GLOSSARY OF TERMS

 

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There are 2 names in this directory beginning with the letter I.
ICO
An acronym for Initial Coin Offering. It is a method for a company (generally a start-up) to generate investments for a new cryptocurrency or token. Those investing in the ICO do not get a stake in the company, instead they take a risk on the success of the new currency. Essentially, they gamble that the new token will circulate and increase in value and therefore generate a profit for them.

IPFS
An acronym for InterPlanetary File System. IPFS is a file system that is identified by hashes and used to retrieve and share data and links. Wikipedia describes it as "a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files".


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