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GLOSSARY

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

GLOSSARY

What is Zero-confirmation (zero-conf)?

Conor Mulcahy -
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...
GLOSSARY

What are zk-STARKs?

Conor Mulcahy -
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...
GLOSSARY

What are Zero-Knowledge Proofs (ZKPs)?

Conor Mulcahy -
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...
GLOSSARY

What are zk-SNARKS?

Conor Mulcahy -
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...
GLOSSARY

What is XBT?

Conor Mulcahy -
XBT is the ISO 4217 currency code for bitcoin, much like USD for the U.S. dollar or EUR for the euro. This formal designation...
GLOSSARY

What is Digital Money

Conor Mulcahy -
Digital money is an umbrella term that encompasses all forms of money that exist in digital format, whether centralized or decentralized. It refers to...
GLOSSARY

What is Electronic Cash?

Conor Mulcahy -
Electronic cash refers to a broad category of money that exists solely in digital form and can be used to facilitate peer-to-peer transactions electronically....
GLOSSARY

What is Digital Cash?

Conor Mulcahy -
Digital cash refers to decentralized, peer-to-peer currency that relies on cryptographic protocols to enable secure transactions without intermediaries like banks or payment processors. Unlike...
GLOSSARY

What is Electronic Money (E-money)?

Conor Mulcahy -
E-money exists primarily to streamline and simplify digital transactions. In an increasingly global and interconnected financial landscape, e-money provides a fast, efficient, and secure...
GLOSSARY

What is eCash?

Conor Mulcahy -
eCash is one of the earliest implementations of digital cash, introduced by cryptographer David Chaum in the late 1980s through his company DigiCash. Unlike...
GLOSSARY

What is a Veblen Good?

Conor Mulcahy -
A Veblen good is a product that challenges conventional economic theory. Normally, when the price of something increases, demand tends to drop. But for...
GLOSSARY

What is Unit Bias?

Conor Mulcahy -
Unit bias, sometimes referred to as “unit preference” or “unit-of-account bias,” is a cognitive bias that most cryptocurrency founders exploit to attract investors. It...
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