Bitcoin Terms Beginning with V

A vByte is a unit of measure for the weight of blocks and transactions. A vByte is equivalent to 4 weight units, and thus, a block is limited to being 1 vMegabyte large, or 4 million weight units.

Legitimate currency must be easily and quickly verifiable to individuals and merchants. Verifiability is important to maintaining trust in the currency and avoiding risk of financial loss to individuals and businesses conducting transactions.

Volatility is a measure of an asset’s variation in price over time.

Volume is a measure of how often an asset is being traded on financial markets.

VWAP is the measure of an asset’s volume-weighted average price. An asset’s volume-weighted average price (VWAP) is calculated by taking the average of every trade in a specified time period.

vSize is a measure of the size of a block, measured in weight units. The Bitcoin protocol limits blocks to 4 million weight units, equivalent to a maximum of 4 megabytes.