It is a quick reference to the most important Bitcoin terminology. Please check any term to reveal the definition.
Bitcoin Glossary
There are currently 6 names in this directory beginning with the letter P.
Paper Wallet
A type of cold storage wallet where private keys are printed on a piece of paper or other physical medium.
Peer to Peer
A type of network where participants communicate directly with each other rather than through a centralized server. The Bitcoin network is peer to peer.
Private Key
A string of letters and numbers that can be used to spend bitcoins associated with a specific Bitcoin address.
Proof of Work
A piece of data that requires a significant amount of computation to generate but requires a minimal amount of computation to be verified as being correct. Bitcoin uses proof of work to generate new blocks.
Protocol
The official rules that dictate how participants on a network must communicate. Bitcoin's protocol specifies how each node connects with the others, how many bitcoins will exist at any point in time, and defines other aspects of the network.
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