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Key Terms

1. Asset Token​

  • A digital representation of ownership in a real-world asset, such as real estate or equity, issued on a blockchain.

2. Blockchain​

  • A decentralized, distributed ledger technology that records transactions across multiple computers securely and immutably.

3. Compliance​

  • Adherence to laws, regulations, guidelines, and specifications relevant to the business operations and processes.

4. Cryptocurrency​

  • A digital or virtual currency that uses cryptography for security and operates independently of a central bank.

5. Decentralized Exchange (DEX)​

  • A type of cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading of digital assets.

6. Fiat Currency​

  • Traditional money issued by governments, such as USD, EUR, or JPY, as opposed to cryptocurrencies.

7. Non-Custodial Wallet​

  • A type of cryptocurrency wallet where the user has full control over their private keys and funds.

8. Custodial Wallet​

  • A type of cryptocurrency wallet where a third party, such as an exchange, holds and manages the user's private keys.

9. Staking​

  • The process of participating in a proof-of-stake (PoS) blockchain network by locking up tokens to support network operations and earn rewards.

10. Automated Market Maker (AMM)​

  • A type of decentralized exchange protocol that relies on a mathematical formula to price assets, allowing for automated trading without a central order book.