A 10k NFT collection is a collection of digital art created on the blockchain. It consists of 10,000 Non-Fungible Tokens (NFTs), which are unique digital assets that are stored on…
A 12-word seed phrase, also known as a recovery phrase or a mnemonic seed phrase, is a set of words that are used to securely back up private keys. Private…
A 160-bit number is a numerical representation using a total of 160 bits. A bit is the smallest unit of data in computer science, consisting of a 0 or 1.…
A 24-word seed phrase (also known as a recovery phrase) is a set of words that is used to generate a secure private key for a cryptocurrency wallet. It is…
256-bit refers to the size of the cryptographic key used in encryption algorithms. In computing, encryption is the process of converting plain text into a coded message that can only…
A 51% attack is an attack on a blockchain network where an attacker gains control of more than 50% of the network's computing power or hash rate. This allows them…
Aave is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrencies without the need for a central authority. The platform operates on the Ethereum blockchain and…
A wallet address is a string of alphanumeric characters that represents a destination on the blockchain network. This address is where cryptocurrency can be sent to and from and simply…
Altcoins are any cryptocurrencies that exist in addition to Bitcoin. These alternate coins use decentralized control, a similar method to that of Bitcoin. They also have their own independent blockchain.…
Anonymity in the context of cryptocurrency refers to the unique ability of one user to remain hidden from the public. This means that no one outside of their virtual wallet…
An Antminer is a specialized piece of hardware used for cryptocurrency mining. It is a computer specifically designed to earn cryptocurrency by solving mathematical problems. Antminers are typically manufactured by…
An API (Application Programming Interface) is essentially a set of protocols and tools for building software applications. It allows different software components to interact and communicate with each other. An…
An Application-Specific Integrated Circuit (ASIC) miner is a computer system specifically designed and built to mine cryptocurrency. ASIC miners are significantly faster and more efficient than traditional mining devices, such…
Asymmetric encryption, also known as Public-Key cryptography, is a form of data encryption that relies on a pair of two keys: a public key and a private key. The public…
Authenticity is one of the most important aspects of blockchain technology. Authenticity is an assurance that a digital asset is real and genuine. It’s like a digital signature of sorts…
Base58 is an encoding system used in cryptocurrency networks to convert large numbers into smaller, less seemingly random strings of characters. It is a method of encoding data that is…
Base58Check is an encoding algorithm that is used to convert data into a compact, human-readable format that is resistant to errors. It is a variation of the Base58 encoding algorithm,…
Bech32 is a SegWit address format developed by Bitcoin Core developer Pieter Wuille. Bech32 is a human-readable address format that can be used to both send and receive cryptocurrency payments.…
BerkeleyDB (BDB) is a family of embedded database libraries providing scalable high-performance data management services. It was initially created by Sleepycat Software, then later publicized and managed by Oracle Corporation.…
Binance Coin (BNB) is an ERC 20 token created by the leading cryptocurrency exchange, Binance. It was launched in July 2017 and has since become one of the most widely…
BIP39 is a standard used in most cryptocurrency wallets to help people keep their transactions secure. It stands for "Bitcoin Improvement Proposal 39," and it defines a set of easy-to-remember words that represent a complete seed…
Bitcoin is a digital currency that operates without centralized authorities such as the government, financial institutions or banks. It was invented in 2008 by an anonymous person or group known…
A bitcoin accelerator is a service that allows users to send their unconfirmed bitcoin transactions to a specialized pool of miners. They will then prioritize them when they are mining…
A Bitcoin ATM is a machine that allows users to buy and sell cryptocurrencies for cash. This type of machine is a convenient alternative to online exchanges because it allows…
Bitcoin Core is a full node implementation of the Bitcoin protocol. It is written in the programming language C++, and serves as an open source software for node-based bitcoin transactions.…
The bitcoin halving is a process that occurs every 210,000 blocks and reduces the rewards miners receive for mining new bitcoins. This process is designed to control the supply of…
The Bitcoin network is a decentralized digital currency system that was designed to enable online payments, with greater levels of privacy and freedom. Bitcoin is a peer-to-peer network, meaning that…
The Bitcoin protocol is a set of rules and regulations governing how the Bitcoin network operates. It is an ever-evolving, decentralized system with no central authority that enables users to…
The Bitcoin Whitepaper is a document written by the mysterious Satoshi Nakamoto, the creator of Bitcoin. Released in 2008, it remains one of the most important documents in cryptography and…
Bitcoin Core and Bitcoin-Qt are two terms used interchangeably to refer to the same software, which is the original full-node Bitcoin wallet software. However, there is a difference between the…
A block is a unit of data or digital codes stored on a distributed ledger known as blockchain. These blocks are added to the blockchain in chronological order to create…
The block reward is a reward given to miners who validate a block in the blockchain. Essentially, it is a form of incentive for users to participate in the network…
Block size in crypto is the maximum amount of data allowed in a single block on a blockchain network. It’s used to control how much data each block contains, and…
The Blockchain is an immutable, consensus-driven ledger of transaction data which is recorded and stored in a chain of connected blocks. Each block is a digital record of past transactions,…
A blockchain explorer is a type of software or website that allows users to search and explore through data stored in a blockchain ledger. This includes both transactions and their…
"Blocks-first" refers to a method of synchronizing with the Bitcoin blockchain where the client downloads and verifies full blocks of transactions. This is done in sequential order from the genesis…
Bitcoin is a digital, decentralized currency. The most distinctive feature of this form of money is that it does not rely on a central bank or government. They cannot value…
The Byzantine Generals Problem is a classic computer science problem which attempts to model the difficulty of synchronizing different distributed systems. It was first proposed in 1982 by Leslie Lamport,…
Case sensitivity in crypto addresses refers to the fact that some crypto addresses are, indeed, case sensitive. This means that when sending or receiving crypto, it is important to ensure…
Central authority refers to any political entity in a given society that exercises ultimate control over that society. It is the highest governing power within its jurisdiction, usually represented by…
Centralization is the practice of concentrating resources and decision-making power in a single place. In a centralized organization, most or all decision-making authority rests in the hands of one leader,…
Checksums are a type of code used in cryptocurrency addresses to ensure that payments are going to the right destination. They are also used to prevent sending or entering incorrect…
Child-Pays-for-Parent (CPFP) is a transaction process that can eliminate the issue of unconfirmed transactions or “stuck” transactions. A common issue for users of digital currencies is the occurrence of unconfirmed…
A coin mixer is an online service used to mix cryptos/coins. In general, it is a platform that allows users to make their crypto transactions more anonymous. It works by…
A cold wallet is a type of cryptocurrency wallet that is designed to keep the private keys offline, thereby minimizing the risk of hacking, theft, or loss. Private keys are…
Computational power, or hash rate, is the term commonly used to describe how powerful a given computer is when mining bitcoin. It is essentially a measure of how quickly a…
A confirmation is the process of ensuring that a blockchain transaction has been successfully processed by the network and is highly unlikely to be reversed. This means that a transaction…
A consensus mechanism is a critical process used by decentralized networks to ensure all network participants agree on the current state of the network. Different consensus mechanisms, such as Proof-of-Work…
CPU mining is the process of using a central processing unit (CPU) to help complete a block during the mining process. CPU mining is done using a single-core processor typically…
The term crypto is referred to all types of technologies that have evolved from blockchain technology. They are all based on cryptography, a branch of mathematics used to securely store…
A crypto exchange is a platform that allows users to trade cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin. Essentially, a crypto exchange acts as an intermediary between buyers and sellers,…
A crypto recovery service is a service that helps customers regain access to lost or stolen digital assets such as private keys, wallets, cryptocurrency, etc. It’s like a lifeguard that…
Crypto winter refers to a period of sustained bearish sentiment in the cryptocurrency market, characterized by downturns in prices and trading volumes. During crypto winter, only the strongest projects and…
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it impossible to counterfeit or double-spend. Cryptocurrencies are decentralized networks based on blockchain technology—a distributed…
Cryptography is the practice of taking plaintext and encoding it into a secret form of data, known as ciphertext. The process of encryption and decryption (which is the method of…
A custodial wallet is a type of digital wallet in which a third party stores and manages the user’s assets -- usually cryptocurrencies like Bitcoin. This means that the user…
DAI is a decentralized stablecoin that is pegged to the value of the US dollar. It is created and managed by MakerDAO, a decentralized autonomous organization built on the Ethereum…
A Decentralized Autonomous Organization (DAO) is a type of organization created by a group of people that operates independently of any authority. It is an automated system that uses blockchain…
Decentralized apps, commonly referred to as dapps, are applications that are built on a decentralized network such as a blockchain or distributed ledger. Dapps are typically open source, meaning that…
Decentralization is the process to distribute power, functions and decision-making away from a single and centralized authority to a decentralized system. When an organization adopts decentralization, the control over various…
A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a peer-to-peer (P2P) network. It allows users to trade cryptocurrencies without the need for a central authority…
Decryption is the process of restoring encrypted data back to its original form. It is the reverse operation of encryption, which is the process of encoding data with a special…
Decentralized Finance (DeFi) is a concept that utilizes the blockchain to create a transparent financial ecosystem that operates in a decentralized manner. It eliminates the need for intermediaries such as banks…
A digital signature is a type of electronic signature that is used to authenticate data sent over the Internet. It is designed to ensure that the data has not been…
Divisibility is the ability to divide different goods, in this case money, into smaller monetary units. A coin or a paper note needs to be divided into smaller units to…
Double-hashing is a type of hashing algorithm that combines two separate hash functions to produce a single result. It is used in computer science and cryptography as a hashing technique…
The double-spending problem is one of the major issues that every digital currency faces when it is transferred between peers over a distributed network. If a malicious user is able…
A dropped transaction occurs when a cryptocurrency transaction is not verified and is essentially dropped from the network. This can be due to a variety of reasons, such as a…
The Digital Signature Algorithm (DSA) is an algorithm used for creating digital signatures in public key cryptography. It was developed as part of the U.S. Government's Capstone project, an initiative…
ECDSA (Elliptic Curve Digital Signature Algorithm) is a widely-used cryptographic algorithm that is used to provide digital signatures. It also ensures the integrity of data in a secure and efficient…
Encryption is a process of transforming data using an algorithm and a shared key to make the data unreadable to anyone except the intended recipient. Encryption has been used for…
ERC-20 is a set of technical standards used for smart contracts on the Ethereum blockchain for implementing tokens. Specifically, ERC-20 defines a set of rules that all Ethereum tokens must…
ERC-271 is a non-fungible token (NFT) standard used in blockchain development, particularly in the Ethereum environment. It establishes a set of rules and standards for the creation and management of…
Ether (ETH) is the native cryptocurrency of the Ethereum network and is the fuel for running smart contracts on the Ethereum blockchain. It is used to pay transaction fees for…
Ethereum is an open source blockchain platform designed to support the development of decentralized applications (DApps). It makes it possible for developers to create and deploy incredible blockchain-based projects with…
Ethereum Virtual Machine (EVM) is a decentralized computing platform designed to enable the execution of arbitrary code in a secure and trustless environment. This makes it possible to use the…
Fiat money (”fiat”, Latin for “let it be done”) is another term for our traditional money like USD, EUR or GBP. It is issued by governments in the form of…
A full node is a computer that validates and relays transactions on the Bitcoin network. These nodes allow the Bitcoin network to remain independent and secure. When connecting to the…
Ganache is a popular and adaptable software tool used in blockchain development, particularly in the Ethereum environment. Ganache, which acts as a personal blockchain emulator, allows developers to create and…
Gas fees are the fees required for processing transactions on the Ethereum network. In Ethereum, these fees are paid in ether (ETH), which is the cryptocurrency of Ethereum. When a…
The Bitcoin Genesis Block is the first block in the Bitcoin blockchain network, which serves as a record-keeping system for all Bitcoin transactions. It was created by Satoshi Nakamoto on…
A Genesis NFT is a unique digital asset that is created as part of the launch or initial offering of a blockchain-based platform or ecosystem. In other words, it is…
GPU Mining is a process by which people can use the graphics processing unit (GPU) connected to their computers to mine digital currencies. GPUs, unlike CPUs, are designed specifically to…
Gwei is a unit used in the Ethereumblockchain to represent the cost of gas, which is the fee paid for processing and validating transactions on the network. Gas is measured…
A hard fork is a type of software change that splits the existing blockchain into two separate chains. This occurs when there is a disagreement among miners, developers, and other…
A hardware wallet is a physical device that securely stores cryptocurrencies and other digital assets. This type of wallet is designed to provide users with a secure, offline storage solution…
A hash, also known as a message digest, is a type of mathematical algorithm that takes an input of any size and produces an output of a fixed size. The…
A hash function is a mathematical algorithm which takes an input (such as a string, file or other data) and produces a numerical output known as a “hash”. These hash…
Hash rate, refers to the computing power used to produce cryptocurrency. It is a measure of the amount of computing power being used to mine cryptocurrency blocks, with a higher…
A hashboard is an essential component of any cryptocurrency mining rig. It is composed of mining chips, power supplies, and heatsinks, and is responsible for performing calculations related to cryptocurrency…
At its core, hashing is a one-way encryption process that converts a set of characters (usually text) into a fixed-length hash value. The hash value is then used to verify…
Headers-first is a download process for initializing a blockchain using only the block headers. It is achieved by allowing for a more efficient and faster download of blocks from the…
Hexadecimal is a number system composed of sixteen distinct symbols. It is often used in computing and other digital applications. In this system, the base-16 counting system is used, instead…
Holding your own keys when it comes to cryptocurrency is an important concept to understand. It means that you, as the user, are responsible for safeguarding your own private key.…
A hosted wallet is a type of cryptocurrency wallet that is hosted by a third-party service provider. This third-party provider can be either a private entity or an exchange. In…
A hot wallet is a digital wallet that is connected to the internet and designed to store and manage cryptocurrencies. It is also known as an online wallet and is…
HTTP (Hypertext Transfer Protocol) is a protocol for transmitting data over the internet. It is the foundation of the World Wide Web and the primary method of communication between web…
The initial blockchain download is the process of downloading the complete blockchain data of a specific cryptocurrency or blockchain. This data download is necessary in order to interact or transact…
An ‘Initial Coin Offering (ICO)’ is an unregulated way of fundraising for new cryptocurrency projects. Typically, an organization releases a new cryptocurrency or token to investors in exchange for established…
Intellectual property is the legally protected form of any creative idea or expression of the mind. It refers to the results of intellectual activities in the industrial, scientific, literary and…
An intermediary is an entity that provides a link between two or more parties for the purpose of exchanging information, resources, or products. This can include organizations, such as banks,…
Intrinsic value is an important concept across multiple disciplines, from finance to moral philosophy. Intrinsic value refers to the inherent worth or value of something, apart from its monetary or…
Inter-process communication (IPC) is a method of communication between processes on the same machine. In the context of Web3 development, IPC is used to enable communication between a decentralized application…
IPFS, short for Interplanetary File System, is a cutting-edge distributed file system that represents a groundbreaking leap forward in how data is stored. Unlike traditional file systems that rely on…
Kovan is a public test network for the Ethereum blockchain, similar to Rinkeby and Ropsten. It was launched in 2017 as an alternative to Ropsten, which was experiencing a high…
KYC, or 'Know Your Customer', is a process used by businesses to verify the identity of their customers. The practice is typically used by financial institutions, in order to prevent…
Latency in crypto mining refers to the delay that occurs between when a miner initiates a computational task and when the result of that task is received. This delay can…
Lazy minting is a concept in the world of non-fungible tokens (NFTs) that allows NFT creators to delay the actual creation of an NFT until it is sold. Traditionally, when…
Bitcoin Legacy address is an older version of address formats used in Bitcoin. It was the first address format used in Bitcoin after the release of its original software. This…
LevelDB is a library that provides a high-performance key-value storage store. It is an open source, cross-platform storage library developed by Google with the goal of creating a fast and…
The lightning network is a second layer payment protocol, built on top of a blockchain, that enables users to make fast and secure payments with lower fees. It does this…
Bitcoin is a global digital currency based on a peer-to-peer network. It was created to provide a way to transfer money without the need for banks or middlemen. Bitcoin transactions…
Litecoin is a digital, decentralized currency that enables quick payments over the internet. It originated as a source code fork of the Bitcoin Core client. It is open source and…
The mainnet of Bitcoin is much like a computer network and is the main network where Bitcoins are sent and received. It is the decentralized network that allows transactions to…
Market capitalization (also referred to as market cap) is a term used to describe the total value of a company’s publicly traded shares. It is calculated by multiplying the total…
A mempool is a data structure which stores unconfirmed transactions sent by users to the Bitcoin network. It acts as a temporary, unsorted holding area before transactions are added to…
A Merkle root is a value used to summarize all the transactions in a specific block of a blockchain network. It is also known as a digital fingerprint or hash.…
Merkleized Abstract Syntax Tree (MAST) is a technique used to improve the efficiency and flexibility of Bitcoin's scripting language. MAST allows for more complex smart contracts by breaking them down…
Metadata is often referred to as "data about data". It is used to describe, explain and make sense of the information contained in a larger data set. Examples of metadata…
Metaverse is a term that refers to the virtual universe created by computers and the Internet. It takes many forms such as video games, virtual reality, augmented reality and other…
Micro-payments are digital payments that are typically considered to be small, often less than one dollar. They can be used as an alternative to traditional payment methods and can be…
Mining is the process of verifying transactions on a distributed public ledger known as a blockchain. Every cryptocurrency has its own corresponding blockchain, and miners are responsible for ensuring that…
Mining difficulty is an important metric to consider when it comes to successfully mining cryptocurrency. In essence, it describes how difficult it is to find a block in a miner’s…
A mining farm is a large-scale facility dedicated to the mining of cryptocurrencies such as Bitcoin and others. It typically consists of numerous high-powered computers or ASICs (application-specific integrated circuits)…
A mining pool is a system whereby groups of miners pool their resources together to increase their chances of successfully mining a block and earning rewards. By combining their resources,…
A Mining Rig is a computer system specifically designed to mine cryptocurrency such as Bitcoin. A mining rig is made up of a Processor, a Graphics Processing Unit (GPU), and…
Minting an NFT (Non-Fungible Token) is the process of creating a unique digital asset that exists on the blockchain. An NFT is a unique digital asset that is created and…
Multi-signature (Multi-Sig) is an advanced cryptographic technique that provides enhanced security by requiring more than one key to authorize a transaction. In the context of Bitcoin, this means that multiple…
Blockchain network congestion refers to a particular problem that arises due to the limitations of blockchain-based networks. Blockchain networks, such as those used for cryptocurrency transactions, process transactions in blocks.…
An NFT is a on-fungible token, a unique digital asset built on the blockchain. It is a type of digital asset that operates similarly to Bitcoin, Ethereum, and other popular…
An NFT Bulk Uploader is a tool that simplifies the process of creating Non-Fungible Tokens (NFTs). It enables users to quickly and easily upload a bulk list of tokens with…
An NFT collection is a collection of Non-Fungible Tokens (NFTs) that are based on blockchain technology. NFTs are digital assets that are verified and tracked on a blockchain, similar to…
An NFT Generator is a tool used to create Non-Fungible Tokens (NFTs). NFTs are digital assets that have become increasingly popular in the blockchain space. They are digitally unique, non-interchangeable…
An NFT Marketplace is a virtual space where users can view, buy, and sell digital collectibles, referred to as “Non-Fungible Tokens” (NFTs). NFTs are unique digital assets with inherent scarcity,…
A non-custodial wallet is a type of digital wallet that enables users to have full control over their private keys and cryptocurrencies. This means that users don't need to rely…
A nonce is a number used only one time for security in cryptography or encryption algorithms. A nonce is an abbreviation for ‘number used once’ and is a type of…
Ordinals provide a way to uniquely identify and track individual satoshis within the Bitcoin blockchain. This can be useful for a variety of applications, such as tracking the ownership and…
The Ordinal Theory is a framework for assigning individual identities to satoshis, the atomic units of the Bitcoin cryptocurrency. This allows each satoshi to be tracked, transferred, and imbued with…
Overclocking is the process of running a computer component at a higher speed than it was rated for. Generally, this involves the processor, graphics card, and sometimes RAM. Overclocking can…
A peer-to-peer (P2P) exchange is a decentralized digital marketplace that allows users to buy and sell cryptocurrencies directly to one another. There is no need for a third-party intermediary. Unlike…
Pay-to-Public-Key-Hash (P2PKH) is an address starting with the number ‘1’ and is used to send Bitcoin to a single person. The address is a cryptographic public key that is derived…
Pay-to-Script-Hash (P2SH) is a protocol which enables the sender to submit a cryptographic hash of a script, instead of the script itself, to the recipient. In other words, P2SH allows…
Pay-to-Taproot (P2TR) is a new protocol in the Bitcoin network designed to increase the privacy, efficiency and scalability of payments in the Bitcoin network. The protocol uses a combination of…
Pay-to-Witness-Public-Key-Hash (P2WPKH) is one of several types of Bitcoin transactions used to spend funds on the Bitcoin network. P2WPKH is a version of “pay-to” transactions that utilize SegWit (segregated witness)…
Pay-to-Witness-Script-Hash (P2WSH) is a new feature that was introduced to the Bitcoin protocol in 2017. It was created to address privacy and scalability issues with the original P2SH address format.…
A paper wallet is a method of storing cryptocurrency, such as Bitcoin or Ethereum, offline by printing out the private and public keys on a piece of paper. It is…
Peer-to-peer (P2P) is a concept which facilitates the exchange of information and data directly between two or more users. This type of network has no centralized entity or server and…
A Ponzi scheme is an investment fraud in which money invested by individuals is used to pay out the earlier investors in the scheme. It is named after Charles Ponzi,…
A Power Supply Unit (PSU) is an important component of the crypto mining setup. A functioning PSU is needed to provide the electrical power required by the miner hardware to…
Privacy in the realm of cryptocurrencies refers to the property of data obfuscation. In the traditional world when we transact with cash or cards, our financial information is exposed to…
A private key is a unique code associated with a Bitcoin wallet. The private key serves as a kind of password, allowing only access to the funds in the wallet…
Proof-of-Authority (PoA) is a consensus algorithm used in blockchain networks that allows for the validation of transactions and the creation of new blocks. Unlike other consensus algorithms like Proof-of-Work (PoW)…
Proof-of-History (PoH) is a novel consensus mechanism introduced by Solana, a high-performance blockchain platform. At its core, PoH is a time-keeping mechanism that creates a historical record of events in…
Proof-of-Ownership is an important concept within blockchain technology. It refers to the ability to verify ownership of a digital asset, such as a cryptocurrency. This is usually accomplished through the…
Proof-of-Stake (PoS) is a consensus mechanism used in blockchain technology to achieve distributed consensus or agreement among different nodes on the network. It offers an alternative to the traditional Proof-of-Work…
Proof-of-Work (PoW) is a consensus algorithm that is used to create distributed trustless systems. In a Proof-of-Work system, participants compete against each other to solve complex mathematical puzzles in order…
Prune mode is a feature in Bitcoin Core that allows users to reduce their disk usage by removing blocks from the local copy of the blockchain (“pruned”). When pruned, only…
Pseudonymity is a concept that is unique to the cryptocurrency world. It is the idea of using an alias or a pseudonym as a part of a monetary transaction. Pseudonymity…
A public key is a unique string of characters that serves as a user’s virtual address on the Bitcoin network. The public key is used to receive funds from anyone…
Public keys in public key cryptography are used to encrypt messages or verify digital signatures. Typically, public keys are represented as a pair of coordinates on an elliptic curve. There…
A public ledger is a digital record-keeping system used to verify and store the details of transactions, usually financial transactions. It records details such as who sent the money and…
Public-Key cryptography is a type of cryptography that uses two keys – one public and one private. These keys are mathematically linked but are different, allowing them to securely encrypt…
A qubit (or quantum bit) is a unit of quantum information that allows for quantum computing, which can process data faster than traditional computing methods. It is the basic unit…
The regtest (Regression Test Network) is a feature of the Bitcoin Core software, allowing developers to run Bitcoin simulation tests in a local environment. This particular feature allows developers to…
Remote Procedure Call (RPC) is a protocol used by Bitcoin Core to enable clients to communicate with a Bitcoin node remotely. RPC allows clients to issue commands to a Bitcoin…
Replace-by-Fee (RBF) is a protocol-level mechanism that allows users to replace unconfirmed Bitcoin transactions with a new one. This can be done for a variety of reasons, such as if…
A replaced transaction is a transaction in the cryptocurrency world that has been replaced by a transaction with a higher fee, or that has been canceled. When someone sends a…
A replay attack, in cryptography, is a malicious effort to steal sensitive information by ‘replaying’ a legitimate command or transaction. It typically requires the same cryptographic parameters used in the…
Rinkeby is a public test network for the Ethereum blockchain, similar to Ropsten and other Ethereum test networks. Rinkeby is designed to provide developers and users with a safe and…
RIPEMD160 is a cryptographic hash function that was developed in the mid-1990s as a replacement for the earlier, weaker MD4 and MD5 hash functions. The name "RIPEMD" stands for "RACE…
Ripple is a popular cryptocurrency and digital payment platform founded in 2012. Ripple provides an easy and secure platform to send, receive, and store digital assets, including cryptocurrencies like Bitcoin…
Ropsten is a test network for the Ethereumblockchain and it is one of several test networks that developers can use to test their Ethereum applications. They can test smart contracts…
Royalties in Non-Fungible Tokens (NFTs) refer to a form of passive payment given to the creator of an asset whenever that asset is bought, sold or used. Such payments, generally…
RSA is a type of encryption used to secure data and prevent unauthorized access. It works by using a public key, which is accessible to anyone, and a private key,…
A satoshi is the smallest unit of Bitcoin. It is the equivalent of a hundredth of a millionth BTC or with 100 million satoshis per Bitcoin. This denomination was named…
Satoshi Nakamoto is the pseudonym used by a person or a group behind the successful cryptocurrency Bitcoin. The identity of Nakamoto has yet to be uncovered and remains one of…
Scam is a form of fraud involving deception into, often monetary gain. It’s conducted via email or phone, and targets unsuspecting individuals who lack sufficient expertise or knowledge to realize…
A Schnorr signature is a type of digital signature scheme used in cryptography and blockchain technology, named after its inventor, Claus-Peter Schnorr. It is an alternative to the widely-used ECDSA…
A Bitcoin script address is a sequence of letters and numbers used to represent a particular public key or script in the Bitcoin network. These addresses can be used to…
SECP256K1 is a specific elliptic curve used to create digital signatures in Bitcoin transactions. It is based on the secp256k1- defined elliptic curve that was proposed by Certicom Research in…
A seed phrase, also known as a recovery phrase or backup phrase, is a list of words that store all the information needed to recover a Bitcoin wallet. Seed phrases…
SegWit, or Segregated Witness, is a core technology upgrade deployed to the Bitcoin network in order to improve scalability and reduce transaction fees. Through this upgrade, the Bitcoin blockchain is…
A SegWit address, also known as a Segregated Witness address, is a type of Bitcoin address that uses a specific transaction format known as Segregated Witness. This format was implemented…
SHA-256 is a cryptographic hashing algorithm that is used for generating a 256-bit hash value from any given data. This hash value can be used to verify the integrity and…
Smart Contracts are self-executing digital agreements written on a blockchain protocol. To put it simply, a Smart Contract is a computer program that can automatically execute the terms of a…
A soft fork is a software fork in a blockchain protocol where nodes that support the older software version continue to be able to process new transactions. This means new…
A software wallet is an electronic wallet or digital wallet that allows users to store, send and receive digital currencies like Bitcoin. The wallet acts as a secure holding place…
Solidity is a high-level programming language used to develop decentralized applications (DApps) and smart contracts on the Ethereum blockchain. It was proposed in mid 2014 by the Ethereum Foundation in…
The Social Security Number (SSN) is a nine-digit number issued by the Social Security Administration to identify an individual for tax and other purposes. It is used to track individual…
Stablecoins are a type of cryptocurrency designed to minimize price volatility. Unlike other cryptocurrencies, which are subject to strong swings in value, stablecoins maintain a consistent value relative to a…
Staking is an increasingly popular concept in the crypto space that allows you to earn rewards for simply holding your crypto assets. It utilizes a proof-of-stake system which rewards users…
A Sybil attack is an insidious form of attack that occurs in distributed systems, where multiple nodes or users come together to reach a common objective. To facilitate collaboration among…
Symmetric encryption is a type of encryption that uses the same key for encrypting and decrypting data. This means that the same key is used to encrypt data when it…
Taproot is a proposed upgrade to the Bitcoin protocol that seeks to improve the privacy, scalability and security of Bitcoin transactions. Taproot brings a layer of privacy and smart contract-like…
A Taproot address is a new type of Bitcoin address that improves the privacy, security, and efficiency of Bitcoin transactions. This address is a specific type of output script in…
Tapscript is a scripting language for Bitcoin that was introduced as part of the Taproot soft fork. It is a more flexible and powerful scripting language than the legacy Bitcoin…
A target hash, often referred to as a hash target or simply hash, is a numerical representation of a set of data. A target hash is used in various cryptography…
Testnet, or Test Network, is a Bitcoin network used primarily for testing and development purposes. Its genesis block was created in 2011 to support software development related to Bitcoin transaction…
Tether (USDT) is a cryptocurrency token issued on the Bitcoin blockchain through the Omni Layer Protocol. It is also known as a stablecoin because its value is meant to always…
A timestamp is a piece of data that records the exact date and time at which a particular transaction or block was added to the blockchain. The blockchain is a…
A token is a digital asset that exists on a blockchain network, typically representing a fungible and tradable good, service, or asset. Tokenization is the process of representing traditional physical…
Total hash rate is a measure of how much total computing power is being used to mine cryptocurrency. It is measured in hashes per second and is an indication of…
Transaction fees are associated with every crypto transaction and are paid to the miner or staker who successfully verifies it and adds it to the blockchain. Transaction fees, also known…
Blockchain transaction history is a digital log of the transactions that have taken place within a blockchain network. It is an immutable, distributed ledger that records and stores information about…
Transaction malleability in Bitcoin refers to the ability of an attacker to modify the transaction ID (TXID) of a Bitcoin transaction. It happens without changing its validity or impacting its…
A transaction is a digital exchange of value between two parties, also known as peer-to-peer (P2P). It uses a distributed ledger, known as a blockchain, to track and verify transactions.…
Turing-completeness is a central feature of the Ethereum blockchain platform. In contrast to Bitcoin, which is primarily designed to facilitate secure transactions, Ethereum is designed to be a decentralized platform…
A transaction ID (TXID) is a unique identifier that is assigned to each transaction on the Bitcoin blockchain. The TXID is generated using a cryptographic hash function that converts the…
In Ethereum, a transaction hash (txn hash) is a unique identifier that is generated for each transaction that is executed on the Ethereum network. It is a 64-character hexadecimal string…
Undervolting is a process that involves deliberately reducing the voltage supplied to a computer processor in order to achieve greater energy efficiency. Lowering the voltage typically results in lower power…
USD Coin, commonly abbreviated as USDC, is a stablecoin that is anchored to the U.S. dollar. Stablecoins are a type of cryptocurrency that seek to maintain a stable price, and…
UTXO, short for "Unspent Transaction Output," is a core concept in blockchain technology. In a blockchain, a UTXO represents a specific amount of cryptocurrency that has been assigned to a…
Bitcoin transaction validation is the process used to verify the authenticity and accuracy of a transaction before it is added to a blockchain. This process is done through a decentralized…
Volatility is the rate at which the prices of assets and commodities fluctuate, typically expressed in terms of standard deviation from the mean. It is used by traders and investors…
A crypto wallet is a digital wallet that allows users to securely store, exchange, and manage their cryptocurrencies. A crypto wallet is made up of two cryptographic keys – a…
A crypto wallet password is an important security measure that helps protect a user’s blockchain-based assets. The wallet password functions as an encryption key and is used to unlock a…
A wallet provider is a service that allows users to securely store, send, and receive digital assets, such as cryptocurrencies. A wallet provider typically provides a software platform that stores…
A wallet.dat is a file introduced by the original Bitcoin Core client and is used to store sensitive information associated with the user’s Bitcoin wallet. The wallet.dat file includes the…
Web1, also known as the first generation of the World Wide Web, traces back to the late 1980s, a time when the internet was still in its infancy. Cyberspace was…
Web2 is an umbrella term that encompasses a range of web-based technologies, platforms, and tools designed to improve the way people interact with websites. It emerged in the early 2000s,…
Web3, often referred to as "the decentralized internet," is the latest iteration of the internet. It is an internet system built on top of distributed ledgers and peer-to-peer networks, such…
WebSocket is a bi-directional, full-duplex communication protocol that enables real-time communication between the server and the client. Unlike HTTP, which uses a request-response model, WebSocket allows data to be transmitted…
Wallet Import Format, or WIF-Format, is a system for securely storing Bitcoin private keys in a text-based format. Private keys are large random numbers used to generate public keys, which…
A zero-confirmation transaction describes a transaction on a blockchain or any form of public ledger that has not yet been confirmed by the consensus protocol. In essence, it is a…
