GLOSSARY

Terms MEANING
Community Representative
2. Centralized
a type of computing architecture where all or most of the processing/computing is performed on a central server
3. Consensus
a general agreement.
4. Cryptocurrency
a digital or virtual currency that uses cryptography for security
5. DAO (decentralized autonomous organization)
an entity in a digital system facilitated by smart contracts
digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer.
nature of blockchain technology means that it doesn’t rely on a central point of control
8. EEP
Ecosystem Expansion Project
9. EOS
Ethereum On Steroids
10. ICONex
Official wallet of ICON
11. ICX
digital currency of ICON Foundation
series of multicurrency wallets that are used to store private keys for cryptocurrencies offline
13. Loopchain
high-performance blockchain engine of ICON project
ability to exchange and make use of information with other
15. P-Reps
Public representative
16. ROI
Return of Investment
17. SDK
software development kit
18. staking
a unit of value issued by a tech or crypto start-up, intended to be a piece in the ecosystem of their technology platform or project
19. UI (User interface)
the interaction between user and computer system
20. UTXO
Unspent Transaction Output
21. Validation
the action of checking or proving the validity or accuracy of something
22. ICONist
the one who have ICX in wallet.
23. Tron
a blockchain platform launched as the foundation for a decentralized entertainment ecosystem.
I-Score is the reward you obtain in the ICON blockchain. 1000 I-Score = 1 ICX. P-Reps as well as iconists receive rewards from ICON in the form of I-Score. I-Score is distributed once a day. You receive first I-Score after 2 days and then daily.
Next term starting time is the exact time when the ranks of P-Reps are changed based on the current vote count. The P-Reps who are in the top 22 at the time of starting a new term becomes the main P-Reps for next term. During this term change time, I-Score is distributed to all P-Reps as well as Iconists and new ranks of P-Reps are calculated.
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