Glossary Terms List

Blockchain

A decentralized digital ledger that records transactions across many computers securely and transparently.

Wallet

A software application or hardware device used to store and manage digital currencies and private keys securely.

Two-Factor Authentication

An additional layer of security requiring not only a password and username but also something that only the user has on them.

Smart Contract

Self-executing contracts with the terms of the agreement directly written into code, which automatically enforce and execute themselves on blockchain networks.

Seed Phrase

A set of words generated by your cryptocurrency wallet that gives you access to the cryptocurrency associated with that wallet.