Questions concerning terminology, jargon, abbreviations, acronyms and phrases that are essential to the cryptocurrency community.

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1answer
14 views

Is there a correct way to refer to “orphan” blocks?

I was reading a passage on the bitcoin wiki that pointed out that it doesn't make sense to call invalid chains "orphans," since, by definition, every block in the blockchain except the genesis block ...
2
votes
2answers
51 views

How do Bitcoin transactions work, and what does one need in order to send or receive one?

I am trying to understand how Bitcoin works and whether it is possible to manage a bitcoin transaction anonymously. If someone transfers a bitcoin, what do I need to sign it with? Can it be signed ...
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2answers
26 views

Donation wallet address

I read that wallet/account is not the same as bitcoin address. The address can be used only for single transaction. How do you receive donations on your address? Are wallet addresses unique for the ...
1
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1answer
99 views

What is a “mike”?

The MultiBit website mentions Bitcoin amounts being showns as "mikes": Everybody has a different way of wanting to display their balances and this is especially true when dealing with different ...
3
votes
1answer
101 views

Are There Abbreviations/Acronyms/Codes for Cryptocurrency Exchanges?

I wonder if there are any abbreviations/acronyms/codes for exchanges like Cryptsy, Kraken, and Ccex. Similar to abbreviations as seen for coins in Bitcoin = BTC and Litecoin = LTC.
2
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1answer
226 views

Who are Alice and Bob?

Simply: Who are Alice and Bob, and why are they mentioned in every Bitcoin-related article I read about that talks about Bitcoin transactions? What is the history or mystery of these two?
7
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2answers
846 views

Plain text for the Bitcoin symbol

It seems that the most widely used symbol for Bitcoin is a B with two vertical lines through it1. It makes sense, as a single letter with a line or two through it is common for many currencies. Is ...
4
votes
1answer
363 views

What's the difference between a bitcoin client and wallet?

I would like to know what is the difference between a client and wallet.
3
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4answers
701 views

Is Bitcoin deflationary and inflationary at the same time?

I was wondering as Bitcoin is represented in the public and media as a deflationary currency (for more adept media as payment protocol). Is it really deflationary? Deflation is described on Wikipedia ...
1
vote
1answer
728 views

Naming convention: MilliBit or Millibitcoins (mBTC), microbitcoin or Mikrobitcoins (μBTC)?

I heard about many use: Bitcents, Bitmills (or Bitmilles) 1.02 - One bitcoin and two bitcents 0.001 - One millibitcoin (nickname "one Millie") 0.000001 - One microbitcoin (nickname "one Mike") ...
1
vote
1answer
96 views

Is the word “coin” a proper bitcoin term?

I have noticed that some people speak of "coins". As far as I can tell, by "coin" they mean a transaction output. Is this a correct understanding? Is it helpful to use the word "coin"?
4
votes
1answer
535 views

What is “Midas”?

I've recently noticed the term "midas" creep up in crypto currency related conversations, in phrases like "might implement midas". Can anybody enlighten me on what this is, preferably with links. ...
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1answer
2k views

How much is one microbitcoin? [closed]

From what I understand, a microbitcoin is 0.000001, or 1 * 10-6. If I'm getting paid 10400 microbitcoins, that would be 0.0104 BTC. However that seems a bit absurd, 0.00104 would seem like a more ...
0
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3answers
1k views

What does “ASIC” mean?

I stumbled on the terms "ASIC" and " ASIC Miner", what do they mean? Is this something related to special hardware?
11
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2answers
3k views

What is meant by Bitcoin dust?

I've seen the term "dust" used to describe small transactions that might be considered as spam by the Bitcoin network. Is there is a generally accepted definition of this term?
9
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4answers
69k views

What is the difference between kH/s, MH/s, and GH/s?

I started mining on a friend's computer and it shows 300 kH/s. But when I research other peoples' hash rates I usually see MH/s. Are these speeds the same as kilobytes and megabytes? Also, when I say ...
1
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1answer
325 views

What does it mean that fork is required? [duplicate]

In bitcoin related discussions people often say that something may require a "hard fork". What do they mean? What is a fork?
6
votes
1answer
135 views

What is the correct term for bitcoin market cap?

Market capitalization is a term that is usually used to refer to the total value of the shares of a company. Given that bitcoin is not a company, is there a better term than market cap that we should ...
23
votes
1answer
7k views

What are colored coins?

What exactly are colored coins? I've tried understanding, but I don't quite get it yet . . . Do any examples exist?
8
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3answers
203 views

What is the preferred way to denote orders of magnitude in BTC?

If I have 36,235.97 BTC, would I shorten that by writing that I have 36.2k BTC or would I write 36.2 kBTC? It seems that latter is proper for SI units, while the former is used more often for money, ...
15
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4answers
1k views

Is Bitcoin a currency?

This question seems to be asked every now and then when legal status of Bitcoin is discussed - Is Bitcoin a currency? What are the characteristics that would make it a currency, and what makes it ...
2
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2answers
3k views

What does PPS mean/stand for?

On many mining pools/bonds I see things listed as 105% PPS / 110% PPS weekly payout. What does PPS actually mean?
6
votes
1answer
485 views

What does BIP mean?

There is a lot of reference to BIP 16, 17 and the likes. What does BIP actually stand for? I'm unsure if this is a programming reference or a Bitcoin specific reference; either way I'm stumped.
3
votes
1answer
229 views

Bitcoin Dictionary

Is there a website that aggregates all technical and jargon terms used by the Bitcoin community? In other words, is there some compact reference guide that could serve as a "Bitcoin Dictionary"?
6
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2answers
1k views

What are Tonal Bitcoins?

What are Tonal Bitcoins? In what application is this system of notation superior to the decimal notation? Are there any clients or other services supporting the tonal system?
3
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2answers
61 views

Where should one suggest new terminology?

What is the proper place to suggest Bitcoin-related terminology that one believes should be used by the community? For example, when one wants to standardise some terms people use to describe ...
10
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4answers
358 views

What is the collective name for Bitcoin, Namecoin, etc?

Is there some standard term to describe all Bitcoin-like internet currencies, like Solidcoin, Namecoin and so forth? Like "currency" is to dollar, euro, yen, etc?
11
votes
2answers
538 views

Bitcoin grammar

Should "bitcoin" be used as a countable noun admitting a singular and a plural (so that one says "600 bitcoins are in this wallet") or as a mass noun, (like "water" or "money") (so that one says "How ...
17
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3answers
659 views

What is the difference between BitCoin, Bitcoin, and bitcoin?

I've seen several capitalizations of the term "bitcoin". What do all these mean?
24
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2answers
5k views

What are bitcoin “confirmations”?

When I receive bitcoins I see a certain number of "confirmations" in the client. What do these mean? Why do most sites make me wait for 6 "confirmations" before a purchase will go through?