Distributed Ledger
By CoinGecko | Updated on Mar 03, 2020
Ledgers whose data is stored and synced across a network of nodes. A distributed ledger is not limited to cryptocurrency (transactional data) and can store many other kinds of data. It can also be set up to be permission and private.
Related Terms
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Ethereum Virtual Machine (EVM)
Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
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