This short dictionary contains many of the terms that are useful in bitcoin and anyone who deals with it constantly finds them in front of them.
address
Each Bitcoin address consists of a series of letters and numbers beginning with "1" or "3" (number one or three). eg 1DSrfJdB2AnWaFNgSbv3MZC2m74996JafV. Just as you ask others to send emails to your email address, so you will ask them to send you Bitcoin to your Bitcoin address.
bip
Bitcoin Improvement Proposals (BIP). Community members have submitted a series of proposals to improve bitcoin. For example, BIP0021 is a proposal to improve the Uniform Resource Identifier (URI) system of bitcoin. bitcoin The name of the currency (currency), network and software.
block
A set of transactions, marked with a time stamp and a fingerprint of the previous block. The header of the block is entered with "hash" in order to produce "proof of work" and therefore to validate the transactions. Certified blocks are added to the main "blockchain" through the consent of the network.
blockchain - chain
A list of validated blocks. Each is linked to its predecessor up to the "genesis block".
confirmations
Once a transaction is included in a block, it has a confirmation. Once another block is mined in the same blockchain, the transaction has two confirmations, and so on. Six or more confirmations are considered sufficient proof that this transaction cannot be reversed.
difficulty
An entire network control that controls how much calculation is needed to produce proof-of-work.
difficulty goal
The difficulty is that the entire network calculation finds blocks about every 10 minutes.
difficulty reintegration
The whole recalculation of the network difficulty that takes place once every 2,106 blocks and calculates the "hash" power of 2,106 blocks.
charges
The sender of the transaction often includes an outlet to the network to carry out the requested transaction. Most transactions require a minimum charge of 0.5 mBTC.
hash - fragmentation
A digital footprint from some binary data imports.
genesis block
The first blockchain blockchain used to launch cryptocurrency.
miner
A network node that finds valid proof-of-work for new blocks, with repeated "hashing".
network
A peer-to-peer network that distributes transactions and blocks at each bitcoin node on the network.
Proof-Of-Work
A data group that requires a large calculation to be found. In bitcoin, miners need to find a numerical solution to the SHA256 algorithm that meets the overall goal of the network, the difficulty target.
private key
The secret number that unlocks the bitcoin that was sent to each address. A secret key has the following form: 5J76sF8L5jTtzE96r66Sf8cka9y44wdpJjMwCxRx3ttzLh3ibVPPxh.
transaction
Simply put, a transfer of bitcoins from one address to another. More specifically, a transaction is a signed data structure that expresses some value transfer. Transactions transmitted to the bitcoin network, collected by miners and included in the blocks, remain permanently in the blockchain.
wallet
Software that stores all your Bitcoin addresses and secret keys. Use it to send, receive and even save your bitcoin.
