Base Fee
A base fee is the protocol-determined minimum fee per unit of execution or data that a transaction must pay to be eligible…
Glossary terms starting with B
Numbers and symbols are grouped under #. Letter matching ignores case and uses the first displayed title character.
Base Fiat Currency
Base fiat currency is the primary government-issued currency a business uses to price, report, compare, or account for crypto payments. It provides…
Base58
Base58 is a text encoding that represents binary values with 58 alphanumeric characters while excluding characters that are easily confused, such as…
Base58 Address
A Base58 address is a blockchain address encoded with a 58-character alphabet that omits visually confusing characters. Bitcoin legacy addresses commonly use…
Base58Check
Base58Check is a Bitcoin encoding format that combines version or type information, a payload, and a short checksum before converting the result…
Based Rollup
A based rollup is a rollup whose transaction sequencing is driven by Ethereum Layer 1 proposers rather than controlled exclusively by a…
Batch Minting
Batch Minting is the creation of multiple token units, token IDs, or NFT items through one coordinated operation, transaction group, or contract…
Batch Payment
A batch payment groups multiple payment instructions for submission or processing together at a planned time. Each underlying payment should retain its…
Batch Payment Reconciliation
Batch Payment Reconciliation is the reconciliation of a grouped set of payment instructions or settlements processed under a shared batch or file…
Batch Payout
A batch payout submits multiple outgoing recipient payments as one managed batch. The batch simplifies approval and transmission, but each payout remains…
Batch Processing
Batch processing collects records or tasks and processes them together instead of handling each item immediately. Payment systems use it for file…
Batch Settlement
Batch settlement settles a group of payment obligations during a defined processing cycle rather than settling each transaction individually when it occurs.…
Batch Transaction
A batch transaction is one blockchain transaction that groups multiple instructions, calls, transfers, or state changes for processing as a unit. Batching…
Beacon Chain Proof
A Beacon Chain proof lets another system verify a specific Ethereum consensus-layer fact using signed headers, commitments, and Merkle branches. The phrase…
Bearer Token
A bearer token is an authorization credential that grants access to whoever presents it in the required request format. Bearer-token authorization is…
Bech32
Bech32 is a checksummed text encoding introduced for native Bitcoin SegWit version 0 addresses. It uses a human-readable prefix, a restricted lowercase…
Bech32 Address
A Bech32 address is a human-readable Bitcoin address format defined for native SegWit version 0 outputs, using a lowercase alphanumeric encoding and…
Bech32m
Bech32m is the modified Bech32 checksum format used for Bitcoin SegWit witness version 1 and later, including Taproot addresses. It retains Bech32’s…
Bech32m Address
A Bech32m address is a Bech32-derived Bitcoin address format with an updated checksum, used for SegWit witness version 1 and higher, including…
Beneficiary
A beneficiary is the person, business, account, or legal entity ultimately entitled to receive the economic value of a payment. The beneficiary…
Beneficiary Name Check
Beneficiary Name Check is a pre-payment comparison between the beneficiary name supplied by the payer and the name associated with the destination…
BEP-1155
BEP-1155 is the BNB Smart Chain adaptation of the multi-token contract pattern for managing fungible and non-fungible assets together. Batch transfers and…
BEP-2
BEP-2 is the historical token-management standard used on BNB Beacon Chain for issuing, transferring, minting, burning, and freezing assets. BNB Chain Fusion…
BEP-20
BEP-20 is the standard interface for fungible token contracts on BNB Smart Chain, derived from Ethereum's ERC-20 model. Compatibility does not make…