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Glossary

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S2S integration

S2S (Server-to-Server) integration refers to the direct communication and data exchange between servers without the need for human intervention or client-side interaction. This type of integration is commonly used to automate processes, enhance data accuracy, and improve efficiency by allowing servers to communicate directly through APIs or other protocols.

Satoshi Test

The Satoshi Test is a secure method for verifying crypto wallet ownership, used by Virtual Asset Service Providers to ensure compliance and enhance security. This process adds a layer of protection for self-hosted wallets without compromising user privacy or control.

Scalability

Scalability refers to the ability of a system, network, or process to handle a growing amount of work or its potential to accommodate growth.

Scheduled Settlement

Scheduled Settlement refers to a predetermined arrangement in financial transactions where the transfer of assets, funds, or securities is set to occur on a specific future date. This process ensures that both parties involved in the transaction have a clear understanding of when the settlement will take place, allowing for efficient planning and management of resources.

Seamless payments

Seamless payments refer to a frictionless and efficient transaction process where customers can make purchases quickly and effortlessly, often through digital platforms.

Secondary Market

The secondary market is a financial market where investors buy and sell securities they already own, such as stocks, bonds, and other financial instruments. Unlike the primary market, where new securities are issued and sold for the first time, the secondary market provides liquidity and enables price discovery for existing securities. It includes stock exchanges like the New York Stock Exchange (NYSE) and over-the-counter (OTC) markets. This market is crucial for investors looking to trade their assets and for maintaining the overall health and efficiency of the financial system.

Secret key

A secret key is a piece of information used in cryptography to encrypt and decrypt data, ensuring secure communication between parties. It is typically a string of characters that must be kept confidential to maintain the integrity and privacy of the information being protected.

Security Protocols

Security protocols are structured sets of rules and procedures designed to protect data and communications over networks. They ensure confidentiality, integrity, and authenticity by encrypting information, verifying identities, and managing access controls.

Security Token Offering

A Security Token Offering (STO) is a fundraising method where digital tokens representing ownership in an asset or company are issued and sold to investors, typically regulated by securities laws.

Seed Phrase

A seed phrase, also known as a recovery phrase or mnemonic phrase, is a sequence of words generated by cryptocurrency wallets to provide access to the wallet's funds. It serves as a backup and recovery mechanism, allowing users to restore their wallet and access their digital assets if they lose their device or forget their password. The seed phrase is typically composed of 12, 18, or 24 words and must be kept secure and private, as anyone with access to it can control the associated funds.

Semantic Web

The Semantic Web is an extension of the current World Wide Web that aims to make internet data machine-readable and interoperable. By using standardized formats and languages such as RDF (Resource Description Framework) and OWL (Web Ontology Language), the Semantic Web enables data to be shared and reused across different applications, enterprises, and communities. This facilitates more intelligent and automated interactions between systems, enhancing the ability to find, integrate, and analyze information from diverse sources.

Sepa Instant

SEPA Instant is a pan-European instant payment system that enables individuals and businesses to transfer funds across the Single Euro Payments Area (SEPA) in real-time. Launched by the European Payments Council, it allows for euro transactions to be completed within seconds, 24/7, throughout the year. This service enhances the efficiency and speed of financial transactions, supporting seamless and immediate payments across participating banks and financial institutions in the SEPA region.

Series B Funding

Series B funding is a stage of investment in a startup or early-stage company that follows the initial Series A funding round. This phase typically involves larger amounts of capital and is aimed at scaling the business, expanding market reach, and enhancing product development. Investors in Series B funding often include venture capital firms, private equity investors, and sometimes strategic corporate partners.

Service Mesh

An IT service mesh is a dedicated infrastructure layer that manages service-to-service communication within a microservices architecture. It provides a range of functionalities such as load balancing, service discovery, encryption, authentication, and observability, without requiring changes to the application code.

Session Management

Session management is a process in web development and network security that involves tracking and managing a user's interactions with a web application or service over a period of time.

Session persistence

Session persistence, also known as session stickiness, is a concept in computing where a user's session is consistently directed to the same server during their interaction with a web application.

Settlement Bank

A Settlement Bank is a financial institution that facilitates the transfer of funds between parties in a transaction, ensuring that payments are processed and settled efficiently. It acts as an intermediary to manage the exchange of money, often in the context of clearing and settling transactions in financial markets, such as securities, derivatives, or foreign exchange.

Settlement mechanism

A settlement mechanism is a process or system used to facilitate the finalization of financial transactions between parties. It ensures that the transfer of funds or securities is completed accurately and efficiently, often involving clearinghouses or financial institutions that act as intermediaries.

Settlement risk

Settlement risk, also known as delivery risk or counterparty risk, refers to the possibility that one party in a financial transaction will fail to deliver the terms of a contract, such as the payment of funds or the delivery of securities, by the agreed-upon settlement date. This risk can arise in various financial markets, including foreign exchange, securities, and derivatives markets, and can lead to significant financial losses if not properly managed. Effective risk management strategies, such as using clearinghouses or implementing robust counterparty credit assessments, are essential to mitigate settlement risk.

SHA-256

SHA-256 (Secure Hash Algorithm 256-bit) is a cryptographic hash function that produces a fixed-size, 256-bit (32-byte) hash value from an input of any size. It is part of the SHA-2 family of algorithms, designed by the National Security Agency (NSA). SHA-256 is widely used in various security applications and protocols, including SSL/TLS, digital signatures, and blockchain technology, due to its strong resistance to collision and pre-image attacks.

Shareholder

A shareholder, also known as a stockholder, is an individual, company, or institution that owns at least one share of a company's stock, making them a partial owner of the company. Shareholders have the potential to benefit from the company's profits through dividends and stock price appreciation, and they may also have voting rights in certain corporate decisions, depending on the type and number of shares they hold.

Shitcoin

A "Shitcoin" is a derogatory term used in the cryptocurrency community to describe a digital currency that has little to no value or potential. These coins often lack a solid technological foundation, meaningful use case, or community support, and are typically seen as speculative investments or scams. The term is used to caution investors about the risks associated with such cryptocurrencies.

Short squeeze

A short squeeze occurs in the stock market when a heavily shorted stock's price begins to rise, forcing short sellers to buy back shares to cover their positions and minimize losses. This buying activity can further drive up the stock's price, creating a feedback loop that exacerbates the squeeze. Short squeezes can lead to rapid and significant price increases, often catching short sellers off guard.

Sidechain

A sidechain is a secondary blockchain that operates independently but is attached to a main blockchain, often referred to as the parent chain. It allows for the transfer of assets and data between the two chains, enabling enhanced scalability, flexibility, and functionality. Sidechains can be used to test new features, improve transaction speeds, and reduce congestion on the main blockchain, all while maintaining a secure and decentralized environment.

Side Channel Attack

A Side Channel Attack is a type of security exploit that aims to gather information from the physical implementation of a computer system rather than targeting weaknesses in the implemented algorithms themselves. This can include monitoring power consumption, electromagnetic emissions, timing information, or even sound to infer sensitive data such as cryptographic keys. These attacks exploit the indirect information leakage that occurs during the normal operation of a system, making them a significant concern in the field of cybersecurity.

Sim swap

SIM swap, also known as SIM swapping or SIM hijacking, is a type of identity theft where a malicious actor tricks a mobile carrier into transferring a victim's phone number to a new SIM card. This allows the attacker to intercept calls, messages, and two-factor authentication codes, potentially gaining access to sensitive accounts and personal information.

Simulation Environment

A simulation environment is a virtual setting designed to replicate real-world scenarios for the purpose of analysis, training, or experimentation. It provides a controlled and safe space where users can model, test, and interact with complex systems or processes without the risks or costs associated with real-life trials. These environments are commonly used in fields such as engineering, aviation, healthcare, and video game development to enhance learning, improve decision-making, and optimize performance.

Single Dealer Platform (SDP)

A Single Dealer Platform (SDP) is a proprietary electronic trading system developed and operated by a single financial institution, typically a bank or brokerage firm. It allows clients to access a range of financial services and products, such as foreign exchange, fixed income, and derivatives, directly from the institution.

Single Euro Payments Area (SEPA)

SEPA, or the Single Euro Payments Area, is a payment-integration initiative of the European Union aimed at simplifying bank transfers denominated in euros. It allows for seamless and efficient cross-border electronic payments across member countries, making transactions as easy as domestic payments. SEPA covers 36 countries, including EU member states and several non-EU countries, and supports various payment instruments such as credit transfers, direct debits, and card payments.

Skynet

Skynet is a fictional artificial intelligence system featured in the "Terminator" film franchise. It is depicted as a highly advanced, self-aware AI that becomes hostile towards humanity.

Smart Contract Audit

A Smart Contract Audit is a thorough examination of a blockchain-based contract's code to identify vulnerabilities, ensure compliance with standards, and verify its functionality and security.

Smart money

Smart money refers to capital that is controlled by institutional investors, market experts, or other financial professionals who are considered to have a deep understanding of market dynamics and trends.

Smart order router

A Smart Order Router (SOR) is an advanced trading technology used in financial markets to optimize the execution of orders. It intelligently directs orders to various trading venues, such as stock exchanges and dark pools, to achieve the best possible price, speed, and execution quality. By analyzing real-time market data and liquidity, an SOR ensures that trades are executed efficiently, minimizing costs and maximizing returns for investors. This technology is crucial for high-frequency trading and institutional investors who require precise and rapid order fulfillment.

Snapshot

Snapshot refers to a quick, informal photograph or a brief overview or summary capturing a particular moment or situation. In photography, it typically involves taking a picture without extensive preparation or setup. In a broader context, a snapshot can also describe a concise depiction or representation of data, events, or conditions at a specific point in time.

Soft Cap

A soft cap is a flexible limit set during fundraising or token sales, indicating the minimum amount needed to proceed with a project, but allowing for additional funds to be raised beyond this threshold.

Soft Peg

A soft peg is an exchange rate policy where a currency's value is allowed to fluctuate within a narrow band around a fixed rate, providing some stability while permitting limited market-driven adjustments.

Software library

A software library is a collection of pre-written code, functions, and routines that developers can use to perform common tasks, streamline development processes, and avoid redundant coding. These libraries provide reusable components that can be easily integrated into various applications, enhancing efficiency and consistency.

Software Stack

A software stack is a collection of software components that work together to support the execution of applications. It typically includes an operating system, middleware, runtime environments, databases, and application frameworks. Each layer in the stack builds upon the one below it, creating a cohesive and efficient environment for software development and deployment. Common examples include the LAMP stack (Linux, Apache, MySQL, PHP) and the MEAN stack (MongoDB, Express.js, Angular, Node.js). By using a well-defined software stack, developers can streamline the development process, ensure compatibility, and improve system performance.

Sort Code

A sort code is a six-digit number used in the United Kingdom and Ireland to identify specific bank branches. It is used in conjunction with a bank account number to facilitate the routing of money transfers between banks. The sort code is typically formatted as three pairs of numbers, such as 12-34-56, and is essential for processing domestic payments like direct debits and bank transfers.

Speculative investment

Speculative investment refers to the act of investing in assets with a high degree of risk, where the primary objective is to achieve substantial returns. These investments often involve assets whose value is highly volatile or uncertain, such as stocks, commodities, real estate, or cryptocurrencies.

Spot Market

The spot market, also known as the cash market, is a financial market where financial instruments or commodities are traded for immediate delivery and payment. Transactions in the spot market are typically settled "on the spot," meaning within a short period, usually two business days. This market contrasts with futures or forward markets, where the delivery of the asset occurs at a later date. Spot markets are commonly used for trading commodities like oil, gold, and agricultural products, as well as currencies and other financial instruments.

Spot Trading

Spot trading refers to the purchase or sale of a financial instrument, commodity, or asset for immediate delivery and payment on the spot date, which is typically two business days after the trade date. This type of trading is common in markets such as foreign exchange, commodities, and securities, where transactions are settled "on the spot" rather than at a future date.

Spread optimization

Spread optimization refers to the process of improving the efficiency and effectiveness of financial spreads, which are the differences between the bid and ask prices of securities or other financial instruments.

SSL and TLS Encryption

SSL (Secure Sockets Layer) and TLS (Transport Layer Security) are cryptographic protocols designed to provide secure communication over a computer network.

Stacking Sats

Stacking Sats refers to the practice of accumulating small amounts of Bitcoin (satoshis) over time to build a larger holding.

Stagflation

Stagflation is an economic condition characterized by the simultaneous occurrence of stagnant economic growth, high unemployment, and high inflation. This unusual combination poses a significant challenge for policymakers, as traditional measures to combat inflation, such as tightening monetary policy, can further suppress economic growth and exacerbate unemployment. Stagflation was notably experienced in the 1970s, and it remains a complex and difficult issue for economists to address.

State Synchronization

State synchronization refers to the process of ensuring that multiple systems, devices, or components maintain a consistent and up-to-date state across a network or distributed environment.

Store of value

Store of value refers to an asset or commodity that maintains its value over time without depreciating. It is a key function of money and other financial instruments, ensuring that wealth can be saved and retrieved in the future with its purchasing power intact. Common examples include precious metals like gold, real estate, and certain currencies. A reliable store of value is crucial for economic stability and long-term financial planning.

Supercycle

A supercycle is an extended period of strong growth in demand for commodities, often driven by structural changes in the global economy, leading to sustained high prices.

Swift

Swift is a powerful and intuitive programming language developed by Apple for iOS, macOS, watchOS, and tvOS app development. Introduced in 2014, Swift is designed to be easy to learn and use, offering modern features like type safety, generics, and closures.

Swing trading

Swing trading is a short- to medium-term trading strategy used in financial markets, where traders aim to capitalize on price swings or fluctuations within a particular trend. This approach involves holding positions for several days to weeks, as traders seek to profit from expected upward or downward market movements.

Sybil Attack

A Sybil Attack is a security threat where one entity creates multiple fake identities to gain disproportionate influence in a network.

Symmetric key cryptography

Symmetric key cryptography, also known as secret key cryptography, is a type of encryption where the same key is used for both encryption and decryption of data. This method relies on a shared secret key that must be kept confidential between the communicating parties. It is known for its efficiency and speed, making it suitable for encrypting large amounts of data.

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