Bitcoin Terms Beginning with A


An address is used to receive bitcoin and is represented as a string of letters and numbers. When you send bitcoin to an address, only the owner of the private key(s) corresponding with the address can spend that bitcoin.

Algorithmic trading is financial trading that is executed by software as opposed to humans. Trading algorithms have superior speed and computational power compared to humans.

Anonymity is the quality of a person whose identity is unknown. An anonymous person uses a pseudonym to operate in public while keeping their identity concealed.

Anti-Money Laundering (AML) is a category of laws and regulations that are intended to prevent money laundering, terrorist financing, tax evasion, and other illicit activities.

An Application-Specific Integrated Circuit (ASIC) is a special electronic chip built for exactly one purpose. Bitcoin ASIC miners, the hardware devices that contain these chips, are designed solely to hash blocks in order to find a valid Proof-of-Work.

An ask is an offer to sell an asset at a particular price.

Assume Valid is a method for speeding up initial block download (IBD) by allowing a node to skip verification of each transaction and signature in older blocks.

AssumeUTXO is a proposed, optional setting that would allow users to make use of their Bitcoin node before initial block download (IBD) is complete.

Atomic Multipath Payments (AMP) is an implementation of the concept of Multipath Payments (MPP) on the Lightning Network. AMP breaks a large Lightning Payment into several smaller ones.