#crypto glossary Page 4

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Node

Node

A node is a computer that participates in a blockchain network by validating and sharing transaction data.

Hot Wallet

Hot Wallet

A hot wallet is an internet-connected cryptocurrency wallet used for convenient access and transactions.

HODL

HODL

HODL means holding cryptocurrency long term instead of selling during price volatility.

Hashing

Hashing

Hashing is the cryptographic process of converting data into a fixed-length output to secure blockchain transactions.

Cryptocurrency

Cryptocurrency

A cryptocurrency is a digital asset secured by cryptography that operates on a blockchain without central control.

Scalability Trilemma

Scalability Trilemma

The scalability trilemma describes the challenge of achieving scalability, security, and decentralization simultaneously in a blockchain.

Roadmap

Roadmap

A roadmap is a project plan that outlines goals, milestones, and timelines for a cryptocurrency’s development and growth.

Retail Investor

Retail Investor

A retail investor is an individual who invests in cryptocurrencies or other assets for personal purposes rather than institutional trading.

Quantum Computing

Quantum Computing

Quantum computing uses quantum mechanics to perform advanced computations and may impact blockchain security.

Proof-of-authority

Proof-of-authority

Proof-of-authority is a blockchain consensus method where trusted validators create blocks and confirm transactions efficiently.

Proof-of-activity

Proof-of-activity

Proof-of-activity is a hybrid consensus method combining proof of work and proof of stake to secure blockchain networks.

Permissionless

Permissionless

Permissionless describes blockchain networks where anyone can participate without needing approval from a central authority.

Passkey

Passkey

A passkey is a secure digital credential that allows users to access crypto accounts without traditional passwords.