BGL Whitepaper
  • Welcome to BGL's Whitepaper
    • Our Mission
    • Why Bitcoin?
    • Vision and Goals
  • Executive Summary
    • Overview
    • Key Points
  • Gaming Sector
    • Context and Background
    • Market Analysis
    • Market Opportunity
  • Problem Statement
    • Challenges in Gaming
  • The solution
    • Project Overview
    • Integrations
    • Product Offerings
  • Economic Model
    • In-Game Currency and Rewards
    • Monetization Strategy
  • Roadmap
    • Development Timeline
    • Past Milestones
    • Future Projections
  • Team and Advisors
    • Core Team
    • Advisors and Partners
  • Law & regulation
    • Compliance
    • Risk Disclosure
  • Community and Governance
    • Community Engagement
    • Ambassador Program
  • Investment opportunity
    • Open Investment Rounds
    • Use of Funds
    • > Form for Investors
  • Wrap up
    • Final Thoughts
    • Next Steps
  • Appendix
    • Technical Glossary
    • Additional Resources
      • Investor's Form
  • > Back to BGL's website
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  1. Appendix

Technical Glossary

  • Blockchain: A decentralized, distributed ledger technology that records transactions across many computers, ensuring the data is secure, transparent, and immutable. Each "block" contains a list of transactions, and blocks are linked together to form a "chain."

  • Bitcoin: The first and most widely recognized cryptocurrency, which operates on a decentralized peer-to-peer network without a central authority.

  • Lightning Network: A second-layer technology for Bitcoin that enables faster and cheaper transactions by creating off-chain payment channels between users. It allows for near-instantaneous payments with reduced fees.

  • Decentralized Finance (DeFi): A movement that leverages blockchain technology to recreate traditional financial services like lending, borrowing, and trading in a decentralized, permissionless manner.

  • Phygital: A blend of physical and digital experiences, often used in gaming or marketing to create immersive experiences that bridge the gap between online and offline worlds.

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Last updated 9 months ago