These are digital contracts that are embedded in program code and whose algorithm automatically executes contract terms. They thus replace human or manual transactions and ensure decentralized execution of contracts. Smart contracts are stored anonymously and forgery-proof in the respective blockchain.

NFTs have been one of the current megatrends on the crypto market since spring 2021.

Data is stored simultaneously on different computers, called nodes.

DAO stands for Decentralized Autonomous Organization.

DAOs can be private or open in nature. People group themselves as a kind of community of interest and organize themselves via a blockchain. In this way, capital is pooled and members decide on rule changes and expenditures of the treasury managed by a smart contract. All members have voting rights, there is no hierarchy.

Is the science of encrypting data and information. The term comes from the Greek language and means something like secret writing. It is the basis for blockchain technology and related techniques such as cryptocurrency, smart contracts, defi and so on. All data and movements are stored encrypted on the blockchain. This is also the goal of cryptography: to protect data from unauthorized access and external control and to protect privacy.

Crypto and Cryptocurrency

Blockchain technology allows ownership of digital assets regulate and secure more directly and efficiently, as it offers a complete and unchangeable data recording. In addition, all certification processes will be faster, more secure and cheaper.

Here you will find the most important terms and associated explanations about the blockchain