Crypto Wiki

Bitcoin Improvement Proposal (BIP)
A Bitcoin Improvement Proposal (BIP) is a formalized proposal for making changes to Bitcoin’s software or protocol.

Bitcoin Pizza Day
Bitcoin Pizza Day, celebrated annually on May 22, marks the first real-world transaction using Bitcoin.

Bitcoiner
A Bitcoiner is an individual who is a long-term advocate and user of Bitcoin. Bitcoiners are typically early adopters with significant knowledge about Bitcoin's technology and philosophy. Many Bitcoiners adopt the "HODL" strategy, meaning they hold onto their Bitcoin through market ups and downs, believing in its long-term value. While some Bitcoiners might use Bitcoin for transactions, others view it primarily as a store of value, similar to gold. The term Bitcoiner also encompasses those who contribute to Bitcoin's development, either technically or by promoting its adoption. For example, someone who has been holding Bitcoin since its early days, regularly participates in Bitcoin discussions, and supports decentralization and financial sovereignty, would be considered a Bitcoiner.

Bits
Bits are a smaller unit of measurement for Bitcoin. Each Bitcoin is divisible into 100 million units, called satoshis. One bit is equivalent to 100 satoshis or 1 millionth of a Bitcoin.

Black Hat Hacker
A black hat hacker is a cybercriminal who exploits vulnerabilities in computer systems, including those in blockchain networks, with malicious intent.

Black Swan Event
A black swan event refers to a rare and unexpected occurrence that has a significant impact on the market or an industry.

Block
A block is a data structure in blockchain technology that stores a batch of transactions, which have been validated by the network's consensus mechanism.

Block Producer
A block producer is a key participant in blockchain networks, particularly in systems that use a Delegated Proof of Stake (DPoS) or similar consensus mechanisms.

Bearwhale
A bearwhale is a large cryptocurrency holder, or "whale," who sells a significant amount of assets at once, driving down the price of the market.

Bear Market
A bear market refers to a prolonged period of declining asset prices, generally characterized by a downturn of 20% or more in a financial market.
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