Open Source
By CoinGecko | Updated on Mar 03, 2020
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose. It is also a philosophy, with participants believing in the free and open sharing of information in pursuit of the greater common good.
Related Terms
Explain Like I'm Five (ELI5)
To explain in such simple terms that even a five-year-old would be able to understand it.
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Mnemonic Phrase
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.