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GLOSSARY

Learn Bitcoin terms with Bitcoin Magazine’s Glossary category – clear definitions for blockchain and BTC concepts.

TECHNICAL

Bitcoin Covenants: OP_CAT (BIP 347)

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

Bitcoin Covenants: OP_VAULT (BIP 345)

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

Bitcoin Covenants: TXHASH And CHECKTXHASHVERIFY(BIP 346)

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

The Witness Discount

Conor Mulcahy -
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.
GLOSSARY

What are BRC-20 Tokens?

Conor Mulcahy -
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.
GLOSSARY

What is a Private key?

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

What is a Public key?

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

What is a Bitcoin Node?

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

What Is Gresham’s Law?

Conor Mulcahy -
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...
GLOSSARY

What is a UTXO?

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

What are Bitcoin Ordinals?

Conor Mulcahy -
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...
GLOSSARY

What is Keynesian Economics?

Conor Mulcahy -
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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