Crypto & Securities Glossary

cryptoassets

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BIP

Bitcoin Improvement Proposal - a document which suggests changes to the the Bitcoin protocol’s code.

Bitcoin

The blockchain protocol upon which bitcoin (BTC) is issued

bitcoin (lower case “b”)

The native token of the Bitcoin blockchain protocol.

Coin

Usually refers to the native cryptocurrency of a separate chain. Bitcoin’s coin is called Bitcoin, Ethereum’s coin is called Ether.

Double-Spending

Transacting multiple times on the same bitcoins in an individual’s possession. Verifying the transaction as part of Bitcoin’s consensus mechanism prevents this from happening.

EIP

Ethereum Improvement Proposal. Process hosted on Github where the community can submit proposals for improvement.

ERC20

The original proposal that defined the basis for token contracts defined on the Ethereum blockchain. Technically now approved as EIP-20.

Token

Defined on an underlying blockchain. Is protected and managed by the native chain’s mining or other consensus protocol. The Ethereum blockchain defines tokens using their smart contract capability.