Glossary

Technical glossary

Short definitions of technical Bitcoin and Lightning Network terms.

• EntropyThe amount of real randomness behind a wallet seed — the lower the entropy, the easier the keys are to guess.
• MacaroonA credential file that grants whoever holds it permission to operate an LND node, without a password.
• MultisigA wallet that requires several private keys (not just one) to authorize each transaction, spreading out the risk of a single point of failure.