Category: Definitions

Most common business terminologies

What is a QR Code?

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...