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.

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

Accountability

Accountability is the need or willingness to take ownership of one's actions. When someone takes ownership, they are committing to producing successful outcomes.

Bitcoin Halving

A blockchain event known as a "halvening" (or "Bitcoin halving") causes block subsidies or rewards for validating transactions to be reduced by half.