Glossary

Category description – Bitcoin was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.

Rekt

Reading Time: < 1 minute A sudden, dramatic drop in the price of an asset causes investors to get rekt.

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Public Key

Reading Time: < 1 minute Your public key is used to generate your wallet address to which people send you coins.

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Psyops

Reading Time: < 1 minute Behavior on social media that can give traders an edge over the competition. For example, a big trader may stay silent on their ownership of

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Proof of Work

Reading Time: < 1 minute Mining is the process by which participants in the Bitcoin network validate transactions and create new Bitcoin. In the original process, the Proof-of-Work method that’s

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Proof of Stake

Reading Time: < 1 minute In the process of mining, this concept means that the creator of the next block is chosen according to how many coins they lock up in

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Private Key​

Reading Time: < 1 minute The secret key to your wallet, that allows you to spend your coins which only you know. (Do not lose this or give it away!!)

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Pizza Day

Reading Time: < 1 minute On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. That day is celebrated

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Permissionless

Reading Time: < 1 minute You don’t need to ask anyone for permission to send a Bitcoin transaction, use an application on Ethereum or interact with any public blockchain in

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Paper Wallet

Reading Time: < 1 minute All you need to spend your Bitcoin is a private key, which you can even store on a paper wallet. While a paper wallet is

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