Glossary
AML
Anti-Money Laundering. AML refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
DITEX
Ticker for the Ditex token
Ditex Ecosystem
Incorporates products that meet market demands and generate real income, prioritizing user satisfaction.
Block explorer
A web application that allows the user to inspect blockchain data.
Fiat
Government-issued currencies (“Fiat Money”) such as USD or EUR.
Gas
Fees for the processing of transactions within a blockchain system.
KYC
Know-Your-Customer. KYC or “Know-Your-Customer“ is a set of guidelines used in financial services that stipulate that professionals must attempt to verify the identity and suitability of their customer and identify the risks involved in maintaining a business relationship with said customer.
Polygon
One of the most established blockchain protocols for smart contracts.
PoS
Proof-of-Stake is a blockchain consensus mechanism that establishes the consensus by node voting in proportion to the number of coins one holds.
QR code
Quick Response code, a type of machine-readable matrix barcode.
Smart Contract
A 3rd party software/code which can be deployed and run on a supporting blockchain network and be triggered by transactions and/or commands to execute the code within.
Ticker
Short symbol for a token.
Transaction Fee
The fees to be paid for making transactions on the Polygon Blockchain.
User
Anybody using the Polygon Blockchain or Ditex token.
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