Get the latest tech news

What is Bitcoin? Key crypto terms and what they mean

As Bitcoin's price makes headlines once more, here's a look at some key crypto terms and their meanings.

This potentially lucrative process, known as mining, is also controversial because of the incredible amount of energy used as people the world over race to be the first to successfully update the blockchain. This allowed new investors, such as investment management firms like Blackrock and Fidelity, to enter the speculative world of Bitcoin without having to worry about digital wallets or navigating crypto exchanges. Cold wallets are physical devices like specially designed USBs that store crypto offline typically for safer and longer term storage.

Get the Android app