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Business Terms and Jargon Explained

What is Bitcoin

Is virtual money that does not rely on financial institutions or central banks for exchange and management. bitcoin is subdivided into 100 million smaller units called satoshis which means that the currency has eight decimal points which is useful as it is used worldwide and can be exchanged for many currencies.

Bitcoin is based on open source software and can be distributed via peer-to-peer internet protocol on computers and Smartphone’s and can be stores on memory sticks.

Breakdown

  • 1 BTC = 1 bitcoin
  • 0.01 BTC = 1 cBTC = 1 centibitcoin
  • 0.001 BTC = 1 mBTC = 1 millibitcoin
  • 0.000 001 BTC = 1 ?BTC = 1 microbitcoin
  • 0.000 000 01 BTC = 1 satoshi

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Payee Taxing Master Income Protection Policy
In loco parentis Voluntary Disclosure Justice of the peace
The Bar Nominee Load List
Nemo dat quod non habet Money Trail Past Service
Mitigation Quality circles Tax Month
ECDSA Critical Success Factors Subscribers
Derivative action Official Receiver N225 Civil Court form
Testacy Kroon LTV
X Bar Western Union World Intellectual Property Office
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Tax Treaty learning curve Credit Risk Mitigation
Afghani Confirmation of Verbal Agreement Trade Debtors
N121 Civil Court form Redemption Continuous Supply Of Services

Term created / updated 2013-04-08 09:18:40

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