The hash function is a mathematical algorithm based on cryptography. This algorithm transforms any given block of a random data into a series of characters with a fixed length. Independently of the length in the entry data, the length of the output data will be always the same. This function works in Blockchain as part of the Proof of Work consensus algorithm, during the mining process of Bitcoin.« Back to Glossary Index
The meaning is “Initial Coin Offering”. The ICO is basically a funds raising process. In this process, the issuer sells a new token in exchange for a cryptocurrency. The process runs under the network of an existing cryptocurrency. This cryptocurrency will be the one used to get the money.
A white paper is a scientific document which explains with a high level of detail one concrete topic. When we talk about cryptocurrencies, the white paper is something similar to the prospectus of the project. In this prospectus we find the motivation for the project, the base technology and the potential risks for the investors.
The metaverse is a digital ecosystem where physical users interact through avatars. This ecosystem replicates the real world but without its physical limitations. The access to this environment is possible through computers, but the feeling of immersion is much better with glasses of augmented reality.