Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
- Bank Secrecy Act (BSA)
- Banking as a Service (BaaS)
- Beacon Chain
- Bear Trap
- BEP-2 (Binance Chain Tokenization Standard)
- Bid Price
- Bid-Ask Spread
- Binance Labs
- Bitcoin Pizza
- Blockchain Trilemma
- Brian Armstrong
- Bull Trap
- Bull vs Bear Crypto Market
What is Bitcoin pizza:Laszlo Hanyecz?
Bitcoin pizza is a term used for the first time in a Bitcoin transaction where 10,000 Bitcoins were used to buy two Papa John's pizzas. The transaction took place on May 22, 2010, and the Bitcoin user Laszlo Hanyecz bought the pizzas from another Bitcoin user jercos. At that time, the value of Bitcoin was just $0.0025, so the 10,000 Bitcoin amounted to $25.
The idea of using Bitcoin to buy pizza originated from a thread on an online forum where Laszlo Hanyecz asked if anyone wanted to help him buy some pizza with Bitcoin. Jercos stepped up to the challenge and offered to buy Laszlo two Papa John's pizzas in exchange for 10,000 Bitcoin. Laszlo then sent the Bitcoin to jercos and the pizzas were delivered.
The Bitcoin pizza transaction has since been cited as a key moment in the history of Bitcoin, as it showed that Bitcoin could be used to purchase real-world goods and services. It also helped to increase the overall awareness of Bitcoin and its potential uses.