The Dictionary
Explore 5+ clear, technical, and objective definitions defining the decentralized future.
Search Results: bitcoin
Bitcoin
Bitcoin is a decentralised digital currency and blockchain network introduced in 2009. Its native asset is bitcoin, commonly represented by the ticker BTC. Bitcoin allows users to transfer value directly across its network without requiring a central bank or payment company to approve each transaction.
Runes (Bitcoin)
Runes is a fungible token protocol on Bitcoin, designed as a more efficient alternative to BRC-20. It uses Bitcoin's native UTXO model to track token balances directly, without requiring inscriptions or off-chain indexers to interpret JSON.
Ordinals (Bitcoin)
Ordinals is a protocol that allows arbitrary data — images, text, code — to be inscribed directly onto individual satoshis (the smallest unit of Bitcoin), turning each satoshi into a unique, identifiable, transferable digital artifact. The result is Bitcoin-native NFTs.
BTCfi (Bitcoin DeFi)
BTCfi is the broad category of decentralized finance applications built directly on or around Bitcoin — including Bitcoin Layer 2s, restaking protocols, lending markets, and DEXes that use BTC (not wrapped versions on other chains) as their primary asset.
Bitcoin ETF
This is an exchange-traded fund that follows the price of Bitcoin.