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Base Crypto

Base crypto is used when comparing different assets. It would be the acceptable point of reference for comparing exchange rates.  A base currency (a transaction currency) is the first currency that appears in a currency pair quotation.

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Basel Committee

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 (G-10) and has since been expanded several times. Currently, the BCBS has 45 members from…

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Binance Chain Evolution Proposal (BEP)

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 from their original mainnet to the Binance Chain. Often, this is done to take advantage…

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Bitcoin

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. Bitcoin-to- Bitcoin transactions are made by digitally exchanging anonymous, heavily encrypted hash codes across a peer-to- peer (P2P) network. The P2P…

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Bitcoin Address

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 control an address are typically stored on a user’s computer or mobile device in a…

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Bitcoin ATM (BATM)

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. In some cases, Bitcoin ATM providers require users to have an existing account to transact…

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Bitcoin Hard Fork

A fork occurs when enacting a new set of rules. A hard fork is a permanent change that would not allow for communication with prior bitcoins to occur. A hard fork is a permanent divergence in the blockchain protocol, not backwards compatible, meaning that nodes that have not upgraded can’t validate blocks created by upgraded…

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Bitcoin Wallet

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 person who owns the balance.

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Block

Blocks hold batches of valid transactions that are hashed and encoded into a Merkle tree. Each block includes the cryptographic hash of the prior block in the blockchain, linking the two. The linked blocks form a chain. This iterative process confirms the integrity of the previous block, all the way back to the original genesis…

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Block Height

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 a reference (hash) to the block that came immediately before it, and the block height…

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