Page 15 - My FlipBook

initial coin offering (ICO): crowdfunding through blockchain, with ideas,
individuals, and projects looking for support by distributing coins or tokens

intermediary: a person or organization that takes part in the transaction
process but is not the seller or buyer

mining: the process through which miners on a decentralized network add
blocks to a blockchain

node: a computer on a blockchain network that stores a copy of the ledger

private key: a randomly generated number that a user of a cryptocurrency
wallet needs to make transactions over the blockchain

security: a financial asset, usually in the form of a stock or bond that can be
traded

smart contract: a protocol that can verify and enforce the terms of a contract
without third parties

soft fork: a change to the rules of a blockchain that only invalidates old
blocks

token: exchangeable digital assets that are typically based on blockchain.
They can be used to pay participants for helping a blockchain function.

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