If you have been looking for one place to look up every cryptocurrency glossary term that interests you, then you have found the right place. We pride ourselves on having one of the most complete glossaries of cryptocurrency terms that you will find anywhere, and we are constantly updating it. If you think we have made any errors, or have new terms to suggest, then let us know in the comments at the end of this page
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ICO
ICO means "Initial Coin Offering". It is a method that a newly proposed cryptocurrency project can use to raise funds. In exchange for the investment, a token is received. The invested money is used for the startup and development costs of the project. An ICO is somewhat similar to a stock IPO in a traditional stock market. The investors may also receive some tangible product or service that is being developed, but not always. Some investors have an egalitarian reason for investing, while most invest for the potential price appreciation of the new currency. The ICO is usually accompanied by a detailed White Paper. That document defines all the essential aspects of the project, such as; founders, development team, backers, budget, finance, technical details, and purpose. You usually have to buy an ICO token with some other well-established crypto, like bitcoin. Some ICOs have been very successful and profitable. Still, many others have failed, and the investors have lost 100% of their investment. Some failed due to poor planning or execution, and others were pure scams from the get-go. Since ICOs are generally unregulated, and new cryptocurrencies are relatively easy to create, ICO scams are also easy to create.
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immutable
Means "unchanging" and "unchangeable". This refers to the concept that transactions on the blockchain can't ever be changed or modified. This is a fundamental requirement of a blockchain to prevent hacking. -
IoT
IoT means "Internet Of Things" It refers to physical objects that have added microchips, software, sensors, and wifi to connect them all to the internet. It is becoming more and more common that these "things" are everyday household devices and business/industrial machines that will all be communicating on the internet: your doorbell, your refrigerator, your washing machine, your light bulbs, and much more.
If you think we have made any errors, or have new terms to suggest, then let us know in the comments below.