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Glossary-Term

DAICO

A method for decentralized funding of projects. It combines ideas from Decentralized Autonomous Organizations (DAOs) and Initial Coin Offerings (ICOs). Project investors have the ability to vote and, if dissatisfied with the progress of the project, could get their money back.

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DAO (Decentralised Autonomous Organization)

A corporation that runs without any human intervention and surrenders all forms of control to an incorruptible set of business rules.

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Dapp

Applications that run without the control of a central authority (like a software company or government).

glossary-blockchain dAPPS
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Darknet

A peer-to-peer layer of the Internet that can only be accessed with special software. It is known as Darknet because it often involves illegal marketplaces and illicit activity.

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DDos Attacks

A denial-of-service attack is a cyber-attack in which the perpetrator seeks to make a machine or network resource unavailable to its intended users by temporarily or indefinitely disrupting services of a host connected to the Internet.

glossary-blockchain 51-Attack
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Decentralized Exchange

A peer-to-peer exchange that allows users to buy and sell cryptocurrency and other assets without the control or fees of a central authority.

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Decentralized Organization

An organization that operates and coordinates work without the control of a central authority like person, company, or the government.

glossary-blockchain Decentralized-ledger
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Decryption

The process used to turn cipher-text into plain text.

glossary-blockchain Decryption
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Delegated Proof of Stake (DPoS)

A delegated model where those with a stake don’t buy a lottery ticket to be able to create blocks, but they use them to vote and elect witnesses.

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Design Goals

Refer to the first step in the Blockchain 3 layer model. They are a set of concepts or properties that you wish your smart contract to have. These include Distribution, Decentralization, Immutability, and Peer-to-Peer.

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Digital Asset

Any text or media that is formatted into binary data.

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Digital Currency

Paperless money that is stored on computers of Private/Public institutions to replace cash.

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Digital Identity

Anything used by friends or institutions to identify you online, such as email address/Twitter handle, etc. On the blockchain, when you sign something (with the private key), you are also proving your identity.

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Digital Signature

A digital code generated by public-key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity.

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Distributed

A system that is not controlled and cannot be changed by a central authority like a person, company, or the government.

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Distributed Ledger

A type of computer database that is stored on many private computers at the same time, instead of central company servers. A distributed ledger does not have to have its own currency and may be permissioned and private. Blockchains are also known as distributed ledgers.

glossary-blockchain Decentralized-ledger
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Distributed Network

A type of network where processing power and data are spread over the nodes rather than having a centralized data center.

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Double Spend

A problem in which somebody fraudulently sends digital money to two different receivers (even though they only have enough for one transaction).