Bitcoin

Address

Address is a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. A cryptocurrency address can be shared publicly in the form of text or QR code to those who want to send you cryptocurrency.                                                                             

Ashdraked

A situation where you lose all your money, more specifically when you lose all your money shorting Bitcoin. This was based on a story of a Romanian trader who continued to short BTC when it went from $300 to $500, since he had made a lot of profit doing so historically. Adapt your trading strategy!

ATH

The term “All-Time High” relates to the highest price that an asset has achieved on an exchange, for the current trading pair that is being referenced. For example, if a share of stock in XZY Corp comes to IPO at a price of $5 per share, then trades as high as $20 per share, before falling to $10 in a certain period of time, we could say that the “All-Time High” for the XZY Corp share price was $20.

Attack 51%

If more than half the computer power or mining hash rate on a network is run by a single person or a single group of people, then a 51% attack is in operation. This means that this entity has full control of the network and can negatively affect a cryptocurrency by taking over mining operations, stopping or changing transactions, and double-spending (reusing) coins.

Bitcoin

Bitcoin is a digital form of money that runs on a distributed network of computers "nodes". In a broader sense, though, many people often use the word Bitcoin to refer to a few different things: a digital currency, a decentralized public ledger, a protocol, or simply the big ecosystem that encompasses all of these.

Bitcoin Halving

Bitcoin Halving is an event that occurs approximately every four years and prevents coin inflation while halving the reward for miners for a mined block. 

 

Bitcoin Improvement Proposal "BIP"

Bitcoin Improvement Proposal is A technical design document providing information to the Bitcoin community, describing new proposed features, processes or environments affecting the Bitcoin protocol. Suggested changes to the protocol are submitted as a BIP. The BIP author is responsible for soliciting feedback and consensus for his or her suggested improvements within the community and documenting dissenting opinions.

Bits

Bits is a sub-unit of one bitcoin. Any form of money needs to be easily broken down into sub-units to allow an equal exchange for goods or services. And bitcoin is wonderfully divisible, with its smallest unit being the tiny 0.00000001 of a bitcoin – a unit known as a ‘satoshi’. There are 1,000,000 bits in one bitcoin.

Block Explorer

An online tool to view all transactions that have taken place on the blockchain, network hash rate, and transaction growth, among other useful information. In short, a block explorer is a tool that provides detailed analytics about a blockchain network since its first day at the genesis block. We can say a block explorer acts as a search engine and browser where users can find information about individual blocks, public addresses, and transactions associated with a specific cryptocurrency.

Coin

Coin is a cryptocurrency or digital cash that is independent of any other blockchain or platform. The key feature of a coin is that of a currency, and the term may also be used to describe a cryptocurrency asset that is not a token. 

Coinbase

First designed in the Bitcoin system, a coinbase is a compulsorily-included transaction on a block, the output of which directs where to send the mining reward. In the Bitcoin system, the coinbase has a 100-byte size input, where messages can be attached or used as an extra nonce.

Seed Phrase

Seed phrase is a single starting point when deriving keys for a deterministic wallet. It is usually presented as a series of words to enable the owner to quickly backup or restore a wallet.