Top 17 Bitcoin Related Abbreviations and Terms Investors Should Know

Remember when we said you need some knowledge to perform better at the Bitcoin trading market? Turns out you need to know other things as well apart from the market and strategies.

One of the most important things you must know is the terminology and the abbreviations associated with Bitcoin trading. You will not be able to understand what people are talking about or other fuss if you don't keep yourself updated with all the terms related to it.

Bitcoin Related Abbreviations

So to make it easier for you we have enlisted all the important terms one must know to understand everything better related to Bitcoin. So without wasting any more time let's see below.

Top 17 Bitcoin Related Abbreviations and Terms Investors Should Know

1. Miner

The miner can be any person willing to contribute a little to the blockchain network. These contributions include computing power, electricity, and mining software.

2. Mining Pool

In continuation to miners, a mining pool is a place where all the miners work together under the same blockchain network.

3. ASIC Processor/Miner

ASIC processors are the processors that are specially designed to solve a particular type of calculation. Every single processor has a chip inside of it. They hold the power of solving bitcoin-related problems using a hashing algorithm called the SHA256.

4. Hash

Hashing is the action of outputting data. This action is needed to confirm and process Bitcoin transactions smoothly.

5. Hashrate

Hashrate is the unit by which the performance of a mining computer is addressed. It is usually expressed in hashes/second. 

6. Altcoin

An altcoin is an alternative cryptocurrency apart from Bitcoin. Such as Litecoin, Ethereum, Dogecoin, etc.

7. Bitcoin ATM

Bitcoin ATM is like a regular ATM Bitcoin traders are provided with after depositing physical currencies for investment.

8. Bitcoin Whitepaper

Bitcoin Whitepaper is the original draft written by Satoshi Nakamoto in the year 2008 which has all the rules, regulations, plans, and protocols related to Bitcoin trading.

9. Blockchain

Blockchain is the listed name of every block that has been mined since the beginning of Bitcoin.

10. Bitcoin Price Index

BPI or Bitcoin price index is the price of Bitcoin against all the other types of cryptocurrencies or other currencies.

11. Bitcoin Improvement Proposal

BIP or Bitcoin Improvement Proposal is a theory that anyone can propose that will bring a positive change in the ever-evolving trading market.

12. LN or Lightning Network

Lightning Network is an independent second-layer network that allows Bitcoin traders to send or receive small payments easily without any hassle or high fees. After a certain period, all these payments start to build up under the blockchain.

13. mBTC

mBTC is the unit to measure 1 thousand Bitcoin.

14. Microtransaction

As the name suggests Microtransactions are all about paying for something in a very little amount. Kudos to the fact that currently, the smallest amount you can pay using Bitcoin is 8 decimal.

Microtransactions are essentially important for casinos and bars where they have regular gamblers gambling and paying small or huge amounts of sums.

15. Mixing Services

Mixing services is the technique of associating bitcoin with different users by switching up their addresses. This can be done for two purposes. One is for privacy and security and the other is money laundering.

16. Namecoin

Namecoin is another type of altcoin that lets people purchase domain names in exchange for namecoin. 

17. Paper Wallet

Printed on paper versions of Bitcoin that are more secure according to some people because of them being offline.

Conclusion:

We have curated a bunch of terms related to Bitcoin for you to learn. Hoping this would help you grow better and for more bitcoin-related info, visit https://bit-trader.io/.

COMMENTS


/fa-youtube/ Latest Tech Videos!

Name

25PP,2,3G,3,4G,4,Absinthe,5,Adobe Flash,3,Ads,21,Affiliate Marketing,9,AliExpress,1,Amazon,53,Amazon Phone,1,Amazon Tablet,7,AMD,5,Android,251,Android 10,2,Android 11,2,Android 12,2,Android 6,3,Android 7,4,Android 8,9,Android 9,4,Android APK,35,Android Apps,124,Android Auto,3,Android Games,20,Android GApps,3,Android Gingerbread,2,Android Ice Cream Sandwich,8,Android Jelly Bean,21,Android KitKat,12,Android Lollipop,10,Android Marshmallow,3,Android N,5,Android Nougat‬,5,Android O,7,Android Oreo,8,Android P,2,Android PC Suites,1,Android Pie,3,Android Q,2,Android R,2,Android SDK,9,Android TV,10,Android USB Drivers,2,Android Wear,10,Angry Birds,6,Anti Virus,18,App Developer,43,Apple,729,Apple CarPlay,1,Apple Pay,2,Apple Store,19,Apple TV,107,Apple Watch,67,Apps,128,ARM,2,Asus,2,ATT,7,Baidu,2,Battery,2,Bill Gates,2,Bing,16,Bitcoin,20,Bittorrent,5,BlackBerry,11,BlackBerry App,3,Blockchain,15,Blogger,44,Blogs,76,Bluetooh,6,Business,462,BuySellAds,1,Call Center,7,Camera,7,Cars,16,CCTV,1,Certifications,15,China Mobile,3,Chrome,26,Chrome OS,6,ChromeBook,2,ChromeBox,2,Chromium,4,CISPA,1,Cloud,35,CMS,6,Communication,20,Computer,76,Cortana,1,Credit Cards,8,CRM,12,Cryptocurrency,21,Currency,21,Cyberbullying,7,Cydia,47,Cydia Apps,11,Cydia Tweaks,11,Debit Cards,6,Developers,62,Digital Camera,8,Digital Marketing,362,Digital Signage,3,Disqus,1,DMCA,1,Doodle,1,DOS,1,Downgrade,16,Dropbox,1,Drupal,3,Earn Money Online,60,EarPods,1,eCommerce,46,Electra,6,Electronic Arts,1,Emulator,5,Encryption,2,Entrepreneurs,100,eReader,4,eSignature,1,Ethereum,6,Evasi0n,16,eWallet,7,Facebook,136,Facebook Ads,12,Facebook Apps,19,Facebook Credits,4,Facebook Developers,4,Facebook Like,8,Facebook Marketing,13,Facebook Messenger,5,Facebook Pages,9,Facebook Photos,2,Facebook Stocks,2,FacePAD,1,FaceTime,2,FileSonic,2,Firefox Add-Ons,2,Firefox OS,2,Fitbit,1,Foursquare,1,FP,18,Framaroot,4,Free Stuff,27,Gadgets,207,Galaxy Nexus,2,Galaxy S-Voice,2,Game of Thrones,1,Games,62,Gaming Console,12,Gaming Laptops,13,GApps,2,GearBest,6,Gifts,6,Gmail,13,Google,252,Google +1,10,Google Ads,5,Google Adsense,3,Google Adwords,5,Google Analytics,1,Google Apps,11,Google Earth,2,Google Fit,2,Google Glass,8,Google IO Conference,4,Google Map,7,Google Music,2,Google Nexus,13,Google Nexus Player,1,Google Panda,1,Google Penguins,1,Google Play Edition,1,Google Play Store,18,Google Plus,17,Google Plus Pages,6,Google Search,42,Google TV,5,Google Voice,6,Google Wallet,1,Google+,16,Google+ App,1,Google+ Pages,6,Graphic Design,10,GreenPois0n,28,Groupon,6,GSM,3,Guest Posts,10,h3lix,2,Hack,89,Hackintosh,4,Hard Disk,14,Hard Drive,17,HDD,16,Headsets,6,HealthVault,1,Home Automation,14,Honor,1,Hootsuite,1,Hostgator,2,Hotspot Shield,1,HP,2,HTC,16,HTC One,6,HTML5,16,HTTPS,3,Huawei,4,Huawei Honor,3,Hyper-V,4,IBM,2,iCloud,31,iGoogle,2,iMac,10,Infographic,196,Instagram,19,Intel,8,Internet,478,Internet Explorer,18,Internet IPOs,1,Internet Marketing,171,Internet Protocols,4,iOS,456,iOS 10,21,iOS 11,28,iOS 12,30,iOS 13,20,iOS 14,24,iOS 15,4,iOS 4,1,iOS 5,17,iOS 5.0.1,5,iOS 5.1,9,iOS 5.1.1,12,iOS 5.2,1,iOS 5.2.1,1,iOS 6,73,iOS 6.0.1,13,iOS 6.0.2,5,iOS 6.1,21,iOS 6.1.1,3,iOS 6.1.2,4,iOS 6.1.3,7,iOS 6.1.4,4,iOS 6.1.5,2,iOS 6.1.6,2,iOS 7,58,iOS 7.0.1,2,iOS 7.0.2,2,iOS 7.0.3,1,iOS 7.0.4,2,iOS 7.0.5,1,iOS 7.0.6,5,iOS 7.1,25,iOS 7.1.1,6,iOS 7.1.2,6,iOS 8,60,iOS 8.0.1,5,iOS 8.0.2,5,iOS 8.1,12,iOS 8.1.1,2,iOS 8.1.2,1,iOS 8.1.3,1,iOS 8.2,6,iOS 8.3,5,iOS 8.4,10,iOS 8.4.1,4,iOS 9,33,iOS 9.0.1,1,iOS 9.0.2,1,iOS 9.1,6,iOS 9.2,2,iOS 9.2.1,2,iOS 9.3,3,iOS 9.3.1,2,iOS 9.3.2,4,iOS 9.3.3,4,iOS 9.3.4,2,iOS 9.3.5,2,iOS Apps,90,iOS Beta,24,iOS Games,19,IP,3,iPad,423,iPad 2,54,iPad 3,47,iPad 3G,1,iPad 4,9,iPad Air,4,iPad Apps,32,iPad Mini,29,iPad Mini 2,2,iPad Siri,4,iPadOS,47,iPhone,483,iPhone 3G,52,iPhone 3GS,6,iPhone 4,63,iPhone 4S,67,iPhone 5,33,iPhone 5C,4,iPhone 5S,14,iPhone 6,31,iPhone 6 Plus,9,iPhone 7,2,iPhone Apps,32,iPhone Siri,7,IPO,3,iPod,394,iPod Apps,18,IPv4,1,IPv5,1,IPv6,1,iShower,1,iShower Speaker,1,IT,2,iTunes,195,Jailbreak,135,Jailbreak Tools,43,Jitterbug Touch,1,Joomla,5,Kaspersky,1,Keyboards,3,Keylogger,2,Kindle,9,Kindle Fire,3,Kingo,2,KingRoot,1,Laptop,76,Lasers,1,Launchers,3,Lava,1,LCD,2,Legal,5,Lenovo,2,Lenovo ThinkPad,1,LG,9,LiberiOS,2,Lightning Cables,1,Link Building,4,LinkedIn,4,Linux,13,Lockerz,1,Logitech,1,Lync Desk Phones,1,Mac,228,Mac Mini,4,Mac OS X,202,MacBook,10,MacBook Air,16,MacBook Pro,16,Macintosh,7,macOS,101,macOS 10.12,9,macOS 10.13,9,macOS 10.14,8,macOS 10.15,9,macOS 11,12,macOS 12,2,macOS Beta,5,macOS Big Sur,12,macOS Catalina,9,macOS High Sierra,9,macOS Mojave,8,macOS Monterey,2,macOS Server,3,macOS Sierra,9,Magento,2,Mambo,3,Maps,9,Mark Zuckerberg,2,Marketing,141,Marketplace,3,Meego,2,Megaupload,1,Meizu,1,Micromax,1,Microsoft,206,Microsoft Office,40,Microsoft SharePoint,1,Microsoft Surface,3,Microsoft Surface Pro,2,MIUI,3,Mobile,760,Mobile App Developers,36,Mobile Apps,214,Mobile Broadband,1,Mobile OS,32,Mortgage,1,Moto X,1,Motorola,6,Mouse,3,Movies,1,Mozilla Firefox,16,Music,16,MySpace,2,Nasdaq,1,Net Meeting,1,Nexus,7,NFC,1,Nikon,1,Nintendo,4,Nintendo 3DS,3,Nokia,31,Nokia Belle,2,Nokia Lumia,8,Nokia Normandy,1,Nokia Store,2,Nokia X,6,Notebook,1,Nuance,1,Office 2010,9,Office 2013,3,Office 2016,13,Office 2021,1,Office 365,10,OnePlus,1,Open Graph,1,Open Source,1,Opensn0w,1,Opera,6,Opera Mini,2,Operating System,91,Oppo,1,Oracle,2,Orkut,1,OS,47,OS X 10.10,65,OS X 10.10.1,6,OS X 10.10.2,9,OS X 10.10.3,10,OS X 10.10.4,6,OS X 10.10.5,4,OS X 10.11,25,OS X 10.11.1,3,OS X 10.11.2,2,OS X 10.11.3,2,OS X 10.11.4,2,OS X 10.11.5,3,OS X 10.11.6,2,OS X 10.8,2,OS X 10.9,37,OS X 10.9.1,2,OS X 10.9.2,5,OS X 10.9.3,12,OS X 10.9.4,7,OS X 10.9.5,5,OS X El Capitan,23,OS X Mavericks,40,OS X Mountain Lion,17,OS X SDK,9,OS X Server,48,OS X Server 3,5,OS X Server 4,15,OS X Server 5,9,OS X Yosemite,60,Outlook,13,Ovi,2,Ovi Store,1,P0sixspwn,1,P2P,1,PageRank,2,Pangu,11,Payments,17,Payoneer,2,PayPal,4,PDF,8,Personalization,1,PhotoBox,1,Photography,7,Picnik,1,Pinterest,2,PIPA,2,Piracy,3,PlayStation,6,PlayStation 4,4,Pocophone,2,Pod2g,2,Podcasts,2,Powerpoint,2,PP,2,Printers,10,Privacy,122,Programming,39,Projectors,3,PS4,4,PUBG,1,Python,1,QMobile,1,QMobile Noir,1,RAM,2,Redsn0w,23,Remote Access,8,Root Android,37,Rovio Mobile,4,S-Voice,2,Safari,42,Samsung,58,Samsung Galaxy,30,Schemer,1,Search Engine,77,Search Engine Marketing,75,Search Engine Results,52,Seas0nPass,2,Secure Socket Layer,3,Security,149,Selfie,1,SEM,67,SEO,133,SEO Tools,16,SERP,2,Server,12,Shopping,84,Signage,1,Sileo,2,SIM Card,2,Siri,12,SkyDrive,3,Skype,5,SlideShare,1,Small Business,418,Smart TV,4,Smart Watch,7,Smartphones,706,SMM,8,SMO,15,Sn0wbreeze,5,SnapChat,3,Social Media,138,Social Media Marketing,100,Social Media Optimization,66,Social Media Tools,12,Social Networking,192,Software,323,Sony,19,Sony Ericsson,5,Sony VAIO,1,Sony Xperia,3,SOPA,2,Speakers,3,Sprint,2,Spyware,2,SSD,16,SSL,2,Startups,267,Statistics,23,Stock,3,Stock Photography,3,Stock Photos,2,Storage,26,Store,46,Swift,12,Swype,1,Symbian,8,T-Mobile,4,Tablets,594,TaiG,5,TechGlobeX,3,TechGlobeX.net,1,Technology,285,Telephone,1,Television,8,Templates,5,TinyUmbrella,2,Tools,202,Torrent,4,Toshiba,2,Toshiba Satellite,1,TuneUp Utilities,1,TV,11,tvOS,55,Twitter,19,TypePad,3,Ubuntu,6,Ultrasn0w,1,Unlock,43,USB Debugging,2,uTorrent,5,Verizon,4,Video Marketing,15,Video Optimization,18,Videos,51,Vimeo,1,Virtualization,10,Virus,10,Visual Studio,3,Vlogging,3,Vlogs,3,Vodafone,2,Voice Call,20,VoIP,16,VPN,22,Wallpapers,1,Walmart,2,watchOS,64,Wearables,14,Web,221,Web Browser,29,Web Browser Plugins,5,Web Design,43,Web Development,71,Web Domains,15,Web Hosting,34,Web Servers,22,Western Digital,1,WhatsApp,6,Whited00r,1,WiFi,6,WiFi Calling,4,WiFi Hotspots,6,Windows,169,Windows 10,21,Windows 10 Enterprise,2,Windows 10 Mobile,1,Windows 10 Pro,2,Windows 10 Server,3,Windows 11,1,Windows 7,33,Windows 8,48,Windows 8 Pro,3,Windows 8 RT,3,Windows 8.1,6,Windows 8.1 Enterprise,1,Windows 9,4,Windows Apps,4,Windows Live,3,Windows Live Essentials,5,Windows Live Messenger,6,Windows Media Center,1,Windows Mobile,19,Windows Phone,47,Windows Phone 10,1,Windows Phone 7,10,Windows Phone 7.5,5,Windows Phone 8,9,Windows Phone 8.1,1,Windows Phone Apps,1,Windows Phone Mango,3,Windows Phone SDK,1,Windows Server,7,Windows Server 2012,2,Windows Server 2016,2,Windows Server 2019,1,Windows Server 2022,1,Windows Server 8,1,Windows Vista,5,Windows XP,6,Wireless,4,Wordpress,52,Wordpress Plugins,6,Wordpress Themes,9,WWDC,65,Xbox,6,Xbox 360,6,Xbox One,3,Xcode,83,Xiaomi,8,Yahoo,15,Yalu,3,YouTube,17,Zong,1,ZTE,1,Zune,2,Zynga,1,
ltr
item
TechGlobeX: Top 17 Bitcoin Related Abbreviations and Terms Investors Should Know
Top 17 Bitcoin Related Abbreviations and Terms Investors Should Know
https://1.bp.blogspot.com/-CbaKY57D8sM/YM-Bt1I8bmI/AAAAAAAASqw/Xr55rMIl8P8xYKhGRpMKBzhzELzcK7OoACLcBGAsYHQ/s16000/Bitcoin%2BRelated%2BAbbreviations%2Band%2BTerms%2BInvestors%2BShould%2BKnow.jpg
https://1.bp.blogspot.com/-CbaKY57D8sM/YM-Bt1I8bmI/AAAAAAAASqw/Xr55rMIl8P8xYKhGRpMKBzhzELzcK7OoACLcBGAsYHQ/s72-c/Bitcoin%2BRelated%2BAbbreviations%2Band%2BTerms%2BInvestors%2BShould%2BKnow.jpg
TechGlobeX
https://www.techglobex.net/2021/06/bitcoin-abbreviations-terms.html
https://www.techglobex.net/
https://www.techglobex.net/
https://www.techglobex.net/2021/06/bitcoin-abbreviations-terms.html
true
6015647009126982431
UTF-8
Loaded All Posts Not Found Any Posts VIEW ALL Read More Reply Cancel Reply Delete By Home PAGES POSTS View All RELATED ARTICLES: TOPIC ARCHIVE SEARCH ALL POSTS Not Found Any Post Match With Your Request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Just Now 1 Minute Ago $$1$$ minutes ago 1 Hour Ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago More Than 5 Weeks Ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share To A Social Network STEP 2: Click The Link On Your Social Network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content