FREQUENTLY ASKED QUESTIONS ABOUT THE BITCOIN WEBSITE 


CRYPTOGRAPHY: The study of secret writing and codes

CYPHER: (or cipher) a system of secret writing

cypherpunks: punk: a young man or boy who fights and breaks the law.

cipher(verb): to put a message into code

(decipher: to find the meaning of something that is difficult to read or understand

I can't decipher his handwriting. It's indecipherable.

EXPONENTIALLY: (technical) using a sign that shows how many times a number is to be multiplied by itself
yN is an exponential expression:y to the nth power

line 15) ANONYMITY: the state of not letting your name be known

ANONYMOUS: unknown by name

TO COMPLY(v): obey

CONSENSUS: agreement

WALLET: small bag in which you store money (digital wallet.)

LEDGER: account book

TRANSACTION: deal, business, buying and selling something

AUTHENTICITY: the quality of being genuine, authentic

line 40) PROCESS: series of actions or steps.

line 41: COMPUTING: the use of operation of computers

BRICK AND MORTAR BUSINESS: refers to a physical presence of 
an organization or business in a building or other structure,
 a company that possesses or leases retail shops, factory production, etc.

MORTAR: a mixture of lime, sand and water, used in building for joining bricks or stones together.

COMPUTING: the use of operation of computers

line 61) MERCHANT ACCOUNT:a bank account used for business purposes

line 72) CONFIRMATION: confirming, verifying, justifying sth

line 81) CHARGEBACK: a demand by a credit card provider for a retailer to make good the loss on a fraudulent
 transaction or deception

line 81) FRAUD: wrongful or criminal

COMPLIANCE: obeying a wish

IDENTITY THEFT: stealing your identity information

BACKUP: help or support

ENCRYPTION: the process of converting information or data into a code to prevent unauthorized access

line 126) NODE: a point in network at which lines intersect

COMPLY WITH: agree with, fit, is suitable to

SCARCITY (noun): being rare to find

line 38) ATTRIBUTES: qualities

VOLATILE: changing

LITTERED: full of

RULE OF THUMB: principle based on practise

INCEPTION: starting to be used

BITCOIN: a network that uses a new payment system and a completely digital money

DECENTRALIZED: it has no central authority