A Bitcoin ‘Segwit’ encoding scheme. The addresses always start with ‘bc1.’ Therefore, ‘bech32 addresses’ are also known as ‘bc1 addresses.’
Short for ‘Bitcoin Improvement Proposal,’ a formal proposal to change Bitcoin.
BNB or BNB Coin
A coin created by the Binance and is used mainly to pay transaction and trading fees on the Binance exchange.
An abbreviation for Bitcoin – the most popular cryptocurrency in the world.
Bag Holder, or Bagholder
A bag holder is someone who holds onto a position in a certain coin, which is not worth much more, hoping it will rebound when chances are that it will not.
One the most popular cryptocurrency exchanges.
A decentralized cryptocurrency exchange with servers located around the globe.
Sub unit of BTC. 1 bitcoin = 1,000,000 bits.
A global Cryptocurrency market site that provides token deal and derivatives services.
A business license permitting regulated virtual currency activities, issued by the New York State Department of Financial Services.
The first decentralized cryptocurrency ever.
Bitcoin ATM
A physical ATM (Automated Teller Machine) that allows you to exchange Bitcoin and other cryptocurrencies for FIAT money using a cash or debit card.
Bitcoin Cash
A crypto currency that uses smaller blocks compared to bitcoin in order to allow more transactions to be processed at a time and to improve scalability. Bitcoin cash was created out of a fork of bitcoin.
Bitcoin Dominance (BTCD)
A metric that determines how much share of the overall crypto market share is owned by Bitcoin.
Bitcoin Pizza
The purchase from 2010 of a pizza worth only $40 with 10,000 Bitcoins. The first known Bitcoin purchase ever.
The most popular online forum dedicated to Bitcoin, cryptocurrency and blockchain technology.
Bitconnect (BCC)
Was an open-source cryptocurrency connected with the high-yield investment program, a type of Ponzi scheme,
An Italian cryptocurrency exchange whose Nano cryptocurrency wallet was hacked on February 8, 2018.
A decentralized blockchain project that aims to replace YouTube with its ad-free cryptocurrency-powered video platform.
A set of information grouped in blockchain where transaction data is permanently recorded. The block holds the most recent transactions that are not validated yet, once it becomes valid the block is closed and a new block is created. The new block is linked to the closed one.
Block Explorer
An online blockchain browser that can show the details of all transactions that have ever happened on a blockchain network.
Block Header
A unique identifier for a block on a blockchain that is hashed continuously to supply proof-of-work for mining incentives.
Block Height
A specific location in a blockchain, measured by how many confirmed blocks precede it. The current block height of a blockchain indicates its current size or time in existence.
Block Producer
A person or group whose hardware is chosen to verify a block’s transactions and begin the next block on most Proof-of-Stake (PoS) blockchains.
Block Reward
The number of bitcoins you get if you successfully mine a block of the currency.
Block Size
The size of a block equals the amount of data it stores. Transactions are stored in a blockchain block, and it represents the size of each block in a blockchain.
Block Time
The approximate time it takes for a blockchain-based system to produce a new block.
Block Trade
A large-scale purchase or sale of securities occuring outside of an open market. It uses blockhouses as a financial intermediary to aid investors with risk management.
A database that records and holds records of the transactions made in cryptocurrencies. The blockchain system assures security and trustworthiness of stored data, without involving a 3rd party.
Blockchain 1.0
The first generation of blockchain technology that focuses on cryptocurrency and decentralization.
Blockchain 2.0
An extension to Blockchain 1.0 that introduced the concept of decentralization of business and markets with smart contracts and improved security and transparency.
Blockchain 3.0
The final developmental stage of blockchain technology, predicting global, institutional and enterprise adoption.
Blockchain Explorer
An online tool that enables you to browse through blockchain records.
Bounty program
Programs used by crypto-coin developers to incentivize actions before developers and marketers’ initial coin offering (ICO).
A cryptocurrency that was first introduced and based in the UK.
Byzantium fork
Well known hard fork in the Ethereum network that occurred in October of 2017.