An educational crypto, finance, and AI vocabulary puzzle about backing, execution, permissions, and inference efficiency.
Stablecoin Rails
These terms cover creation, backing, cash-out, and the reference value itself.
- Mint: Minting is the process of creating new units of a token under the rules of a protocol or issuer.
- Reserve: A reserve is the asset pool held to support a token, liability, or redemption claim.
- Redemption: Redemption is the process of exchanging a token or claim for the underlying value it represents.
- Peg: A peg is the target value a stable asset tries to track, often one U.S. dollar.
Order Book Friction
These terms cover the best prices, the gap between them, and the drag from moving size.
- Bid: A bid is the highest price a buyer is currently willing to pay in the market.
- Ask: An ask is the lowest price a seller is currently willing to accept in the market.
- Spread: The spread is the difference between the best bid and the best ask.
- Slippage: Slippage is the difference between the expected price and the price a trade actually gets.
Agent Guardrails
These terms cover calling tools, isolation, human review, and logging.
- Tool Calling: Tool calling lets an AI agent request a function, API call, or other external action to complete a task.
- Sandbox: A sandbox is a restricted environment that limits what an agent or program can access or change.
- Approval: Approval is a checkpoint where a human reviews and authorizes a risky or important action.
- Audit Trail: An audit trail is a log that records what happened, when it happened, and who or what triggered it.
Model Serving
These terms cover delay, work rate, grouped requests, and reduced precision.
- Latency: Latency is the delay between a request and the start or completion of a response.
- Throughput: Throughput is the amount of work a system can process in a given time period.
- Batching: Batching groups multiple inputs or requests together to improve efficiency.
- Quantization: Quantization reduces numerical precision to lower memory use and speed up inference.