Any resource owned or controlled by a business or an economic entity.
One of the cryptographic systems Bitcoin uses that involves both a private and public key.
Troublemakers; people with bad intentions.
A peer-to-peer, decentralized cryptocurrency, which enables users to send value from one another without the need of intermediaries.
A computer running the Bitcoin client from any location which helps verify and record the transactions happening in the blockchain.
A device or program used for storing bitcoin.
A recording of the most recent transactions in the network.
Digital ledger that stores the transactions happening in the Bitcoin network in the form of blocks.
The bitcoin a miner receives for successfully mining a block.
Without boundaries, dividers, or limitations.
The state of having a single authority or group in control; opposite of decentralized.
A type of crypto wallet that is not connected to the internet and usually requires a physical device to access.
Property describing where it’s highly unlikely to find two inputs with the same exact output.
Process in which how different computers reach an agreement.
Acting or done in the same way over time; Also the property describing where output is always going to be in a fixed size.
The value of money used up to produce a good or service.
To create a fraudulent imitation of a real object.
Short for ‘cryptocurrency’.
A type of digital currency based on cryptography, is peer-to-peer, and usually decentralized.
Adjective form of cryptography.
The practice of techniques using mathematical concepts to secure information and communication in the presence of adversaries.
A medium of exchange.
The state of having no single entity in control; opposite of centralized.
Action of taking unrecognizable data back into its original form.
The amount of purchased goods.
Units classification for the stated or face value.
Derive / Derived
The action of basing something off something else.
Property describing where you will always get the same output for a certain input.
“Electronic fingerprints” to verify the authenticity of digital documents.
The state of being reusable over time.
Achieving maximum productivity with minimum wasted effort or expense.
Action of converting a message into an unrecognizable form of data.
A decentralized, open-source blockchain with smart contract functionality. It is a different network from Bitcoin.
European Dollar (EUR)
The official currency of the European Union.
An expression that defines the relationship between two sets of elements.
The first block ever created in Bitcoin’s blockchain.
Global Financial Crisis
The financial crisis of 2007–2008, which is considered the second-worst economic disaster next to the Great Depression. Financial institutions and US citizens incurred significant losses and went bankrupt.
To illegally access a network or system.
Tools, machinery, and other durable equipment.
The cryptographic function used to help secure the blockchain. A special function where any length of data that is inputted will be computed with mathematics and given an output with a fixed length.
The process of dividing the block reward received by miners into two (2). This happens roughly every four years.
Present tense of hash.
A type of crypto wallet that is connected to the internet and usually in the form of a browser extension or app.
Unchanging over time or unable to be changed.
Provide someone with a reward.
Inflation/ Inflation Rate
The rate of increase of prices in a certain period of time.
A third-party moderator to facilitate an agreement.
Not able to be undone or altered.
Japanese Yen (JPY)
The official currency of Japan.
Layer 2 Solution
A network running on top of a base layer protocol like Bitcoin
Currency that must be accepted in a country when offered.
Short for memory pool; a holding room for the pending transactions in the network.
A bitcoin block that was created through the act of mining as a reward.
Computers running the Bitcoin client which helps verify and record the transactions happening in the blockchain; Can also refer to the people managing the Bitcoin mining hardware.
The process of creating new bitcoin by solving complex puzzles.
The process by which new coins are created.
The process of adapting something to modern needs or habits.
The amount of money in the economy.
Stands for Non-fungible Token, which is a crypto asset that is one of a kind, stored on the blockchain.
Short for "number used once”.
Philippine Peso (PHP)
The official currency of the Republic of the Philippines.
A private key is a string of random letters and numbers. This is equivalent to the password to your bank account. You should never share this with anyone.
A public address is a string of random letters and numbers derived from the public key. A wallet's public address is similar to your bank account number wherein you give it when you want to receive bitcoin. It is safe to share with others.
A public key is a string of letters and numbers derived from the private key. This public key is used to generate your wallet's public address. It is safe to share with others.
The amount gained after subtracting revenues to cost.
The state of having profits.
The consensus mechanism that Bitcoin uses where Bitcoin miners expend work and energy to secure the network.
A communication protocol defines the rules and processes of a system. It allows transmissions of information between parties.
An alias; a name that a person or a group of people use in place of their real name/s.
The capacity to purchase a number of goods and services with a unit of currency.
A sum of money that is sent locally or internationally.
A place where one is provided an opportunity to escape from harm or danger.
The anonymous inventor of Bitcoin.
A series of words generated by your cryptocurrency wallet that give you access to the crypto associated with that wallet.
The state of being limited in supply.
Safe and protected against attacks.
The amount of produced goods.
To interfere or cause damage to something.
The criteria that Bitcoin miners must meet in order to validate a transaction.
Being publicly open without secrets.
The state of not requiring trust to function.
U.S. Dollar (USD)
The official currency of the United States of America.
Not served by any bank or financial institution.
Not able to be predicted.
Able to be checked or demonstrated to be true, accurate, or justified.
Quickly changes in price within a given time; unpredictable.
The state of being exposed to danger or an environment.
Crypto wallet that stores cryptocurrencies.
An informational document written to explain a product, solution, or service being offered.
When malicious miners control more than 50% of the Bitcoin mining network.
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Bitskwela is a Filipino-led edutech platform that strives to make Bitcoin and cryptocurrency education accessible to all Filipinos of any ethnicity.