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GLOSSARY

Bitcoin Covenants: OP_CAT (BIP 347)

The fifth article in the Covenant series, examining the OP_CAT reactivation proposal from Ethan Heilman and Armin Sabouri.

Bitcoin Covenants: OP_VAULT (BIP 345)

The fourth article in the Covenant series, examining the OP_VAULT proposal from James O'Beirne and Greg Sanders.

Bitcoin Covenants: TXHASH And CHECKTXHASHVERIFY(BIP 346)

The third article in the Covenant series, examining the TXHASH/CHECKTXHASHVERIFY proposal from Steven Roose and Brandon Black.

The Witness Discount

The witness discount reduces the weight of signature data in Bitcoin transactions, lowering fees and improving scalability. Learn how this SegWit feature enhances efficiency while preserving decentralization.

What are BRC-20 Tokens?

BRC-20 tokens bring fungible assets to Bitcoin using the Ordinals protocol. Learn how they work, their benefits, drawbacks, and how they compare to the emerging Runes protocol.

What is a Private key?

A private key, also known as a secret key, is a cryptographic key that is used to decrypt or digitally sign data. It is...

What is a Public key?

In the context of cryptography, a public key is an alphanumeric string that serves as an essential component of asymmetric encryption algorithms. It is...

What is a Bitcoin Node?

Nodes are an essential component of all computer networks. In computation, a node is an electronic device that is part of a network and...

What Is Gresham’s Law?

Intro Gresham’s Law is named after Sir Thomas Gresham, an English financier and merchant who lived during the 16th century and founded the Royal Exchange...

What is a UTXO?

A UTXO (unspent transaction output) is a unit of currency that remains unspent after a transaction is complete, and it represents the amount of...

What are Bitcoin Ordinals?

Bitcoin Ordinals are a protocol introduced by Casey Rodarmor in January 2023, which enables data to be inscribed on Bitcoin's blockchain by embedding content...

What is Keynesian Economics?

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British...

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