LTC / PROOF OF BIRTHDAYSources, questions and an open table
The reading room / Language
A small glossary for a large conversation
Twelve terms that make the rest of the edition easier to question.
01READ
02QUESTION
03VERIFY
04CONTRIBUTE
Definitions here are short educational guides. The surrounding chapters and primary records supply the implementation details. A term can have a precise legal or technical meaning in its own context; do not let a familiar word conceal a different contract or system.
- LTC / The native asset of the Litecoin network.
- Litoshi / One hundred-millionth of one LTC.
- Node / Software that checks the chain under its configured rules.
- Proof of work / A consensus mechanism using computational work.
- UTXO / An unspent transaction output available to be spent under its conditions.
- Halving / A scheduled reduction in the block subsidy at a block-height boundary.
- MWEB / Litecoin extension-block technology for optional confidential transfers.
- Merged mining / Reusing proof-of-work effort across compatible chains.
- Custody / The arrangements controlling and safeguarding signing authority.
- ETP / An exchange-traded product whose exact structure needs checking.
- NAV / Net asset value under a stated valuation method.
- Testnet / A network used for testing; it is not a claim of production readiness.