Vocabulary Unit 10: Digital Economy
Tronc Commun Science
Introduction
Master 150+ key terms to navigate the digital economy landscape, from blockchain to AI market trends, with specialized tech-sector vocabulary.
Sectors
• FinTech
• E-Commerce
• AI Markets
Visual Tools
Interactive Charts
Infographics
3D Models
Tech Focus
Crypto Terms
Cloud Pricing
IoT Economics
1. Digital Economy Fundamentals
1 Blockchain Terms
- Smart contract: Self-executing digital agreement
- DeFi: Decentralized Finance
- Tokenization: Converting assets to digital tokens
“NFT marketplaces use tokenization to represent unique digital assets.“
2 Payment Systems
- Cryptocurrency: Digital currency using cryptography
- Digital wallet: Software-based payment system
- Contactless payment: NFC/RFID transactions
2. Tech Economy Visual Dictionary
Cloud Pricing Models
Pay-as-you-go:
Variable costs
Reserved instances:
Upfront commitment
Spot pricing:
Bid for unused capacity
Cryptocurrency Terms
Blockchain
Mining
Wallet
Hashrate
Fork
Gas fee
“Staking allows crypto holders to earn rewards by participating in network validation.”
Bitcoin
Ethereum
3. Vocabulary in Action
Tech Economy Matching
ICO
SaaS
B2B
Business-to-business model
Initial Coin Offering
Software as a Service
Tech Article Completion
The rise of has disrupted traditional banking, enabling lending without intermediaries. Meanwhile, providers are transforming how businesses access artificial intelligence capabilities.
