Absolute Advantage

Absolute Advantage Intermediate An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.

Satoshi (SATS)

The smallest unit of bitcoin with a value of 0.00000001 BTC.

Ad Hoc

a Latin expression that means "for this purpose" or "specifically for this" in contemporary English.

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