Internet of Things (IoT)
By Cryptomcmillan1 | Updated on Aug 12, 2021
It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions. For example, an airconditioner than can be switch on and off via smartphone, or the motion sensor that would swich on the light in your office.
Related Terms
Emission
The speed/rate at which new coins are minted and released as dictated by the protocols written.
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
zkOracle
A zkOracle is an advanced concept in blockchain technology that combines the properties of oracles with the principles of zero-knowledge proofs.
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