Glossary (42)

A token standard is a technical specification that sets out which functions a token program should provide, what inputs it accepts, and how it reports

A blockchain node is a running piece of software connected to a blockchain network that receives and processes data. Technically it is one actual run

A public key is the shareable part of an asymmetric cryptographic key pair. In the digital-signature systems used by many blockchains, a private key p

A private key is secret cryptographic material used by a signing algorithm to produce digital signatures. On a blockchain, a valid signature can satis

A stablecoin is a crypto asset designed to track a reference value, commonly a fiat currency such as the US dollar. The word “stable” describes a targ

A seed phrase—often called a recovery phrase or mnemonic phrase—is an ordered sequence of words that some wallets use as an input for reconstructing w

A non-custodial wallet is an arrangement in which a service provider does not hold the user’s signing keys or equivalent unilateral authority to autho

A hot wallet is a wallet arrangement in which transaction authorization is available through an internet-connected system. It can prepare and authoriz

A hardware wallet is a purpose-built physical device that stores or derives private keys and signs requests separately from a general-purpose computer

Crypto custody is an arrangement for controlling and safeguarding the keys, key shares or other authorization mechanisms used to manage crypto assets.

A cold wallet is a wallet arrangement designed to keep private keys or other signing authority offline. The blockchain and its asset records remain on

A gas fee is the amount paid for the network resources consumed by an operation on a blockchain that uses gas accounting. Gas is the accounting unit;

A crypto wallet is a system that helps a person or service interact with blockchain accounts and assets. Depending on its design, it may discover addr

A candlestick chart organizes historical price observations into consecutive time intervals. Each candle normally records the open, high, low and clos

A blockchain address is a string that a blockchain network uses to identify an account or receiving destination, or to represent conditions for spendi

A consensus mechanism is the set of rules a blockchain network uses to decide which block to accept next and which ledger history to follow. Nodes rec

A block is a data package that a blockchain uses to group new records. It usually contains transactions or other updates, along with information that

Read on for a comprehensive list of common cryptocurrency terms you'll encounter. Common crypto terms Blockchain : A distributed ledger technology tha