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Regulatory Authority

The name of the regulatory agency to which a VASP is registered.

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Risk Classification Definitions

CipherTrace currently classifies risk for a target transaction by looking at transactions that are one hop away (direct) and two hops away. A “hop” is one portion of the path between the source and destination. For example: if Susan sends money to Bob, that transaction is “direct” or “one hop away” from Sue. If Susan…

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Router

A “router” style smart contract is one that can determine transaction flows and transfer funds on the user’s behalf to a subsequent smart contract. In a lot of cases these executions involve trading, swapping, depositing, or withdrawing funds between a user’s wallet and a pair or swap contract.

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Segregated Witness (SegWit)

Segregated Witness (SegWit) is an architectural change that was activated on August 2017 as a soft fork on the Bitcoin network (it is backwards compatible with users who have not accepted the new rules). This change is designed to increase security and efficiency. SegWit splits transactions into two segments, and removes the unlocking signature (witness…

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Services

General services, including non-profits, forums and news sites, and addresses belonging to token contracts.

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Shadow Chains

A blockchain that is able to iteratively upgrade your 2–2 multi-signature HTLC with the owner of a smart-contract.

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SharedCoin

SharedCoin service is an open-source implementation of the CoinJoin privacy protocol, and is often referred to as a ‘mixer’.

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Smart Contracts

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. Because they are on the Ethereum…

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Stablecoin

Stablecoins maybe privately issued cryptocurrency or algorithmic or “non-collateralized/decentralized” stablecoins such as DAI, an algorithmic stablecoin issued by MakerDAO.

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Staking Pool

A “staking pool” is a smart contract which acts very similar to both a Liquidity Pool and Lending Pool. Users can contribute funds by “locking” them, sometimes for a predefined minimum amount of time, to the contract itself. In doing so, they will earn passive income in the form of rewards. These rewards may be…

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