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GLOSSARY

What is XBT?

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...

What is Digital Money

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

What is Electronic Cash?

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....

What is Digital Cash?

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...

What is Electronic Money (E-money)?

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...

What is eCash?

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

What is a Veblen Good?

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

What is Unit Bias?

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...

What is Tokenomics?

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

What is Stratum V2?

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

What are Bitcoin Runes?

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...

What is OP_Return?

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...

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