Terenval Crypto Glossary · Русская версия

Bitcoin

Bitcoin is a decentralized digital monetary network and asset system that uses a public blockchain, proof-of-work consensus and the native asset bitcoin to transfer value without a central transaction operator.

Published and reviewed: 2 October 2026.

Definition: Bitcoin is a decentralized digital monetary network and asset system that uses a public blockchain, proof-of-work consensus and the native asset bitcoin to transfer value without a central transaction operator.

Bitcoin transactions spend previously created outputs and create new outputs. Wallets manage keys and addresses that let users authorize spending of eligible outputs.

How this concept appears in Terenval Wallet

Terenval Wallet supports Bitcoin alongside Ethereum and supported EVM/L2 networks in one mobile interface.

Important: Bitcoin is a separate network from Ethereum and EVM chains; verify the destination and selected network before sending BTC.

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Why the term matters

Practical meaning

Bitcoin transactions spend previously created outputs and create new outputs. Wallets manage keys and addresses that let users authorize spending of eligible outputs.

Safety

Bitcoin is a separate network from Ethereum and EVM chains; verify the destination and selected network before sending BTC.

Related terms

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Sources and review

Terenval product statements are first-party information.