A token offering in return for another coin. The initiation of a new cryptocurrency is also known as an ICO.
Altcoin
Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered “alternate” or “alternative” coins.
Absolute Advantage
An economic theory in which one party produces or provides a particular good or service more efficiently than another party.
Node
An essential component of a blockchain infrastructure, a node stores data and allows all communication (transactions) to pass through it.
