Crypto Glossary

Definition of a custodian: An entity responsible for safeguarding assets, commonly referenced in the context of cryptocurrency storage solutions.

Definition of cryptocurrency: A cryptocurrency is a type of digital or virtual currency that uses cryptography to ensure security.

Cold Wallet Definition: A cryptocurrency wallet that stores private keys offline, typically on hardware devices, to enhance security for crypto investors.

Circle Definition: A financial technology company best known for its stablecoin, USDC, which is pegged to the US dollar to maintain stability in crypto markets.

Central Bank Digital Currency (CBDC) Definition: A government-backed digital currency created to modernize financial systems, enhance transaction efficiency, and potentially influence monetary policy.

Custodial Definition: Pertaining to services that hold and manage users’ assets, offering convenience but reducing user control.

Cryptoasset Definition: A digital asset that employs cryptographic techniques to secure transactions on a blockchain, commonly held as a speculative investment.

Cold Storage Definition: The practice of storing cryptocurrencies offline, disconnected from the internet, to enhance security.

Changpeng Zhao (CZ) definition: Founder and CEO of Binance, one of the world’s leading cryptocurrency exchanges, recognized for his significant influence in the crypto industry.

Cardano (ADA) definition: A layer 1 proof-of-stake blockchain network emphasizing sustainability, efficiency, scalability, and academic research.