Plain-English definitions for the terms you'll encounter on your financial journey.
A service that provides external data to smart contracts, allowing them to interact with events and information outside the blockchain.
A Decentralized Autonomous Organization is a group that runs itself through computer code rather than a traditional boss or board of directors. Imagine a club where all the rules are written into a smart contract that automatically executes decisions based on member votes, removing the need for a central leader.
A financial system built on blockchain technology that eliminates the need for traditional intermediaries like banks by using automated smart contracts.
A decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications.
A collection of funds locked in a smart contract that provides the necessary capital for decentralized trading and lending.
A service that provides external, real-world data to a blockchain's smart contracts so they can execute based on events happening outside the network.
A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.