Crypto Terms:
Letter I
What is Input-Output Hong Kong (IOHK)?
Meaning:
Input-Output Hong Kong (IOHK) -
is a company that develops platforms based on blockchain technology.
Let's find out Input-Output Hong Kong (IOHK) meaning, definition in crypto, what is Input-Output Hong Kong (IOHK), and all other detailed facts.
Input-Output Hong Kong (IOHK), now referred to as Input-Output Global, is an engineering and research company that deals in software development. Its main purpose is to help companies create digital infrastructures and systems that are based on blockchain technology.
IOHK provides services for anyone who wants to implement distributed ledgers or cryptocurrencies into their organization. Their main clients are government agencies, educational institutions, and businesses.
Charles Hoskinson and Jeremy Wood, the same men who were part of the developer team behind Ethereum, co-founded IOHK. The company began its work in 2015 and currently has over 400 employees from around the world. IOHK prides itself on its culturally diverse and skilled teams working at the company.
Developers at IOHK believe that blockchains and cryptocurrencies can and should be used by everyone. Therefore, their projects and tools are open source.
IOHK team built their own blockchain platform called Cardano. However, most of the credit for developing this cryptocurrency goes to Charles Hoskinson.
In essence, Cardano is a platform based on layered blockchain technology that provides a foundation for anyone who wants to utilize their research and engineering capabilities to bring forward innovation. Cardano offers a variety of tools and programs to make the process easier. It’s also easy to scale due to the technology behind it.
Cardano is considered to be a part of third-generation cryptocurrencies since it offers solutions that are greater than the previous protocols. The team of developers behind Cardano took great care to build the platform in accordance with the standards of the academic and commercial software development fields.
What makes Cardano stand out from other platforms is that it was developed by applying a research and science first approach.
One of the key properties of this platform is that it’s able to evolve along a consensus achieved by a democratic governance system.
Additionally, the treasury system implemented within Cardano allows funding the platform in sustainable ways. This allows the company to take big steps forward when it comes to bettering the platform.
Bitcoin, it kind of is the same, as it refers to <strong>arbitrary content inscribed on a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-satoshi-sats/">satoshi. It can be any type of digital content, including text, images, and so on.<\/p>\n<p>Inscriptions reside on the Bitcoin network as <strong>individual digital entries, or so-called digital artifacts<\/strong>. They are an extension of the network because they do not require a sidechain or a creation of a new token. However, do note that the block space limitation for each satoshi places a <strong>4 MB size limit on inscriptions<\/strong>.<\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-ordinals/">The Ordinals protocol<\/strong><\/a>, a satoshi numbering system, makes it possible to employ inscriptions. It assigns a sequential number to each satoshi as it is mined and moved from transaction inputs to transaction outputs. These numbers act as satoshi identifiers.<\/p>\n<p>Now, why would one wish to inscribe something on a satoshi? Well, there are many reasons. An inscription can be used to <strong>add information to a transaction<\/strong>, such as a note for the recipient or even the attachment of a file.<\/p>\n<p>Moreover, since inscriptions on Bitcoin act as unique digital artifacts that can be collected or traded, they can also be used to <strong>create Bitcoin-based NFTs<\/strong>. Though, inscriptions are essentially Bitcoin transactions, which makes them more immutable and decentralized compared to traditional <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFTs that require a separate infrastructure and tokens.<\/p>\n<p>However, their usage doesn't end here. In March 2023, a Twitter user that goes by the name domo (@domodata) proposed a <strong>new experimental<\/strong> <strong>token standard that allows the creation of fungible tokens on the Bitcoin network<\/strong> - <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-brc-20/">BRC-20. The inscription of JSON (JavaScript Object Notation) data is used to create these tokens.<\/p>","definition":"digital entries that come in the form of metadata encoded on a satoshi, the smallest Bitcoin unit.","status":"published","meta_title":"What are Inscriptions on Bitcoin? Definition & Meaning | Crypto Wiki","meta_description":"Inscriptions on Bitcoin meaning: Inscriptions on Bitcoin - digital entries that come in the form of metadata encoded on a satoshi, the smallest Bitcoin unit.","meta_keywords":null}"
:prev-section="{"id":468,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Initial_coin_offering","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-13T05:04:58.000000Z","slug":"what-is-initial-token-offering-ito","title":"What is Initial Token Offering (ITO)?","section":"I","keyword":"Initial Token Offering (ITO)","content":"<p><strong>Initial Token Offering (ITO)<\/strong> describes a type of <strong>event whose main purpose is to raise funds for a cryptocurrency project<\/strong>.<\/p>\n<p>ITOs and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)<\/strong><\/a> are two terms that are often used interchangeably. While they’re similar, there are a few differences that set ITOs apart from ICOs.<\/p>\n<p>Unlike ICOs where the crowdfunding process is aimed at cryptocurrencies, <strong>ITOs prioritize offering tokens that have intrinsic utility<\/strong>. For instance, investors receive access to a specific platform through a subscription where token holders are able to take advantage of exclusive features. <\/p>\n<p>Essentially, ITOs have a lot more in common with tokenization than crowdfunding since coins are tokens are not the same. While both coins and tokens are part of the cryptocurrency bubble, tokens mostly operate on an existing blockchain based on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 standard while coins operate on their own independent blockchains like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, and XRP.<\/p>\n<p>Initial coin offerings became a controversial topic after some projects turned out to be scams. Moreover, some of the projects that implemented ICOs crashed soon after launching. It’s slowly becoming less and less common in the cryptocurrency world.<\/p>","definition":"is the use of tokens to raise capital in the crypto sector.","status":"published","meta_title":"What is Initial Token Offering (ITO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Token Offering (ITO) meaning: Initial Token Offering (ITO) - is the use of tokens to raise capital in the crypto sector.","meta_keywords":null}"
:model="{"id":927,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Charles_Hoskinson#IOHK_&_Cardano","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-12-13T05:19:13.000000Z","slug":"what-is-input-output-hong-kong-iohk","title":"What is Input-Output Hong Kong (IOHK)?","section":"I","keyword":"Input-Output Hong Kong (IOHK)","content":"<p><strong>Input-Output Hong Kong (IOHK)<\/strong>, now referred to as Input-Output Global, is an engineering and research company that deals in software development. Its main purpose is to help companies create digital infrastructures and systems that are based on blockchain technology.<\/p>\n<p>IOHK provides services for anyone who wants to implement <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledgers<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies into their organization. Their main clients are government agencies, educational institutions, and businesses.<\/p>\n<p>Charles Hoskinson and Jeremy Wood, the same men who were part of the developer team behind <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, co-founded IOHK. The company began its work in 2015 and currently has over 400 employees from around the world. IOHK prides itself on its culturally diverse and skilled teams working at the company.<\/p>\n<p>Developers at IOHK believe that blockchains and cryptocurrencies can and should be used by everyone. Therefore, their projects and tools are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-open-source/">open source<\/strong><\/a>. <\/p>\n<p>IOHK team built their own blockchain platform called Cardano. However, most of the credit for developing this cryptocurrency goes to Charles Hoskinson. <\/p>\n<p>In essence, Cardano is a platform based on layered blockchain technology that provides a foundation for anyone who wants to utilize their research and engineering capabilities to bring forward innovation. Cardano offers a variety of tools and programs to make the process easier. It’s also easy to scale due to the technology behind it.<\/p>\n<p><strong>Cardano is considered to be a part of third-generation cryptocurrencies since it offers solutions that are greater than the previous protocols<\/strong>. The team of developers behind Cardano took great care to build the platform in accordance with the standards of the academic and commercial software development fields. <\/p>\n<p>What makes Cardano stand out from other platforms is that it was developed by applying a research and science first approach.<\/p>\n<p>One of the key properties of this platform is that it’s able to evolve along a consensus achieved by a democratic governance system.<\/p>\n<p>Additionally, the treasury system implemented within Cardano allows funding the platform in sustainable ways. This allows the company to take big steps forward when it comes to bettering the platform.<\/p>","definition":"is a company that develops platforms based on blockchain technology.","status":"published","meta_title":"What is Input-Output Hong Kong (IOHK)? 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He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: 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(NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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current-chapter="I"
current-section="what-is-input-output-hong-kong-iohk">
