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.

Absolute Advantage

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

Bitcoin Halving

A blockchain event known as a "halvening" (or "Bitcoin halving") causes block subsidies or rewards for validating transactions to be reduced by half.