Cryptocurrency Acronyms, Slang, & Tech Terminology You Should Know by Gemma Greene Audiobook

Bitcoin Vocabulary

Official Receiver – An officer of the court and civil servant employed by The Insolvency Service, who deals with bankruptcies and compulsory company liquidations. Offeree – the individual who is the recipient
of the legally binding offer. It involves the realisation and distribution of the assets and usually the closing down of the business. There are three types of liquidation – compulsory, creditors’ voluntary and members’ voluntary. Incorporated Company – a private company with shares which are not publically traded.

  • Escape clause – a provision in a contract allowing one of the partied to be relieved of obligation in the occurrence of a certain event.
  • The assets may change (such as stock) and the company can use the assets without the consent of the secured creditor until the charge “crystallises” (becomes fixed).
  • Counterclaim – a claim made by the defendant that opposes the claimant’s claim.
  • It applies to software, networks and humans, representing the sum of an organisation’s security risk exposure to hackers and internal users.
  • Hypertext Transfer Protocol Secure (IETF RFC 2818), also known as HTTPS, is an extension for HTTP for secure communications.
  • A stealthy, sophisticated hacking attack against a specific network or system, usually intended to steal data or assets.

Subresource integrity is a feature that enables a web browser to verify that a fetched file corresponds to an expected hash value. Any attack that leverages information gained from a system’s operation, such as power consumption, sound, computation timings or electromagnetic leaks, instead of from vulnerabilities in the system itself. A derogatory term for somebody who uses published exploits (also known as commodity attacks) rather than having the skill to develop their own. Port 135 is assigned to the endpoint mapper, used to identify connected devices and the port they are using, and is subject to several well-known vulnerabilities.

Digital identity

Specialist firms such as Chainalysis and Cipher Trace can trace crypto assets that one party has attempted to dispose of or divert if they realise the wallet has been discovered. However, it is important to note that the court will only do this in exceptional circumstances – proving motivation to hide assets will be key. DeFi platforms offer users greater control over their funds and the ability to earn passive income through various decentralized applications (dApps). ICO stands for Initial Coin Offering, which is a fundraising method used by cryptocurrency startups. During an ICO, investors can purchase newly issued tokens in exchange for established cryptocurrencies like Bitcoin or Ethereum.

What is Bitcoin glossary?

Bitcoin Magazine's official glossary of terms provides definitions for the words and phrases you're most likely to come across as you learn about Bitcoin, cryptocurrency and blockchain technology.

That’s why we decided to create our glossary – a one stop shop that demystifies the most popular and trending terms that the world of fintech can’t live without. A company that processes credit and debit card payment transactions on the behalf of a card issuer. Originally known as Simple Object Access Protocol, SOAP is a messaging-layer protocol used to provide access to web services. SOAP uses other application-layer protocol such as HTTPS for transmission. It is primarily used by the Windows operating system, with several open-source implementations such as Samba available for other operating systems.

Open source software

Chattels personal – an item of property other than
freehold land which is tangible and owned. Break clause – a clause included in a contract that allows it to be ended. Bankrupt – Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy.

Bitcoin Vocabulary

Traditional watchdogs, like the Financial Conduct Authority, at present have no powers of regulation over bitcoin. Another downside cited by the ECB is that there is no protection for those who use bitcoin – it can be stolen by computer hackers. First, it’s not printed by governments or banks, which means that it’s not legal tender. Validator – someone who pays for the chance to validate transactions and earn crypto on a proof of stake blockchain (see proof of stake). Private key – A private key is essentially the password to your crypto holdings.

Attack surface

Magistrate – a justice of the peace who sits in
the magistrates’ court who usually is a non-legal volunteer. Limitation Period  –
as dictated by the Limitation Act 1980 these are the statutory rules which
limit the period in which a civil claim may be commenced. Liable
– where an individual
is legally responsible for something. Land
Registry – a
statutory body whose role is to maintain registers of certain legal estates in
land and was established under the Land Registration Act 1925.

From mainstream media to the most niche corners of the internet, crypto and the entire language of related terms that have sprung up alongside the investing phenomenon are everywhere. When Lambo – Popular phrase referring to a sustained period of time when crypto increases in value. Pobble is an online platform for educationalists to share children’s writing giving them a chance to write for a purpose and for a global audience. It’s free to register but requires a subscription for portfolio uploads. There are introductory French conversations, vocabulary and grammar lessons.

Log files

While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Token – in crypto, a token is a unit of cryptocurrency other than Bitcoin or Ethereum – which are technically also tokens.

  • A method to scramble a message, file or other data and turn it into a secret code using an algorithm (complex mathematical formula).
  • Make a note of key words in the passage and predict the types of answers that will come (nouns / verbs etc).
  • Typically stored in some form or read-only memory, MAC addresses are also known as hardware or physical addresses.
  • Previously available only when the debtor became insolvent, relief is now available on any debt unpaid for more than 6 months.
  • Understanding the TTPs used by a threat provides a means to predict, detect and react to their actions with greater accuracy.
  • Keylogging, also known as keystroke logging or keyboard capture, is the action of recording, often secretly, the keys struck on a keyboard.

There are legal implications if copyrighted material is distributed using this method. Open-source network software that disguises a user’s identity and location by encrypting data and routing traffic around an intercontinental network of servers run by volunteers. An attacker or program successfully masquerades as another by falsifying data for malicious reasons. Spoofing an email address to fool a recipients or an attacker spoofing their IP or hardware (mac) address in a man-in-the-middle attack are well known attack examples. An attack method that tricks people into breaking normal security procedures by masquerading as a reputable entity or person in email, IM or other communication channels. RunPE (short for Run Portable Executable) is a popular technique for disguising malicious programs behind legitimate applications.

Deed – A written document with the required formality in which an interest, right or property passes or is confirmed. Damages – monetary compensation to be paid to a claimant for loss caused by the wrongful act of Bitcoin Vocabulary another. Recovery of damages is the primary objective of most civil litigation in the UK. Contempt of Court – When someone risks unfairly influencing a court case which may affect the ability to have a fair trial.

Is Doge a layer 1?

Dogecoin, on the other hand, is more scalable via its layer-one protocol without the need for an extra network. The latter is perceived as better blockchain technology which typically should not rely on a third-party solution. The term layer one is used to define the primary blockchain architecture.

A collection of thousands of websites which are not indexed by conventional search engines. They often use anonymity tools, like the Tor network, to hide their IP address and preserve the anonymity of the creators and visitors. A brute-force attack consists of an attacker systematically checking all possible passwords/passphrases in the hope of eventually guessing correctly. This allows for bootkits to remain undetected on a system, as the components remain outside of the OS file system, making them undetectable by traditional anti-virus software. The Basic Input Output System (BIOS) is a non-volatile firmware used to perform hardware initialisation and testing during the startup process. First created in 1975, it has now mostly been replaced by the more complex and capable Unified Extensible Firmware Interface (UEFI).

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