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.

Node

Reading Time: < 1 minute A computer that connects to and supports a cryptocurrency network by validation, relaying and recording transactions.

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NGU

Reading Time: < 1 minute Number Goes Up. Bitcoin enthusiasts joke that Satoshi embedded special NGU technology into Bitcoin when explaining its meteoric rise.

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NFT

Reading Time: < 1 minute An NFT is a digital asset that depicts real-world components such as art, music, in-game goods, and movies. They’re frequently encoded with the same software

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Network Fees

Reading Time: < 1 minute Every blockchain has a fee associated with sending a transaction which usually goes to the validators of the network. See also Gas.

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Multisig

Reading Time: < 1 minute Multi-sig, or multi-signature, is the requirement for two or more signatures on a transaction before it can be completed. Multi-sig is used in the Bitcoin

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Miner capitulation

Reading Time: < 1 minute An unproven theory that miners will turn off their hardware and sell their coins if Bitcoin falls below a certain price and mining becomes unprofitable.

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Miners

Reading Time: < 1 minute The process of creating new cryptocurrency coins. Usually associated with Proof-of-Work mining, which involves running energy-intensive hardware to produce new coins.

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Mempool

Reading Time: < 1 minute The Bitcoin Mempool is the Bitcoin network’s waiting room for all unconfirmed transactions before they are consolidated into blocks. On the Bitcoin network, transactions are

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Market Cap

Reading Time: < 1 minute Short for market capitalization. Measures the total worth of a project. Calculated by multiplying the price of a single coin by the amount of coins in the

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