Technical Glossary

• Blockchain: A decentralized, distributed ledger technology that records transactions across many computers, ensuring the data is secure, transparent, and immutable. Each "block" contains a list of transactions, and blocks are linked together to form a "chain."

• Bitcoin: The first and most widely recognized cryptocurrency, which operates on a decentralized peer-to-peer network without a central authority.

• Lightning Network: A second-layer technology for Bitcoin that enables faster and cheaper transactions by creating off-chain payment channels between users. It allows for near-instantaneous payments with reduced fees.

• Decentralized Finance (DeFi): A movement that leverages blockchain technology to recreate traditional financial services like lending, borrowing, and trading in a decentralized, permissionless manner.

• Phygital: A blend of physical and digital experiences, often used in gaming or marketing to create immersive experiences that bridge the gap between online and offline worlds.