Helpful Bitcoin Terms | Panda Love Bitcoin

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1- Private Key

A hidden secret number which permits access to send Bitcoins, keeping wallet secure - The network through which Bitcoin transactions are broadcasted.

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2- Wallet

A file that stores Bitcoin adresses and the private keys that are needed to use them

bitcoin wallet.jpg

3- Blockchain

A list of all of the transactions that ever been sent !

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4- Bitcoin Protocol

A cryptographic security measure to keep transactions safe

btc money protocol.png

5- Bitcoin Network

The network through which Bitcoin transactions and broadcasted

bitcoin network.png

6- Blocks

Found in the Bitcoin blockchain, blocks are used to connect all transactions together.

bitcoin block.png

7- Bitcoin Adress

An alphanumeric identifier which is required to send someone Bitcoins

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8- Bitcoin Client

Software Bitcoin users can use to send and receive Bitcoins - A list of all of the transactions that have ever been sent

bitcoin client.png

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