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What you can spend right now. In a stablecoin app this is the tokens sitting in your wallet, shown to you as a dollar figure rather than as a token count.
Your available balance, as opposed to your ledger balance with pending items still hanging off it.
In Kite: Your Kite balance sits in US dollars. Local currency swings do not move it.
A batch of transactions confirmed together and chained to the one before it, which is what makes rewriting history impractical.
A settlement batch, except each batch cryptographically depends on every batch before it.
A public search engine for a blockchain. Look up any address or transaction and see its status, amount and history without an account or a login.
If every bank's core ledger had a public read-only search page. There is no banking equivalent, which is rather the point.
A shared record of transactions that many independent computers keep in step, where entries are appended and never quietly edited. That is the whole invention.
A ledger. The novelty is not the ledger, it is that no single institution owns the copy everyone agrees on.
Infrastructure that carries a token across from one chain to a different one. Necessary, and historically the most attacked part of crypto, so route size and reputation matter.
Correspondent banking. Moving value between two systems that have no direct relationship, through someone who has one with both.
Prices broadly rising, or broadly falling. Worth knowing mostly because crypto commentary assumes you already do.
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