Interoperability
By Cryptomcmillan1 | Updated on May 24, 2020
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions. In the context of cryptocurrencies, it is commonly referred to as the ability for a blockchain to be able work with other blockchains.
Related Terms
Directed Acyclic Graph (DAG)
Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
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