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Glossary
- 11 Jan 2023
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Contents
Glossary
- Updated on 11 Jan 2023
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A
Address
Altcoin
B
Blockchain
Bitcoin
C
Confirmation
D
Digital asset
Blockchain
Distributed database
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
String of numbers and letters that are normally produced from the public and private keys and that we could define as the fingerprint of said keys. The address (for example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2) is a shorter version of the public key. The private key is the one that gives access to the cryptocurrency registered in the public and must, therefore, be kept secret. The public address is the "account" that we can share with the rest of the network to send us cryptocurrencies
Simplified construction of the words “alternative” and “coin”. It could be translated as “alternative currency”. The term Altcoin refers to cryptocurrencies that are derived from the Bitcoin source code or other known cryptocurrencies that, in some cases, are forks of Bitcoin.
Chain of blocks, distributed transactional database, made up of chains of blocks designed to prevent their modification once a piece of data has been published. This is achieved through peer-to-peer (P2P) networks, with consensus generated through a proof-of-work (PoW) algorithm and cryptographically linking the blocks with a reliable time stamp.
Bitcoin is generally used to refer to the network or protocol, and bitcoin (lowercase) to refer to monetary units. Bitcoin is characterized by being decentralized, it is not backed by any government or central bank, it is based on blockchain technology and its open source community.
Occurs when a blockchain transaction has already been processed by the network. Transactions on a blockchain receive confirmations once they have been included in a block, which in turn has already been connected to the next block in the chain. Thus ensuring the immutability of the transaction.
Any resource that exists in digitized form and that someone can own, or that represents content that someone can own and, therefore, has an associated right to use. Being treated as property, it can be sold, bought or licensed. For example, graphic files, logos, video or sound files, web pages, electronic documents, cryptocurrencies.
Chain of blocks, distributed transactional database, made up of chains of blocks designed to prevent their modification once a piece of data has been published. This is achieved through peer-to-peer (P2P) networks, with consensus generated through a proof-of-work (PoW) algorithm and cryptographically linking the blocks with a reliable time stamp.
Distributed ledger, database distributed and maintained by each participant or node in a large network. There is no central administrator or centralized data storage. It requires a peer-to-peer or peer-to-peer (P2P) network, as well as consensus algorithms to ensure replication across nodes.
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