Bitcoin101

Bitcoin Glossary of Terms Quantum computing is a form of computing based on quantum physics. Updated 17 November, 2020 at 06:48 UTC A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | # Aa Address: See “Bitcoin Address” AML (Anti-Money Laundering): Anti-Money Laundering (AML) regulations and procedures are governmental requirements intended to stop criminals from disguising the origins of their funds. AML restrictions often apply to …

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What Is Quantum Computing? Quantum computing is a form of computing based on quantum physics. Updated 24 January, 2021 at 06:48 UTC​ Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics …

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What Are Bitcoin Mixers? Bitcoin mixers are solutions (software or services) that let users mix their coins with other users, in order to preserve their privacy. Updated 24 January, 2021 at 06:48 UTC​C While Bitcoin addresses are “pseudonymous” — meaning, they don’t, in themselves, reveal the identity of their owner — they can often still …

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What Is SegWit? SegWit is short for Segregated Witness. It was perhaps the biggest Bitcoin protocol upgrade to date, which wrapped several improvements and fixes into one. Updated 24 January, 2021 at 06:48 UTC​ What Are the Benefits of SegWit? As probably its most notable fix, SegWit got rid of transaction malleability. Before SegWit, an …

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What Is The Bitcoin Block Size Limit? The Bitcoin block size limit is a parameter in the Bitcoin protocol that limits the size of Bitcoin blocks, and, therefore, the number of transactions that can be confirmed on the network approximately every 10 minutes. Updated 24 January, 2021 at 06:48 UTC​ The Bitcoin block size limit …

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What Is The Lightning Network? The Lightning Network is a Layer 2 protocol for Bitcoin, specifically designed for cheap, fast and private payments.  Updated 24 January, 2021 at 06:48 UTC​ The Lightning Network is a Layer 2 protocol for Bitcoin, specifically designed for cheap, fast and private payments. As an overlay network consisting of payment …

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What Is A Bitcoin Improvement Proposal (BIP)? Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not; what can be written off and what can’t; and which assets need to be listed and which do not. Add to that the confusion around digital currency and …

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Bitcoin And Taxes Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not; what can be written off and what can’t; and which assets need to be listed and which do not. Add to that the confusion around digital currency and its status in the …

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What Are Bitcoin Wallets? Storing bitcoin in a safe location has its challenges. This is because bitcoins aren’t physically “stored” anywhere. As a purely digital entity, it is not as if they are held in bank vaults or stuffed under mattresses. They are accessible through Bitcoin addresses, which require a set of digital keys for …

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How To Keep Bitcoins Safe If you are thinking through the process of accruing bitcoins, you may be wondering where to keep them once you’ve done so. After investing time and resources into the digital asset, can you be sure they are locked safely away for when you want to use them? Updated 16 November, …

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