Glossary Category:

2-Factor Authentication

Two-factor authentication (2FA) is an access security measure that requires two different forms of authentication…

51% Attack

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

Blockchain

A never-ending digital chain of data where records of transactions are stored…

Consensus

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

dApps

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….

Decentralized

Identical copies of the Blockchain spread across a network of computers around the world…

Defi

Decenralized Finance

Hot Wallet

A crypto wallet is said to be ‘Hot’ when it is connected to the internet…

Phished

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