Glossary-O: Difference between revisions
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=== OTC === | === OTC === | ||
: ''Acronym - | : ''Acronym - '''O'''ver '''T'''he '''C'''ounter'' | ||
: The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees. | : The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees. | ||
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=== Over The Counter === | === Over The Counter === | ||
: | : ''See [[#OTC]].'' | ||
</div> | </div> | ||
Latest revision as of 20:58, 16 September 2024
O
Off-Chain
- Processes or data that occur or are stored outside of a main blockchain network, done to reduce expense and improve efficiency.
- See also: #Blockchain, #On-Chain
On-Chain
- Data or transactions stored directly on a blockchain network increasing the level of trust and security for network participants.
- See also: #Blockchain, #Off-Chain
On-Ramp/Off-Ramp
- A platform or service that allows users to convert cryptocurrencies to traditional government-issued currencies and vice versa.
- See also: #Exchange
Open Graph
- A data structure or API that anyone can use or share, often blockchain or decentralized networks.
- See also: #Closed Graph
Optimism
- An Ethereum layer 2 blockchain network founded in 2019 and built as a scaling solution to alleviate congestion and reduce transaction fees.
Optimistic Rollups
- A category of Ethereum layer 2 scaling solutions that handle the computation of transactions off-chain and publish the results on-chain.
- See also: #Optimism
Oracle
- An agent or entity that connects smart contracts to external data sources or systems allowing real-world events to trigger actions on a blockchain network.
Orphan Block
- One of two or more blocks produced simultaneously by miners. The orphan block, also known as a stale block, is the block discarded by the network despite its veracity.
- See also: #Block, #Stale Block
OTC
- Acronym - Over The Counter
- The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees.