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.

Fiat

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

Governance Token

Developers design governance tokens to let token holders influence the direction of a protocol.

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.