Offshore account

A bank account that is registered in a country other than the one in which the owner was born is called an offshore account.

Altcoin

Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered “alternate” or “alternative” coins.

Impermanent Loss

When there is a price difference between the two assets a trader owns on a DEX, often a cryptocurrency and a stablecoin (such as USDC), impermanent loss might occur.

Mainnet

A mainnet is a separate blockchain that operates on its own network using its own protocol and technologies.