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Glossary
A decision maker.
An instruction follower.
An agreement among People.
Also the set of people who participate in an agreement.
A Consensus regarding a mutually-acceptable medium for Trade.
Bitcoin is a Coin.
The set of constraints that define a Coin.
A subset of Consensus Rules.
Conformance to Consensus Rules.
The process of determining Validity.
The act of discarding Invalid data.
The atomic transferable value of a Coin.
The Satoshi is the Bitcoin unit.
The change of control over certain Units.
A Valid set of Transactions with Timestamp and Proof.
The Branch with the most cumulative Proof.
A set of Operations that authorizes Transfer.
An atomic declaration of intent.
A Script that expresses Transfer conditions.
Public Key Script is an anachronism for this.
A Script that satisfies a Contract.
Signature Script is an anachronism for this.
A reference to an Output or Input.
An explicit Transfer and a Contract.
An Output Point and an Endorsement.
The Output to which an Input refers.
An expression of earliest Transaction Validity.
A declaration of the time of Block production.
An average of preceding Block Timestamps.
Probabilistic evidence of the cost of Work performed.
A Branch with less cumulative Proof than another.
Orphan is a misnomer for this.
A Branch with more cumulative Proof than another.
Inclusion of a Transaction in a Block.
A Transaction that does not exist in a Block.
The set of Unconfirmed Transactions.
Memory Pool is a misnomer for this.
The set of Weak Blocks.
Orphan Pool is a misnomer for this.
The first Block of all Branches of a Coin.
One more than the count of Blocks after a Confirmation.
The count of preceding Blocks in a Branch.
A contiguous subset of a Branch.
An Announcement adding a Block to the Chain.
The average time between Organizations.
Trade using a sequence of Unconfirmed Transactions that can be Settled by either party.
Confirmation of layered transactions.
The initial publication of a Transaction.
The Endorsement of the same Output Contract by distinct Spends.
The issuance of new Units to a Miner.
The increase in Supply resulting from Subsidy.
Also monetary inflation, not to be confused with price inflation.
An implicit Transfer to a Miner.
The sum of Subsidy and Fees for a Block.
A Transaction that Transfers a Reward.
The Depth at which a Coinbase Output becomes Transferable.
A reduction in the Subsidy rate (by half).
The level of Proof required for Validity.
A change to Difficulty.
The limit to Supply over all time.
A moving average of Exchange rates.
The product of Price and Supply.
A voluntary swap of property between two People.
The usefulness of certain property to a Person.
The Utility of a number of Units to a Person.
The set of all issued Units.
The Trade of Units for other property.
The increase in average Exchange prices over time.
To Own for future use.
This is neither speculation nor investment.
To Own in expectation of Price increase.
Also to borrow in expectation of price decrease.
To Trade time without Units for property of greater Utility.
Invest is an alias for this.
To Trade time with Units for property of greater Utility to the Lender.
The average rate of increase in Utility from Lending.
The return on Speculation.
This excludes interest.
Failure of Investment to earn Interest.
This is negative profit.
The Trade in certain property.
Conveyance of data between Machines.
A set of Communication conventions.
A symmetrical Protocol.
An asymmetrical Protocol.
The delay inherent in Communication.
An inability of certain Nodes to Communicate.
Using Communication to exploit Protocol or Implementation flaws that degrade performance.
DoS is an acronym for this.
A Tool that disseminates new Blocks.
A Tool that performs Validation.
A Tool that creates Transactions.
A set of Machine instructions.
A specific Tool set.
A Person accepting Units in Trade.
User is a common alias for this.
A Person controlling certain Units.
Holder is a common alias for this.
A Person creating an Implementation.
A Person who holds a claim on property under the control of a Custodian.
Also a lien-holder, shareholder, lender, or depositor.
A Person who controls the property of another
The process of Block production.
A potential Block with undetermined Proof.
An atomic computation to Prove Candidate Validity.
The rate of Hashing.
A fraction of Blocks in a Chain Segment.
Public estimates of miner hash power are based on this.
A subset of Miners with sufficient Hash Power to execute a sustained Attack.
51% is a common approximation of sufficient power.
A Tool change that reduces the cost of Mining.
The first communication of a Block to another Person.
The purposeful delay of Announcement.
A Miner who builds on the Blocks of others.
A Miner who is not always Honest.
The varying frequency of achieving a Reward.
A divergence in Consensus Rules.
Expansion of the set of potentially-valid blocks.
A Fork that implies a Split unless Enforced by Majority Hash Power.
Contraction of the set of potentially-valid blocks.
A Coin bifurcation.
An Announcement promoting a Weak Branch to the Chain.
Reorg is an abbreviation for this.
The lack of Height increase over time.
Starting to Enforce a new Rule.
A Miner indication via Block data of intent to Enforce a new Rule.
The means to associate Communication with a Person.
Determination of Ownership.
The relative level of control of a Person over the Chain or Coin.
The set of all Merchants.
A fraction of all property offered in Exchange.
A fraction of the Hash Rate of all Mines.
Use of Hash Power to enable Double Spending.
Confirmation prevention is a case of double-spend enabling.
Use of aggression to control Hash Power.
Use of aggression to compel Activation.
Market aggression that skews the cost of Mining.
Differences in the resource cost of Mining.
Subjective Confirmation.
A set of People that uses aggression in place of Trade.
Typically operates with impunity within geographic limits.
Pertaining to the actions of States.
The tendency toward reduced participation in Mining or Validation.
Implies pooling or centralization.
The tendency toward few Miners, including consolidation by Relays.
Collusion is a common alias for this.
The tendency toward few Merchants.
Merchants directly control validation.
The tendency toward few Owners.
Owners directly control spending.
The tendency toward persistent Partitions.
Identity implies exclusion.
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