Glossary
Last updated
Last updated
AML
Anti-Money Laundering. AML refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
Block explorer
A web application which allows the user to inspect blockchain data.
DAO
Decentralized autonomous organization.
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 which 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, a blockchain consensus mechanism, whereby the consensus is established by node voting in proportion to the number of coins one holds.
QR code
Quick Response code, a type of machine-readable matrix barcode.
SLCT
SmartLeCo token
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.
SmartLeCo
Smart Leaders Community
SmartLeCo Ecosystem
Incorporates products and businesses that meet market demands and generate real income, prioritizing user satisfaction.
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 SmartLeCo token.