Crypto Savvy Life

Practical knowledge, guides, and tips

Glossary Category:

51% Attack

When one person (or single group) controls over 50% of the total block creation and they disrupt the integrity of the blockchain….


Consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain…


DApps (decentralized apps) are applications, just like those you download on your phone or PC, except that they run on a network of computers instead of relying on a single computer….

Hedge Fund

A Hedge Fund is a risky type of investment available to high-net-worth institutions and individuals..

Machine Learning

Computer systems that are able to learn and adapt without following explicit instructions, by using algorithms and statistical models to analyze and draw inferences from patterns in data.

Online Activity

Our classification: Any interaction, beyond trading/staking, that involves an online presence as part of the method for earning an income in relation to the particular coin.


Tricking Internet users into revealing personal or confidential information which can then be used illicitly

Private Keys

Your Private Key is like a very long password for protecting access to a particular crypto account…

Public Address

The public address is the location on a particular blockchain where details about your transactions (and therefore how much you own!) for that particular blockchain are stored and updated…

seed phrase

A seed phrase is a unique sequence of words ( usually 12 or more) that act as a type of password….

Shot-gun KYC

This is where an exchange offers account signup without KYC and subsequently requests it from users when they try to withdraw funds.


When you deposit your tokens/coins to a Staking Pool, used by a Validator, in order to gain a reward…


A validator determines whether or not a proposed block conforms to the rules that deem it as valid….


A wallet is a secure place where the codes for your crypto are stored. Check our post for a general overview of Crypto Wallets