The Oracle is the tool which a blockchain uses to exchange information with the physical world. Thanks to the flow of information it creates between both environments, it can be very useful for the Smart Contracts. In fact, they use these oracles to update the status in their code and trigger (or not) their internal clauses.« 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 tax haven is a place where taxes are very low or even non-existent. Tax havens are not illegal, but they are not ethically well-regarded. Their main objective is usually to attract foreign capital. In fact, these countries are often the destination of criminal activities such as money laundering. As a result, many countries take […]