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Business
Dictionary
🇬🇧

Blockchain Dictionary 2 | Acronym Guide & More Definitions

04.05.2021 |

Business is full of shortened phrases, and technology relies on RAM, ROMs and CPUs. Stuck in the alphabet soup of blockchain and bitcoin, and wondering where to turn? Thomas Euler and Jonas Rubel from Liquiditeam help those of us with NFI (“no f***ing idea”) about the world of blockchain to decipher the key acronyms, including NFTs and ICOs.

 

Here are the time codes that will help you navigate to a specific acronym:

  • Initial Coin Offerings (ICO): 00:19 
  • Security Token Offering (STO): 03:07
  • Transactions per Second (TPS): 05:19
  • Decentralized autonomous organization (DAO): 07:04
  • Decentralized App (DApp): 09:49
  • ERC20: 12:20
  • Non-Fungible Token (NFT): 13:56
  • Digital Trading Cards: 16:17
  • Democratization: 18:43 
  • Consensus: 21:57
  • Marketplace: 23:21