Offshore account
An account that is registered in a jurisdiction that is not the account holders country of citizenship.
One Cancels the Other Order (OCO)
A pair of orders that are created concurrently, but will only allow for one of them to be executed.
Open-Source Software
Software that is released under a license that allows anyone the right to use, update and distribute it freely.
Oracle
A data source supplied by a third party that is used to determine the outcome for smart contracts.
Order Book
The list of open buy and sell orders for a specific asset on a marketplace or exchange.
Orphan Block
A block formed in older versions of Bitcoin Core when ancestry data wasn’t required and whose parent block is unknown.
Paper Wallet
A method of safe guarding a private key where it is physically printed on a piece of paper along with its corresponding cryptocurrency address.
Parachain
Parachains are custom, project-specific blockchains that are integrated within the Polkadot (DOT) and Kusama (KSM) networks. Parachains can be customized for any number of use cases and feed into the main blockchain, called the Relay Chain, considered to be the heart of the Polkadot and Kusama networks.
Passive Management
An investment strategy that tracks economic indexes instead of relying on active market exposure.
Peer-to-Peer (P2P)
The practice of two or more computers connecting to share a workload and resources without needing to rely on a centralized server.
Pegged Currency
A currency whose price is designed to track a specific asset, such as the USD.
Phishing
A malicious attack in which a bad actor attempts to obtain the log-in credentials of a user in order to gain unauthorized access into a system or account.
PoH (Proof of History)
Proof of History is a sequence of computation that can provide a way to cryptographically verify passage of time between two events. It uses a cryptographically secure function written so that output cannot be predicted from the input, and must be completely executed to generate the output.
PoS (Proof of Stake)
a set of protocols often used as consensus mechanisms in which validators are selected for block production based on the amount of stake that those validators hold. The PoS consensus mechanism was designed in an effort to avoid the computational cost attributed to PoW consensus mechanisms.
PoW (Proof of Work)
a cryptographic proof, often used as a consensus mechanism, in which one party proves to others that a certain amount (or more than a certain amount) of computational effort has been expended. In blockchain implementations, this tends to be performed by finding second hash preimage that corresponds to one previously given.
Ponzi Scheme
A scam in which the funds from new investors are used to pay the returns promised to older investors.
Price Action
The price movement of a financial asset over time, typically plotted on a chart.
Prisoner's Dilemma
A standard game theory that shows why two individuals might not cooperate, even if it may appear to be in their best interest to do so.
Private Key
A key used in asymmetric cryptography that is meant for use only by its assigned actor, and not by the public. Private keys are used to decrypt data and sign and send transactions. A private key is mathematically linked to a public key.
Private Sale
An early stage investment round for strategic and accredited investors with a large amount of investible funds.
Progressive Web application (PWA)
An application created with modern web technologies that follows basic web standards.
Proof of Attendance Protocol (POAP)
A protocol that generates digital collectibles and badges as a way to prove attendance at an event.
Proof of Stake (PoS)
A consensus mechanism where block validators are required to stake tokens in order to participate in the validation process and earn rewards.
Protocol
the components of a Blockchain Framework that make it necessary to operate a node such that multiple implementations of the same framework can, to a degree, interoperate
Pseudorandom
A number or data set that is produced by a mathematical procedure and satisfies one or more statistical tests for randomness.