Security
Best practices for protecting your Bitcoin
Security
Phishing Scams
Fraudulent attempts to steal your credentials
Security
Rug Pulls
When project creators abandon and steal funds
Security
Ponzi Schemes / HYIPs
Fraudulent investment schemes promising unrealistic returns
Security
Pump & Dump
Artificial price manipulation schemes
Security
Seed Phrase
A backup phrase to recover your wallet
Security
Cold Wallet
Offline storage for maximum security
Security
Hot Wallet
Internet-connected wallet for daily use
Mining
Miner
Computers that secure the network
Mining
Proof of Work
The computational effort securing Bitcoin
Mining
Block Rewards
Payment miners receive for their work
Mining
Halving
Periodic reduction in mining rewards
Mining
Mempool
Waiting area for unconfirmed transactions
Mining
Mining Pool
Groups of miners combining their computing power
Mining
Cloud Mining
Renting mining power remotely (often scams)
Mining
Gas Fees / Transaction Fees
Cost to process transactions on the blockchain
Advanced
Smart Contracts
Self-executing agreements on the blockchain
Advanced
SDK & APIs
Developer tools for building on Bitcoin
Advanced
Tokenization
Representing real-world assets digitally
Advanced
NFT (Non-Fungible Token)
Unique digital assets on the blockchain
Advanced
Stablecoin
Cryptocurrency pegged to stable assets
Advanced
Metanet
A value-based internet built on BSV
Advanced
Teranode
BSV's next-generation scaling technology
Advanced
Airdrop
Free distribution of tokens to wallet addresses
Advanced
DeFi (Decentralized Finance)
Financial services without traditional intermediaries
Advanced
Staking
Locking cryptocurrency to earn rewards (not used in BSV)
Advanced
Layer 1 / Layer 2
Different levels of blockchain architecture
Advanced
OP CODES (Such as OP_RETURN)
Script commands that power Bitcoin's functionality
Advanced
Proof of Stake
Alternative consensus mechanism (not used in BSV)
Advanced
Wrapped Tokens
Tokens representing assets from other blockchains
