Glossary

All #!?123 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I

ICO


Stands for Initial Coin Offering – the stage at which the new digital coin assets are offered and sold to investors.


Idempotency


When a specific process/operation produces the same result over and over again when called multiple times. An independent operation suffers no additional side effects on the resource.


Identifier


Symbols used to uniquely identify a program element in the code.


IEO


Stands for Initial Exchange Offering – the stage at which a credible intermediary is put between the coin offering team and the user in order to facilitate and reduce risky purchases.


Immutability


The main principle behind Bitcoin and blockchain technology, which states inability to be changed.


Indexing


A method to track the performance of assets in a standardized way.


Inflationary currency/coin


Refers to a currency or crypto coin which follows an “inflation model”. This means that prices rise, more of this currency is periodically created (or mined for crypto coins), its buying power decreases, and hence it becomes less valuable over time. Fiat money is inflationary, that is why $20 dollars buy you less now, than 10 years ago.


Input


Any information or data sent to a computer for processing.


Integrated circuit


A chip that consists of transistor, resistors or capacitors used for different functions such as for computer memory or a microprocessor.


Interoperability


The process of validating the compatibility of blockchains which allows for further usage of their features.


IPFS


Stands for InterPlanetary File System - a protocol and P2P network, created in 2015 with the ambition to eventually replace HTTP, and is used for storing, sharing and forwarding data in a distributed file system.


IPO


Stands for Initial Public Offering – the stage at which the private companies’ shares are offered and sold to the public for the first time.


ISO


Stands for International Organization for Standardization. It is an international standard-setting body composed of representatives from various national organizations, which has its headquarters in Geneva, Switzerland. It was founded in 1947, and promotes worldwide industrial and commercial standards.


Issuance


The generating of new cryptocurrency tokens and coins.