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Glossary

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B

Bitcoin
Bitcoin (BTC) is the first and most widely recognized cryptocurrency. BTC can be used as a store of value, a means of transferring money globally, or for payments where accepted.
Block Explorer
A block explorer is essentially a search engine for the blockchain. It allows anyone to browse through the real-time and historical data of a specific network.
Blockchain
A blockchain is a decentralized digital ledger that records transactions securely and transparently. Learn how blockchains work and how KAST uses them for payments.

C

Coin
A coin is a cryptocurrency that operates on its own independent blockchain. Unlike tokens, coins are the fundamental foundation of its specific ecosystem.
Cold Storage

D

Decentralized Application
Decentralized applications run on blockchain networks rather than on centralized servers. dApps operate using smart contracts, which automatically execute rules and logic.
Decentralized Finance (DeFi)

E

Ethereum
Ethereum is a decentralized blockchain platform designed to support smart contracts and decentralized applications (dApps).

F

Fiat Currency
Fiat currency refers to government-issued money that is not backed by a physical commodity. Instead, its value is derived from legal recognition and trust in the issuing authority.

G

Gas Fee
Gas fee is the cost required to process and validate a transaction on a blockchain network

K

Know Your Customer
A mandatory identity verification process required by financial regulators for any service that handles real money

O

Onchain
Onchain refers to any activity, transaction, or data that is recorded directly on a blockchain. Onchain activity is transparent, verifiable, and resistant to tampering.

P

Pegged Currency
A pegged currency is a currency whose value is fixed or closely tied to another asset, such as a foreign currency, commodity, or basket of assets.
Private Key

R

Real-World Assets
Traditional financial assets, such as U.S. Treasury bills, real estate, or commodities, that are represented on the blockchain through tokenization

S

Settlement Time
The delay between when a payment is authorized (transaction approved) and when the funds actually move from your account to the merchant
Smart Contract

T

Tokens
A Token is built on top of an existing blockchain and borrows that network's infrastructure to function
Total Value Locked

Y

Yield
Yield refers to the return earned on digital assets over time. In crypto, it is usually generated through staking, lending or liquidity provision.

Cold storage means keeping cryptocurrency offline to protect private keys from hackers. Learn how cold storage works and how it fits into a secure crypto strategy.

Custodial Wallet

A custodial wallet is a type of cryptocurrency wallet where a third party holds and manages your private keys for you.

Decentralized Finance (DeFi) refers to a broad ecosystem of financial applications built on blockchain networks that operate without traditional intermediaries.

Depeg

A depeg occurs when a cryptocurrency that is designed to maintain a fixed value relative to another asset temporarily or permanently moves away from its intended price.

Digital Asset

A digital asset is any item of value that exists in digital form and can be owned, transferred, or stored electronically.

Dynamic Currency Conversion

A feature at payment terminals that allows you to pay in your home currency (e.g., USD) rather than the local currency

A private key is a confidential cryptographic code that grants control over cryptocurrency held in a wallet and acts as proof of ownership.

A smart contract is a self-executing program stored on a blockchain that automatically enforces rules and actions when predefined conditions are met.

Solana

Solana is a high-performance blockchain network designed for fast transactions and low fees. It supports smart contracts and decentralized applications,

Stablecoin

A cryptocurrency designed to maintain a steady value relative to another asset, most commonly the US dollar.

Total Value Locked (TVL) is a metric used to measure the total amount of digital assets deposited in a blockchain protocol or ecosystem.

Transaction

A transaction (TX) is the transfer of cryptocurrency from one wallet address to another, recorded on a blockchain’s distributed ledger.