crypto terms

A client (Client) is a program that enables a user to interact with a blockchain network: transfers, balance checks, and data synchronization. The most familiar example of a client is a cryptocurrency wallet.

A coin (Coin) is a unit of cryptocurrency that runs on its own independent blockchain. This is exactly what distinguishes a coin from a token, and the word itself is often part of the names of many cryptocurrencies.

Compounding is the reinvestment of accrued interest or rewards, in which income is added to the principal and itself begins to generate profit. It is the practical application of the principle of compound interest.

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.

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.

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.