DAO

Taxonomy

DAO stands for decentralized autonomous organization. A DAO is any organization that makes its decisions in a democratic fashion on a decentralized network. A good example of a functioning DAO exists on the Dash network. Every month the DAO on the Dash network decides how to spend a certain amount of funds by voting on various projects. The projects that the DAO approves get funded. In this way a DAO can have employees like a traditional organization but there is no central point of authority or a “boss”, the network votes on every decision.

Data

Taxonomy

Data is information. Within the context of the blockchain ecosystem, data is digital information, in other words, any information stored on a computer, cellphone, or the Internet. This includes plain text, spreadsheets, photos, videos, audio, and any other imaginable digital content.

Database

Taxonomy

A database is a repository of information, a place where information is stored. Anytime you access digital information, it comes from a database. For example, when you download a song from iTunes, you send a request to Apple’s database of music, which then gives you permission to download the file for the song to your computer. When you access your bank account a database is also used. This database is controlled by your bank and is a simple record of all deposits, withdrawals, and other account activity. These types of databases are known as “permissioned” databases, which means that only authorized users are allowed to access and modify the information found on them.

Database

Taxonomy

A database is a repository of information, a place where information is stored. Anytime you access digital information, it comes from a database. For example, when you download a song from iTunes, you send a request to Apple’s database of music, which then gives you permission to download the file for the song to your computer. When you access your bank account a database is also used. This database is controlled by your bank and is a simple record of all deposits, withdrawals, and other account activity. These types of databases are known as “permissioned” databases, which means that only authorized users are allowed to access and modify the information found on them.

Decentralization

Taxonomy

Decentralization is an organizational system opposite to centralization. It involves taking the pieces required to operate a system and spreading them out for the purpose of either security or efficiency. A good example of decentralization is a monarchy versus a democracy. In a monarchy the decision making power for the whole kingdom is given to one person. A democracy is an attempt to decentralize governance by taking the governing power out of the hands of one and into the hands of many.
An example of a decentralized application for a computer is the torrent. A torrent is an alternative way to download a file. Rather than receiving it in one piece from a database, they receive it in little pieces from hundreds or thousands of other computers who have already downloaded the file and are uploading pieces of it from their home computers. Torrenting software re-assembles the file pieces for the downloader and delivers it to the user quickly and in one piece. Some gaming companies use torrents for game releases so that many users can download large game files quickly and simultaneously.

Dehumanization

Taxonomy

Dehumanization is a process that deprives people or groups of people of human qualities. We believe that to be fully human is to be a subject in one’s own reality. In other words being a human who is fully alive involves being able to see and name what is around us (both in terms of physical things, but also systems and ideas), identify our place in this environment, and then take action to modify the environment we find ourselves in as needed. The ability to act in a way that creates change within the environment is what makes a person a subject as opposed to an object. If a person is not allowed to create change within an environment or system, then it has reduced them to a lifeless object.
Because to be fully human is to be a subject in one’s own reality, when humans are objectified, their humanity is stolen from them. This theft of humanity is dehumanization. Dehumanization is a process that strips life from a person and is inherently an act of violence. Because dehumanization is violent, we believe this means it is unjust, cruel, and to be avoided at all costs.

Dogecoin

Taxonomy

Dogecoin is a popular and old cryptocurrency that was created by “forking” litecoin. It was originally created as a joke to demonstrate that cryptocurrencies can become hyperinflated. Due to its lighthearted nature, however, Dogecoin has developed a significant following. If you are interested in a good laugh, check out some Dogecoin memes. Dogecoin is also a great cryptocurrency for getting accustomed to how cryptocurrencies work as you can pick up some $DOGE for fractions of a penny and play around with it in a low stakes environment.

Encryption

Taxonomy

Encryption is the act of protecting information using cryptography. This means that any time something is protected with a password, this information is encrypted. When you unlock your computer with a password you are decrypting the information on your computer. This type of encryption using a simple password is known as “symmetric encryption”. Symmetric encryption works great until more than one person requires access to the encrypted information. If multiple people require access to the information, then the password must be shared. The act of sharing a password makes the information vulnerable because if the password accidentally gets into the hands of the wrong person, they will have access to the protected information.

ERC-20 Token

Taxonomy

ERC-20 tokens are digital tokens that exist on the Ethereum blockchain. One of the standout features of Ethereum is its ability to support smart contracts. Smart contracts are programs which control a specific amount value and automatically distribute this value based on specific events. ERC-20 tokens represent value within a smart contract and are created using a smart contract. Many popular cryptoassets that exist today are ERC-20 tokens which are designed to serve a specific purpose. A list of these tokens can be found at https://eidoo.io/erc20-tokens-list/ .

Ethereum

Taxonomy

Ethereum is the second most popular cryptoasset by market cap. Ethereum was one of the first cryptoassets to significantly improve upon the Bitcoin protocol and this has lead to its position of popularity. Etheruem improves upon Bitcoin by adding functionality to its blockchain beyond the ability to send and receive basic transactions. The Ethereum network functions as a public, network-based, worldwide computer for executing smart contracts in a decentralized environment. For the creation of these smart contracts, Ethereum has its own programming language and virtual machine. Ether, Ethereum’s cryptocurrency is used to pay for usage of the network and the computations it performs. Because anyone can publish a smart contract to the Ethereum network, it has become the world’s most popular smart contract platform and is the host to a number of unique digital tokens.