Questions tagged [simple terms]

JamesBrown Mon Sep 16 2024 | 6 answers 1794

Can you break down edge computing for me in the simplest terms possible? I'm trying to understand the concept but find it a bit confusing. What is it essentially, and how does it differ from traditional computing methods?

BlockProducer Wed Sep 04 2024 | 5 answers 569

Could you please explain in simple terms what went wrong with FTX, the cryptocurrency exchange? I've heard about some issues but would like a concise overview of the key events and how they led to its downfall.

HanRiverVisionaryWaveWatcher Mon Aug 12 2024 | 6 answers 1230

Could you please explain in simple terms what a cot is? I'm not familiar with the term and would appreciate a straightforward explanation. Is it related to finance or cryptocurrency in any way? Or is it something completely different? I'm curious to know more about it.

Lorenzo Thu Aug 01 2024 | 6 answers 1319

Can you please explain to me in simple terms what a polyhedra is? I've heard it mentioned in the context of geometry, but I'm not sure I fully understand the concept. Is it a type of shape or figure? If so, what makes it unique and how can I identify it? Thanks in advance for your help.

Valentino Wed Jul 24 2024 | 5 answers 1026

Ontology, in its simplest form, can be thought of as the study of the nature of existence. It's the philosophical exploration of what entities exist, their properties, relationships, and how they interact with each other. In the context of blockchain and cryptocurrency, ontology refers to a framework or system that defines the rules, concepts, and structures that govern the creation, management, and use of digital assets. It essentially serves as a blueprint or foundation for building and maintaining a decentralized ecosystem where different entities can interact and transact in a secure, transparent, and efficient manner. Can you give me a real-world example of how ontology is applied in the cryptocurrency space?