Cryptocurrency Terms and Definitions

A hardware wallet (Hardware wallet) is a physical device that stores private keys in a secure environment and is considered one of the most reliable ways to store cryptocurrency.

A hot wallet (Hot Wallet) is a crypto wallet that is constantly connected to the internet. It is convenient for frequent operations and fast transfers, but it is less secure than cold storage, so it is not recommended to keep large amounts in it.

A software wallet is an application for storing cryptocurrency and managing it directly on a computer or smartphone. It creates and stores the access keys to your assets in the form of files.

A cold wallet is a way of storing cryptocurrency offline, without a constant connection to the internet. This method is considered one of the most reliable for protecting assets from hacking.

A crowdsale is a public sale of a project's tokens to a large number of participants over the internet in order to raise financing. In essence, it is a synonym for an ICO — an initial coin offering.

Cryptography is the science of methods for protecting information by means of encryption. It ensures confidentiality and data integrity and underlies the operation of all cryptocurrencies.

A cryptographer is a specialist in the field of cryptography who develops and analyzes methods of encryption and data protection. Their work underlies the security of blockchain systems.

A cryptocurrency is a digital form of money whose operation is based on cryptography and decentralized networks. Its issuance and transfers do not depend on a single central authority.

A cryptocurrency exchange is an online platform for buying, selling and exchanging cryptocurrencies. Some exchanges work only with cryptocurrency pairs, while others let you trade for ordinary money.

A crypto wallet is a tool for managing digital assets: it stores the access keys to your coins and lets you send and receive transfers on the blockchain network.