Off-chain transactions that take place may later be reported or bundled together before being sent to the main chain.
Absolute Advantage
An economic theory in which one party produces or provides a particular good or service more efficiently than another party.
Address
In blockchain, an address refers to a unique alphanumeric identifier associated with a digital wallet or account that is used to send, receive, and store cryptocurrencies or other digital assets.
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.
