Batched transaction
A consolidated transaction that merges multiple individual transactions into a single transaction, resulting in improved efficiency and reduced transaction fees.
Blockstream
A company headed by cypherpunk Adam Back, dedicated to advocating and developing second layer scaling solutions for the Bitcoin network.
Bitconnect
A notorious high-yield Ponzi scheme that operated in the cryptocurrency market, promising guaranteed profits to investors. It was eventually shut down in January 2018 after incurring estimated losses exceeding $1 billion.
Block
A segment of data within the blockchain that stores transactions and additional details.
Block time
The time it takes to mine a new block.
Bitcoin Talk
Popular forum where cryptocurrency enthusiasts and experts gather to discuss a wide range of topics related to digital currencies.
Bit
In the context of Bitcoin, a unit of measurement representing 1/1,000,000 of a Bitcoin, allowing for finer denominations in transactions. It should not be confused with the computer science definition, where one bit equals 0.125 bytes.
Bear Market
A market condition characterized by a general decline in prices, causing a pessimistic sentiment among investors as most, if not all, asset prices experience downward trends.
Backtest
The process of assessing the performance of a trading strategy by applying it to historical data to determine its hypothetical effectiveness.
Bag Holder
An investor who finds themselves “holding the bags” of cryptocurrencies they bought with anticipation of value increase, only to witness a significant decline, resulting in a feeling of regret and financial loss.