Glossary

Blockchain
It is a form of distributed database (or ledger) that acts as a record of all the valid transactions which are transmitted to the blockchain network.
Contract
An on-chain document representing the contract between token issuer and user.
Issue
Mint a token from an on-chain contract transaction.
P2PKH (Pay to public key hash)
The most common locking script used by default to send bitcoin.
Redeem
Destroy the token and return the locked Satoshis to the issuer.
Satoshis
The smallest indivisible unit of a bitcoin. 1E8 Satoshis = 1 bitcoin.
Script
Low level bitcoin script.
SDK
Software Developer Kit is a software library to make certain tasks easier for a software developer.
STAS
A token script named after its creator Stas. Also a reverse acronym: Substantiated Tokens from Actualized Satoshis.
Token
It is a type of digital property or control element that can be transferred using a blockchain.
UTXO
An Unspent Transaction Output is an amount of bitcoin that can be spent by the recipient.

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Last modified 6mo ago

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