A token offering in return for another coin. The initiation of a new cryptocurrency is also known as an ICO.
Absolute Advantage
An economic theory in which one party produces or provides a particular good or service more efficiently than another party.
Pair
Exchange cryptocurrencies with each other, like the trading pair BTC/ETH.
Off-Chain
All network users can see on-chain transactions because they are recorded on the distributed ledger. Off-chain transactions, however, take place away from the blockchain network
