Crypto Glossary

Free distribution of cryptocurrency tokens, sometimes legitimate promotions, sometimes scams.

A decentralized, distributed digital ledger that records transactions across multiple computers in a way that prevents retroactive alteration.

A cryptocurrency wallet stored offline, providing maximum security for long-term storage.

A wallet where a third party holds your private keys. Exchanges often use custodial wallets.

Decentralized Application - an application running on a blockchain network rather than centralized servers.

Decentralized Finance - financial services built on blockchain technology without traditional intermediaries like banks.

Ethereum Virtual Machine - the runtime environment for smart contracts on Ethereum and compatible blockchains.

Transaction fees paid to network validators for processing transactions on blockchains like Ethereum.

A cryptocurrency wallet connected to the internet. Convenient but more vulnerable to attacks.

Secondary protocols built on top of blockchains to improve scalability and reduce transaction costs.

Non-Fungible Token - unique digital assets verified on the blockchain, often representing art, collectibles, or other digital items.

A wallet where you control your own private keys, giving you full ownership of your assets.

A scam where attackers create fake websites or messages to steal your credentials or seed phrase.

A secret cryptographic code that allows you to access and control your cryptocurrency. Never share your private key with anyone.

A cryptographic code that serves as your wallet address, which others can use to send you cryptocurrency.

A 12-24 word recovery phrase that can restore your entire wallet. Also known as recovery phrase or mnemonic phrase.

Self-executing code stored on a blockchain that automatically enforces agreements when conditions are met.

Locking up cryptocurrency to support blockchain operations and earn rewards in return.

A digital asset created on an existing blockchain, like ERC-20 tokens on Ethereum.

The vision of a decentralized internet built on blockchain technology, where users own their data and digital assets.