Address
The Public Key, this is where you receive the bitcoins.
Like an account number.
Blockchain
The heart of Bitcoin. The public ledger, a public record of
all bitcoin transactions. At the same time it is also a
revolutionary new type of platform of the internet.
Brain Wallet
A type of wallet that only exists in your head. This is
enabled by an online 'brain wallet generator' which
converts a 12 word phrase, chosen by you, into a
cryptographic key which can then be used online to use
your bitcoins.
BTC, ฿, XBT
Abbreviations used for Bitcoin.
Cold Storage
Bitcoin storage in a wallet -- usally a paper wallet —
OFFLINE.
Hot Storage
Any bitcoin wallet that is ONLINE, and or connected to
the internet.
Hybrid Wallet
A wallet which stores and calculates the blockchain on a
server but holds your bitcoins on your computer.
ELECTRUM
mBTC
‘milli-bitcoin' or one one-thousandth of a bitcoin = .001 BTC.
Paper Wallet
A type of physical wallet which allows you to store
bitcoins but not send them.
Private Key
The key to spend or 'unlock' the bitcoin. Must be kept secret!
Public Key
For us newbies it is simply the same as the bitcoin address.
Public Ledger
Literally the public ledger of the bitcoin blockchain. Every single bitcoin
transaction that ever took place is recorded here for everyone to see.
Wallet
The software which 'holds' your bitcoins and manages
your bitcoin addresses like a bank account and enables
you to send or receive bitcoins.
Web Wallet
An online wallet which holds your bitcoins and acts as
your account manager enabling you to send or receive bitcoins.
μBTC
‘micro-bitcoin' or one one-millionth of a bitcoin = .000001