Definition of Internet of Things (IoT)

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.

Share this with a friend!

Related Terms

REKT

A shorthand slang for “wrecked”, typically describes bad trades that results in losses.

Hard Fork

It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.

Token Burn

An event in which tokens are verifiably removed permanently removed from circulation.

Interoperability

Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.

Hungry for more knowledge?

Glossary