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GLOSSARY

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...

What is Zero-confirmation (zero-conf)?

A zero-confirmation (zero-conf) transaction in Bitcoin refers to a transaction that has been broadcast to the network but has not yet been included in...

What are zk-STARKs?

zk-STARKs (Zero-Knowledge Scalable Transparent Arguments of Knowledge) are cryptographic proofs that allow a prover to demonstrate possession of certain information without revealing the information...

What are Zero-Knowledge Proofs (ZKPs)?

Zero-Knowledge Proofs (ZKPs) are a cryptographic method that allows one party (the prover) to prove to another party (the verifier) that they know a...

What are zk-SNARKS?

zk-SNARKs (Zero-Knowledge Succinct Noninteractive Argument of Knowledge) are a cryptographic technology that allows one party (the “prover”) to demonstrate knowledge of certain information to...

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