Central system
The words to understand
Each key term has its simple definition and technical explanation. Goal: 50+ entries, under permanent construction.
The glossary is the central system of digirelik.org: each term is linked to others through cross-references. Two reading levels: simple definition + technical explanation.
UTXO
Unspent Transaction Output — the 'unspent coins' in the transaction model of DigiByte and Bitcoin.
Hash
Unique and irreversible digital fingerprint of content. Foundation of blockchain.
CID
Content Identifier — the unique address of a file on IPFS, based on its content.
OP_RETURN
Arbitrary data field in a blockchain transaction, used to anchor proofs.
Seed phrase
A set of 12 or 24 words to restore a wallet. Must be protected at all costs.
DigiAsset
DigiByte's native NFT standard. Allows creating digital assets directly on-chain.
Pinning
Action of keeping a file on IPFS by marking it as important to prevent deletion.
Wallet
Digital wallet that stores your private keys and allows interaction with the blockchain.
Private key
Unique secret code proving ownership of your assets. Must never be shared.
Decentralization
Distribution of power and data across a network without a single central authority.
SegWit
Segregated Witness — optimization separating signatures from transaction data, reducing block size.
Proof of Work
Consensus mechanism where miners solve calculations to validate blocks. Used by DigiByte with 5 algorithms.
Howey Test
US legal criterion (SEC) to determine if an asset is a 'security' subject to regulation.
MiCA
Markets in Crypto-Assets — European regulation governing crypto-assets, progressively entered into force since 2024.
Tokenization
Process of converting a real asset (real estate, art) into a digital token on a blockchain.
Gateway
HTTP access point to the IPFS network, allowing IPFS files to be viewed from a regular browser.
Multi-algo
Mining system using multiple algorithms simultaneously. DigiByte uses 5 to maximize decentralization.
DigiShield
Real-time difficulty adjustment algorithm created by DigiByte and adopted by other blockchains.
Merkle tree
Tree data structure that efficiently verifies the integrity of large amounts of data.
Smart contract
Self-executing program stored on the blockchain. Executes programmed conditions without intermediary.