Questions tagged [terminology]
Questions concerning terminology, jargon, abbreviations, acronyms and phrases that are essential to the cryptocurrency community.
177
questions
0
votes
1answer
9 views
What is a Miniscript fragment? And what should I call the underscore letter?
An example Miniscript is:
and_v(or_c(pk(B),or_c(pk(C),v:older(1000))),pk(A))
(Generated using this Miniscript site).
What would a fragment be here? What should I call the underscore letter (_v)?
1
vote
1answer
43 views
Who first started to name 'blockchain technology' as 'blockchain'
I read through the whitepaper of Satoshi Nakamoto.
I could find the expression 'blocks are chained...' but he did not specifically use the word 'blockchain' itself.
I want to know the origin of the ...
0
votes
1answer
59 views
Is there a distinction between an attack and an exploit?
I'm writing up lecture notes and attempting to put the language on the most logical footing. I'm hoping to distinguish attacks on the consensus itself from exploits of the protocol, as these seem to ...
3
votes
2answers
77 views
What verb best describes "causing another block to become stale"?
For example, suppose I'm selfish mining; you publish a block and then I immediately publish two, what did I do to your block?
Similarly, if I'm executing a double-spend attack, my goal is to ?___? the ...
5
votes
1answer
326 views
What is signature grinding?
What is signature grinding and why does the answer to What is the size and weight of a wrapped segwit single-sig input? "highly recommend it"?
3
votes
1answer
70 views
Different term for 'fee rate'
Lot of users are confused between fee rate and fee. Sometimes even developers make mistakes or use 'fee' for everything to avoid confusion which can be considered misleading.
Was there ever a ...
5
votes
1answer
243 views
Why is "regtest" called "regtest"?
Bitcoin "regtest" is for when you want to run a local version of Bitcoin where the state is only shared within a small community, whereas both "mainnet" and "testnet" are ...
2
votes
1answer
148 views
What is difference between Lightning Wallet and Lightning Node?
I am confused with the terminology of lightning node vs and wallet, as I see that each individual can run its own wallet like eclair so does that mean the person running a wallet is also running a ...
4
votes
1answer
79 views
What does the abbreviation "HTLC" stand for?
I noticed a discrepancy in what various sources state the abbreviation HTLC is short for. It is...
"Hashed Timelock Contract" according to the Lightning Network Paper
"Hashed Time ...
1
vote
1answer
92 views
How do difficulty, hashrate, and network hashrate fit together?
I understand that there are multiple terms for the idea of how hard it is to successfully mine BTC. The terms I have seen are "difficulty", "network hashrate" and "hashrate&...
2
votes
1answer
203 views
How can I efficiently search the bitcoin-dev mailing list for discussion of a specific term?
How can I efficiently search the bitcoin-dev mailing list for discussion on a specific term e.g. deprecating BIP37 support?
This question was asked by pinheadmz on IRC.
1
vote
1answer
159 views
Does Bitcoin Core have/need an archive mode?
Similar to Ethereum's Archive Node:
Stores everything kept in the full node and builds an archive of historical states. Needed if you want to query something like an account balance at block #4,000,...
4
votes
2answers
121 views
What is the control block in Taproot?
What is the definition of "control block" in the context of Taproot?
It is referred to in standard.cpp in the Bitcoin Core repo and in BIP 341.
1
vote
2answers
81 views
Isn't burning bitcoins a kind of fraud?
BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation, thereby slowing down inflation rates or reducing the total circulating supply of ...
1
vote
1answer
96 views
What does "buy the dip" mean?
I keep hearing "buy the dip" constantly with Bitcoin people/comments.
I get that it means that you should buy Bitcoin while the price is temporarily low, but what do they mean by it? Do they ...
2
votes
1answer
157 views
What exactly is a "blockchain developer"?
Hello everyone. This isn't specifically a bitcoin thread but due to recent events I think it is important that people get an understanding of the real Elon Musk as I have no doubt he will try and ...
5
votes
1answer
277 views
What is the difference between key aggregation and signature aggregation?
What is the difference between key aggregation (e.g. MuSig) and signature aggregation?
Many people (including myself) have in the past used these terms interchangeably. Why is it important to be ...
1
vote
0answers
31 views
I need help figuring out what happened with my BFGminer overnight
I'm a newbie to crypto and was experimenting with usb erupters because I was getting into ETH mining with my rig and wanted to test it on something less risky. I ran ck pool for my USB erupter just to ...
0
votes
1answer
35 views
What exactly is sol/s as far as a hash rate is concerned? [closed]
What is sol/s? Is it the same as MH/s? Please don't answer it depends, because that makes no sense!
I have already tried googling this question but to no avail.
5
votes
1answer
650 views
What does PSBT stand for?
What is PSBT? What does it stand for?
bitcoin-qt has menu items "Load PSBT from file…" and "Load PSBT from clipboard…"; the dialog box says the file format is "Partially ...
6
votes
1answer
1k views
Why is coinbase mentioned in a BIP?
I thought that BIPs were similar to Pythons PIPs. So I was confused when I read BIP 34 mentioning coinbase explicitly. The author, Gavin Andresen, seems not to have a connection to coinbase.
I thought ...
0
votes
2answers
66 views
Is this the ledger?
Lots of articles about bitcoin say that anyone can see all the transactions that have ever taken place, and they call that "the ledger." But none of those articles give a link for where to ...
0
votes
1answer
186 views
BTC Treasure hunt
Alright, I’m new to Bitcoin/Crypto, and this might be a long story but worth it.
My life long friend had a $50 Visa gift card back in 2009-2011. His friends were over the house one day and mentioned ...
3
votes
1answer
90 views
What is the difference between Consensus and Distributed Consensus?
This is more of a clarification than as a question. Since I didn't have the rep to post a comment in this question, I'm putting this itself as a question.
Sources I've referred till now:
A ...
7
votes
1answer
2k views
What is the difference between "native segwit" and "bech32"?
People seem to be using "native segwit" and "bech32" interchangeably. Are they really the same thing?
2
votes
1answer
183 views
What is a stale blockchain tip? Is it a blockchain tip missing the latest mined block?
Stale blocks and orphaned blocks are defined here.
What is a stale blockchain tip? Is it a blockchain tip missing the latest mined block? Or is it a blockchain with a stale block (as defined in that ...
6
votes
1answer
137 views
How do we know which soft-forks were implemented using User-Activated Soft Fork or Miner-Activated Soft Fork?
This seems to be the most common definition
When a majority of miners upgrade to enforce new rules, it is called a miner-activated soft fork (MASF). When full nodes coordinate to
enforce new rules, ...
3
votes
1answer
640 views
Sidechain vs layer 2
I want to know what's the difference between "sidechain" and "layer 2".
Is it the same thing ?
Thanks
0
votes
1answer
41 views
What do "support" and "resistance" mean?
I'm still very much a newbie to all this and would like to get some help.
0
votes
2answers
122 views
Crypto exchange - what do BTCUSD SELL and LTCBTC SELL mean?
I just downloaded an app that forecasts the crypto market. The app seems to be nice but I don't understand the forecast interface. What does this mean?
BTCUSD SELL,
LTCBTC SELL
Does it mean that ...
0
votes
2answers
43 views
what is referred as coin in bitcoin network?
I gathered information about bitcoin from various resources. All those resources said that when a transaction is done, the transaction get added to a block. So when Alice send 2 btc to Bob, network ...
3
votes
1answer
834 views
Redeem script. script hash, witness script and witness program
I have a little confusion about naming in Bitcoin.
Redeem script is the conditions that will be satisfy.
For example P2PKH inside P2SH
OP_DUP OP_HASH160 <PubKHash> OP_EQUALVERIFY OP_CHECKSIG ...
0
votes
1answer
4k views
What does mBtc mean [duplicate]
I’m using Electrum 3.3.8 and I recently made a sale and got 0.83 mBTC.
I’ve tried to convert the mBTC to USD. it says i have $5000+ but I was selling the product for only $6
3
votes
1answer
636 views
What is an extended fingerprint (xfp) and how does it differ from an xpub?
Coldcard requires the xfps of all of its cosigners to be able to verify and sign multisig transactions. Providing the coldcard with just the xpubs is not enough, which I believe to mean that the xfp ...
1
vote
3answers
207 views
Ironically, encryption is not an important part of bitcoin (?)
The above statement is taken out of a book which I've been reading: Mastering Bitcoin 2nd Edition.
...as its communications and transaction data are not encrypted and do
not need to be encrypted ...
3
votes
3answers
128 views
What is "consensus"?
I’m really struggling to get my head around a particular piece of lingo in the bitcoin/blockchain space, and would really appreciate if someone was able to give a bit of clarity. I have been doing a ...
3
votes
1answer
528 views
what is measured in units of sat/kw?
Whilst learning about bitcoin & lightning fees I have encountered the abbreviation sat/kw a few times, most recently here:
Why can’t lightning tx’s be signed with sighash single to allow for fee ...
2
votes
0answers
49 views
How to detect a consensus is BFT or not? [closed]
Can we divide consensus algorithms into BFT (Byzantine Fault
Tolerant) and non-BFT ?
If so, How to detect a consensus is BFT or non-BFT ?
Is there any non-BFT consensus algorithm example ?
1
vote
1answer
368 views
"Fork choice rule" : A general term? or a specific algorithm?
Is "Fork choice rule" a general term including all the algorithms used for choosing a branch among other branches in a fork (including longest chain rule in Bitcoin etc) ?
Or is it a specific ...
2
votes
2answers
2k views
What is a txn? How can it be invalid?
I read this in a IRC exchange:
verifies your txns against a random node that you don't control. if for some reason that node went rogue, you might have accepted an invalid txn
What is a txn?
2
votes
1answer
66 views
What does "Green address verification" mean in the context of transaction validation?
I am only new to Bitcoin and I would like to know what a "Green address verification" is. I have an Electrum wallet ver 3.3.6 and I think the term is being used in the context of faster transactions ...
3
votes
1answer
176 views
Why do we need to chain the blocks (creating blockchain) in a permissioned blockchain?
The main question is:
What does "chaining block" mean in a permissioned blockchain? OR in any blockchain network in which creating a new block does NOT need consuming resources/energy ? (even in the ...
3
votes
2answers
666 views
What is the unit of time_lock_delta in LND?
LND has a configuration setting called time_lock_delta with the description "The required timelock delta for HTLCs forwarded over the channel.". I assume this to refer to some measure of time, but ...
1
vote
3answers
86 views
What does channel num_updates mean?
Some LND wallets provide a channel's "Number of Updates". Here's an example from Zap Desktop:
The LND gRPC API Channel Reference cites a property called num_updates. The description of this field is ...
0
votes
1answer
74 views
Required conditions to be selected as intermediary node (Payment Service Provider) in Lightning Network?
I bring up some important questions about terminology of the Lightning Network and how to select the intermediary node as the Payment Service Provider in a routing channel:
The following video (Link ...
2
votes
1answer
101 views
"stable-coins": A formal definition?
In crypto-currency news, we might heard about term of "stable-coins".
Can we define a stable-coin as follows:
A crypto-currency that is pegged to a fiat / formal currency to minimize the ...
1
vote
1answer
54 views
Is there any "permissionless" blockchain "without a native coin"?
We may certainly say that a "permissioned" blockchain cannot have a native coin (or cryptocurreny) since in permissioned blockchain we need a permission to be eligible to participate for transactions ...
1
vote
1answer
255 views
If Bitcoin addresses are a single-use token, how several transactions belong to a single address? (Edited)
While in Bitcoin wiki (Link to the page) is explicitly mentioned:
"A Bitcoin address is a single-use token."
We therefore expect that every address would be belonged to only a single transaction ...
1
vote
1answer
239 views
How to fund a bidirectional channel in Lightning Network by two participants? (Edited)
I brought up a similar question here: (Link to question) for a payment channel (in general case and without specifying which payment channel implementation.) Since this funding channels depends on the ...
0
votes
1answer
79 views
meaning of "full node" in Lightning Network?
According to this answer: (Link to answer),
"A 'full node' refers to a fully validating node on the
Bitcoin network, meaning the node validates each block and transaction that happens on the ...