Decentralized Exchange (DEX)

A trading platform that doesn't hold users' funds for them and doesn't require them to deposit money in order to start trading. Users trade straight from their own wallets instead.

Ad Hoc

a Latin expression that means "for this purpose" or "specifically for this" in contemporary English.

Node

An essential component of a blockchain infrastructure, a node stores data and allows all communication (transactions) to pass through it.

Absolute Advantage

An economic theory in which one party produces or provides a particular good or service more efficiently than another party.