Just as most new technologies, the terminology behind blockchain and crypto is constantly evolving, with new phrases being coined (almost) as we speak. So we’ve put together a glossary of terms that will give you a better understanding of the language of blockchain.
Address
А representation of alphanumeric characters which allows you to send or receive transactions on the blockchain network.
Altcoins
Any digital cryptocurrency that is not Bitcoin. The term stands for “alternative to Bitcoin”.
Backward-compatible change
A change in the blockchain network which is compatible with the code that has already been written.
Bitcoin
Тhe first digital currency that runs on a global peer to peer network. without the need of a centralized institution.
Blockchain
A ledger that can be shared across a network where all transactions are recorded and consequently. The blockchain itself operates as a historical record of all the transactions that have occurred – from the first to the most current one.
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