deBridge DeFi Glossary | Understand The Words of Crypto
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Centralized

When the decision-making power is centralized in a single point within a system.

Centralized Exchange

Exchanges that are controlled by big companies.

Chain

A blockchain network, e.g., Arbitrum or Solana.

Circulating Supply

The cryptocurrency tokens available publicly in the market.

Cold Wallet

Offline crypto storage, safer from hacks.

Composable

Interoperable DeFi protocols that can integrate with others.

Cross-chain

Interactions or transactions between different blockchains.

Crypto Protocol

A set of rules and procedures that govern behavior in a decentralized network.

Cryptocurrency

A cryptocurrency is a digital currency secured by cryptography. It operates without central control.

Custodial

Custodial wallets are managed by third parties (like CEXs) who control your keys. Exchanges usually provide custodial services.

Central Bank Digital Currency (CBDC)

A CBDC is digital money issued by a country’s central bank. It aims to combine blockchain features with government-backed currency.

CeFi

CeFi refers to centralized financial services like exchanges or lenders. Users trust companies to manage funds on their behalf.

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