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Backward Compatible

This means a change that will continue working with older versions of something. Often used in software, it also applies to cryptocurrencies and refers to a code change that creates…

Bagholder

It refers to a person that’s holding (instead of selling) a crypto-coin that is losing its value for good. Some reasons this could occur include a simple inattention to one’s…

Base58

Used to make large numbers shorter and easier to parse than binary or the commonly used base10 (using the familiar system of numbers of 0-9). Base58 is the encoding scheme…

Batching

Usually, a Bitcoin transaction contains one destination output and one change output. Services that make multiple transactions, however, have an incentive to ‘batch’ transactions. A single transaction with multiple outputs…

Bear Trap

A bear trap refers to a manipulation of stocks, commodities or other assets that make it appear as if the asset is falling in price naturally. The traders who create…

Bearish

Investors who believe that a cryptocurrency price will decline are said to be bearish. In addition, when the cryptocurrency markets (or individual cryptocurrencies) are in a downtrend the entire market…

Bearwhale

A heavy trader who is pessimistic or selling large amounts of coins.

BIP

An acronym for “Bitcoin Improvement Proposals” which can be submitted by anyone who wants to improve the Bitcoin network. It should be noted that while anyone can submit a BIP,…

Bit

A bit is 1 millionth of a Bitcoin. So, there are 1,000,000 bits in 1 Bitcoin. This should not be confused with a Satoshi, which is the smallest unit of…

Bitcoin

Bitcoin is the oldest and first cryptocurrency, which was created in 2008 and went live in 2009. It was created by a fictional person or persons known as Satoshi Nakamoto.…

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