Bitcoin Terms: A Comprehensive Glossary

Using clear definitions and helpful examples, we've put together a helpful list of key terminology related to Bitcoin.

B

Bitcoin Carnivore

Bitcoin Carnivores are a small group of Bitcoiners that eat only meat.

C

Confirmations

In Bitcoin, a confirmation means a transaction has been added to a block.

D

Don't Trust, Verify

Instead of Trusting someone who said they sent you crypto, you can Verify whether or not the transaction was completed.

N

NGU (Number Go Up)

NGU (Number Go Up) refers to a fundamental characteristic of Bitcoin: that the price is almost always trending up.

R

RBF (Replace by Fee)

RBF stands for replace by fee, which involes creating a new transaction to replace an old one.

S

Stacking Sats

Stacking Sats means accumulating small units of Bitcoin, known as satoshis.

T

Transaction Time

Transaction time in Bitcoin refers to the amount of time until a transaction is confirmed.

V

Virgin Bitcoin

Virgin Bitcoins are bitcoins that have never been spent. This means they are purchased directly from miners who mined the bitcoin directly.