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.