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Second Layer

Networks that use Bitcoin’s blockchain only to anchor crucial information or smart contracts. Such networks are important for scaling Bitcoin to billions of users. Examples include notary services and the…

Seed Phrase

Instead of backing up each private key in a Bitcoin wallet, a seed phrase (or mnemonic phrase) can be used to generate infinite random addresses. Only the phrase is needed…

Seed Phrase

A seed phrase is a random string of 12, 18 or 24 words that is algorithmically encrypted to a private key, enabling the recovery of the private key if it…

Segregated Witness

Segregated Witness, also called SegWit, is a scaling solution for Bitcoin that was first proposed by Dr. Peter Wiulle which aims to increase transaction speed on the Bitcoin network. Because…

Sell Order

A Sell Order occurs when an investor goes through an exchange to sell part of all of their holdings of an asset. Sell orders can be very straight forward, such…

Sell Wall / Buy Wall

When looking at the price book of an exchange it is also possible to see a graphical representation of the current order book. When there are a large number of…

SEPA

A wire transfer system for the Euro in the European Union.

SHA-256

SHA-256 is derived from the SHA-2 (Secure Hashing Algorithm 2) algorithm which was developed by the U.S. National Security Agency (NSA). It is a cryptographic algorithm used by cryptocurrencies such…

Sharding

Sharding is a proposed scaling solution for blockchains. Usually every node that operates on the blockchain’s network holds a complete copy of the entire blockchain. Sharding would allow nodes to…

Shilling/Pumping

A person engaged in covert advertising for a cryptocurrency. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretence of sincerity, when in…

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