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

Altcoin

Coins althernative to Bitcoin

Variable Buy/Sell Tax

On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.

Replay Attack

A replay attack is a form of network attack when valid data transmission is fraudulently intercepted, then delayed or resent to mislead the receiver into doing what the hacker wants.

Cloud Mining

Mining on blockchains through rented processing power rented from companies that host the physical equipment.

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