Hot Wallet: A wallet connected to the internet, offering convenience but potentially less security.
Cold Wallet: A wallet not connected to the internet, providing enhanced security for long-term storage.
Software Wallet: A digital wallet that operates on a software platform, such as a mobile app, desktop application, or web service.
Hardware Wallet: A physical device designed to securely store digital assets and private keys offline.
Custodial Wallet: A wallet where a third party controls the private keys, often provided by exchanges.
Non-Custodial Wallet: A wallet where the user retains full control of the private keys, offering greater security and autonomy.
Private Key: A secret key used to sign transactions and access digital assets stored in a blockchain wallet.
Seed Phrase: A sequence of words generated by a wallet that can be used to recover access to the wallet and its assets.
Multi-Signature Wallet: A wallet that requires multiple private keys to authorize a transaction, enhancing security.
Cross-Chain Bridge: A tool that allows users to transfer assets between different blockchain networks.
Phishing Attack: A cyber attack that tricks users into revealing sensitive information, such as private keys or passwords.
Biometric Authentication: Security measures that use biological characteristics, such as fingerprints or facial recognition, for identity verification.
DeFi (Decentralized Finance): Financial services are provided through decentralized platforms on blockchain networks, offering services like lending, borrowing, and earning interest.
dApp (Decentralized Application): An application that runs on a decentralized network, typically a blockchain, rather than being hosted on centralized servers.
