Namefi Sözlüğü

Namefi ekosisteminin temel kavramlarını keşfedin.

CAA

CAA

A CAA record identifies the certificate authorities that a domain authorizes to issue certificates.

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glossary
Certificate Authority

Certificate Authority

A certificate authority issues digital certificates that associate identities with public keys.

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glossary
Certificate Transparency

Certificate Transparency

Certificate Transparency uses public logs to expose TLS certificate issuance for independent monitoring and auditing.

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glossary
DANE

DANE

DANE authenticates TLS services through certificate or key associations in DNSSEC-protected TLSA records.

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glossary
Intermediate CA

Intermediate CA

An intermediate CA holds certificate-signing authority delegated through a chain to a trust anchor.

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glossary
Man-in-the-Middle Attack

Man-in-the-Middle Attack

A man-in-the-middle attack interposes an attacker between communicating parties to intercept or alter communication.

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glossary
BFV

BFV

BFV is a homomorphic encryption scheme for exact modular arithmetic on encrypted integers.

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glossary
BGV

BGV

BGV is a homomorphic encryption scheme for exact modular arithmetic on encrypted integers.

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glossary
CKKS

CKKS

CKKS is a homomorphic encryption scheme for approximate arithmetic on encrypted real or complex numbers.

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glossary
Groth16

Groth16

Groth16 is a pairing-based proof system with three-group-element proofs and circuit-specific setup parameters.

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glossary
Halo2

Halo2

Halo2 is a PLONKish proof framework whose Zcash implementation avoids a trusted setup using inner-product commitments.

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glossary
Nova

Nova

Nova is a folding scheme that incrementally proves a sequence of computational steps.

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glossary
PLONK

PLONK

PLONK is a zero-knowledge proof system that reuses an updatable setup across circuits within a configured size limit.

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glossary
STARK

STARK

A STARK is a transparent, hash-based proof system for verifying computations without a trusted setup ceremony.

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glossary
TFHE

TFHE

TFHE is a homomorphic encryption family for Boolean and fixed-precision integer operations using frequent ciphertext refresh.

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glossary
Validium

Validium

A validium proves off-chain state transitions on a settlement chain but keeps recovery data outside that chain.

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glossary
Volition

Volition

Volition combines rollup and validium data-availability modes so users or applications can choose where recovery data lives.

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glossary
MCP

MCP

An open protocol that lets AI agents discover and call a server's tools at runtime over JSON-RPC, instead of relying on integration code written in advance.

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glossary
Consensus Mechanism

Consensus Mechanism

The rules a blockchain's participants follow to agree on a single, shared transaction history without a central authority.

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glossary
Data Availability

Data Availability

The confidence that the data needed to verify a block was actually published and is available to network participants.

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glossary
Digital Signature

Digital Signature

Cryptographic proof, generated with a private key, that a transaction was authorized by the account owner and hasn't been altered.

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glossary
Ethereum Virtual Machine

Ethereum Virtual Machine

The stack-based, deterministic runtime that executes smart contract code identically across every Ethereum node.

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glossary
Fully Homomorphic Encryption

Fully Homomorphic Encryption

An encryption scheme that allows computation directly on encrypted data, producing an encrypted result without ever decrypting the inputs.

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glossary
Hash Function

Hash Function

A one-way function that turns any input into a fixed-size fingerprint, used to chain blocks and detect tampering.

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glossary
Merkle Tree

Merkle Tree

A tree of hashes that commits to a large dataset in one root hash, letting anyone verify a single item with a short proof.

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glossary
Optimistic Rollup

Optimistic Rollup

A rollup that assumes off-chain transactions are valid by default and relies on a fraud-proof challenge window instead of cryptographic proofs.

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glossary
Proof of Stake

Proof of Stake

A consensus mechanism where validators lock up the network's asset as a bond and are chosen to propose blocks in proportion to their stake.

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glossary
Proof of Work

Proof of Work

A consensus mechanism where miners compete to solve a computational puzzle to earn the right to add the next block.

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glossary
Rollup

Rollup

A layer 2 scaling technique that executes transactions off the main chain and posts the compressed data and result back to it.

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glossary
Secure Multi-Party Computation

Secure Multi-Party Computation

A cryptographic technique letting several parties jointly compute a result from their private inputs without revealing those inputs to each other.

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glossary
Sharding

Sharding

A scaling technique that splits a blockchain's validation work across multiple parallel subsets of nodes instead of one.

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glossary
Trusted Execution Environment

Trusted Execution Environment

A hardware-isolated region of a processor that runs code and holds data securely, shielded from the rest of the system including the operating system.

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glossary
WebAssembly

WebAssembly

A portable, near-native-speed binary instruction format that several blockchains use as their smart contract execution engine.

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glossary
Zero-Knowledge Proof

Zero-Knowledge Proof

A cryptographic method that lets one party prove a statement is true without revealing any information beyond its validity.

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glossary
ZK Rollup

ZK Rollup

A rollup that submits a cryptographic validity proof with every batch of transactions instead of relying on a fraud-proof challenge window.

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glossary
301 Redirect

301 Redirect

An HTTP status telling browsers and search engines that a page has permanently moved to a new URL.

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glossary
ICANN-Accredited Registrar

ICANN-Accredited Registrar

A registrar approved by ICANN under a Registrar Accreditation Agreement to sell gTLD domains.

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glossary
ACPA

ACPA

A US law letting trademark owners sue cybersquatters in federal court, an alternative to the UDRP.

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glossary
Aftermarket

Aftermarket

The resale market for already-registered domains, where names are bought and sold between owners.

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glossary
AML

AML

Anti-Money-Laundering — the ongoing transaction monitoring and reporting regulated services use to detect illicit funds.

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glossary
Anchor Text

Anchor Text

The visible, clickable words of a hyperlink, a signal search engines use to understand the target.

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glossary
Backlink

Backlink

An inbound hyperlink from another website to yours; the primary driver of search ranking and domain authority.

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glossary
Backorder (Drop-Catching)

Backorder (Drop-Catching)

A service that tries to register a domain the instant it drops, so you can claim an expiring name.

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glossary
Bad Faith

Bad Faith

Registering or using a domain to exploit a trademark, a required element to win a UDRP case.

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glossary
BGP Hijack

BGP Hijack

Rerouting internet traffic by falsely announcing IP routes, a network-layer attack that sits below DNS.

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glossary
Blockchain

Blockchain

A shared, append-only ledger maintained across many computers, the foundation of tokenized ownership.

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glossary
Brandable Domain

Brandable Domain

A short, catchy, often invented name that works as a memorable brand, like a made-up word.

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glossary
Buy It Now

Buy It Now

A fixed instant-purchase price on a domain listing — meet it and the sale completes immediately, no negotiation.

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glossary
ccTLD (Country-Code Top-Level Domain)

ccTLD (Country-Code Top-Level Domain)

A two-letter top-level domain assigned to a country or territory, such as .uk, .de, or .jp.

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glossary
Comparable Sales

Comparable Sales

Past sales of similar domains used as benchmarks to estimate what a name is worth.

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glossary
Cross-Chain Bridge

Cross-Chain Bridge

A protocol that moves tokens or messages between blockchains that cannot natively talk to each other.

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glossary
Cybersquatting

Cybersquatting

Registering a domain matching someone else's trademark in bad faith, hoping to profit from it.

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glossary
DNS Hijacking

DNS Hijacking

Redirecting a domain's traffic by tampering with DNS resolution rather than its registration.

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glossary
DNS Propagation

DNS Propagation

DNS propagation is the delay in observing a DNS update while cached answers and delegation information are refreshed.

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glossary
DNS Record Types

DNS Record Types

DNS record types define the data a DNS entry carries, such as an IP address, an alias, a mail server, or verification text.

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glossary
DNS Resolver (Recursive Resolver)

DNS Resolver (Recursive Resolver)

The server that takes a domain lookup and walks the DNS hierarchy to return the matching address.

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glossary
Domain Appraisal

Domain Appraisal

Estimating a domain's market value from comparable sales, keyword demand, length, and extension.

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glossary
Domain Authority

Domain Authority

A reputation signal estimating how well a domain ranks, driven largely by quality inbound links.

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glossary
Domain Broker

Domain Broker

An intermediary who negotiates a domain sale between buyer and seller, usually for a commission.

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glossary
Domain Expiration

Domain Expiration

The date a domain's registration ends; if not renewed, it begins a lapse process toward deletion.

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glossary
Domain Financing

Domain Financing

Paying for a domain over time in installments instead of a single upfront sum.

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glossary
Domain Forwarding

Domain Forwarding

Sending visitors from one domain automatically to another address, often via a 301 redirect.

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glossary
Domain Hack

Domain Hack

A name that spans the dot to spell a word using the TLD, like del.icio.us or examp.le.

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glossary
Domain Hijacking

Domain Hijacking

The theft of a domain by gaining unauthorized control of its registrar account or registration.

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glossary
Domain Landing Page

Domain Landing Page

The single page shown on a parked or for-sale domain, often with ads, search, or a purchase offer.

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glossary
Liquidity

Liquidity

How quickly a domain can be sold near its estimated value — high for great names, low for niche ones.

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glossary
Domain Parking

Domain Parking

Placing ads or a for-sale notice on an undeveloped domain to earn revenue or signal availability.

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glossary
Domain Portfolio

Domain Portfolio

A collection of domains held by one owner, managed as an investment with renewals, sales, and valuation.

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glossary
Domain Renewal (Auto-Renew)

Domain Renewal (Auto-Renew)

Paying to extend a domain's registration before it expires, often automatically each term.

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glossary
Domain Tasting (AGP)

Domain Tasting (AGP)

A largely defunct tactic of registering domains then cancelling within the free add-grace period.

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glossary
Domain Theft

Domain Theft

The unauthorized transfer of a domain out of its rightful owner's control, often via account compromise.

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glossary
Domaining

Domaining

The practice of investing in domain names — registering, buying, and selling them for profit.

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glossary
End User

End User

A buyer who wants a domain to actually use for a business or project, not to resell it.

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glossary
EPP Status Codes

EPP Status Codes

The standardized flags on a domain that show its state — locked, on hold, pending transfer, and more.

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glossary
EPP

EPP

The standard protocol registrars use to register and manage domains with a registry.

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glossary
ERC-20

ERC-20

The Ethereum standard for fungible tokens like stablecoins, complementing the ERC-721 NFT standard.

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glossary
Ethereum

Ethereum

The leading smart-contract blockchain, and the network most tokenized domains are issued on.

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glossary
Exact-Match Domain

Exact-Match Domain

A domain that exactly matches a search keyword, like besthotels.com, once highly prized for SEO.

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glossary
Grace Period

Grace Period

A short window right after a domain expires when you can still renew it at the normal price.

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glossary
gTLD (Generic Top-Level Domain)

gTLD (Generic Top-Level Domain)

A top-level domain not tied to a country, such as .com, .org, or .xyz, run under ICANN contract.

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glossary
Holding Cost

Holding Cost

The ongoing renewal fees an investor pays to keep a domain until it sells.

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glossary
IANA (Internet Assigned Numbers Authority)

IANA (Internet Assigned Numbers Authority)

The function that maintains the DNS root zone and allocates IP address blocks and protocol numbers.

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glossary
IDN (Internationalized Domain Name) / Punycode

IDN (Internationalized Domain Name) / Punycode

A domain using non-ASCII characters, encoded for DNS as ASCII Punycode beginning with xn--.

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glossary
IP Address (IPv4 / IPv6)

IP Address (IPv4 / IPv6)

The numeric address that identifies a device on a network, which DNS maps a domain name to.

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glossary
IPFS

IPFS

A peer-to-peer protocol that addresses files by their content, used to host decentralized web data.

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Keyword Domain

Keyword Domain

A domain built around a valuable search keyword or phrase, valued for descriptive clarity.

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glossary
KYC

KYC

Know Your Customer — the identity-verification checks a regulated financial or crypto service runs before onboarding a user.

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glossary
Layer 2

Layer 2

A network built on top of a blockchain to make transactions faster and cheaper, like Base on Ethereum.

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glossary
Lease-to-Own

Lease-to-Own

Acquiring a domain through recurring payments that build toward full ownership, a sibling of rent-to-own.

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glossary
Make Offer

Make Offer

A domain listing that invites buyers to submit a bid the seller can accept, counter, or decline.

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Minting

Minting

Creating a new token on a blockchain — for a domain, issuing the NFT that represents its ownership.

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glossary
Nameserver (NS Record)

Nameserver (NS Record)

A server that answers DNS queries for a domain; its NS records name the authoritative servers.

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glossary
New gTLD

New gTLD

A generic top-level domain introduced by ICANN's expansion program, such as .app, .xyz, or .shop.

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glossary
Pending Delete (Drop)

Pending Delete (Drop)

The final status before an unrenewed domain is released back to the public for registration.

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glossary
Phishing

Phishing

Tricking people into revealing credentials or funds via fake sites and messages that impersonate trusted brands.

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glossary
PPC

PPC

An ad model where the owner earns each time a visitor clicks an ad, used to monetize parked domains.

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glossary
Premium Domain

Premium Domain

A high-value domain priced above standard rates for its memorability, brevity, or keyword strength.

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glossary
Private Key

Private Key

The secret number that controls a blockchain account and signs its transactions; it must never be shared.

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Public Key

Public Key

The shareable half of a blockchain key pair, derived from the private key; used to receive funds and verify signatures.

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glossary
Redemption Period (RGP)

Redemption Period (RGP)

A post-expiration window where a lapsed domain can be recovered, usually for a steep redemption fee.

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glossary
Registrant

Registrant

The person or organization that holds the rights to a registered domain name — the owner of record.

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glossary
Registry Lock

Registry Lock

A high-security service where the registry freezes a domain so changes need manual out-of-band approval.

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Registry

Registry

The organization that operates the authoritative database and nameservers for a top-level domain, delegating retail sales to registrars.

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glossary
Reseller

Reseller

A company that sells domains under a larger registrar's accreditation rather than holding its own.

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Reserve Price

Reserve Price

The lowest price a seller will accept, often hidden, below which an offer or auction bid is rejected.

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glossary
Reserved Names (Blocked Names)

Reserved Names (Blocked Names)

Domains a registry withholds from open registration, such as premium, policy, or protected labels.

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glossary
Retail Pricing

Retail Pricing

The price an end user pays for a domain they intend to use — typically far above the wholesale investor floor.

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glossary
Reverse Domain Hijacking

Reverse Domain Hijacking

Abusing the UDRP in bad faith to try to seize a domain from its legitimate owner.

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glossary
Root Zone (Root Servers)

Root Zone (Root Servers)

The top of the DNS hierarchy, listing every TLD and the servers authoritative for it.

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glossary
Second-Level Domain (SLD)

Second-Level Domain (SLD)

The label directly left of the TLD — the "example" in example.com — the part you actually register.

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glossary
Sell-Through Rate

Sell-Through Rate

The share of a domain portfolio that sells in a given period — a key liquidity metric for investors.

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glossary
SERP

SERP

The page of results a search engine returns for a query, where domains compete for visibility.

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glossary
Short Domain

Short Domain

Very short domains — three to four letters or all-digits — prized for brevity, especially in some markets.

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glossary
Subdomain

Subdomain

A prefix added to a domain to create a separate address, such as blog.example.com or app.example.com.

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TLD SEO Impact

TLD SEO Impact

How a domain's extension does and doesn't affect search rankings — content and links matter more.

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glossary
Trademark Clearinghouse

Trademark Clearinghouse

ICANN's central trademark database powering Sunrise pre-registration and brand claims in new gTLDs.

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glossary
Tokenized Domain

Tokenized Domain

A real DNS domain whose ownership is represented as a blockchain token you hold in a wallet.

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Trademark

Trademark

A legally protected mark identifying a brand's goods or services, central to many domain disputes.

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glossary
Transfer Lock

Transfer Lock

A status that blocks a domain from transferring to another registrar until it is explicitly unlocked.

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glossary
TTL (Time to Live)

TTL (Time to Live)

How long, in seconds, a DNS record may be cached by resolvers before it must be looked up again.

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glossary
Type-In Traffic

Type-In Traffic

Visitors who reach a site by typing a guessed domain directly, the basis of domain parking revenue.

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glossary
Typosquatting

Typosquatting

Registering misspellings of popular domains to catch mistyped traffic, often for ads or phishing.

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glossary
URS

URS

A fast, low-cost remedy that suspends a clearly infringing domain, complementing the UDRP.

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glossary
WHOIS Privacy

WHOIS Privacy

A service that masks a registrant's personal contact details in public WHOIS or RDAP records.

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glossary
Wholesale Pricing

Wholesale Pricing

The investor-to-investor floor price for a domain — what a domainer accepts to liquidate quickly, below retail.

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glossary
WIPO

WIPO

The UN agency whose arbitration center decides many UDRP domain-name disputes.

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glossary
Zone File (Glue Record)

Zone File (Glue Record)

The text file holding all the DNS records for a domain, including glue records for its nameservers.

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glossary
AI Agent

AI Agent

Software powered by an AI model that acts on a user's behalf — making purchases, calling APIs, and increasingly transacting with other agents.

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glossary
Auth Code (EPP Code, Transfer Code)

Auth Code (EPP Code, Transfer Code)

A short per-domain secret a registrar issues to authorize moving a domain to another registrar, also called an EPP code or transfer code.

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glossary
DeFi (Decentralized Finance)

DeFi (Decentralized Finance)

Decentralized Finance offers lending, borrowing, and trading through smart contracts on public blockchains, without banks or brokers as intermediaries.

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glossary
DNSSEC (Domain Name System Security Extensions)

DNSSEC (Domain Name System Security Extensions)

Cryptographic signatures on DNS records that let resolvers verify a response is authentic and was not forged or tampered with in transit.

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glossary
ENS (Ethereum Name Service)

ENS (Ethereum Name Service)

The Ethereum Name Service maps human-readable names like alice.eth to wallet addresses and records, managed entirely by on-chain smart contracts.

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glossary
ERC-721 (NFT Standard)

ERC-721 (NFT Standard)

The Ethereum standard interface for non-fungible tokens that lets wallets and marketplaces handle any unique token, including tokenized domains, alike.

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glossary
Gas (Transaction Fees)

Gas (Transaction Fees)

The fee paid to process a transaction on a blockchain, priced in the network's native asset and rising with congestion; Layer 2s charge far less.

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glossary
Hardware Wallet

Hardware Wallet

A dedicated offline device that stores a wallet's private keys and signs transactions on-device, so the keys never touch an internet-connected computer.

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glossary
Seed Phrase (Recovery Phrase, Mnemonic)

Seed Phrase (Recovery Phrase, Mnemonic)

A list of 12 or 24 words that encodes a wallet's master key; anyone holding it controls the wallet, so it is the one thing you must back up.

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glossary
Stablecoin

Stablecoin

A cryptocurrency designed to hold a steady value against a reference like the US dollar, used to pay and settle without crypto price volatility.

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glossary
TLD

TLD

A top-level domain (TLD) is the rightmost label in a domain name, such as .com, .org, or .de, delegated through the IANA root zone under ICANN oversight.

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glossary
WHOIS (and RDAP)

WHOIS (and RDAP)

WHOIS and its successor RDAP are the public lookup services for a domain's registration details, such as its registrar and expiration date.

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glossary
x402

x402

An open protocol that uses the HTTP 402 Payment Required status to let servers and AI agents request and receive on-chain payments inline with requests.

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glossary
Atomic transfer

Atomic transfer

A transaction that completes fully or not at all, never in a partial state, so an asset and its payment swap in one indivisible on-chain step.

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glossary
Auction (Dutch, English, dynamic)

Auction (Dutch, English, dynamic)

A competitive sale format where buyers bid to set the price, run as English (ascending), Dutch (descending), or dynamic timed auctions.

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Automated delegation

Automated delegation

Handing control of a domain or its records to a smart contract that enforces rules automatically, with no human approving each change.

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glossary
Censorship-free

Censorship-free

A property where no single authority can unilaterally seize, block, or alter ownership, because control rests with the holder's keys on a public ledger.

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glossary
Collateral

Collateral

An asset pledged to secure a loan that the lender can claim on default; a tokenized domain can serve as collateral in NFT-aware lending.

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glossary
Composability

Composability

The ability to combine independent on-chain components like building blocks, so a tokenized domain can plug into lending, trading, and other protocols.

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glossary
Cross-registrar transfer

Cross-registrar transfer

Moving a domain's registration from one ICANN registrar to another using an auth code, while keeping the same owner and the same name.

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glossary
Cryptographic security

Cryptographic security

Protection based on public-key cryptography, where only the holder of a private key can authorize actions, rather than a password a server could leak.

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glossary
Custodial ownership

Custodial ownership

An arrangement where a third party holds the private keys to your assets for you, so you depend on their security and their permission to transact.

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glossary
DAO (Decentralized Autonomous Organization)

DAO (Decentralized Autonomous Organization)

A Decentralized Autonomous Organization run by smart-contract rules and member voting rather than a central executive, often managing a shared treasury.

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glossary
DID (Decentralized Identity)

DID (Decentralized Identity)

A Decentralized Identifier is a globally unique ID controlled by its owner's keys rather than a central registry, used to prove identity across services.

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glossary
DNS

DNS

The hierarchical naming system that translates human-readable domain names into the IP addresses computers use to route traffic across the internet.

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glossary
Domain bundle

Domain bundle

A group of related domain names sold or managed together as one package, often covering multiple TLDs or spelling variants of a single brand.

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glossary
Domain trading

Domain trading

Buying and selling domain names to profit from price differences, ranging from quick flips to long-term holds in a managed portfolio.

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glossary
Escrow

Escrow

A neutral third party or smart contract that holds funds or assets until both sides meet the agreed terms, then releases them, cutting counterparty risk.

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glossary
Farcaster

Farcaster

A decentralized social network built on Ethereum where accounts, identities, and social graphs live on-chain rather than on one company's servers.

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glossary
Fractional ownership

Fractional ownership

Splitting a single high-value asset into smaller tradable shares so several people can own portions of it, enabled on-chain by token standards.

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glossary
ICANN

ICANN

The nonprofit that coordinates the global domain name system, IP allocation, and protocol identifiers, and accredits domain registrars worldwide.

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glossary
Internet-native asset

Internet-native asset

An asset that originates and lives on the internet itself, like a domain or token, rather than being a digital record of a physical or legal object.

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glossary
Leasing

Leasing

Renting the use of a domain for a recurring fee while keeping ownership, with smart contracts able to enforce terms and automate the payments.

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glossary
Lending protocol

Lending protocol

A smart-contract platform where users supply assets to earn interest and borrowers take loans against collateral, with no bank as intermediary.

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glossary
Lens

Lens

Lens Protocol is a decentralized social graph where profiles, follows, and posts are owned by users as on-chain assets they can carry between apps.

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glossary
Marketplace (e.g., OpenSea, Blur)

Marketplace (e.g., OpenSea, Blur)

An online venue where buyers and sellers trade assets; for NFTs and tokenized domains, examples include OpenSea and Blur.

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glossary
Multi-sig

Multi-sig

A wallet that needs several private keys to approve a transaction, such as two of three signers, so one compromised key cannot move funds alone.

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glossary
NFT (Non-Fungible Token)

NFT (Non-Fungible Token)

A Non-Fungible Token is a unique, indivisible blockchain token used to represent ownership of a specific item such as a tokenized domain.

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glossary
Permissionless

Permissionless

A system anyone can use or build on without a gatekeeper's approval, because the rules are enforced by open protocols rather than a central authority.

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glossary
Protocol asset

Protocol asset

An asset whose existence and rules are defined by an open protocol's smart contracts, so it works the same for everyone without a controlling company.

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glossary
Registrar

Registrar

An ICANN-accredited company authorized to register domain names on behalf of the public, acting as the interface between registrants and registries.

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glossary
Rent-to-own

Rent-to-own

A purchase arrangement where the buyer pays in installments while using the domain and gains full ownership once the agreed total is paid.

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glossary
Revenue-sharing

Revenue-sharing

An arrangement that automatically splits income from an asset among parties by preset percentages, enforceable on-chain by smart contracts.

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glossary
SEO (Search Engine Optimization)

SEO (Search Engine Optimization)

Search Engine Optimization is the practice of improving a site's content and structure so it ranks higher in search results and draws more visitors.

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glossary
Smart contract

Smart contract

A program stored on a blockchain that runs exactly as written when its conditions are met, enabling agreements that execute without an intermediary.

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glossary
UDRP (Uniform Domain-Name Dispute-Resolution Policy)

UDRP (Uniform Domain-Name Dispute-Resolution Policy)

ICANN's mandatory policy for resolving domain disputes, mainly trademark and cybersquatting claims, as a faster, cheaper alternative to court.

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glossary
Wallet

Wallet

Software or a device that stores the private keys controlling your on-chain assets and signs transactions, such as MetaMask or a hardware wallet.

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glossary
Web3

Web3

A vision of the internet on public blockchains where users own their data, assets, and identity through their own keys, not platform accounts.

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glossary
Domain ownership

Domain ownership

The rights to control, use, and transfer a domain; tokenization records those rights on-chain in a wallet instead of only in a registrar account.

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glossary
On-chain

On-chain

Describes data or actions recorded directly on a blockchain, where they are public, verifiable, and secured by the network rather than a private server.

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glossary
Tokenize

Tokenize

To represent ownership of an asset like a domain as a transferable token on a blockchain so it can be held in a wallet and traded on-chain.

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glossary