Satoshi Nakamoto is the pseudonym founder(s) who invented Bitcoin and authored its whitepaper.
A Schnorr signature is a type of digital signature that combines multiple signatures into a single signature. This improves a blockchain’s privacy, efficiency, and scalability.
A Secure Element (SE) is a microprocessor chip that facilitates the secure storage and processing of sensitive data. It is commonly used in SIM cards, passports and credit cards.
A security audit is a thorough, systematic examination of a software, application, or system to find any flaws, fix any issues, and determine if the platform is secure.
A seed phrase is a collection of randomly generated words that represent all private keys associated with a given crypto wallet; the phrase enables the contents of a crypto wallet to be restored, even if access to the wallet itself is lost.
Segregated Witness, or “SegWit” is an upgrade for the Bitcoin network designed to allow more transactions to fit within each block on the blockchain.
Self custody is when a user takes full control and responsibility of holding and managing their digital assets without relying on third-party intermediaries.
SHA 256 is an algorithm used in Proof-of-Work blockchains like Bitcoin to verify transactions.
Shamir Secret Sharing (SSS) is a technique to break private information into smaller fragments to keep the information safe. Reconstructing the entire original data requires a certain amount of these shares.
The Shanghai Upgrade is an upgrade on the Ethereum network that allows stakers and validators to unstake and withdraw their staked Ether.
The Shapella fork is the combination of two major Ethereum network upgrades (Shanghai and Capella upgrades) that occurred simultaneously. Together, these upgrades allowed users to withdraw their staked ETH on the network.
A shard is a small fragment of data split from a larger part of a database or blockchain network.
Shitcoin is a colloquial term for cryptocurrencies that have no real-world potential value, practical purpose, and utility. They are often a subject of speculation.
A sidechain is a discrete blockchain that is connected to the main blockchain or mainnet through a 2-way bridge. Sidechains were created to solve transaction speed issues in blockchains by decongesting the mainnet.
Simplified payment verification is a lightweight client that verifies cryptocurrency transactions without downloading the entire blockchain.
Slashing is a process that penalizes validators of proof-of-stake networks when they act dishonestly or behave abnormally. It entails deducting a predetermined percentage from their staked cryptocurrency.
Slippage is the difference between the expected outcome and the actual outcome of a trade. It occurs when a trader settles for a different price than they requested to buy or sell an asset, either due to its price movement or low market liquidity.
A smart contract is an agreement in the form of a computer program that automatically executes when predefined conditions are met.
Social engineering is a deceptive strategy to persuade people to perform certain operations or reveal confidential information.
A soft fork refers to a protocol change or modification on a blockchain’s software that invalidates transactions that were previously accepted, which requires miners to update their mining software for older nodes.
A software wallet is a program that stores the private keys to enable users to hold, send, and receive cryptocurrency assets.
Solidity is a high-level, object-oriented programming language created for designing and implementing smart contracts.
A source code is a computer code or programming statements that define how a software functions based on specific instructions.
Stablecoins are a type of cryptocurrency that is pegged or tied to another asset, such as fiat currencies or gold.
Stack the sats is a mantra for encouraging Bitcoin enthusiasts to amass small amounts of Bitcoin.
Staking refers to when a blockchain user locks up their cryptocurrency to secure the network and earn rewards.
A staking pool is a mechanism that allows individuals to combine and lock their digital assets in a proof-of-stake blockchain. It is a way for users to increase their chances of successfully verifying and validating new blocks.
A stop-loss order is a type of order investors preset to limit potential losses in an investment. It is automatically executed when a cryptocurrency value reaches a predetermined price level to protect the trader from excessive losses.
A subnet (sub-network) is a network within a network.
Swap is the process of exchanging one digital asset for another directly.
A Sybil attack is a security threat on a peer-to-peer network where a malicious actor attempts to sabotage the network’s reputation by creating multiple fake identities.