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.