A blockchain is a digital ledger or a digital record book.

A digital asset is a valuable or useful asset that operates on the blockchain.

A digital asset pegged to currency such as the US dollar, in order to maintain a stable value.

A cryptocurrency is digital money on the blockchain.

The process of creating a digital representation of a real-world asset on a blockchain.

Smart contracts are programs on a blockchain that automatically carry out an agreement when specific conditions are met.

TradFi stands for Traditional Finance. It refers to the conventional financial system, which includes banks, brokers, stock exchanges, insurance companies, and other regulated institutions.

DeFi stands for Decentralized Finance. It refers to traditional financial services such as lending, borrowing, trading, and earning interest, being provided through blockchain-based platforms rather than conventional financial institutions.