 |  |
| SATOSHI | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
| PAPER WALLET | after confirmation, a transaction is unable to be reversed. by nobody. there is no safety net for that situation. |
| BITCOIN TRANSACTION | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| ETHEREUM | cryptocurrency addresses are used to send or receive transactions on the network. an address usually presents itself as a string of alphanumeric characters. |
| BITCOIN NETWORK | a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption) and then all traces of the key are removed from the computer where it was generated |
| IRREVERSIBLE | ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference. |
| ADDRESS | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| DIGITAL ASSET | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| SEGWIT2X | a transaction is a file that says, “bob gives x bitcoin to alice“ and is signed by bob‘s private key. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. the transaction is known almost immediately by the whole network. but only after a specific amount of time it gets confirmed. as long as a transaction is unconfirmed, it is pending and can be forged. when a transaction is confirmed, it is set in stone. |
| TRANSACTION BLOCK | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| |  |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| PAPER WALLET | a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption) and then all traces of the key are removed from the computer where it was generated |
| BITCOIN TRANSACTION | a transaction is a file that says, “bob gives x bitcoin to alice“ and is signed by bob‘s private key. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. the transaction is known almost immediately by the whole network. but only after a specific amount of time it gets confirmed. as long as a transaction is unconfirmed, it is pending and can be forged. when a transaction is confirmed, it is set in stone. |
| ETHEREUM | ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference. |
| BITCOIN NETWORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| IRREVERSIBLE | after confirmation, a transaction is unable to be reversed. by nobody. there is no safety net for that situation. |
| ADDRESS | cryptocurrency addresses are used to send or receive transactions on the network. an address usually presents itself as a string of alphanumeric characters. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| SEGWIT2X | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| TRANSACTION BLOCK | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
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