Over the last few years, the entire cryptocurrency and blockchain ecosystem has blossomed and experienced a tremendous level of creativity unseen since the days of the early Internet. As our industry draws more interest, there are an increasing number of common basic questions about blockchain. EMURGO - a global blockchain technology company providing solutions for developers, startups, enterprises, and governments & a founding member of the Cardano protocol - has put together a Blockchain Glossary which contains lists of terms, words, phrases and concepts commonly used in the space, to enhance your understanding of blockchain. Here is a peek at one of our sections: 10 Words to Get You Through the Door of the Blockchain World .
1. Peer 2 Peer (p2p)
Refers to transactions carried out without an intermediary, or with a decentralized system as an intermediary. For example, the direct sharing of data between nodes on a network represents a p2p transaction.
A cryptocurrency is a digital asset that is stored on a distributed ledger. Often shortened to just “crypto” or used interchangeably with “token.”
Cardano is the first third-generation platform for blockchain smart contracts to be built using a scientific philosophy, where feature development is driven by peer review and formal methods. Cardano is being developed in five phases: Byron, Shelley, Goguen, Basho and Voltaire.