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.

Fiat

Fiat money, often known as fiat currency, is money that a government has recognized as legal tender and that it supports.

Node

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

Ad Hoc

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