Bitmark Glossary

AccountSee Bitmark Account.

ancillary information — Information placed on the Bitmark blockchain in addition to the Bitmark certificate (and potentially the digital asset or data itself).

asset record — A record on the Bitmark blockchain that details information about a digital property. You register an asset record.

asset — Something of value. Usually a shorthand for digital asset.

**authenticate (v.) — to prove that you are who you say you are, or that a property is what it purports to be, as opposed to verify.

Bitcoin — The technology behind the bitcoin currency.

bitcoins — The currency enabled by the Bitcoin technology.

Bitmark — The name of a company that creates systems to manage digital property rights.

Bitmark Account — A user account at Bitmark containing a public key and a private key. It links to Bitmark certificates on the Bitmark blockchain and allows a property owner to record, track, and trade their digital assets and data.

Bitmark Account Number — A public key identifying a Bitmark Account.

Bitmark API — A programming interface that allows programmers to interface with the Bitmark Property System. It is an Open Rest API.

Bitmark blockchain — The blockchain used by Bitmark to record Bitmark certificates. It is both decentralized and distributed and is also open, public, and free. Also called the Bitmark public blockchain or the Bitmark public blockchain ledger.

Bitmark certificate — A unique identifier that provides a record of property rights for digital assets and data. Technically, this is either an issue record or a transfer record that records the current ownership of a digital property, associated with an asset record that describes what the digital property is.

Bitmark Health — An iPhone app.

Bitmark Property System — The digital assets and data management system that consists of the Bitmark blockchain, the Bitmark Account, and other tools.

Bitmark Registry — A web app that acts as an index to the Bitmark blockchain.

Bitmark SDK — A collection of language-specific software development kits that provide bindings to the Bitmark API and simplify local key management for signing and encryption.

bitmarkd - The main Bitmark program. It verifies and records transactions on the Bitmark blockchain.

bitmark-cli - A command line interface for interacting with bitmarkd (and thus the Bitmark Property System.

bitmark-wallet - A wallet that allows a recorder to receive bitcoins and litecoins.

bitmark-webui - A web-based user interface to monitor and configure a Bitmark node via a web browser.

block - The basic unit of data in a blockchain. Each block contains transactions (or other records and points back to the previous block on the blockchain.

blockchain — A technology that creates blocks of transactions (or other data) that are linked together to create a chain going back from the present to a Genesis block. Also, a specific instance of the blockchain technology that has created a linked chain of blocks used for some purpose. The Bitmark blockchain and the Bitcoin blockchain are two examples.

cryptocurrency — Digital currencies such as bitcoins or litecoins.

data — Information that is stored in a digital form: digital data.

decentralized — A istributed system that has no single-point-of-failure.

digital asset - Something of value that exist solely or primarily in digital form.

digital assets and data — The two primary sorts of digital property protected by the Bitmark Property System: things of value and information.

digital estate — A collection of digital assets and digital data of value.

digital property — A shorthand for either a digital asset or data, since it encompasses both.

distributed — A system that is divided among many nodes. This is a superset of decentralized.

Hashcash calculation — A proof-of-work calculation used to pay for an issue record.

issue record — A record on the Bitmark blockchain that records the initial ownership of a digital property. You record an issue record (or an issuance).

key pair - A pair of linked keys used in Public-key cryptography: a private key and a public key.

Litecoin — The technology behind the litecoin currency.

litecoins — The currency enabled by the Litecoin technology.

miner - Someone who creates blocks. On the Bitmark blockchain, they are instead called a recorder.

node or Bitmark node — A computer that runs the Bitmark blockchain. Typically this refers to a full node that contains the full contents of the Bitmark blockchain. It runs bitmarkd and recorderd.

private key — Half of a key pair. The private key is part of a Bitmark account and protects Bitmark certificates on the Bitmark blockchain. The other half is the public key.

proof-of-work - A method of Sybil control used to protect blockchains, including the Bitmark blockchain. The other primary method of Sybil control is proof-of-stake.

property — Something that is owned. Usually a shorthand for digital property.

property owner — The legal holder of a property. A property owner can be an individual, institution, or organization.

property rights — Economic constructs that allow a property owner to control property.

public key — Half of a key pair. The public key is part of a Bitmark account; to be precise, it is the Bitmark Account Number. The other half of the key pair is the private key.

record - Information stored on a blockchain to record information. On the Bitmark blockchain, records are used to record property rights and generate Bitmark certificates.

record (v.) — The act of recording a change in property rights. You might record an issue record or a transfer record. For an asset record, you instead register.

recorder — Someone who creates blocks by adding records to the Bitmark blockchain. On other blockchains they are instead called a miner.

recorderd - The Bitmark mining program, run by recorders. It allows nodes to compete with proof-of-work to make blocks.

recovery phrase - a set of 12 mnemonic words that can be used to restore a private key.

register (v.) — The act of recording initial property rights. You might register a digital asset or register an asset record. You can register multiple rights on the Bitmark blockchain.

transfer record — A record on the Bitmark blockchain that describes the transfer of a digital property to a new owner. You record a transfer record (or a transfer).

verify (v.) — To prove that someone’s identity data matches with who they are, as opposed to _authenticate_s.