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Hard fork
A hard fork is a fundamental change to a cryptocurrency’s protocol that makes previously invalid blocks and transactions valid, or vice versa.
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Distributed ledger
A distributed ledger is a type of database that is spread across multiple sites, institutions, or geographies.
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Riot Blockchain
Riot Blockchain is a company that specializes in blockchain technology and cryptocurrency mining.
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Genesis block
A genesis block is the first block of a blockchain.
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Grayscale Bitcoin Trust (GBTC)
The Grayscale Bitcoin Trust is a popular investment vehicle for those looking to gain exposure to the price movement of Bitcoin without the challenges of buying and securely storing the underlying asset.
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Mining
Cryptocurrency mining is a process by which new transactions are added to the blockchain, the digital ledger that underpins most cryptocurrencies.
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Altcoins
Altcoins, also known as alternative cryptocurrencies, are digital or virtual currencies that are designed to be used as alternatives to the well-known and widely-used cryptocurrency, Bitcoin.
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Bitcoin halving
Bitcoin halving is a term that is used to describe the event that occurs when the number of new bitcoins being created and added to the market is cut in half.
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Bitcoin pizza purchase
On May 22, 2010, a programmer named Laszlo Hanyecz made history by completing what is believed to be the first-ever purchase using bitcoin. Hanyecz bought two Papa John’s pizzas for 10,000 bitcoins, a transaction that at the time was valued at around $25.
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Bitcoin Law
El Salvador’s Bitcoin Law, which was passed by the country’s Legislative Assembly in June 2020, officially recognizes Bitcoin as a form of currency that can be used for any legal transaction, including the payment of taxes.
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