A QR code (quick-response code) is a type of two-dimensional matrix barcode. It was invented in 1994 by the Japanese company Denso Wave for labeling automobile parts. These codes store data such as website links, phone numbers, or coupons. You’ve probably seen them on menus, billboards, and business cards. Companies use QR codes in print…
Category: Definitions
Most common business terminologies
What is a Chief Commercial Officer (CCO)?
A chief commercial officer (CCO) is a senior executive who is responsible for the commercial strategy and development of an organization. A CCO oversees the activities related to marketing, sales, product development and customer service to drive business growth and market share. A CCO also ensures that the organization’s commercial policies and objectives are aligned…
What is a chief operating officer (COO)?
A chief operating officer (COO) is a senior executive who oversees the day-to-day operations of a company. The COO works closely with the chief executive officer (CEO) and other top-level managers to implement the company’s vision, strategy, and goals. The COO is also responsible for managing the performance, efficiency, and quality of various departments and…
Barter Trade: A System Without Money
Barter, the act of exchanging goods or services directly without using a medium of exchange like money, is considered the oldest form of commerce. While largely replaced by monetary systems, barter still exists in various forms and contexts. Here’s an overview with references to reputable publications: Definition and History: Modern Applications: Limitations and Alternatives: While…
Enterprise Customers
Enterprise customers are large businesses with complex structures and needs. They usually have more than 250 employees and $50 million-plus in annual revenue. They are different from individual customers or small and midsize businesses in terms of their purchasing behavior, decision-making process, and requirements. Some of the challenges and opportunities for selling to enterprise customers…
iGaming
Igaming is a term that refers to online gambling, such as casino games, poker, sports betting, and lottery. There are many igaming terminologies that you might encounter when playing or learning about these games. Here are some examples of common igaming terms:
The Essential Cryptocurrency Terminologies You Need to Know
Cryptocurrency is a complex and ever-evolving industry, with new terms being developed all the time. This can make it difficult for beginners to get started. Here are some of the most common terminologies related to cryptocurrency: Altcoin Blockchain: A decentralized ledger that records transactions. Coin: A unit of cryptocurrency. Cryptocurrency: A digital or virtual currency…
UTXO: Unspent transaction output
An unspent transaction output (UTXO) is a record of a cryptocurrency that has been sent but not yet spent. It represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. UTXOs are used in the UTXO model, which is one of the two…
Token
A token is a digital asset that is created on a blockchain. It is a unit of value that can be used to represent ownership, access, or rights. Tokens can be used for a variety of purposes, such as: Tokens are different from cryptocurrencies in a few ways. First, tokens are not typically mined. Instead,…
Smart contract
A smart contract is a self-executing contract that is stored on a blockchain. It is a piece of code that can be used to automate transactions and agreements. Smart contracts are often used in decentralized finance (DeFi) applications, such as lending and trading platforms. Here are some of the benefits of using smart contracts: Of…
Satoshi: The smallest unit of Bitcoin
A Satoshi is the smallest unit of Bitcoin, equivalent to 100 millionth of a Bitcoin. Bitcoins can be split into smaller units to facilitate smaller transactions. The satoshi was named after the bitcoin founder(s), known as Satoshi Nakamoto. Here are some examples of how Satoshis can be used: As the price of Bitcoin continues to…
Node
A node in a cryptocurrency network is a computer that is connected to the network and participates in the consensus process. Nodes are responsible for verifying transactions, storing the blockchain, and relaying information to other nodes. There are two main types of nodes in a cryptocurrency network: full nodes and lightweight nodes. Full nodes download…