Vocabulary Words Every Blockchain Product Manager Should Know

Block

Definition: A solid piece of material; also refers to stopping or preventing something.

• He used a block of wood for his project.
• They had to block the path to keep everyone safe.
• Understanding how to block effectively can enhance gameplay.

Block in a sentence

Chain

Definition: A series of connected links or items.

• He wore a silver chain around his neck.
• The restaurant is part of a large chain.
• We need to link the chain to the bicycle.

Chain in a sentence

Coin

Definition: A small, flat, round piece of metal used as money.

• He found a coin on the ground.
• She collected rare coins as a hobby.
• The coin was worth five cents.

Coin in a sentence

Data

Definition: Information collected for analysis.

• The data shows an increase in sales.
• We need to analyze the data carefully.
• His research includes a lot of data.

Data in a sentence

Token

Definition: An object that represents something or serves as a symbol.

• He received a token of appreciation for his hard work.
• The game included a token that players could collect.
• A token can be a small gift or a special item.

Token in a sentence

Wallet

Definition: a small case for holding money and cards

• He keeps his money in his wallet.
• Her wallet was full of pictures and coupons.
• Don't forget to bring your wallet when you go shopping.

Wallet in a sentence

Peer

Definition: A person of the same age or status.

• I love spending time with my peers at school.
• She asked her peers for help with the project.
• They played games with their peers during recess.

Peer in a sentence

Node

Definition: A point in a network where lines intersect or branch off; also used in graphs.

• The computer network has many nodes.
• Each node represents a connection in the system.
• He studied how nodes interact in a graph.

Node in a sentence

Smart

Definition: having or showing a quick intelligence

• He is very smart in math.
• She wore a smart outfit to the interview.
• The smart student answered all the questions correctly.

Smart in a sentence

Contract

Definition: A formal agreement between two or more parties.

• They signed a contract for the new job.
• The contract outlines the terms of the agreement.
• It's important to read a contract carefully before signing.

Contract in a sentence

Trade

Definition: The buying and selling of goods.

• Countries trade goods with each other.
• He works in the trade business.
• Trade helps economies grow.

Trade in a sentence

Buy

Definition: To get something by paying money.

• I want to buy a new phone.
• She bought a gift for her friend.
• They buy fresh vegetables from the market.

Buy in a sentence

Sell

Definition: To give something to someone in exchange for money.

• I want to sell my old toys at the yard sale.
• The shop will sell fresh fruits and vegetables.
• He decided to sell his bike because he needed money.

Sell in a sentence

Trust

Definition: A firm belief in the reliability or truth of someone or something.

• I trust my friends to keep my secrets.
• They built a trust over many years.
• She has trust in her teacher's guidance.

Trust in a sentence

Secure

Definition: Safe and protected.

• Make sure your password is secure.
• They feel secure in their neighborhood.
• He wants to secure his belongings.

Secure in a sentence

Network

Definition: A group of connected people or things.

• They built a strong network of friends.
• The internet is a global network.
• She joined a professional network.

Network in a sentence

Link

Definition: A connection between two things; can be a website address.

• You can find the link to the article in the email.
• She clicked on the link to open the website.
• There is a link between exercise and health.

Link in a sentence

User

Definition: A person who uses a product or service.

• The app has many users.
• Every user must create an account.
• They conducted a survey for the app users.

User in a sentence

Key

Definition: A small metal instrument used to open locks; something essential for success.

• I lost the key to my house.
• The key to success is hard work.
• She has the key to her car.

Key in a sentence

Open

Definition: To allow access to something; to make available.

• Please open the window to let in fresh air.
• He will open the door for his guests.
• They decided to open a new restaurant downtown.

Open in a sentence

Price

Definition: The amount of money required to buy something.

• The price of the shirt is ten dollars.
• I found a good price for my favorite book.
• Prices change depending on the store.

Price in a sentence

Verify

Definition: to check or confirm

• Please verify the information before sharing.
• I need to verify your identity.
• The teacher will verify the students' attendance.

Verify in a sentence

Digital

Definition: Relating to technology that uses computer systems.

• I prefer digital books over paper ones.
• Digital cameras take pictures without film.
• We can find digital resources online for our project.

Digital in a sentence

Currency

Definition: The money used in a particular country.

• The dollar is the currency of the United States.
• She exchanged her currency for euros.
• Understanding currency is important for travel.

Currency in a sentence

System

Definition: A set of connected things or parts that work together.

• Our school has a new system for tracking grades.
• The solar system has many planets.
• A good study system helps improve learning.

System in a sentence

Access

Definition: The ability to enter or use something; to gain entry.

• Students have access to the library after school.
• She needs access to the internet for her research.
• They provide access to resources for learning.

Access in a sentence

Information

Definition: Facts or details about a subject.

• I need more information about the project.
• The teacher provides information on how to study.
• You can find information online for your research.

Information in a sentence

Blockchain

Definition: A technology that allows secure and transparent record-keeping of digital transactions.

• Blockchain is used for cryptocurrencies like Bitcoin.
• Understanding blockchain can help in finance and technology.
• She learned about blockchain in her computer science class.

Cryptocurrency

Definition: Digital or virtual currency that uses cryptography for security.

• Cryptocurrency is becoming more popular for online transactions.
• He invested in cryptocurrency for its potential growth.
• Understanding cryptocurrency is important in today's economy.

Transaction

Definition: an instance of buying or selling something

• The transaction was completed online.
• He received a receipt for the transaction.
• They tracked the transaction in their records.

Transaction in a sentence

Decentralization

Definition: the process of distributing functions away from a central authority

• Decentralization can lead to more local decision-making.
• The government implemented decentralization to improve efficiency.
• Understanding decentralization is important in management.

Decentralization in a sentence

Ledger

Definition: A book or digital record used for keeping financial accounts.

• The accountant keeps a ledger of all transactions.
• We reviewed the ledger to find the expenses.
• The ledger helps track income and spending.

Ledger in a sentence

Smart Contract

Definition: A self-executing contract with the terms directly written into code.

• A smart contract automatically enforces agreements without intermediaries.
• They used a smart contract to simplify the transaction.
• Understanding smart contracts is important in blockchain technology.

Mining

Definition: the process of extracting minerals or resources from the earth

• Mining is essential for obtaining natural resources.
• He worked in mining to extract coal from the ground.
• The mining industry provides jobs for many people.

Mining in a sentence

Exchange

Definition: To give something and receive something in return; a swap.

• They wanted to exchange books for a project.
• The currency exchange at the airport was busy.
• She had to exchange her old phone for a new one.

Exchange in a sentence

Security

Definition: The state of being free from danger.

• They installed security cameras in the building.
• Security is important in our daily lives.
• She feels safe with good security measures.

Security in a sentence

Protocol

Definition: A set of rules or procedures to be followed in certain situations.

• The protocol for the experiment was carefully followed.
• They established a protocol for handling emergencies.
• Understanding the protocol is important for safety.

Protocol in a sentence

Verification

Definition: The process of confirming that something is true or accurate.

• The verification of the report took several days.
• He needed verification of his identity to access the account.
• They conducted a verification of the data collected.

Verification in a sentence

Consensus

Definition: General agreement among a group of people.

• The team reached a consensus on the project direction.
• There was a consensus that the plan needed improvement.
• They worked towards a consensus during the meeting.

Consensus in a sentence

Asset

Definition: Something valuable owned by a person or company.

• The house is their biggest asset.
• Her skills are a great asset to the team.
• Investing in education is an important asset.

Asset in a sentence

Identity

Definition: The characteristics or qualities that make someone unique.

• Your identity is shaped by your experiences.
• She is proud of her cultural identity.
• Identity is important in understanding oneself.

Identity in a sentence

Platform

Definition: a raised level surface or a system for technology

• The train arrived at the platform on time.
• She stood on the platform to give her speech.
• They developed a new platform for online learning.

Platform in a sentence

Scalability

Definition: The ability of a system to handle growth or increased demand.

• The software has great scalability for future users.
• Scalability is important for business growth.
• They are looking for solutions to improve scalability.

Scalability in a sentence

Innovation

Definition: The introduction of new ideas, methods, or products.

• Innovation is key to business success.
• The technology sector thrives on innovation.
• They focus on innovation to improve their services.

Innovation in a sentence

Peer-to-peer

Definition: A type of network where computers communicate directly with each other without a central server.

• Peer-to-peer networks allow file sharing between users.
• She used a peer-to-peer application to share music.
• Peer-to-peer technology can enhance collaboration.

Peer-to-peer in a sentence

Hash

Definition: A dish made by chopping and mixing ingredients; also a computer term for data processing.

• They made a delicious hash with leftover vegetables.
• In programming, a hash is used for data storage.
• She enjoys a breakfast hash with eggs and potatoes.

Hash in a sentence

Governance

Definition: The way in which organizations or countries are managed and controlled.

• Good governance ensures fairness and accountability.
• She studied governance in her political science class.
• Understanding governance is crucial for effective leadership.

Governance in a sentence

Fork

Definition: A utensil with prongs used for eating or serving food.

• Please use a fork to eat your salad.
• He dropped his fork on the floor.
• She prefers a fork over a spoon for pasta.

Fork in a sentence

Utility Token

Definition: A type of digital token that provides access to a product or service.

• The utility token can be used within the app.
• Investors are interested in the new utility token.
• She purchased a utility token for the game.

Digital Asset

Definition: Any item of value stored in a digital format, such as images or documents.

• Her digital assets include photos and videos.
• They discussed how to manage digital assets for businesses.
• Understanding digital assets is important for online presence.

Cryptography

Definition: The practice and study of techniques for secure communication.

• Cryptography is vital for online security.
• She learned about classical and modern cryptography.
• Understanding cryptography helps protect sensitive information.

Cryptography in a sentence

Transparency

Definition: The quality of being open and honest; allowing others to see what is happening.

• Transparency in business builds trust with customers.
• The company values transparency in its operations.
• Understanding transparency is important for good governance.

Transparency in a sentence

Immutability

Definition: the quality of being unchangeable

• The immutability of the rules surprised everyone.
• He discussed the immutability of historical facts.
• In science, some laws are considered to have immutability.

Immutability in a sentence

Tokenization

Definition: the process of converting rights to an asset into a digital token

• Tokenization can simplify transactions and ownership.
• He learned about tokenization in his finance class.
• The company focuses on tokenization of real estate assets.

Smart Contracts

Definition: Digital contracts that automatically execute when conditions are met.

• Smart contracts streamline processes in various industries.
• They are exploring the use of smart contracts in real estate.
• Understanding smart contracts can improve efficiency in transactions.

Interoperability

Definition: the ability of different systems to work together

• Interoperability is crucial for technology integration.
• They focused on improving interoperability between software.
• The project aims to enhance interoperability across platforms.

Interoperability in a sentence

Hash Function

Definition: A mathematical algorithm that transforms data into a fixed-size hash value.

• The hash function ensures quick data retrieval.
• He learned how hash functions work in programming.
• Using a secure hash function is vital for cybersecurity.

Hash Function in a sentence

Validation

Definition: the act of confirming or supporting something

• Validation of the results is crucial for the research.
• She received validation from her peers for her project.
• The process requires validation to ensure accuracy.

Validation in a sentence

Encryption

Definition: The process of converting information into a code to prevent unauthorized access.

• Encryption keeps your data safe from hackers.
• She used encryption to secure her emails.
• Understanding encryption is vital for online safety.

Encryption in a sentence

Custodial

Definition: related to maintaining and cleaning a building

• The custodial staff keeps the school clean and organized.
• She applied for a custodial position at the office.
• Custodial duties include cleaning and maintenance.

Custodial in a sentence

Non-fungible

Definition: not able to be exchanged on a one-to-one basis

• A non-fungible token represents a unique digital item.
• The concept of non-fungible assets is gaining popularity.
• Understanding non-fungible items can be valuable in art and collectibles.

Liquidity

Definition: The ease with which an asset can be converted into cash.

• High liquidity means you can quickly access your money.
• She learned about liquidity in her finance class.
• Understanding liquidity is essential for financial management.

Liquidity in a sentence

Volatility

Definition: The degree of variation in a trading price series over time.

• Stock market volatility can be stressful for investors.
• High volatility means prices can change quickly.
• Understanding volatility is crucial for traders.

Volatility in a sentence

Regulatory

Definition: Related to rules or laws governing an activity or process.

• The regulatory agency oversees food safety.
• They must follow strict regulatory guidelines.
• Understanding regulatory requirements is important in business.

Regulatory in a sentence

Framework

Definition: A basic structure that supports something.

• The framework of the building is strong.
• We created a framework for our research project.
• Understanding the framework helps in problem-solving.

Framework in a sentence

Ecosystem

Definition: A community of living organisms and their environment.

• The forest ecosystem is home to many animals.
• We learned about the ocean ecosystem in science class.
• Protecting our ecosystem is important for the planet.

Ecosystem in a sentence

Incentive

Definition: Something that motivates or encourages someone to do something.

• The bonus was an incentive for employees to work harder.
• They offered an incentive for early registration.
• Incentives can improve productivity in the workplace.

Incentive in a sentence

Anonymity

Definition: The state of being unknown or unidentified.

• She valued her anonymity while sharing her opinion.
• Anonymity can encourage honest feedback.
• The survey was conducted with anonymity in mind.

Anonymity in a sentence

Oracle

Definition: A person or medium through whom advice or prophecy is sought, often in ancient contexts.

• The oracle provided guidance to the leaders of the city.
• They consulted the oracle about their future.
• In mythology, the oracle was known for her wisdom.

Oracle in a sentence

Pseudonymous

Definition: using a false name; anonymous

• The author remained pseudonymous to protect privacy.
• Pseudonymous works can still gain popularity.
• He published his book under a pseudonymous identity.

Pseudonymous in a sentence

Governance Token

Definition: a digital asset used to vote on decisions in a decentralized organization

• Governance tokens allow holders to influence decisions.
• She received governance tokens for her participation.
• Using governance tokens can empower community members.

Staking

Definition: the act of placing a bet or asserting a claim

• He is staking his reputation on the project’s success.
• They are staking their resources for the upcoming event.
• Staking a claim in the competition can lead to rewards.

Staking in a sentence

Yield Farming

Definition: a method of earning rewards in cryptocurrency

• Yield farming allows users to earn interest on their assets.
• Many investors are exploring yield farming opportunities.
• He learned about yield farming in the crypto workshop.

Custody

Definition: the protective care or guardianship of someone or something

• The court granted her custody of the children.
• He was in custody for further questioning.
• They discussed issues related to child custody in family law.

Custody in a sentence

Airdrop

Definition: The delivery of goods by dropping them from an aircraft.

• The food airdrop helped people in need after the disaster.
• They received supplies through an airdrop.
• The military used an airdrop to deliver equipment.

Airdrop in a sentence

Hash Rate

Definition: The speed at which a hash function is computed, often in cryptocurrency mining.

• The hash rate determines how quickly blocks are mined.
• A higher hash rate can lead to more rewards in mining.
• She monitored the hash rate to optimize her setup.

Consensus Mechanism

Definition: The process by which a group comes to an agreement.

• The consensus mechanism is crucial for decision-making.
• They discussed the consensus mechanism used in the project.
• A strong consensus mechanism ensures fair outcomes.

Sidechain

Definition: a separate set of processes in a blockchain

• Sidechains can improve transaction speeds.
• He learned about sidechains in his cryptocurrency course.
• Using sidechains can help manage network congestion.

Mainnet

Definition: The primary network for a cryptocurrency or blockchain project, where real transactions occur.

• The project launched its mainnet last month.
• Developers are excited about the features of the mainnet.
• Testing on the mainnet is crucial for success.

Testnet

Definition: A testing network that simulates a blockchain environment for development and experimentation.

• Developers use a testnet to deploy and test new features.
• He tested the application on the testnet before the main launch.
• A testnet allows for safe experimentation with cryptocurrencies.

Gas Fees

Definition: Multiple charges related to gas usage.

• The gas fees increased due to higher prices.
• She budgeted for the gas fees throughout the month.
• Gas fees can affect your total expenses.

Proof Of Work

Definition: A system that requires a computer to solve complex puzzles to validate transactions in blockchain.

• Proof of work helps secure Bitcoin by making it hard to cheat.
• Miners use proof of work to add new blocks to the blockchain.
• The proof of work process can take considerable computing power.

Proof Of Stake

Definition: A method of validating transactions in cryptocurrency where owners of coins can validate blocks.

• In proof of stake, you earn rewards based on the number of coins you hold.
• Many believe proof of stake is more energy-efficient than proof of work.
• He invested in a cryptocurrency that uses proof of stake for security.

Digital Identity

Definition: The online representation of an individual or organization, including profiles and accounts.

• Your digital identity is important for your online reputation.
• He managed his digital identity carefully on social media.
• Understanding digital identity helps in personal branding.

Custody Solution

Definition: a way to manage and secure custody arrangements

• They developed a custody solution to help parents.
• Understanding custody solutions is essential for legal matters.
• The custody solution aimed to prioritize the child's well-being.

Smart Contract Audit

Definition: A review process to ensure the correctness and security of a smart contract.

• The smart contract audit revealed several vulnerabilities.
• She scheduled a smart contract audit before deployment.
• Conducting a smart contract audit is essential for safety.

Blockchain Explorer

Definition: A tool to view and search blockchain data.

• He used a blockchain explorer to check his wallet balance.
• A blockchain explorer shows transaction history.
• Learning to use a blockchain explorer is useful for users.

Cryptoeconomics

Definition: The study of economic principles in the context of cryptocurrencies and blockchain.

• Cryptoeconomics helps design secure networks.
• He studied cryptoeconomics for his thesis.
• Understanding cryptoeconomics is crucial for blockchain projects.

Tokenomics

Definition: the study of the economics surrounding tokens

• Tokenomics helps investors understand value and utility.
• He learned about tokenomics for his cryptocurrency project.
• Understanding tokenomics is crucial for successful token launches.

Distributed Ledger Technology

Definition: a system for recording transactions across multiple computers

• Distributed ledger technology ensures transparency and security.
• He studied distributed ledger technology in his finance course.
• Understanding distributed ledger technology is essential for modern finance.

Hashing

Definition: The process of converting data into a fixed-size string of characters.

• Hashing is used for secure data storage.
• The system performs hashing to protect sensitive information.
• She learned about hashing techniques in her computer class.

Hashing in a sentence

Distributed

Definition: spread out or shared across a space or group

• The distributed teams worked on different parts of the project.
• They used a distributed approach to manage resources.
• Understanding distributed systems can enhance efficiency.

Distributed in a sentence

Digital Assets

Definition: Multiple items of value stored digitally, including files and media.

• The company has many digital assets like logos and videos.
• They focused on protecting their digital assets.
• Understanding digital assets is key for online security.

Fungibility

Definition: The property of being interchangeable; the ability to be exchanged.

• Money has fungibility, allowing it to be easily traded.
• The fungibility of stocks makes them easy to buy and sell.
• Understanding fungibility is important in economics.

Security Token

Definition: A digital token used to manage access and authentication in systems.

• The security token enhances the protection of user accounts.
• He used a security token to log into the system.
• Security tokens are essential for multi-factor authentication.

Whitepaper

Definition: a document that explains a topic in detail

• The whitepaper outlined the project goals.
• She wrote a whitepaper on renewable energy.
• A whitepaper can help inform stakeholders.

DAO

Definition: Decentralized Autonomous Organization; a type of organization represented by rules encoded as a computer program.

• The DAO allows members to vote on decisions.
• He invested in a DAO to support new projects.
• Understanding a DAO can be complex but rewarding.

DApp

Definition: Decentralized Application; an application that runs on a blockchain.

• The DApp allows users to trade cryptocurrencies easily.
• He developed a DApp for secure messaging.
• Understanding DApps is important for future technology.

Multichain

Definition: involving multiple chains or links

• The multichain approach improved supply chain efficiency.
• They studied multichain systems in logistics.
• Understanding multichain networks is important for management.

Custodial Wallet

Definition: a type of digital wallet where a third party holds the keys

• He used a custodial wallet for his cryptocurrency.
• Custodial wallets are convenient for beginners.
• She learned about the risks of custodial wallets.

Private Key

Definition: A secure code used to access a cryptocurrency wallet.

• Your private key must be kept safe to protect your funds.
• If someone has your private key, they can access your account.
• Never share your private key with anyone.

Public Key

Definition: A cryptographic code that allows users to receive messages securely.

• Your public key can be shared with anyone for communication.
• Public keys are essential for secure online transactions.
• He shared his public key to receive encrypted messages.

Address

Definition: The location where someone lives or works.

• What is your address for the invitation?
• Please write your address on the form.
• He moved to a new address last month.

Address in a sentence

Network Effect

Definition: A phenomenon where the value of a product or service increases as more people use it.

• The network effect is strong with social media platforms.
• He explained how the network effect boosts user engagement.
• Understanding the network effect can help businesses grow.

Pseudonymity

Definition: the state of using a false name

• Pseudonymity allows authors to write anonymously.
• In online forums, pseudonymity is common.
• Her pseudonymity protects her privacy.

Trustless

Definition: Describing a system where trust is not required between parties, often in technology or finance.

• The trustless environment of blockchain technology enables secure transactions.
• He preferred trustless systems for online exchanges.
• In a trustless setup, verification is handled by the network.

Byzantine Fault Tolerance

Definition: the ability of a system to continue functioning despite failures

• Byzantine fault tolerance is crucial in distributed systems.
• They studied Byzantine fault tolerance in computer science.
• Understanding Byzantine fault tolerance helps improve reliability.

Cross-chain

Definition: Referring to interactions between different blockchains.

• Cross-chain technology allows for asset transfers between blockchains.
• They discussed cross-chain solutions in the meeting.
• Understanding cross-chain operations is crucial for blockchain developers.

Consensus Algorithm

Definition: A method for achieving agreement among a group, often used in computing.

• The consensus algorithm ensures all nodes in the network agree.
• They used a consensus algorithm to validate transactions.
• Understanding consensus algorithms is key in blockchain technology.

Block Size

Definition: The amount of data that can be stored in a block.

• The block size affects transaction speed.
• He learned about block size in his blockchain course.
• Smaller block sizes can lead to more transactions.

Halving

Definition: dividing something into two equal parts

• Halving the cake made it easier to share.
• We practiced halving numbers in math class.
• Halving the recipe helped us make just enough.

Layer Two

Definition: Another term for layer 2; refers to the second level in a hierarchy.

• Layer two solutions enhance performance in networks.
• She studied layer two protocols for her exam.
• The project requires knowledge of layer two concepts.

Zk-rollups

Definition: multiple zk-rollups used in transactions

• Developers are excited about zk-rollups for blockchain.
• The system uses zk-rollups to handle large data.
• They implemented zk-rollups to improve performance.

Digital Signature

Definition: an electronic signature that verifies the authenticity of a message

• A digital signature ensures that the sender is genuine.
• She used a digital signature to sign the document online.
• Digital signatures are important for secure communications.

Digital Signature in a sentence

Privacy Coin

Definition: A type of digital currency that focuses on keeping transactions anonymous.

• People use privacy coins to keep their financial activities secret.
• The rise of privacy coins has sparked discussions about security.
• Some investors are interested in privacy coins for their potential anonymity.

Cold Storage

Definition: A method of preserving food by keeping it at low temperatures.

• They used cold storage to keep the fruits fresh.
• Cold storage is important for many perishable items.
• He learned about cold storage techniques in class.

Cold Storage in a sentence

Warm Wallet

Definition: a digital wallet that is connected to the internet

• She keeps her cryptocurrency in a warm wallet.
• A warm wallet is easy to access for online transactions.
• He prefers using a warm wallet for convenience.

Hot Wallet

Definition: A digital wallet used for storing cryptocurrencies that is connected to the internet.

• He keeps some of his funds in a hot wallet for easy access.
• Hot wallets are convenient but less secure.
• She learned about the risks of using a hot wallet.

Blockchain Protocol

Definition: The set of rules that govern a blockchain.

• Each blockchain protocol has its own characteristics.
• Understanding blockchain protocol is crucial for developers.
• The blockchain protocol determines how transactions are made.

Interoperability Standards

Definition: accepted guidelines for how systems should communicate

• The project adhered to interoperability standards.
• Following interoperability standards is crucial for success.
• They reviewed the interoperability standards before implementation.

Decentralized Application

Definition: an application that runs on a decentralized network

• The developer created a decentralized application for secure transactions.
• Decentralized applications often use blockchain technology.
• She studied how decentralized applications work.

Community Governance

Definition: The way a community makes decisions and manages its resources.

• Community governance empowers residents to participate.
• They discussed community governance in their meeting.
• Effective community governance leads to better outcomes for all.

Economic Incentive

Definition: A financial motivation to encourage certain behaviors or actions.

• Tax breaks serve as economic incentives for businesses.
• They offered economic incentives to attract new companies.
• Understanding economic incentives can influence decisions.

Fungible Token

Definition: A digital asset that is interchangeable and has value.

• Cryptocurrency is an example of a fungible token.
• They learned about fungible tokens in their technology class.
• Fungible tokens can be traded on various platforms.

Regulatory Compliance

Definition: following laws and regulations in business practices

• Regulatory compliance is important for any organization.
• They ensure regulatory compliance through regular audits.
• Understanding regulatory compliance helps avoid penalties.

Custodial Service

Definition: a service that provides cleaning and maintenance

• The school hired a custodial service to keep the building tidy.
• Custodial services are essential for large facilities.
• They discussed the custodial service's responsibilities.

Peer-to-peer Network

Definition: A network structure where each participant can act as both a client and a server.

• A peer-to-peer network is flexible and efficient.
• They set up a peer-to-peer network for their project.
• In a peer-to-peer network, resources are shared directly.

Peer-to-peer Network in a sentence

Transaction Throughput

Definition: The number of transactions processed in a given time period.

• The system's transaction throughput increased during sales.
• Understanding transaction throughput helps in system design.
• High transaction throughput is essential for busy websites.

Blockchain Scalability

Definition: The ability of a blockchain to handle growth.

• Blockchain scalability is vital for large applications.
• He explored solutions for blockchain scalability.
• Understanding blockchain scalability helps in planning.

Decentralized Autonomous Organization.

Definition: same as decentralized autonomous organization; a self-governing entity on a blockchain

• He invested in a decentralized autonomous organization for transparency.
• Decentralized autonomous organizations can transform governance.
• She learned about the benefits of decentralized autonomous organizations.