Interoperability

By Cryptomcmillan1 | Updated on May 24, 2020

Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions. In the context of cryptocurrencies, it is commonly referred to as the ability for a blockchain to be able work with other blockchains.

Related Terms

Unspent Transaction Output

(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.

Bakkt

Bakkt is a company developed by the Intercontinental Exchange (ICE), owner of the New York Stock Exchange. It specializes in Futures/Options contracts for cryptocurrencies.

Distributed Ledger Technology (DLT)

Describes the technology that enables distributed ledger.

Crowdsale

This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.

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