Basel Committee on Banking Supervision (BCBS) is a committee formed in 1974 by central bank governors to develop banking regulations standards and enhance the quality of banking supervision around the world. The original committee was comprised of the 10 countries…
What is BEP? BEP is short for Binance Chain Evolution Proposal. In short, BEP is a list of token management rules and pre-defined criteria to help launch on-chain assets on Binance Chain. Projects use this BEP to transition their tokens…
A bitcoin address is a cryptographic key that “owns” bitcoins. This address is used to uniquely identify bitcoins. The person or persons who know the corresponding private key can send those bitcoins to any other address. The cryptographic keys that…
A business that operates physical kiosks that allow a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash.…
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the…
Block height represents the number of blocks that were confirmed in the entire history of a particular blockchain network - from the genesis block (or block zero) until the most recent one. Unlike the genesis block, all other blocks contain…
What is a Block Reward? A block reward is the reward a miner gets for solving the cryptographic hashing problem that verifies transactions and adds a new block to the blockchain. This creates incentive for miners to add hash power…
A blockchain—the technology underlying bitcoin and other cryptocurrencies—is a shared digital ledger, or a continually updated list of all transactions. This decentralized ledger keeps a record of each transaction that occurs across a fully distributed or peer-to- peer network, either…
