Glossary

Oracles bring off-chain data onto the blockchain for various applications and smart contracts to access. Oracles connect blockchains to the real world, the Internet, and each other.

Libra, Facebook’s stablecoin project, was recently renamed “Diem”. Some core properties were changed in the process.

Basically, the permaweb is a collection of interlinked documents and applications – just like the traditional web – with the difference that all content is completely permanent. Arweave coined the term with its Blockweave protocol.

Yearn Finance (YFI) is a decentralized finance platform that operates as a yield aggregator on the Ethereum blockchain

Governance tokens give owners the ability to influence decisions regarding the development and progress of the project.

A centralised exchange (CEX) is the concept of a central platform that enables the purchase and sale of various digital assets.

EIP-1559 is an upgrade for the Ethereum protocol that solves the problems of volatile gas fees and Ether inflation.

The Greeks are an important instrument of risk management, mostly used in the derivatives options space: Delta, Gamma, Theta, Vega and Rho.

Yield farming generally refers to the provision of liquidity for various protocols in the DeFi space that pay out money to providers in return.

Cosmos is an interoperable blockchain protocol that facilitates the transfer of data between different blockchains. The ATOM token serves as the currency of the Cosmos blockchain, allowing users to secure the network through staking and participate in governance activities.

Under the so-called “Travel Rule”, transfers over USD 1,000 must contain information about the sender and the recipient.

Vitalik Buterin is a luminary in the crypto sector and is mostly known as the founder and inventor of Ethereum.

Proof of Stake (PoS) relies on validators for transaction verification, different from Proof of Work, which uses computational power for the same purpose.

Proof of Work (PoW) is a consensus mechanism used in blockchain networks such as Bitcoin to validate and confirm transactions.