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Plain-language definitions

Digital finance glossary

Clear definitions for common crypto, blockchain, market, and fintech terms.

Blockchain

A shared data structure maintained by a network under defined validation rules.

Bridge

A system that transfers or represents assets and messages between networks.

Cold wallet

Key storage designed to remain offline or isolated from internet-connected devices.

Consensus

The process a distributed network uses to agree on valid state transitions.

Custody

The control and safeguarding of assets or the keys that authorize their movement.

DeFi

Financial applications built with smart contracts and blockchain-based assets.

Gas

A unit used to price computation or transaction processing on some blockchains.

Liquidity

The ability to transact without causing a large price movement.

Market capitalization

Current unit price multiplied by a stated supply measure.

Oracle

A mechanism that supplies external data to smart contracts.

Private key

Secret information used to authorize cryptographic signatures.

Rollup

A scaling system that batches activity and posts data or proofs to a base chain.

Seed phrase

A human-readable backup used to derive wallet keys.

Slippage

The difference between an expected transaction price and the executed result.

Smart contract

Code deployed to a blockchain that executes according to predefined rules.

Stablecoin

A token designed to track the value of another asset, often a national currency.

Tokenization

Representing rights or claims using digital tokens.

Wallet

Software or hardware used to manage keys and interact with blockchain networks.

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