Terms and Definitions
Blockchain
A distributed ledger with no central authority. Once information is recorded on it, it is practically impossible to alter.
Digital Signature
A combination of public (known to all network participants) and private (known only to the transaction creator) cryptographic keys used to verify transaction authenticity and sender identification.
Identification
A cryptographic procedure to recognize a user in the system.
Multisignature Wallet
A type of wallet that requires multiple signatures to execute a transaction.
Private (Secret) Key
A string of characters kept secret by its owner, used to access an account (wallet) on the network and sign transactions.
Public Key
A string of characters that can verify the authenticity of a signature made by the private key; the public key is uniquely derived from the private key, but it does not allow obtaining the private key.
Signatory
A participant in a multisignature transaction who needs to sign the transaction for its execution.
Transaction
A record on the blockchain representing the transfer of cryptocurrencies or other digital assets.
Transaction Fee
A payment made for processing a transaction on the blockchain.
Transaction List
A list of all completed or scheduled transactions in a wallet.
Wallet
A set of addresses for storing cryptocurrencies, each with its corresponding set of keys (one address - one key).
Wallet Address
A unique identifier of a wallet used for sending and receiving cryptocurrencies.