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Blockchain & Crypto Glossary
A procedural programming language is a language that is used to change the state of a network through a procedure call (a sequence of program instructions within a single unit)..
A probabilistic nanopayment is a specialized payment mechanism utilized on the Orchid blockchain platform, a blockchain-based VPN provider. Orchid users purchase network bandwidth by paying..
A private sale is generally the first round of funding that is allocated to a blockchain startup prior to the pre-sale and public sale, or Initial Coin Offering (ICO)..
Public-key cryptography (asymmetric cryptography) is a specialized cryptographic system that utilizes pairs of lengthy alphanumeric keys that only function when used in tandem..
Private Investment in Public Equity (PIPE) is an investment type that doesn't involve capital allocation in publicly traded companies, opting instead for private company investment..
A private blockchain system is a distributed network that operates with key differences to an open public blockchain protocol like Ethereum or Bitcoin. Private blockchains are often governed..
A privacy coin is a cryptocurrency that is mainly designed to help preserve the privacy of its users and its underlying network protocol — usually by concealing identity and transaction data..
The principal-agent dilemma is a conflict in priorities found between a person, entity, or group (principal) and a party who has been authorized to act on their behalf (agent)..
The term principal can have multiple meanings in the financial industry, but typically refers to the original sum of money borrowed in a loan agreement. For example: If a borrower takes out..
The prime rate (prime) is the interest rate central and often commercial banks charge borrowers with the strongest credit ratings, typically large corporate entities. In the United States..
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