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.

Off-Chain

All network users can see on-chain transactions because they are recorded on the distributed ledger. Off-chain transactions, however, take place away from the blockchain network

Satoshi (SATS)

The smallest unit of bitcoin with a value of 0.00000001 BTC.

Governance Token

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