Cryptocurrency Terms and Definitions
What is cryptography in cryptocurrencies?
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.
Who is a cryptographer in 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.
What is a cryptocurrency?
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.
What is a cryptocurrency exchange (crypto exchange)?
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.
What is a crypto wallet (crypto wallet, digital wallet)?
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.
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