B
Bag
The entirety of coins and tokens a user possesses. Usually refers to an amount of a single cryptocurrency. The amount has no minimum, though if it is too high it can be referred to as "heavy bags".
Bear Market
When prices on the crypto market follow negative trends.
Benchmark
A standard point of reference to analyze and see advantages and disadvantages of similar products.
Bitcoin
The first ever cryptocurrency, invented in 2008 and implemented as open-source software in 2009. It was created by an anonymous person known only as Satoshi Nakamoto.
Bitcoin Cash (BCH)
A cryptocurrency that stemmed from Bitcoin in 2017, i.e. an altcoin of Bitcoin. It was created by miners and developers who initiated a "hard fork". BCH includes an increased block size of 8 MB which enables more transactions to be processed, as well as increases scalability. In November 2018 BCH was split into Bitcoin Cash ABC, now known only as Bitcoin Cash, and Bitcoin Cash SV (Satoshi Vision).
Bitcoin Core
The main implementation of the software allowing people to actually be able to use the Bitcoin network.
Bitcoin Dominance
Represents Bitcoin's market value as compared to all other cryptocurrency markets.
Bitcoin Pizza
The first ever known transaction of Bitcoin for physical goods, which was done in May 2010 by a programmer named Laszlo Hanyecz who paid 10 000 BTC for two pizzas. The Bitcoin back then was valued at about USD 41.
Bitcoin Vault (BTCV)
Bitcoin Vault is a cryptocurrency based on Bitcoin Core and created in December 2019. It provides an additional level of security which is based on a three-private-key structure. It includes all advantages of Bitcoin while at the same time adds new features such as the user ability to cancel transactions, send Secure payments, etc.
Block/ Transaction block
The Block is an essential part of the blockchain. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. It basically acts as a ledger where its purpose is to record the most recent unentered Bitcoin transactions. Every new block is connected to the previous completed one.
Block explorer
A specific online tool used to check past or current transactions on a specific blockchain. It provides further details such as transaction growth and network hash rate and users can browse through it.
Block header
A section in the block that contains its metadata and a summary of its transactions with the purpose to identify that specific block on the blockchain. It is repeatedly hashed to create Proof of Work (PoW) for mining rewards.
Block height/ Height
The block height of a particular block is defined as the number of blocks preceding it in the blockchain starting from the genesis block.
Block reward
The entirety of coins granted by the blockchain protocol as a reward to miners for each mined and validated block.
Blockchain
Represents a digital decentralized ledger consisting of various blocks that are used to store information related to transactions which occur on a blockchain network.
Blockchain protocol
The rules that govern a blockchain network are known as "Blockchain protocol". It is essentially the common communication rules that the network operates by.
Bloom Filter
Represents a data structure used to inform the user whether a particular item is part of a set, or more accurately - inform with certainty if it is not part of a set. In some cryptocurrencies (mostly Bitcoin), the Bloom filter is essential for the Simplified Payment Verification (SPV).
BNB
A cryptocurrency token created by Binance in 2017. BNB was initially issued as an ERC-20 token.
Bounty
A posted incentive with the purpose of boosting a particular activity, conduct or advancement.
Breakeven Point (BEP)
The point where the total cost and the revenue are both equal.
Breakeven multiple
Represents by how much a coin or asset needs to be multiplied by in order to reach its Breakeven Point (BEP).
Bull Market
When prices on the crypto market follow positive trends.
Buy Wall
Represents one large purchase order or the compilation of multiple big purchase orders that are on the same price in an order book of a particular market. Buy walls basically prevents the dropping of market prices as such massive amounts of orders require large amounts of money to be paid/transferred.