Bitcoin
Decentralized digital currency
Bitcoin is a decentralized digital currency created in 2009, operating without central banks or administrators.
Transactions are verified by network nodes and recorded on a public ledger called a blockchain.
Bitcoin pioneered cryptocurrency and remains the largest by market value: Bitcoin hit a new all-time high, He's been investing in Bitcoin since 2013. (Lowercase bitcoin sometimes refers specifically to the currency units.)
Programmable blockchain network
- LitecoinDecentralized digital currency
- DogecoinMeme-based cryptocurrency
- altcoinAlternative digital currency
- RippleCryptocurrency payment platform
Solana · stablecoin · token · digital currency · virtual currency · decentralized · whitepaper · Satoshi
One who excavates ore
- hashrateCryptographic calculations per second
- ASICSingle-purpose microchip
- rigEquipment arrangement or vehicle
- difficultyState of being hard
nonce · pool · SHA-256 · GPU · electricity · cooling · halving · stratum
Financial record book
- blocksObstructs or sections
- chainLinked segments forming length
- hashChopped mixture, cooked together
- nodesPoints of connection
distributed · immutable · consensus · confirmations · fork · timestamp · decentralized · peer-to-peer
Mutual giving and receiving
- tradingExchanging for value
- volatilityRapid, unpredictable changeability
- investmentDeploying capital for returns
- speculationUnproven theorizing or risky investment
portfolio · Coinbase · price · market cap · bull run · bear market · whale · diversification
Science of secure messaging
- encryptionConverting data into code
- digital signatureEncrypted verification of sender
- smart contractsSelf-enforcing coded agreements
- walletSmall case for currency
Insufficiency of something needed
- inflation hedgeAsset maintaining worth during devaluation
- deflationSustained decrease in prices
- fiatAuthoritative official decree
- dollarBasic U.S. currency unit
remittance · unbanked · monetary policy · reserve · legal tender · El Salvador · adoption · payment
Ethereum
Programmable blockchain network
- LitecoinDecentralized digital currency
- DogecoinMeme-based cryptocurrency
- altcoinAlternative digital currency
Ripple · Solana · stablecoin · token · digital currency · virtual currency · decentralized · whitepaper · Satoshi
miner
One who excavates ore
- hashrateCryptographic calculations per second
- ASICSingle-purpose microchip
- rigEquipment arrangement or vehicle
difficulty · nonce · pool · SHA-256 · GPU · electricity · cooling · halving · stratum
ledger
Financial record book
nodes · distributed · immutable · consensus · confirmations · fork · timestamp · decentralized · peer-to-peer · trustless
exchange
Mutual giving and receiving
- tradingExchanging for value
- volatilityRapid, unpredictable changeability
- investmentDeploying capital for returns
speculation · portfolio · Coinbase · price · market cap · bull run · bear market · whale · diversification · asset
cryptography
Science of secure messaging
- encryptionConverting data into code
- digital signatureEncrypted verification of sender
- smart contractsSelf-enforcing coded agreements
scarcity
Insufficiency of something needed
- inflation hedgeAsset maintaining worth during devaluation
- deflationSustained decrease in prices
- fiatAuthoritative official decree
dollar · remittance · unbanked · monetary policy · reserve · legal tender · El Salvador · adoption · payment · purchasing power
transfer
Move between locations
- feePayment for service
- confirmationEstablishing something as true
- addressSpeak to formally
- 2010sInstagram, Snapchat, Uber, Airbnb, iPad
- Modern AmericaCOVID-19, pandemic, Great Recession, 9/11, Iraq War
- Payment Methodscash, credit card, debit card, check, cheque
- cryptoEthereum, cryptocurrency, tokens, token, altcoins
- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
- modern economicsGDP, GDP growth, recession, inflation, interest rates
Bitcoinfiat currency
State-issued unbacked tender
US dollar · legal tender · national currency · yuan · euro
Bitcoincash
Ready spending funds
paper money · gold · gold bullion · coins · hard currency
Bitcoinsavings accounts
Interest-bearing bank deposits
blue-chip stocks · certificates of deposit · fixed income · money market funds · stablecoins
- bitcoin miningComputing for cryptocurrency rewards
- Bitcoin walletDigital asset storage application
- Bitcoin bubbleInflated digital currency valuations
- Bitcoin CashCryptocurrency blockchain spinoff