Bitcoin101

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 bitcoin exchanges and mandate the provision of personal identifying information from investors. ASIC (Application-Specific Integrated Circuit): Application-specific integrated circuits (ASICs) are computer chips…

What Are the Benefits of SegWit? As probably its most notable fix, SegWit got rid of transaction malleability. Before SegWit, an oddity about Bitcoin’s cryptographic signatures made it such that transactions could be tweaked to “look” different, even by people who hadn’t themselves created the transaction. While this wouldn’t make the transaction invalid or change…

A Bitcoin Improvement Proposal (BIP) is a standard for proposing changes to the Bitcoin protocol, or in some cases a source for information for the Bitcoin community. Additionally, some BIPs are proposed changes to the BIP process itself. BIPs can include consensus-critical changes (like soft fork and hard fork protocol upgrades) but also other changes…

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 entry. So, the question…