SegWit
Short for Segregated Witnesses, a protocol adopted by Bitcoin to enhance transaction speed. SegWit enables more transactions to be included in a single block on the blockchain.
Smart Contracts
Self-executing agreements between two parties that automatically fulfill upon meeting predefined conditions, and likewise, terminate if those conditions are not met.
Satoshi
A pseudonym for the anonymous creator(s) of Bitcoin. Also, the smallest divisible unit of Bitcoin: 1 Satoshi equals 1/100,000,000 of a Bitcoin.
Sharding
A method where a full database is divided into smaller databases, known as shards, to improve the scalability of cryptocurrencies.
Staking
The process of immobilizing one’s coins or tokens to assist in verifying transactions for cryptocurrencies using Proof of Stake consensus mechanisms. Stakers receive rewards for providing this service.
Seed
A form of password that a user can employ to retrieve their wallet.
Solidity
A coding language used for the development of smart contracts.
SwiftTX
A feature of PIVX enabling users to conduct transactions instantly, bypassing the need for confirmations.
SHA-256
Stands for Secure Hash Algorithm 256. This algorithm is employed by some Proof of Work consensus mechanisms, notably Bitcoin’s.
Supply Chains
The complete series of processes involved in delivering products or services from the suppliers to the customers.