# Terminology * **Blockchain:** A decentralized digital ledger technology that records transactions across multiple computers securely and immutably. * **Base Chain:** An EVM Layer two blockchain platform utilizing optimistic rollup technology. * **EVM:** Ethereum Virtual Machine (EVM), a decentralized virtual environment that executes code consistently and securely across all Ethereum nodes. * **Tokenization:** The process of converting rights to an asset into a digital token on a blockchain network. * **Real World Assets (RWA):** Tangible, physical assets such as real estate properties that exist in the physical world. * **Fractional Ownership:** The division of asset ownership into smaller tokens or fractions, allowing multiple individuals to hold a portion of the asset. * **Smart Contracts:** Self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. * **Liquidity:** The ease with which an asset can be converted into cash without affecting its market price. * **Decentralization:** The distribution of power away from a central authority in a network, characteristic of blockchain technology. * **Compliance Framework:** The set of guidelines and regulations that govern the operation of a platform, ensuring legal and ethical standards are maintained. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.chaincrib.com/terminology.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.