Terms and Definitions

This is the process of verifying and confirming a user's identity to grant them access to specific features or data in the application. Authorization is typically achieved using identification factors such as a password, PIN, fingerprint, facial recognition, or other biometric data.

A digital technology for storing and transmitting data, used to create distributed databases.

A special phrase or sequence of words that helps a user regain access to their wallet or account in a blockchain network. It is created to remember and securely store the private key, used to perform transactions or access digital assets. A mnemonic phrase usually consists of several easily memorable words, and their order is crucial to ensure secure access to the account.

A tool used to track transactions on the blockchain.

This is a small fee for performing a transaction or another service. For example, when transferring cryptocurrency, a commission may be charged to cover processing costs.

A type of digital money that exists only online. You can't hold it in your hands, but you can use it for online shopping or transfers.

This is a service that owns the private key of the wallet and holds the assets for the owner. You can read more here:Custodial wallet

This is the principle by which control and management are distributed among many participants, rather than concentrated in one place. Blockchain is decentralized, making it more resilient to hacking and outages.

Is the process of extracting a private key from a crypto wallet or application to save it or use it elsewhere. Exporting a private key might be needed if you want to create a backup of the key or use the wallet on another device. When exporting a private key, it's crucial to keep it in a secure location to prevent unauthorized access to your crypto assets

A unique set of letters and numbers obtained after processing data with a specific mathematical formula. It's like a «fingerprint» for information. In the blockchain, a hash is used to quickly locate and verify blocks and transactions, ensuring they haven't been tampered with.

Is the process of adding a private key to a crypto wallet or another application to gain access to the associated crypto assets. This is done when you need to restore access to your wallet or import it into a new device or program. After importing the private key, you can use the wallet to send and receive cryptocurrency.

A technology for signing transactions with multiple private keys to enhance security and privacy in the process of approving transactions. Multisignature provides an additional layer of confirmation and security for each transaction.You can read more here:Multisignature

A secret code used to access your crypto wallet and sign transactions. It should not be shared with anyone, as it allows spending your cryptocurrency.

A unique code used to identify a user in the blockchain. It’s like your email address—you can share it with others so they can send you cryptocurrency.

A person with the authority to sign and authorize transactions on a multisignature wallet. They are the participants who must agree to and sign a transaction before it is executed and added to the blockchain. Typically, multisignature wallets require confirmation from a certain number of signers to ensure security and prevent unauthorized operation.

A digital asset used to represent a specific asset or participation in a specific economic system.

A record on the blockchain representing the transfer of cryptocurrency or other digital assets.

A list of all completed or planned transactions in a wallet.

This is another cryptocurrency used to pay for transactions on the TRON network. It's like a toll fee—if you want to send something through the network, you need some TRX.

This is a type of cryptocurrency that is pegged to the value of the US dollar. One USDT is always approximately worth one dollar.

A digital tool for storing, sending, and receiving cryptocurrencies.

This is a unique sequence of symbols or numbers used to identify a user in the application. The public address is public information and can be safely shared, as it is only used for internal operations and not for transacting with account funds.

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