Glossary

A software application that runs on a decentralized blockchain network rather than a centralized server, often utilizing smart contracts.

A cryptocurrency wallet where a third party holds and manages the private keys on behalf of the user.

The safekeeping and management of digital assets, either self-custodied by the holder or by a third-party custodian.

A digital or virtual currency secured by cryptography that operates on decentralized blockchain networks, independent of central banks.

The mathematical science of encoding and decoding information that underpins the security of blockchain networks and cryptocurrency transactions.

An extended period of declining cryptocurrency prices and negative market sentiment, often lasting months or years.

The ability for assets, data, or information to be transferred or interoperate between two or more separate blockchain networks.

The risk that the other party in a financial transaction may default, particularly relevant in centralized exchanges and lending platforms.

A blockchain ecosystem called the Internet of Blockchains that enables different blockchains to communicate via the IBC protocol.

The method used by a blockchain network to achieve agreement among distributed nodes, such as proof of work or proof of stake.