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For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms11 shown

B2B liquidity infrastructureProvides developers with API、SDK and routing engines, backend services for RFQ, routing, and settlement across multiple trading venues.
Layer 1The underlying blockchain network that provides final settlement and foundational security for Layer 2.
Layer-2A network architecture that returns settlement to the base chain and requires reliable data transmission with the base chain.
State ChannelA bidirectional communication mechanism that enables participants to update their shared state directly off-chain, relying on blockchain settlement only at stages such as opening and closing.
T+1 SettlementA settlement arrangement in traditional markets whereby securities and funds are settled on the next business day after the trade date.
Sovereign SummarySimultaneously serving as both the execution layer and settlement layer, directly publishing data blocks without requiring Layer 1 smart contract verification-based aggregation method.
Modular blockchainA blockchain architecture that separates responsibilities such as execution, settlement, consensus, and data availability across different layers or networks.
Cash settlementUpon futures expiration, cash is transferred based on the difference between the contract price and the market price of the underlying asset.
SettlementA function responsible for confirming transaction results and ensuring the security of the transaction destination address.
Off-chainRefers to transactions or processes that occur outside the main blockchain network, typically recording only the final settlement result on the underlying blockchain.
Prediction MarketsAn application scenario involving trading or betting on the outcomes of future events, whose settlement rules may serve as an exploitation point for a design flaw attack.

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Definition

Modular blockchain

A blockchain architecture that separates responsibilities such as execution, settlement, consensus, and data availability across different layers or networks.

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