👉Terminology

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.

• 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.