Questions tagged [terminology]

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

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12
votes
1answer
5k views

Replace-by-Fee vs Child-pays-for-Parent?

Both RBF and CPFP attempt to solve the problem of transactions not confirming because of an insufficient fee. What are the pros/cons of using one vs the other? Are both currently functional and ...
4
votes
1answer
208 views

I keep hearing about MAST, what is it and what does it do?

So, somebody asked me about MAST yesterday. Apparently, it's formalized in BIP114 – Merkelized Abstract Syntax Trees. I couldn't explain what it was and what advantages it'll bring us. What are ...
2
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3answers
991 views

What is the meaning of the term “full-node”?

There seem to be some different interpretations of what the term "full-node" implies. E.g. there seems to be some disagreement whether a pruned node is still a full-node. So: What characteristics ...
7
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2answers
3k views

What is the minRelayTxFee?

What is the minRelayTxFee? What is it used for, what's the default value and how does the value change?
6
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3answers
8k views

What does “lock time” mean?

I got a transaction that is still not confirmed for about one week, and I can see a field called "Lock Time" that says: Lock Time Block: 419382 https://blockchain.info/en/tx/...
5
votes
1answer
157 views

What does the blockchain represent?

What does the blockchain represent? Is it the current balance of each account or is it the complete ledger?
1
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1answer
130 views

What is MaxBTC and what it represents?

I am trying to understand what is the phrase "MaxBTC" and for what is it used? I am new to bitcoins. Thank you very much.
1
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1answer
40 views

Is it accurate to refer to Bitcoin as “money”?

For example, would it be considered right if I said "I already gave you the money, Bob!" when I gave him Bitcoin?
7
votes
2answers
6k views

What does “Activating Best Chain” mean?

What does "Activating Best Chain" mean? My Bitcoin Core doesn't freeze, it just takes a while. I'm curious as to what it's doing.
6
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4answers
961 views

What is a Bitcoin wallet?

What is a wallet in the context of Bitcoin? What are wallets used for? What relation do wallets have to other concepts such as addresses, private-keys, client-software, and Bitcoin balances?
5
votes
4answers
21k views

What is a mBTC?

I have been trying to find out just what is an mBTC is. Everywhere I look I cannot find out what the value is compared to a Bitcoin. I was hoping you could advise me of what the value is.
1
vote
1answer
212 views

“Sipa” definition? (old terminology, circa 2011-12)

Vanitygen refers to "Sipa" format here: Currently, it is difficult to import the private key into bitcoin. Sipa's showwallet branch has a new command called "importprivkey" that accepts the ...
1
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1answer
3k views

What does DOA stand for?

What does DOA stand for? I've seen this in the context of P2Pool stales, specifically here.
4
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2answers
306 views

Is there a special name for the block currently at the head of the chain?

Just as we have the genesis block which is block 0, is there a special name for the block currently at the head of the chain? Obviously such a block would be observer dependent and never absolute but ...
1
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2answers
2k views

What exactly is XBTC?

What is xbtc? I saw many articles refered xbtc,just like "btc to xbtc". But there's no material telling what it exactly is.
4
votes
1answer
1k views

What is a block?

I know bitcoin has a block chain that is from my best representation a list of blocks. I know the block holds many transactions. But i'm still very much lost as to what a block is and how a block can ...
0
votes
1answer
246 views

What does it mean when a block is “kicked”?

While mining on a NOMP mining pool, I noticed that when you add the confirmed blocks and pending blocks together, they rarely add up to the total blocks found. It is my understanding that the missing ...
1
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1answer
47 views

What is NXT's “lessor”?

While reading NXT's API wiki page I came across something called a "lessor", but I can't find its definition anywhere. What is a lessor?
2
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1answer
168 views

Is BIP analogous to RFC?

It seems that a BIP (Bitcoin Improvement Proposal) is very similar to an RFC (Request for Comments). Can anybody confirm this, or describe major differences in the two approaches?
3
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1answer
235 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 ...
59
votes
5answers
26k views

What is a soft fork?

When people talk about possible changes to how Bitcoin works they sometimes say a particular change can be implemented as a soft fork. What does that mean? How does this compare to a hard fork?
2
votes
2answers
145 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 ...
4
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2answers
2k 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 ...
2
votes
1answer
223 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 ...
2
votes
1answer
448 views

How is hash rate of mining hardware calculated

The mining hardware does a double sha-256 hash of the header while mining. Is each sha-256 operation counted when determining the hash rate or is the whole sha256(sha256(header)) counted as one hash? ...
5
votes
1answer
910 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.
6
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2answers
2k 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?
1
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2answers
116 views

The correct term for Bitcoin currency

I have been reading about Bitcoin and the history of it. But I was not able to find a term that actually describes Bitcoin. I am looking for a term that is not only for Bitcoin but any digital ...
-1
votes
1answer
1k views

CPUminer minerd output confusion (OLY & crypticpool). How do I get multiple, “yay!!!” in a single block?

I'm a bit confused by the output of my minerd from cpuminer because my understanding is that there is a 3 minute block target time, but somehow I got 4 submitted hashes in less than a minute, and it ...
3
votes
1answer
980 views

In pooled mining, what is pdiff, bdiff and ldiff?

In pooled mining, there seem to be three different terms for difficulty in use. Apparently, the Stratum protocol uses bdiff, BTCGuild uses pdiff, and Ldiff is common for various Scrypt pools as ...
-1
votes
1answer
6k views

Yield Conversion [duplicate]

If you're mining at a yield of xBTC/Ghs how would you convert that to xBTC/Khs? For example; what would .0009231BTC/Ghs convert to in /Khs? Also, to calculate your total projected yield would you ...
3
votes
2answers
1k views

Why the “Unspent Transaction Output Set” is called “UTXO”, not “UTOS”?

Just out of curiosity, the Wiki says UTXO means "Unspent Transaction Output", but what does each letter mean in the acronym?
-2
votes
0answers
9k views

What is the conversion then for MH/s to GH/s and so on [duplicate]

I've seen this answer and maybe I'm just tired What is the difference between kH/s, MH/s, and GH/s? 1 kH/s is 1,000 hashes per second (sometimes mistakenly written KH/s). 1 MH/s is 1,000,000 ...
8
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4answers
4k 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 ...
3
votes
2answers
10k views

What is a worker?

Lots of cryptocoin sites and in particular mining pools use the term 'worker,' but there is no clear definition. What is a worker?
1
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1answer
5k views

What does “new block detected on network before long poll” mean?

I'm new to mining and I'm mining doge coins. My mining client reported new block detected on network before longpoll but it doesn't seem like I'm actually mining anything. What does this mean?
12
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2answers
5k 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.
-1
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1answer
2k views

In slush pool…what does a yay!!! mean whe n using cpuminer

I am new to bit coins. I an now running slush pool. What does a yay!!! mean? Is the number of yays a good thing? I had more servers..I get more yay!!!! Thanks My bad. Here is the lib I am using....
3
votes
2answers
120 views

Blockchain length by number of blocks or transactions?

It is my understanding that the longest blockchain is the one that should be used. Is "longest" measured by the number of blocks or the number of transactions?
8
votes
1answer
7k views

What was the goal of creating the feature of immature coins?

I just ran into the idea of immature coins. Can someone explain to me the idea behind immature coins and what was the purpose of it?
3
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5answers
4k 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
votes
1answer
79 views

what does less power costs parameter mean?

I see Less power costs everywhere, what is the difference between Less Power Costs vs. 24h Power Cost ? http://www.bitcoinx.com/profit/
2
votes
1answer
2k views

What does the Accepted/Rejected mean?

I'm using a Bitcoin Miner on Btc Guild. It's showing 12 Accepted, 0 Rejected. What does that mean?
4
votes
1answer
350 views

Who has named 10e-8 BTC “Satoshi”?

When and where did the term come up for the first time? Did Satoshi Nakamoto comment on the naming?
11
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1answer
11k views

Definition of blockchain height

What is the definition of blockchain height and how is it found/calculated. I get the idea it is related to the SO answer by Gary Rowe, but the word "height" is not mentioned. Yet I see references to ...
1
vote
3answers
9k views

mining for quark

I installed quarkcoin-qt and wanted to see if I can get it to mine any quarks. I opened the necessary port and it synchronized. I opened its console window and connected to the network using ...
9
votes
1answer
36k views

What does “accepted shares” mean?

I am running GUIMiner and Triplemining server. I currently have just under 100 "shares" accepted. What does this mean? What are accepted shares used for? How do accepted shares relate to "blocks"? ...
1
vote
1answer
3k 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") ...
6
votes
1answer
14k views

What do `minerd`s feedback messages (LONGPOLL, yay, boo) mean?

I have been testing a script that essentially runs (incomplete command shown here!): minerd --algo scrypt -s 45 --retry-pause 5 --threads $threads --url ... Among the feedback messages, while minerd ...
1
vote
1answer
103 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"?