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GLOSSARY

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

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...
GLOSSARY

Fractional Reserve Banking

Conor Mulcahy -
Fractional reserve banking is a cornerstone of modern financial systems, significantly shaping banking practices globally. The concept refers to the practice whereby banks hold...
GLOSSARY

What is Encryption?

Conor Mulcahy -
Encryption is the process of converting readable data into a coded format that is only accessible by someone with the proper key or password....
GLOSSARY

What is Dust?

Conor Mulcahy -
Dust in Bitcoin refers to a tiny amount of Bitcoin that is essentially unusable due to its minuscule size relative to transaction fees. These...
GLOSSARY

What’s a Cypherpunk?

Conor Mulcahy -
A cypherpunk is an individual who advocates the use of strong cryptography to protect privacy and enable civil liberties. Cypherpunks believe that encryption technology...
GLOSSARY

What Is a Cold Wallet?

Conor Mulcahy -
A cold wallet is a device collecting bitcoin addresses and keys that unlock funds in an offline mode. Since cold wallets don’t require an...
GLOSSARY

What are BRC-20 Tokens?

Conor Mulcahy -
Introduction BRC-20 tokens are an experimental and inefficient token standard designed for creating fungible tokens on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20 tokens, BRC-20...
GLOSSARY

What is Bitcoin Core?

Conor Mulcahy -
Bitcoin Core is the software that keeps Bitcoin operating smoothly. Originally known simply as “Bitcoin,” it was developed by Satoshi Nakamoto, and remains the...
GLOSSARY

What Is The Block Reward?

Conor Mulcahy -
The block reward is the incentive given to bitcoin miners for securing the blockchain and creating new blocks. It comprises newly minted bitcoin —...
GLOSSARY

What is Anarcho-Capitalism?

Conor Mulcahy -
Anarcho-capitalism is a political and economic theory that merges the principles of anarchism and capitalism. It advocates for a society without a centralized state,...
GLOSSARY

The Austrian School of Economics

Conor Mulcahy -
The Austrian School of Economics The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and...
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