- Hodgkin's Law: It is generally believed that as technology advances, the energy efficiency of mining improves. This refers to the amount of energy consumed within a given period of time.
- Bitcoin’s Energy Consumption: Because Bitcoin mining consumes a large amount of electricity, there is ongoing debate about its environmental impact.
- Bitcoin ATMs: It is now possible to buy and sell Bitcoin through physical ATMs. As a result, access to Bitcoin is becoming more widespread.
- Lightning Network: A Layer 2 solution designed to address Bitcoin’s scalability issues. It aims to process small-value transactions quickly.
- Bitcoin Forks: These are new cryptocurrencies created by changes to the Bitcoin protocol or code. Examples include Bitcoin Cash and Bitcoin SV.
- SegWit (Segregated Witness): An update that increases block capacity and improves scalability and transaction speed by changing the structure of transactions.
- Cold Storage: A method of storing Bitcoin in an offline environment. This protects assets from online threats.
- Irreversibility of Bitcoin Transactions: Once a Bitcoin transaction is confirmed, it cannot be reversed.
- Bitcoin Node: A computer participating in the Bitcoin network. These nodes verify transactions and maintain the blockchain.
- Bitcoin Address: Generally, a Bitcoin address should not be reused once it has been used. This is recommended for privacy reasons.
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