Glossary Crypto & Web3
Smart contract
Code deployed to a blockchain that executes automatically when its conditions are met. It removes the need for a middleman to enforce an agreement, but a bug in the code is just as automatic as the rest of it.
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Supply chain
The chain of suppliers, factories and transport that turns raw materials into a delivered product. A…
ETF
An exchange-traded fund: a basket of assets that trades on an exchange like a single share.…
Portfolio
The full collection of what an investor holds. Judging any single holding without reference to the…
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending…