To ensure clarity and understanding throughout this litepaper, the following key terms associated with the Chaincrib platform are defined:

  • Blockchain: A decentralized digital ledger technology that records transactions across multiple computers securely and immutably.

  • Cardano: A third-generation blockchain platform known for its scalability, security, and sustainable development practices.

  • 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 shares 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.

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