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Terms and Definitions

**H2K Application**

Private key in application

This is a secret code used to access your account in the application. It's like a password for your personal account. It should not be disclosed to anyone—not even the creators of the H2K app have the private key to your account.

Public key in application

This is a unique code used to identify a user in the application. It's like a login for your personal account. You can safely share it with others so they can add you as a signer in their wallet.

Mnemonic Phrase in the Application

his is a sequence of words that helps users restore access to their account in the application. It is created to remember and securely store the private key.

Authorization in the Application

Authorization is the process of verifying and confirming a user's identity to grant them access to specific features or data in the application. It is usually done using identification factors such as a password, PIN, fingerprint, facial recognition, or other biometric data. In the application, authorization is done through Importing a Mnemonic Phrase or a Private Key.

Importing a private key

This 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 account or import it to a new device. After importing the private key, you can use the account.

Exporting a private key

This 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 necessary if you want to create a backup of the key or use the wallet on another device. When exporting a private key, it's important to keep it in a secure place to prevent unauthorized access to your crypto assets.

Signer in application

A person who has the right to sign and authorize transactions on a multisignature wallet. They are the participants who must agree and sign the transaction before it is executed and added to the blockchain. Multisignature wallets usually require approval from a certain number of signers to ensure security and prevent unauthorized operations. For example, if the wallet requires three signers, to complete a transaction, you need approval from all three participants.


**Tokens**

Cryptocurrency/Token

A type of digital currency that exists only on the internet. You can't physically hold it, but you can use it for online shopping or transfers.

USDT

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

TRX

Another cryptocurrency used to pay transaction fees in the TRON network. It's like a toll fee—for sending anything through the network, you need some TRX.

TLCA

A token used for accounting within the system, including revenue distribution and payment processing. This token can also be used to pay infrastructure fees and partial payment for purchases in the marketplace.

LDFT

A share token backed by portions of a Fund and participating in staking to earn additional income.


** Blockchain**

Blockchain

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

Decentralization

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

Wallet

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

Commission

A small fee for completing a transaction or another service. For example, when transferring cryptocurrency, a commission may be charged to cover the processing costs.

Мультиподпись

A technology for signing transactions with multiple private keys to enhance security and confidentiality in the transaction approval process. Multisignature provides an additional level of confirmation and security for each transaction. Read more:Multisignature

Blockchain scanner

A tool used to track transactions on the blockchain. Each blockchain network has its scanner. For example, the scanner for the TRON blockchain is Tronscan. Here's the link to Tronscan: https://tronscan.org/#/

Transaction

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

Transaction list

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

Hash

A unique set of letters and numbers obtained after processing data with a special mathematical formula. It's like a «fingerprint» for information. In the blockchain, a hash is used to quickly find and verify blocks and transactions, ensuring nothing has been tampered with.


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