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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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Ceasefire

An agreement to stop fighting, which may be temporary, local or conditional. It is a pause…

Coalition government

A government formed by two or more parties because no single party holds a majority. Policy…

Altcoin

Any cryptocurrency other than Bitcoin. The label spans serious infrastructure projects and outright jokes, so it…

Central bank

The institution that sets a currency's interest rates and oversees the banking system, such as the…

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