Kite

Decode finance jargon with Kite

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Terms starting with G

Showing 6 of 6

Explain it like a bankFlips every card at once

Gas

also called gas fee, network fee
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What the network charges to include your transaction in a block. It goes to whoever is running the infrastructure rather than to the app you are using, and the price climbs whenever the chain is busy.

What you already know this as

The interchange and network fee inside a card payment, or the SWIFT charge on a wire. Always there, usually invisible, occasionally enormous.

In Kite: Gas fees are on us. You do not hold a separate token to pay them.

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The rate you are charged for each unit of computation. Bid higher and you get processed sooner, which is why fees spike when everyone wants in at once.

What you already know this as

Paying for a priority wire instead of standard clearing, or courier express instead of next week.

Gasless

also called sponsored transaction, meta-transaction
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A transfer where somebody other than you pays the network fee, so you never have to hold a separate token just to move your own money.

What you already know this as

The merchant absorbing the card fee. The cost is real, it is simply not on your side of the counter.

In Kite: Gas fees are on us, so you never buy a second token to move your balance.

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The Philippines' largest mobile wallet, used for everything from paying at a sari-sari store to receiving money from family abroad. Its QR sits on counters nationwide.

What you already know this as

A mobile money account that became the default way a country holds and spends small balances.

Geo-restriction

also called geoblocking
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A service refusing to work in certain countries, because of sanctions, licensing, or a plain commercial decision. It can apply to signing up, to spending, or to one individual merchant.

What you already know this as

The same blocks banks apply, for the same regulatory reasons.

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A token that turns holding into voting power over how a protocol is run, from fee levels to upgrades.

What you already know this as

Voting shares, or a co-operative membership vote.

All 6 terms shown.