WALLET BASICS · READING THREAD

First wallet, first questions.

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  1. Blockchain

    A shared ledger whose blocks are linked by cryptographic hashes.

  2. Bitcoin

    A peer-to-peer monetary network whose native asset is bitcoin, usually written as BTC.

  3. Wallet

    Software or hardware that manages blockchain accounts and helps authorize transactions.

  4. Private key

    Secret key material used to create signatures or perform other private-key operations in a public-key system.

  5. Transaction

    An authorized request to change a blockchain’s state, such as moving assets or calling a contract.

  6. Consensus

    Agreement about which valid blockchain history and state the network accepts.

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