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GLOSSARY

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

GLOSSARY

What is Tokenomics?

Conor Mulcahy -
Tokenomics, a blend of “token” and “economics,” refers to the design and structure of the economic systems surrounding digital tokens and cryptocurrencies. This concept...
GLOSSARY

What is Stratum V2?

Conor Mulcahy -
Bitcoin mining has come a long way since the early days of CPU mining, with constant innovations being developed to ensure its decentralization, efficiency,...
GLOSSARY

What are Bitcoin Runes?

Conor Mulcahy -
Bitcoin Runes is a protocol designed to create fungible tokens on the Bitcoin blockchain, leveraging the unspent transaction output model (UTXO) and the OP_RETURN...
GLOSSARY

What is OP_Return?

Conor Mulcahy -
OP_Return is a special script opcode in Bitcoin that allows users to embed arbitrary data into a Bitcoin transaction, marking that part of the...
GLOSSARY

What are Inscriptions?

Conor Mulcahy -
Inscriptions are a novel feature that allows users to permanently store data, such as text, images, or even files directly on the Bitcoin blockchain....
GLOSSARY

Triple-Entry Bookkeeping

Conor Mulcahy -
The triple-entry accounting system is a concept that emerged with the advent of blockchains. This new approach to accounting has the potential to transform...
GLOSSARY

What is Sound Money?

Conor Mulcahy -
“Sound money” is a term that often gets thrown around in economics discussions, but what does it really mean? In this article, we explore...
GLOSSARY

Non-Custodial Wallet

Conor Mulcahy -
A non-custodial wallet, also known as a self-custody wallet, is a digital wallet that gives the owner full control of their bitcoin. With a...
GLOSSARY

What are Merkle Trees?

Conor Mulcahy -
Merkle trees, also known as hash trees or binary hash trees, are tree-like data structures used in computer science. They are named after their...
GLOSSARY

Libertarian

Conor Mulcahy -
Libertarians hold the fundamental belief that property rights — and by extension, liberty to use property as one sees fit — are the paramount...
GLOSSARY

What is Hard Money?

Conor Mulcahy -
In the world of monetary economics, the term “hard money” represents money that is both scarce and difficult to create. The Austrian School of...
GLOSSARY

What Is A Hardware Wallet?

Conor Mulcahy -
A hardware wallet is a physical device that stores and protects your bitcoin’s private key in an offline mode. They are a form of...
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