🔖 Glossary

Glossary

Intellectual property

THE COPYING, REPRODUCTION, PRINTING, OR DISTRIBUTION OF THIS WHITEPAPER OR ANY OF ITS CONTENTS, IN WHOLE OR IN PART, WITHOUT THE EXPLICIT PERMISSION OF Dibblecoin, IS STRONGLY DISCOURAGED AND PROHIBITED. Furthermore, by reading this white paper, the reader absolutely acknowledges that Dibblecoin is the sole owner of the intellectual property expressed in the document. The reader agrees not to duplicate, misinterpret, distribute, or reproduce any portion of the white paper without the prior permission of Dibblecoin.

Limitation of Liability

You agree to hold Dibblecoin and its associates, officers, promoters, and employees harmless from any direct or indirect losses, liabilities, costs, damages, and expenses incurred by your use of any of our products or services.

Blockchain

A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (usually represented as a Merkle tree). The timestamp proves that the transaction data existed when the block was published to hash. Since each block contains information about the previous block, they form a chain, with each additional block reinforcing the previous ones. Therefore, blockchains are resistant to modifying their data because, once recorded, the data in any block cannot be changed retroactively without changing all subsequent blocks.

Ecosystem

It is an economic community supported by a foundation of interacting organizations and individuals, the bodies of the business world. The economic community produces goods and services of value for customers, who are members of the Ecosystem. The member bodies also include suppliers, lead producers, competitors, and other stakeholders.

Smart Contract

A smart contract is a computer program or transaction protocol that is intended to automatically execute, control, or document legally relevant events and actions under the terms of a contract or agreement. The goals of smart contracts are to reduce the need for trusted intermediaries, arbitrage and enforcement costs, fraud losses, as well as reduce malicious and accidental exceptions.