Glossary Terms

Peer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things – without going through a middleman.

A smart contractA smart contract is code that runs automatically when certain conditions are met. Kind of like "if-then" programming. If X happens, then the smart contract... is code that runs automatically when certain conditions are met. Kind of like “if-then” programming. If X happens, then the smart contractA smart contract is code that runs automatically when certain conditions are met. Kind of like "if-then" programming. If X happens, then the smart contract... executes Y.

Virtual currencyVirtual currency is basically any digital money that people can use for transactions, usually just within a specific app or community online. Some common examples... is basically any digital money that people can use for transactions, usually just within a specific app or community online. Some common examples are in-game currencies, like V-Bucks in Fortnite or gems in Clash of Clans. These are controlled by the game developers.