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GLOSSARY

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

GLOSSARY

The Witness Discount

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GLOSSARY

What are Inscriptions?

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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

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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?

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“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

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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?

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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

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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?

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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?

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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

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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?

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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?

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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?

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