Internet of Things (IoT)
By Cryptomcmillan1 | Updated on Aug 12, 2021
It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions. For example, an airconditioner than can be switch on and off via smartphone, or the motion sensor that would swich on the light in your office.
Related Terms
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.