Glossary Terms Starting with B

BIP 157 Client-Side Block Filtering

BIP 157 client-side block filtering is a privacy-oriented light-client mechanism in Bitcoin that lets clients query block filters from peers to identify…

BIP 158 Compact Block Filters

BIP 158 defines compact block filters as a Golomb-coded set representation of selected Bitcoin block data that lets light clients efficiently test…

Bitcoin (BTC)

Bitcoin is the native digital asset of the Bitcoin network, a public proof-of-work blockchain designed for peer-to-peer value transfer without a central…

Bitcoin Address

A Bitcoin address is a network-specific encoding of spending conditions that helps a sender construct the output script for a payment. Common…

Bitcoin Cash (BCH)

Bitcoin Cash is the native digital asset of the Bitcoin Cash Network, a public proof-of-work blockchain with a UTXO transaction model. BCH…

Bitcoin Cash Network

The Bitcoin Cash Network is a public proof-of-work blockchain that records BCH transactions through a UTXO-based ledger and peer-to-peer node network. It…

Bitcoin Cluster Mempool

Bitcoin Cluster Mempool is a Bitcoin Core mempool design that groups unconfirmed transactions connected through parent-child dependencies into clusters. It evaluates those…

Bitcoin Compact Block Relay

Bitcoin Compact Block Relay is the BIP 152 protocol for propagating newly mined blocks with less bandwidth and lower delay. Instead of…

Bitcoin Invoice

Bitcoin Invoice is a payment request that specifies Bitcoin as an accepted or required payment asset and provides the amount, destination, timing,…

Bitcoin Network

The Bitcoin Network is the global peer-to-peer system of nodes, miners, wallets, and users that validates and propagates native Bitcoin transactions and…

Bitcoin Ordinal

Bitcoin Ordinal is a satoshi tracked under ordinal theory, a numbering and transfer convention that assigns an individual identity to each satoshi…

Bitcoin Payment

A Bitcoin payment is a transfer of native BTC intended to settle an invoice, purchase, debt, donation, or other obligation. The payer…

Bitcoin Payment Link

Bitcoin Payment Link is a shareable URL or wallet-compatible link that presents or encodes the information needed to initiate a Bitcoin payment.…

Bitcoin Payout

Bitcoin Payout is an outbound Bitcoin transfer made by a business or platform to a customer, supplier, affiliate, worker, merchant, or other…

Bitcoin Refund

Bitcoin Refund is a return of value to a payer through a new Bitcoin transaction after an earlier payment is reversed, adjusted,…

Bitcoin RPC

Bitcoin RPC is the remote procedure call interface used by software to query and control a Bitcoin Core node or wallet through…

Bitcoin Rune

Bitcoin Rune is a fungible digital commodity created and transferred through the Runes protocol using data embedded in Bitcoin transactions and balances…

Bitcoin Settlement

Bitcoin Settlement is the completion of a Bitcoin-denominated payment obligation according to an agreed operational and accounting standard. Blockchain inclusion or confirmations…

Bitcoin SV (BSV)

Bitcoin SV is the native cryptocurrency of the BSV blockchain, which emerged from the 2018 Bitcoin Cash split and maintains its own…

Bitcoin Transaction

A Bitcoin transaction is a serialized data structure that consumes existing unspent transaction outputs and creates new outputs. Inputs reference prior UTXOs…

Bitcoin TRUC Transaction

A Bitcoin TRUC transaction is an unconfirmed transaction that opts into Topologically Restricted Until Confirmation policy by using transaction version 3. Supporting…

Bitcoin v3 Transaction Policy

Bitcoin v3 transaction policy is the earlier implementation name for the node policy now commonly called TRUC, or Topologically Restricted Until Confirmation.…

Bitcoin Wallet

A Bitcoin wallet is software or hardware that manages keys, addresses, transaction construction, UTXO selection, and signing for the Bitcoin network. The…

Bitcoin-Backed Token

A Bitcoin-backed token is a token on another blockchain whose value or redemption claim is intended to correspond to BTC held, locked,…