Glossary

The term open source originated in software development which refers to software whose source code is made freely available to the public.

Options can be used to speculate, taking positions in assets at a lower cost than buying shares or they’re used to hedge and reduce risk.

Mt. Gox was a cryptocurrency exchange that operated between 2010 and 2014, handling over 70% of global bitcoin transactions in 2013.

Cryptocurrency is a collective term for any project that uses coins or tokens and uses cryptography for security reasons.

FPC (Fabric Private Chaincode) is an extension of Hyperledger, designed to enhance the confidentiality of data within a blockchain network.

Virtual Asset Service Providers (VASP) act as intermediaries that facilitate the exchange and management of digital assets.

Mainnet refers to the stage at which a blockchain protocol is fully developed, operational and its transactions are recorded.

Blockchains are typically categorised by layers (L0,L1, and L2) depending on their structure and functionality.

Consensus algorithms ensure blockchain integrity and security, with Proof of Work (PoW) being the pioneering algorithm, as seen in Bitcoin, utilizing computational puzzles to verify and secure transactions without central authority.

Futures are financial contracts in which a seller commits to deliver a commodity or asset to a buyer at a predetermined date and price.

Ethereum, a decentralized blockchain, which transitioned from Proof-of-Work to Proof-of-Stake, enhancing security and efficiency. Ethereum uses smart contracts to build decentralized apps allowing DeFi and NFT solutions.

Delegated Byzantine Fault Tolerance (dBFT) is a consensus algorithm used in certain blockchain networks to validate transactions and add new blocks.

Digital Asset Modeling Language (DAML) is an open source smart contract language developed by the company Digital Asset.

Decentralized autonomous organizations (DAOs) are an innovative form of organization based on the blockchain technology.

When a market is in contango, the forward price of a future is above the spot price.

A cold wallet, unlike a hot wallet, is a wallet that is disconnected from the Internet. Therefore it is much more secure.