Term of the Moment

blockchain economy


Look Up Another Term


Definition: Gitcoin


A decentralized autonomous organization (DAO) that was created in 2017 by Kevin Owocki to fund open source projects entitled "digital public goods." GTC is the symbol for Gitcoin's governance token, which as of mid-2022 had a market cap of $271 million. GTC tokens are used to vote on new projects, whereas Gitcoin Stewards are trusted leaders empowered to make decisions on behalf of the community. Gitcoin pays for projects directly, sponsors competitive hackathons and offers Gitcoin Grants through crowdsourcing events that partner with donors. See DAO and digital public goods.




A Gitcoin Grant
This event was created to run Ethereum on ARM-based computers. The amount raised in this example was as of June 2022. (Image courtesy of Gitcoin.)






Gitcoin's Founder Has Positive Ideas
In his self-published book, Owocki summarizes the vision of leading thinkers and describes how blockchains and crypto innovations can sustain our planet well into the future.