Speak BSTY.

New to GlobalBoost? Here are the words you'll meet, explained in plain English.

Address

A string of letters and numbers that works like an account number for receiving BSTY. Share it freely so people can pay you. A new address for each payment helps protect your privacy.

ASIC

A machine built to do one job only, such as mining Bitcoin's SHA-256. ASICs are expensive and push ordinary people out of mining. BSTY's Yescrypt algorithm is designed so that normal computers stay competitive.

Bitcoin

The first cryptocurrency, launched in 2009 by the pseudonymous Satoshi Nakamoto. GlobalBoost is built on Bitcoin's open-source code base.

Block

A batch of confirmed transactions added to the blockchain. On GlobalBoost a new block is found about every 10 minutes, and each one links to the block before it.

Block explorer

A website that lets anyone look up blocks, transactions and addresses on the blockchain. Try the Xplorer to follow a payment.

Block reward

The new BSTY a miner receives for finding a block, plus the fees from its transactions. The reward halves on a fixed schedule.

Blockchain

The shared public record of every GlobalBoost transaction since 2014. Thousands of copies are kept by nodes around the world, so no one can quietly change history.

BSTY

The ticker symbol and unit of the GlobalBoost currency, used on exchanges, wallets and price trackers.

Confirmation

A transaction is confirmed once it's included in a block. Each block added on top counts as one more confirmation. More confirmations mean a payment is harder to reverse — wait for several on large amounts.

Cryptography

The mathematics that secures BSTY. It lets you prove you own coins without revealing your private key, and makes forged transactions impossible.

Decentralization

No company, government or leader runs GlobalBoost. The network is kept alive by independent miners, node operators and users everywhere.

Difficulty

How hard it is to find a new block. It adjusts automatically as miners join or leave, so blocks keep arriving roughly every 10 minutes.

Double spend

Trying to spend the same coins twice. The blockchain and confirmations prevent this, which is why merchants wait for confirmations.

Exchange

A marketplace for buying and selling BSTY for other currencies. Only use well-known exchanges, and don't leave large amounts on them — move coins to your own wallet.

Fee

A small amount of BSTY attached to a transaction and paid to the miner who includes it in a block.

Fork

A split in the blockchain, either briefly when two blocks are found at once, or permanently when software rules change. GlobalBoost-Y is the current version of the network software.

Full node

A computer running GlobalBoost software that checks every block and transaction against the rules. Running one means you never need to trust anyone else's copy.

Genesis block

The very first block of a blockchain. GlobalBoost's was mined in July 2014, and every block since traces back to it.

Halving

The scheduled moment when the block reward is cut in half. Halvings slow the creation of new coins over time and keep total supply limited.

Hash rate

The combined computing power miners put into securing the network. A higher hash rate makes the chain harder to attack.

Mining

Using a computer to secure the network and find new blocks. Miners are rewarded with newly created BSTY and fees. Anyone with a PC can mine BSTY.

Mining pool

A group of miners who combine their computing power and share the rewards, giving small miners steadier payouts. Spreading hash rate across many pools keeps the network decentralized.

Private key

The secret that proves you own your coins and lets you spend them. Anyone who has it controls your BSTY. Never share it, and keep a safe backup.

Proof of work

The system that secures GlobalBoost: miners spend real computing effort to add blocks, making it very expensive to rewrite history.

Seed / backup

A copy of your wallet's keys that lets you recover your coins if your computer fails. Store it offline, somewhere only you can reach.

Supply

The total amount of BSTY that exists. New coins only appear through block rewards, on a public schedule anyone can check.

Transaction

A signed message moving BSTY from one address to another. Once confirmed, it's permanently recorded on the blockchain.

Wallet

Software that stores your private keys and lets you send and receive BSTY. The official GlobalBoost wallets are available for Windows and Linux.

Yescrypt

The mining algorithm GlobalBoost uses instead of Bitcoin's SHA-256. It relies on memory as well as speed, which keeps mining fair for ordinary computers.