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Bitcoin, explained.
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Glossary
Short definitions of common Bitcoin terms and phrases.
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
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W
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Y
Z
B
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Bitcoin maximalism
The view that bitcoin is uniquely important among cryptocurrencies.
C
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Cantillon effect
The uneven impact of new money on different parts of the economy.
Cold storage
Storing bitcoin private keys offline for added security.
D
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Digital gold
A phrase used to describe Bitcoin as a digital store of value, similar to gold.
Don’t trust, verify
A Bitcoin principle: verify claims yourself instead of trusting intermediaries.
H
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Halving
A scheduled event that reduces new bitcoin issuance every four years.
Hash rate
A measure of how much computing power is securing Bitcoin.
P
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Proof of work
The consensus mechanism that secures Bitcoin through computational energy.
S
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Stacking sats
A simple phrase for accumulating bitcoin over time - one satoshi at a time.