Glossary
This glossary defines key terms and concepts related to the Zoksh platform.
A
- API: Application Programming Interface. A set of rules and protocols that allows different software applications to communicate with each other.
B
- Blockchain: A decentralized and immutable ledger that records transactions across a network of computers.
C
Cryptocurrency: A digital or virtual currency that uses cryptography for security.
Cross-Chain: Refers to transactions that occur across different blockchain networks.
Cryptocurrency Wallet: A software application used to store, send, and receive cryptocurrencies.
D
- Decentralized Finance (DeFi): A system of financial services built on top of blockchain technology that operates without intermediaries like banks.
F
- Fiat Currency: Traditional, government-issued currencies such as USD, EUR, and GBP.
O
- On-Ramp: A service that allows users to convert fiat currency into cryptocurrency.
S
Stablecoin: A type of cryptocurrency designed to maintain a stable price relative to a fiat currency or a commodity.
Wallet: A software application used to store, send, and receive cryptocurrencies.
Z
zLink: A unique and shareable payment link generated by Zoksh for easy and secure transactions.
zRequest: A feature that allows users to create and send customized payment requests to others.
zInvoice: A feature that allows users to generate and send professional invoices with built-in crypto payment options.
zRamp: Zoksh's integrated fiat on-ramp solution, providing access to a wide network of trusted fiat providers.
This glossary provides a basic understanding of key terms related to the Zoksh platform.