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

Solidity

Object oriented programming languaged used in various smart contract blockchains.

Bitcoin Improvement Proposal (BIP)

Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.

Difficulty

A relative measure on how difficult it is to correctly guess a new block

Oracles

In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.

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