Definition of Internet of Things (IoT)

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.

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Related Terms

ASIC Resistant

A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.

Directed Acyclic Graph (DAG)

Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.

Smart contracts

Self executing contracts on the blockchain without needing human executors or notary.

Tangle

The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.

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