Glossary
Terms and definitions related to cryptocurrency and blockchain industry.
Crypto PSP
A crypto PSP (Payment Service Provider) is a financial technology company or platform that enables businesses to accept, process, and manage payments in cryptocurrencies. They accept different types of cryptocurrencies, and usually convert that into…
Decentralized Applications (dApps)
The rapid rise of blockchain technology has paved the way for a new breed of software applications known as Decentralized Applications (dApps). These applications challenge traditional models by operating on decentralized, blockchain-based networks rather than relying on centralized servers…
Deploy Smart Contract
Smart contract creation entails self-executing digital agreement written in code and stored on a blockchain network, typically Ethereum. Unlike traditional contracts, these programmable scripts automatically enforce the terms of an agreement without requiring intermediaries. When predefined conditions are met, the contract executes its specified actions instantly and transparently…
Digital Assets
Digital assets are defined as digital representations of an item of value on a blockchain, including cryptocurrencies, stablecoins, tokenized financial instruments, and more. These can be owned, transferred, and managed using digital blockchain-powered systems that rely on cryptography to verify ownership and transactions. Digital assets go beyond just cryptocurrencies like Bitcoin or Ethereum. The category also includes…
Fiat-Backed Stablecoin
In the rapidly evolving landscape of digital finance, fiat-backed stablecoins have emerged as a pivotal solution to various pain points often brought up about crypto and digital assets. Fiat-backed stablecoins offer the benefits of cryptocurrency without the volatility that typically accompanies digital assets like Bitcoin or Ethereum…
Markets in Crypto-Assets (MiCA)
As the cryptocurrency market continues to grow and mature, regulatory clarity has become increasingly crucial. The Markets in Crypto-Assets (MiCA) regulation represents the European Union’s pioneering effort to create a comprehensive legal framework for the crypto industry…
Payment Network Interoperability
In the blockchain world, technical interoperability happens through shared technical standards and communication protocols. This includes cross-chain bridges, interoperability layers, and token standards, all of which allow digital assets to move smoothly between different networks…
Wallet-as-a-Service (WaaS)
In the fast-paced world of cryptocurrency and digital assets, managing wallets securely and efficiently is crucial for businesses and individuals alike. However, wallet management can be complex, requiring deep technical knowledge and advanced security measures. Wallet-as-a-Service (WaaS) is a transformative solution that simplifies this process, offering an accessible, secure, and scalable infrastructure for digital asset management…
