close

Glossary

Explore an overview and clear definition of relevant terms commonly used in the extended network of Distributed Ledger Technology (DLT). You can also contribute to the glossary by submitting new terms.
To do this, log in or register here. New entries will be reviewed by the community of the website before publication. Should any questions arise, please don’t hesitate to contact us.

Logged in users can add new word

Asset token (temporary)

Asset tokens digitally represent assets such as participations in real physical underlyings, companies, or earnings streams, or an entitlement to dividends or interest payments. In terms of their economic function, the tokens are analogous to equities, bonds or derivatives.

Added by: digitalswitzerland

Blockchain (temporary)

Blockchain is a type of DLT where transactions are recorded with an immutable cryptographic signature called a hash. The transactions are then grouped in blocks and each
new block includes a hash of the previous one, chaining them together, hence why
distributed ledgers are often called blockchains.

Added by: Jade

Distributed Ledger Technology (DLT) (temporary)

Distributed Ledger Technology, a system of electronic records that enables a network
of independent participants to establish a consensus around the authoritative ordering
of cryptographically-validated (signed) transactions. These records are made persistent
by replicating the data across multiple nodes, and tamper-evident by linking them by
cryptographic hashes. The shared result of the reconciliation / consensus process – the
“ledger” – serves as the authoritative version for these records. The blockchain is a
specific form of distributed ledger.

Added by: Jade

ETH/Ethereum (temporary)

Ether is the native cryptocurrency built on top of the open source Ethereum blockchain,
which runs smart contracts and is an open-source computing platform and operating
system.

Added by: Jade

Interoperability (temporary)

Interoperability is the ability of two or more DLT networks or applications to exchange information and to mutually use the information that has been exchanged.

Added by: digitalswitzerland

Ledger-based securities (temporary)

A ledger-based security is a right which, in accordance with an agreement between the
parties, is registered in a securities ledger and may be exercised and transferred to
others only via this securities ledger (art. 973d para. 1 CO).

Added by: Jade

NFT (temporary)

A non-fungible token is a unit of data stored on a digital ledger which can represent a
unique digital item, often used for collectibles.

Added by: Jade

On-chain (temporary)

Transactions occurring on a cryptocurrency network which move the value outside of the blockchain.

Added by: Jade

Open Source (temporary)

Open source refers to software or other projects with source code that can be viewed, modified, or upgraded by anyone.

Added by: digitalswitzerland

Securities ledger (temporary)

A securities ledger according to art. 973d para. 2 CO refers to a ledger of securities based
on a DLT infrastructure.

Added by: Jade

Security Token (temporary)

A security token is a type of digital asset that represents or derives its value from
another, external asset and is issued on top of a third-party blockchain network.

Added by: Jade

Smart Contract (temporary)

A computer protocol stored and run on a decentralized basis, in accordance with a
previously programmed logic.

Added by: Jade

Token (temporary)

A token is a standardized smart contract called by a transaction.

Added by: Jade

Tokenization (temporary)

Initial generation of tokens and / or DLT-based digitization of a right or asset, meaning
the configuration of legally relevant information with DLT information.

Added by: Jade