Edd: /* Bitcoin */

2024-09-16T20:11:51Z

Bitcoin

← Older revision		Revision as of 20:11, 16 September 2024
Line 73:		Line 73:
	=== Bitcoin ===		=== Bitcoin ===

	: An open-sourced, cryptographically secured, decentralized, peer-to-peer digital currency released in 2009 by a pseudonymous entity known only as Satoshi Nakamoto. The blockchain and network is always capitalized (“'''[[Bitcoin]]'''”), while the cryptocurrency is not (“bitcoin”). Bitcoins may be subdivided to eight decimal places, with the smallest unit known as a satoshi - 1 BTC = 100,000,000 satoshis.		: An open-sourced, cryptographically secured, decentralized, peer-to-peer digital currency released in 2009 by a pseudonymous entity known only as Satoshi Nakamoto. The blockchain and network is always capitalized (“'''[[Bitcoin]]'''”), while the cryptocurrency is not (“bitcoin”). Bitcoins may be subdivided to eight decimal places, with the smallest unit known as a satoshi. 1 BTC = 100,000,000 satoshis.

	: The '''[[Bitcoin]]''' network is secured and transactions are validated through a Proof of Work system by miners around the globe, and as such, is not controlled by any individual, government, or organization. Miners are incentivized with rewards in the form of newly created bitcoins and transaction fees submitted by users.		: The '''[[Bitcoin]]''' network is secured and transactions are validated through a Proof of Work system by miners around the globe, and as such, is not controlled by any individual, government, or organization. Miners are incentivized with rewards in the form of newly created bitcoins and transaction fees submitted by users.
Line 85:		Line 85:
	<div class="toccolours">		<div class="toccolours">
	;		;

	=== BitLicense ===		=== BitLicense ===

Edd: /* Bid */

2024-09-16T20:10:36Z

Bid

← Older revision		Revision as of 20:10, 16 September 2024
Line 49:		Line 49:
	=== Bid ===		=== Bid ===

	: An offer made by a potential buyer during an auction. The programmable nature of cryptocurrencies and [[NFTs]] allows for automation of this process if the proper [[#API\|APIs]] or other tools are available on the auction platform.		: An offer made by a potential buyer during an auction. The programmable nature of cryptocurrencies and [[NFTs]] allows for automation of this process if the proper [[#API\|#APIs]] or other tools are available on the auction platform.

	</div>		</div>
Line 55:		Line 55:
	<div class="toccolours">		<div class="toccolours">
	;		;

	=== BIP ===		=== BIP ===

Edd: /* Base Fee */

2024-09-16T20:08:55Z

Base Fee

← Older revision		Revision as of 20:08, 16 September 2024
Line 16:		Line 16:
	=== Base Fee ===		=== Base Fee ===

	: An algorithmically determined dynamic transaction fee, typically referring to Ethereum. This fee is determined by the network itself to prevent sudden spikes and is adjusted based on network activity and congestion. Transaction fees are collected by miners as an incentive to validate and include transactions in each block, as well as secure the network.		: An algorithmically determined dynamic transaction fee, typically referring to [[Ethereum]]. This fee is determined by the network itself to prevent sudden spikes and is adjusted based on network activity and congestion. Transaction fees are collected by miners as an incentive to validate and include transactions in each block, as well as secure the network.


Line 24:		Line 24:
	<div class="toccolours">		<div class="toccolours">
	;		;

	=== Bear Market ===		=== Bear Market ===

Edd: /* BIP */

2024-09-15T23:01:48Z

BIP

← Older revision		Revision as of 23:01, 15 September 2024
Line 56:		Line 56:
	=== BIP ===		=== BIP ===

	: ''Acronym - ~~Bitcoin Improvement Proposal~~''		: ''Acronym - '''B'''itcoin '''I'''mprovement '''P'''roposal''

	: A standard format for proposing, discussing, and implementing changes to [[Bitcoin]] protocols and standards.		: A standard format for proposing, discussing, and implementing changes to [[Bitcoin]] protocols and standards.
Line 68:		Line 68:
	<div class="toccolours">		<div class="toccolours">
	;		;

	=== Bitcoin ===		=== Bitcoin ===

Edd at 20:24, 12 September 2024

2024-09-12T20:24:33Z

Show changes

Edd: Created page with "== B ==
; === Bag === : ''Slang'' :Refers to the digital assets one may be holding, often those one is willing to sell as soon as it is profitable to do so. :''See also: #Holding A Bag/Holding Bags''

; === Base Fee === : An algorithmically determined dynamic transaction fee, typically referring to Ethereum. This fee is determined by the network itself to prevent sudden spikes and is adjusted based on network..."

2023-12-23T21:13:02Z

Created page with "== B == <div class="toccolours"> ; === Bag === : ''Slang'' :Refers to the digital assets one may be holding, often those one is willing to sell as soon as it is profitable to do so. :''See also: #Holding A Bag/Holding Bags''</div> <div class="toccolours"> ; === Base Fee === : An algorithmically determined dynamic transaction fee, typically referring to Ethereum. This fee is determined by the network itself to prevent sudden spikes and is adjusted based on network..."

New page

== B ==
<div class="toccolours">
;
=== Bag ===
: ''Slang''

:Refers to the digital assets one may be holding, often those one is willing to sell as soon as it is profitable to do so.

:''See also: [[#Holding A Bag/Holding Bags]]''</div>
<div class="toccolours">
;
=== Base Fee ===
: An algorithmically determined dynamic transaction fee, typically referring to Ethereum. This fee is determined by the network itself to prevent sudden spikes and is adjusted based on network activity and congestion. Transaction fees are collected by miners as an incentive to validate and include transactions in each block, as well as secure the network.

:''See also: [[#Ethereum]], [[#Gas]], [[#Gas Estimator]], [[#Gas Fees]]''</div>
<div class="toccolours">
;
=== Bear Market ===
: A general and sustained downward trend of cryptocurrency and NFT prices, as well as market sentiment.

:''See also: [[#Bearish]], [[#Bull Market]]''</div>
<div class="toccolours">
;
=== Bearish ===
: ''Slang''

:Indicates a lack of conviction regarding a market, industry, project, or even individual item. A pessimistic outlook.

:''See also: [[#Bear Market]], [[#Bullish]]''</div>
<div class="toccolours">
;
=== Bid ===
: An offer made by a potential buyer during an auction. The programmable nature of cryptocurrencies and [[NFTs]] allows for automation of this process if the proper [[#API|APIs]] or other tools are available on the auction platform.

</div>
<div class="toccolours">
;
=== BIP ===
: ''Acronym - Bitcoin Improvement Proposal''

:A standard format for proposing, discussing, and implementing changes to [[Bitcoin]] protocols and standards.

:https://github.com/bitcoin/bips/

:''See also: [[#Bitcoin]]''</div>
<div class="toccolours">
;
=== Bitcoin ===
: An open-sourced, cryptographically secured, decentralized, peer-to-peer digital currency released in 2009 by a pseudonymous entity known only as Satoshi Nakamoto. The blockchain and network is always capitalized (“'''[[Bitcoin]]'''”), while the cryptocurrency is not (“bitcoin”). Bitcoins may be subdivided to eight decimal places, with the smallest unit known as a satoshi - 1 BTC = 100,000,000 satoshis.

:The '''[[Bitcoin]]''' network is secured and transactions are validated through a Proof of Work system by miners around the globe, and as such, is not controlled by any individual, government, or organization. Miners are incentivized with rewards in the form of newly created bitcoins and transaction fees submitted by users.

:The '''[[Bitcoin]]''' whitepaper: https://bitcoin.org/bitcoin.pdf

:More info can be found at https://en.bitcoin.it/wiki/Bitcoin

</div>
<div class="toccolours">
;
=== BitLicense ===
: Virtual currency regulation 23 NYCRR Part 200 issued by the New York Department of Financial Services in 2015. Any person or business conducting activities involving virtual currencies in the state of New York or involving a resident of New York can either apply for a '''BitLicense''' or for a charter.

:https://www.dfs.ny.gov/virtual_currency_businesses

</div>
<div class="toccolours">
;
=== Block ===
: A record of transactions added to a blockchain, along with information pertaining to the previous '''block'''. The “chain” of data results in a distributed ledger synced and validated by nodes tasked with securing and supporting the network.

:''See also: [[#Blockchain]], [[#Blockchain Explorer]], [[#Block Reward]], [[#Mining]]''</div>
<div class="toccolours">
;
=== Block Explorer ===
: A website, application, or tool that provides an interface to navigate and explore blockchain address and account information. This information may include, but is not limited to transaction history, transaction status, transaction value, timestamps, fees, sender and recipient addresses, block height, miner rewards, smart contract source code and historical data, network statistics, and block confirmation times.

:''Block explorers''' are available for a variety of blockchains. Features and functionality will vary.

:''See also: [[#Block]], [[#Blockchain]]''</div>
<div class="toccolours">
;
=== Block Height ===
: The number of confirmed blocks preceding a particular block in a blockchain. '''Block height''' indicates how many blocks have been added to the blockchain since its genesis block, or block 0. '''Block height''' increases sequentially with each new block added and confirmed and is utilized by consensus mechanisms to confirm the valid and accepted version of the chain.

:''See also: [[#Block]], [[#Blockchain]]''</div>
<div class="toccolours">
;
=== Block Reward ===
: The incentive earned by miners or validators of a blockchain, usually in the form of newly minted cryptocurrency, transaction fees accumulated by the network, or both. '''Block rewards''' vary from blockchain to blockchain.

:''See also: [[#Blockchain]], [[#Mining]]''</div>
<div class="toccolours">
;
=== Blockchain ===
: A distributed ledger or database of information related to accounts and transactions of a particular cryptocurrency.

:''See also: [[#Block]], [[#Block Explorer]], [[#Private Blockchain]]''</div>
<div class="toccolours">
;
=== Blockchain Explorer ===
: ''See [[#Block Explorer]]''

</div>
<div class="toccolours">
;
=== Blockchain Trilemma ===
: Coined by Vitalik Buterin, the '''blockchain trilemma''' refers to the challenge of simultaneously attempting to optimize a blockchain for decentralization, security, and scalability.

:''See also: [[#Blockchain]]''</div>
<div class="toccolours">
;
=== Blue Chip ===
: A term commonly used to indicate a project or collection likely to retain a high value for the foreseeable future. Originally used in this manner for financially successful stocks, the phrase refers to blue poker chips, which typically have the greatest value.

:''See also: [[#NFT]]''</div>
<div class="toccolours">
;
=== BNB Chain ===
: Originally named the Binance Smart Chain, '''BNB Chain''' was launched by Binance in 2020 as a blockchain network parallel to the Binance Chain. It utilizes the Binance Coin (BNB) as its native token for transaction fees, staking, and other functions. The chain was designed as a layer 1 solution with smart contracts and decentralized applications in mind.

:''See also: [[#Blockchain]]''</div>
<div class="toccolours">
;
=== Bored Ape Yacht Club ===
: ''See [[BAYC]].''

:Sometimes shortened to simply "Bored Apes."

</div>
<div class="toccolours">
;
=== Brain Wallet ===
: The practice of memorizing the mnemonic sequence of 12 to 24 words used to derive cryptocurrency private keys as a form of “cold” storage. If this seed phrase is not recorded elsewhere, cryptocurrency stored in this manner are lost forever if the owner dies, becomes permanently incapacitated, or simply forgets the phrase.

:''See also: [[#Cold Wallet]], [[#Non-Custodial Wallet]], [[#Wallet]]''</div>
<div class="toccolours">
;
=== Bridge ===
: A protocol built to allow separate blockchains to communicate. By creating a connection in this manner, the ability to transfer data or digital assets from one chain to another becomes a possibility.

:Sometimes used as a verb: to "'''bridge'''" a digital asset from one chain to another.

:''See also: [[#Blockchain]]''</div>
<div class="toccolours">
;
=== BTC ===
: ''Ticker Symbol - Bitcoin''

:The native cryptocurrency of the Bitcoin network.

:''See also: [[#Bitcoin]], [[#Exchange]]''</div>
<div class="toccolours">
;
=== Bug Bounty ===
: A program offered to encourage individuals to report bugs in exchange for rewards or compensation.

</div>
<div class="toccolours">
;
=== Buidl ===
: ''Slang''

:An intentional misspelling of the word "build" referencing the more infamous "[[#Hodl|hodl]]." In web3, it is often used to encourage community involvement and active development of the decentralization ecosystem.

</div>
<div class="toccolours">
;
=== Bull Market ===
: A general and sustained upward trend of cryptocurrency and NFT prices, as well as market sentiment.

</div>
<div class="toccolours">
;
=== Bullish ===
: ''Slang''

:Indicates a high level of conviction regarding a market, industry, project, or even individual item. An optimistic outlook.

:''See also: [[#Bearish]], [[#Bull Market]]''</div>
<div class="toccolours">
;
=== Burn ===
: The process of permanently removing tokens or coins from circulation by sending them to an inaccessible destination address.

:''See also: [[#Blockchain]]''</div>
<div class="toccolours">
;
=== Byzantine Fault Tolerance ===
: The abilitity of a system to continue to operate as intended even if parts of the network are faulty or cannot be trusted.

:''See also: [[#Byzantine Generals Problem]]''</div>
<div class="toccolours">
;
=== Byzantine Generals Problem ===
: A game theory scenario where consensus must be achieved in a decentralized system without the benefit of a trusted, centralized source.

:''See also: [[#Byzantine Fault Tolerance]]''</div>
<div class="toccolours">
;
=== Byzantium Fork ===
: The planned upgrade to Ethereum that occurred in October 2017. This was a hard fork on the roadmap to transition from Proof of Work to Proof of Stake and the fifth major upgrade in Ethereum's history.

:''See also: [[#Ethereum]], [[#Hard Fork]]''</div>

Glossary-B - Revision history

Edd: /* Bitcoin */

Edd: /* Bid */

Edd: /* Base Fee */

Edd: /* BIP */

Edd at 20:24, 12 September 2024