Although more and more people are joining in the cryptocurrency market, there are a lot of terminologies that they may still find unfamiliar with.

Precisely understanding these cryptocurrency related jargons will help one to participate in this market in a greater way. So, we are here to help you. As an ICO advisor, we have been posting numerous articles about the terms that are commonly used in this cryptocurrency market.

In the last article, we have summed up some of the basic terms used in the cryptocurrency market. In this posting, we have brought some new terminologies.

-Blockchain: A growing list of transaction records, called blocks, which are linked using cryptography.
-WEF : World Economic Forum
-IoT : Internet of Things
-DDoS : distributed denial-of-service (multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers.)
-DAPP : decentralized peer-to-peer network
-DAO : data access object
-DAC : digital-to-analog converter
-DAG : Directed Acyclic Graph.
-AI : Artificial Intelligence
-P2P : Peer to Peer transaction
-EEA : Enterprise Ethereum Alliance
-B2B : Business-to-business. One business makes a commercial transaction with another.
-BTCC,OKcoin,Huobi,BTCtrade : 4 major cryptocurrency exchanges based in China and HongKong.
-API : application programming interface
-ICT : Information and communication technology
-Finance(Fintech) : financial technology
-IT : Information Technology. Set of tools, processes, and methodologies and associated equipment employed to collect, process, and present information.
-Smart Contract : computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract
-EVM : Ethereum Virtual Machine (Ethereum aims to create a giant distributing computer through binding a great number of computers and devices from all over the world)
-ATH : All Time High. The cryptocurrency is trading at the highest price it has ever achieved.
-USDT : Tether token
-USD : United States Dollar
-Mining : the process of adding transaction records to Bitcoin’s public ledger of past transactions
-DCG : Digital Currency Group
-Segwit :Segregated Witness
-UASF :User activated soft fork
-FTC : the Federal Trade Commission
-SEC : Securities and Exchange Commission
-IRS : Internal Revenue Service
Today, we have introduced some new cryptocurrency related jargons, and we hope this might have helped you understand better about the market.

OZEX

OZEX ICO will proceed over three rounds. Ozex MainNet is in preparation of developing ICO advisor platform and a wallet that will automatically airdrop tokens to OZX holders. OZEX platform is developed and run by multiple professionals from diverse fields. Our project will airdrop 80 different tokens that have high potentials for our OZX holders over the next three years.

OZEX ICO will last for more than two months over three rounds, from 20 June to 28 August 2018. We have successfully seen an early ending of the first round AND the second round within just one day, thanks to people’s active participation. OZEX is in preparation of our last but not least 3rd round.